Mountain Boy Minerals Stock Beta

MTB Stock  CAD 0.01  0.01  25.00%   
Mountain Boy Minerals fundamentals help investors to digest information that contributes to Mountain Boy's financial success or failures. It also enables traders to predict the movement of Mountain Stock. The fundamental analysis module provides a way to measure Mountain Boy'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 Mountain Boy stock.
  
This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.

Mountain Boy Minerals Company Beta Analysis

Mountain Boy'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.

Beta

 = 

Covariance

Variance

More About Beta | All Equity Analysis

Current Mountain Boy Beta

    
  0.62  
Most of Mountain Boy'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, Mountain Boy Minerals is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Mountain Beta Driver Correlations

Understanding the fundamental principles of building solid financial models for Mountain Boy is extremely important. It helps to project a fair market value of Mountain Stock properly, considering its historical fundamentals such as Beta. Since Mountain Boy'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 Mountain Boy'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 Mountain Boy's interrelated accounts and indicators.
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, Mountain Boy Minerals has a Beta of 0.623. This is 28.39% lower than that of the Metals & Mining sector and 46.75% lower than that of the Materials industry. The beta for all Canada stocks is notably lower than that of the firm.

Mountain Beta Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Mountain Boy'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 Mountain Boy could also be used in its relative valuation, which is a method of valuing Mountain Boy by comparing valuation metrics of similar companies.
Mountain Boy is currently under evaluation in beta category among its peers.

Mountain Boy Current Valuation Drivers

We derive many important indicators used in calculating different scores of Mountain Boy from analyzing Mountain Boy's financial statements. These drivers represent accounts that assess Mountain Boy's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Mountain Boy's important valuation drivers and their relationship over time.
201920202021202220232024 (projected)
Market Cap8.0M14.6M9.2M8.0M7.2M7.6M
Enterprise Value7.8M11.3M9.0M7.7M7.0M7.3M
As returns on the market increase, Mountain Boy's returns are expected to increase less than the market. However, during the bear market, the loss of holding Mountain Boy is expected to be smaller as well.

Mountain Fundamentals

About Mountain Boy Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Mountain Boy Minerals's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Mountain Boy using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Mountain Boy Minerals 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.

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
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Additional Tools for Mountain Stock Analysis

When running Mountain Boy's price analysis, check to measure Mountain Boy'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 Mountain Boy is operating at the current time. Most of Mountain Boy's value examination focuses on studying past and present price action to predict the probability of Mountain Boy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mountain Boy's price. Additionally, you may evaluate how the addition of Mountain Boy to your portfolios can decrease your overall portfolio volatility.