Victory Nickel Beta vs. Market Capitalization
| VNCKFDelisted Stock | USD 0.01 0.00 0.00% |
For Victory Nickel profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Victory Nickel to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Victory Nickel utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Victory Nickel's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Victory Nickel over time as well as its relative position and ranking within its peers.
Victory |
Victory Nickel Market Capitalization vs. Beta Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Victory Nickel's current stock value. Our valuation model uses many indicators to compare Victory Nickel value to that of its competitors to determine the firm's financial worth. Victory Nickel is rated first in beta category among related companies. It is rated first in market capitalization category among related companies creating about 2,250,019 of Market Capitalization per Beta. Comparative valuation analysis is a catch-all model that can be used if you cannot value Victory Nickel by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Victory Nickel's Pink Sheet. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Victory Nickel's earnings, one of the primary drivers of an investment's value.Victory Market Capitalization vs. Beta
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.
Victory Nickel |
| = | 0.96 |
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.
Market Capitalization is the total market value of a company's equity. It is one of many ways to value a company and is calculated by multiplying the price of the stock by the number of shares issued. If a firm has one type of stock its market capitalization will be the current market share price multiplied by the number of shares. However, if a company has multiple types of equities then the market cap will be the total of the market caps of the different types of shares.
Victory Nickel |
| = | 2.16 M |
In most publications or references market cap is broken down into the mega-cap, large-cap, mid-cap, small-cap, micro-cap, and nano-cap. Market Cap is a measurement of business as total market value of all of the outstanding shares at a given time, and can be used to compare different companies based on their size.
Victory Market Capitalization vs Competition
Victory Nickel is rated first in market capitalization category among related companies. Market capitalization of Materials industry is at this time estimated at about 61.81 Billion. Victory Nickel adds roughly 2.16 Million in market capitalization claiming only tiny portion of all equities under Materials industry.
Beta Analysis
Victory Nickel returns are very sensitive to returns on the market. As the market goes up or down, Victory Nickel is expected to follow.
Victory Nickel Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Victory Nickel, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Victory Nickel will eventually generate negative long term returns. The profitability progress is the general direction of Victory Nickel's change in net profit over the period of time. It can combine multiple indicators of Victory Nickel, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
Victory Nickel Inc. engages in the acquisition, exploration, evaluation, and development of nickel properties and associated products in Canada. Victory Nickel Inc. was incorporated in 2006 and is based in Toronto, Canada. VICTORY NICKEL operates under Other Industrial Metals Mining classification in the United States and is traded on PNK Exchange.
Victory Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Victory Nickel. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Victory Nickel position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Victory Nickel's important profitability drivers and their relationship over time.
Use Victory Nickel in pair-trading
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 Victory Nickel 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 Victory Nickel will appreciate offsetting losses from the drop in the long position's value.Victory Nickel Pair Trading
Victory Nickel Pair Trading Analysis
The ability to find closely correlated positions to Victory Nickel could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Victory Nickel 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 Victory Nickel - 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 Victory Nickel to buy it.
The correlation of Victory Nickel 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 Victory Nickel moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Victory Nickel 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 Victory Nickel 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.Use Investing Themes to Complement your Victory Nickel position
In addition to having Victory Nickel in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Cars Thematic Idea Now
Cars
Domestic and international companies involved in manufacturing and serving automobiles and trucks. The Cars theme has 42 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Cars Theme or any other thematic opportunities.
| View All Next | Launch |
Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in industry. You can also try the Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.
Other Consideration for investing in Victory Pink Sheet
If you are still planning to invest in Victory Nickel check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Victory Nickel's history and understand the potential risks before investing.
| Portfolio Anywhere Track or share privately all of your investments from the convenience of any device | |
| Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk | |
| Theme Ratings Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Competition Analyzer Analyze and compare many basic indicators for a group of related or unrelated entities | |
| Share Portfolio Track or share privately all of your investments from the convenience of any device | |
| Equity Analysis Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities | |
| Fundamental Analysis View fundamental data based on most recent published financial statements | |
| Transaction History View history of all your transactions and understand their impact on performance | |
| Sign In To Macroaxis Sign in to explore Macroaxis' wealth optimization platform and fintech modules | |
| AI Investment Finder Use AI to screen and filter profitable investment opportunities | |
| My Watchlist Analysis Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like | |
| Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments | |
| Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings |