Balkrishna Paper Price to Book vs. Beta

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The Drivers Module shows relationships between Balkrishna Paper's most relevant fundamental drivers and provides multiple suggestions of what could possibly affect the performance of Balkrishna Paper Mills over time as well as its relative position and ranking within its peers. Check out Trending Equities.

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Balkrishna Paper Mills Beta vs. Price to Book Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining Balkrishna Paper's current stock value. Our valuation model uses many indicators to compare Balkrishna Paper value to that of its competitors to determine the firm's financial worth.
Balkrishna Paper Mills is number one stock in price to book category among related companies. It is number one stock in beta category among related companies .
Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.
Balkrishna Paper 
P/B 
 = 
MV Per Share 
BV Per Share 
=
6.04 X
Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.
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 will be 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.
Balkrishna Paper 
Beta 
 = 
Covariance 
Variance 
=
-0.02
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.

Balkrishna Beta Comparison

Beta Analysis

Let's try to break down what Balkrishna's beta means in this case. As returns on the market increase, returns on owning Balkrishna Paper are expected to decrease at a much lower rate. During the bear market, Balkrishna Paper is likely to outperform the market.

Balkrishna Fundamental Comparison

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