Endeavour Silver Corp Stock Beta
| EXK Stock | USD 2.70 0.02 0.74% |
Endeavour Silver Corp fundamentals help investors to digest information that contributes to Endeavour Silver's financial success or failures. It also enables traders to predict the movement of Endeavour Stock. The fundamental analysis module provides a way to measure Endeavour Silver's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Endeavour Silver stock.
Endeavour | Beta |
Endeavour Silver Corp Company Beta Analysis
Endeavour Silver's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current Endeavour Silver Beta | 1.79 |
Most of Endeavour Silver's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Endeavour Silver Corp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Endeavour Beta Driver Correlations
Understanding the fundamental principles of building solid financial models for Endeavour Silver is extremely important. It helps to project a fair market value of Endeavour Stock properly, considering its historical fundamentals such as Beta. Since Endeavour Silver's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Endeavour Silver's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Endeavour Silver's interrelated accounts and indicators.
Click cells to compare fundamentals
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
| Competition |
In accordance with the recently published financial statements, Endeavour Silver Corp has a Beta of 1.792. This is 105.98% higher than that of the Metals & Mining sector and significantly higher than that of the Materials industry. The beta for all United States stocks is notably lower than that of the firm.
Endeavour Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Endeavour Silver's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Endeavour Silver could also be used in its relative valuation, which is a method of valuing Endeavour Silver by comparing valuation metrics of similar companies.Endeavour Silver is currently under evaluation in beta category among related companies.
Endeavour Silver Current Valuation Drivers
We derive many important indicators used in calculating different scores of Endeavour Silver from analyzing Endeavour Silver's financial statements. These drivers represent accounts that assess Endeavour Silver's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Endeavour Silver's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 326.2M | 760.5M | 706.0M | 593.0M | 386.2M | 256.8M | |
| Enterprise Value | 313.0M | 710.2M | 614.2M | 525.1M | 360.5M | 235.1M |
Endeavour Silver Institutional Holders
Institutional Holdings refers to the ownership stake in Endeavour Silver that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Endeavour Silver's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Endeavour Silver's value.| Shares | Cubist Systematic Strategies, Llc | 2023-12-31 | 732.2 K | Hrt Financial Llc | 2023-12-31 | 677.1 K | Susquehanna International Group, Llp | 2023-12-31 | 647.1 K | Walleye Trading Advisors, Llc | 2023-12-31 | 617.7 K | Dz Bank Ag Deutsche Zentral-genossenschaftsbank Frankfurt Am Main | 2023-12-31 | 600 K | Morgan Stanley - Brokerage Accounts | 2023-12-31 | 595.3 K | Tudor Investment Corp Et Al | 2023-12-31 | 506.6 K | Credit Suisse First Boston (csfb) | 2023-12-31 | 434 K | Swiss National Bank | 2023-12-31 | 394.6 K | Van Eck Associates Corporation | 2023-12-31 | 9.6 M | Jupiter Asset Management Limited | 2023-12-31 | 6.7 M |
As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Endeavour Silver will likely underperform.
Endeavour Fundamentals
| Return On Equity | 0.0174 | ||||
| Return On Asset | 0.0116 | ||||
| Profit Margin | 0.03 % | ||||
| Operating Margin | (0.01) % | ||||
| Current Valuation | 603.16 M | ||||
| Shares Outstanding | 240.34 M | ||||
| Shares Owned By Insiders | 0.57 % | ||||
| Shares Owned By Institutions | 31.29 % | ||||
| Number Of Shares Shorted | 9.76 M | ||||
| Price To Earning | 397.50 X | ||||
| Price To Book | 1.69 X | ||||
| Price To Sales | 3.18 X | ||||
| Revenue | 208.6 M | ||||
| Gross Profit | 76.7 M | ||||
| EBITDA | 32.9 M | ||||
| Net Income | 6.24 M | ||||
| Cash And Equivalents | 83.39 M | ||||
| Cash Per Share | 0.66 X | ||||
| Total Debt | 9.48 M | ||||
| Debt To Equity | 0.05 % | ||||
| Current Ratio | 5.08 X | ||||
| Book Value Per Share | 1.78 X | ||||
| Cash Flow From Operations | 3.47 M | ||||
| Short Ratio | 1.92 X | ||||
| Earnings Per Share | 0.03 X | ||||
| Target Price | 5.25 | ||||
| Number Of Employees | 1.35 K | ||||
| Beta | 1.79 | ||||
| Market Capitalization | 653.72 M | ||||
| Total Asset | 472.38 M | ||||
| Retained Earnings | (339.17 M) | ||||
| Working Capital | 42.53 M | ||||
| Current Asset | 65.23 M | ||||
| Current Liabilities | 47.97 M | ||||
| Net Asset | 472.38 M |
About Endeavour Silver Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Endeavour Silver Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Endeavour Silver using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Endeavour Silver Corp based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Endeavour Silver
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Endeavour Silver position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Endeavour Silver will appreciate offsetting losses from the drop in the long position's value.Moving together with Endeavour Stock
| 0.98 | HL | Hecla Mining Financial Report 8th of May 2024 | PairCorr |
| 0.76 | VOXR | Vox Royalty Corp | PairCorr |
| 0.97 | ASM | Avino Silver Gold Financial Report 8th of May 2024 | PairCorr |
Moving against Endeavour Stock
| 0.88 | MPVDF | Mountain Province | PairCorr |
| 0.78 | X | United States Steel Earnings Call This Week | PairCorr |
| 0.43 | ATLX | Atlas Lithium Financial Report 20th of May 2024 | PairCorr |
The ability to find closely correlated positions to Endeavour Silver could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Endeavour Silver when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Endeavour Silver - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Endeavour Silver Corp to buy it.
The correlation of Endeavour Silver is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Endeavour Silver moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Endeavour Silver Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Endeavour Silver can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Endeavour Silver Piotroski F Score and Endeavour Silver Altman Z Score analysis. You can also try the Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.
Complementary Tools for Endeavour Stock analysis
When running Endeavour Silver's price analysis, check to measure Endeavour Silver's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Endeavour Silver is operating at the current time. Most of Endeavour Silver's value examination focuses on studying past and present price action to predict the probability of Endeavour Silver's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Endeavour Silver's price. Additionally, you may evaluate how the addition of Endeavour Silver to your portfolios can decrease your overall portfolio volatility.
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Is Endeavour Silver's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Endeavour Silver. If investors know Endeavour will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Endeavour Silver listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.73) | Earnings Share 0.03 | Revenue Per Share 1.048 | Quarterly Revenue Growth (0.38) | Return On Assets 0.0116 |
The market value of Endeavour Silver Corp is measured differently than its book value, which is the value of Endeavour that is recorded on the company's balance sheet. Investors also form their own opinion of Endeavour Silver's value that differs from its market value or its book value, called intrinsic value, which is Endeavour Silver's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Endeavour Silver's market value can be influenced by many factors that don't directly affect Endeavour Silver's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Endeavour Silver's value and its price as these two are different measures arrived at by different means. Investors typically determine if Endeavour Silver is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Endeavour Silver's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.