Vitreous Glass Stock Beta
| VCIGF Stock | USD 4.44 0.00 0.00% |
Fundamental analysis of Vitreous Glass allows traders to better anticipate movements in Vitreous Glass' stock price by examining its financial health and performance throughout various phases of its business cycle.
Vitreous |
Vitreous Glass Company Beta Analysis
Vitreous Glass' 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 Vitreous Glass Beta | 0.73 |
Most of Vitreous Glass' 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, Vitreous Glass is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
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, Vitreous Glass has a Beta of 0.7259. This is 47.01% lower than that of the Construction Materials sector and 35.19% lower than that of the Materials industry. The beta for all United States stocks is notably lower than that of the firm.
Vitreous Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Vitreous Glass' direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the pink sheets which would be a good addition to a portfolio. Peer analysis of Vitreous Glass could also be used in its relative valuation, which is a method of valuing Vitreous Glass by comparing valuation metrics of similar companies.Vitreous Glass is currently under evaluation in beta category among its peers.
As returns on the market increase, Vitreous Glass' returns are expected to increase less than the market. However, during the bear market, the loss of holding Vitreous Glass is expected to be smaller as well.
Vitreous Fundamentals
| Return On Equity | 0.52 | |||
| Return On Asset | 0.33 | |||
| Profit Margin | 0.23 % | |||
| Operating Margin | 0.30 % | |||
| Current Valuation | 17.46 M | |||
| Shares Outstanding | 6.28 M | |||
| Shares Owned By Insiders | 40.06 % | |||
| Shares Owned By Institutions | 0.47 % | |||
| Price To Earning | 8.63 X | |||
| Price To Book | 6.03 X | |||
| Price To Sales | 1.84 X | |||
| Revenue | 9.62 M | |||
| Gross Profit | 4.52 M | |||
| EBITDA | 3 M | |||
| Net Income | 2.17 M | |||
| Cash And Equivalents | 1.73 M | |||
| Cash Per Share | 0.28 X | |||
| Total Debt | 104.74 K | |||
| Debt To Equity | 0.02 % | |||
| Current Ratio | 3.62 X | |||
| Book Value Per Share | 0.68 X | |||
| Cash Flow From Operations | 1.97 M | |||
| Earnings Per Share | 0.25 X | |||
| Beta | 0.73 | |||
| Market Capitalization | 20.88 M | |||
| Total Asset | 5.49 M | |||
| Net Asset | 5.49 M |
About Vitreous Glass Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Vitreous Glass's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Vitreous Glass using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Vitreous Glass 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.
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Other Information on Investing in Vitreous Pink Sheet
Vitreous Glass financial ratios help investors to determine whether Vitreous Pink Sheet is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Vitreous with respect to the benefits of owning Vitreous Glass security.