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Optegra Ventures (TSXV:OPTG) GF Value Rank : 0 (As of Oct. 31, 2024)


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What is Optegra Ventures GF Value Rank?

Optegra Ventures has the GF Value Rank of 0.

The GF Value Rank is determined by the price-to-GF-Value (P/GF Value) ratio, a proprietary metric calculated based on historical multiples along with an adjustment factor based on a company's past returns and growth and future estimates of the business' performance.

GuruFocus found that for valuation, we cannot simply give stocks a better GF Value rank simply because they have a lower P/GF Value ratio. Backtesting shows that over the long term, the two worst-performing groups are the most expensive group (with the highest P/GF Value ratio) and the least expensive group (with the lowest P/GF Value ratio).

We can understand why the most expensive group underperforms. We were initially puzzled by the underperformance of the least expensive group, but we realized there is a reason why some stocks are super cheap. If they look too undervalued, it is often because the businesses behind them are poor quality. The market realized this and gave them low valuations. In a way, the market is efficient.

After multiple backtesting analyses, we granted the stocks in third-cheapest percentile the highest GF Value rank, as they have performed the best over a full market cycle. Stock performance is actually not as sensitive to valuation as it is to growth and profitability. On average, the companies in the 20%-50% valuation groups have similar performances. Therefore, we should avoid the most expensive and the least expensive stocks. We can be more tolerant of valuation.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.


Optegra Ventures GF Value Rank Related Terms

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Optegra Ventures Business Description

Traded in Other Exchanges
Address
3002 - 1211 Melville Street, Vancouver, BC, CAN, V6E 0A7
Optegra Ventures Inc is a Canada-based company. The Company's principal business activity is the exploration of mineral properties. The Company operates in a single reportable segment exploration and evaluation business in two geographical area, Canada and Australia. Its projects includes Australian Projects, Compass Creek, Mount Turner, and Cumberland. Company generates majority of the revenue from Canada.

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