Majic Wheels Corp Stock Probability of Future Stock Price Finishing Over 9.6E-5
| MJWL Stock | USD 0.0001 0.00 0.00% |
Majic |
Majic Wheels Target Price Odds to finish over 9.6E-5
The tendency of Majic Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to stay above $ 0.000096 in 90 days |
| 0.0001 | 90 days | 0.000096 | about 65.65 |
Based on a normal probability distribution, the odds of Majic Wheels to stay above $ 0.000096 in 90 days from now is about 65.65 (This Majic Wheels Corp probability density function shows the probability of Majic Stock to fall within a particular range of prices over 90 days) . Probability of Majic Wheels Corp price to stay between $ 0.000096 and its current price of $1.0E-4 at the end of the 90-day period is roughly 2.22 .
Given the investment horizon of 90 days Majic Wheels Corp has a beta of -1.36. This indicates as returns on its benchmark rise, returns on holding Majic Wheels Corp are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, Majic Wheels is expected to outperform its benchmark. Additionally Majic Wheels Corp has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Majic Wheels Price Density |
| Price |
Predictive Modules for Majic Wheels
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Majic Wheels Corp. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Majic Wheels' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Majic Wheels Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Majic Wheels is not an exception. The market had few large corrections towards the Majic Wheels' value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Majic Wheels Corp, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Majic Wheels within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.48 | |
β | Beta against Dow Jones | -1.36 | |
σ | Overall volatility | 0.000067 | |
Ir | Information ratio | -0.07 |
Majic Wheels Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Majic Wheels for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Majic Wheels Corp can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Majic Wheels Corp generated a negative expected return over the last 90 days | |
| Majic Wheels Corp has high historical volatility and very poor performance | |
| Majic Wheels Corp has some characteristics of a very speculative penny stock | |
| Majic Wheels Corp has a very high chance of going through financial distress in the upcoming years | |
| Majic Wheels Corp currently holds 290.12 K in liabilities. Majic Wheels Corp has a current ratio of 0.02, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Note, when we think about Majic Wheels' use of debt, we should always consider it together with its cash and equity. | |
| Net Loss for the year was (1.46 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Majic Wheels Corp currently holds about 8.3 K in cash with (80.29 K) of positive cash flow from operations. | |
| Majic Wheels Corp has a very weak financial position based on the latest SEC disclosures |
Majic Wheels Technical Analysis
Majic Wheels' future price can be derived by breaking down and analyzing its technical indicators over time. Majic Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Majic Wheels Corp. In general, you should focus on analyzing Majic Stock price patterns and their correlations with different microeconomic environments and drivers.
Majic Wheels Predictive Forecast Models
Majic Wheels' time-series forecasting models is one of many Majic Wheels' stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Majic Wheels' historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Majic Wheels Corp
Checking the ongoing alerts about Majic Wheels for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Majic Wheels Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Majic Wheels Corp generated a negative expected return over the last 90 days | |
| Majic Wheels Corp has high historical volatility and very poor performance | |
| Majic Wheels Corp has some characteristics of a very speculative penny stock | |
| Majic Wheels Corp has a very high chance of going through financial distress in the upcoming years | |
| Majic Wheels Corp currently holds 290.12 K in liabilities. Majic Wheels Corp has a current ratio of 0.02, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Note, when we think about Majic Wheels' use of debt, we should always consider it together with its cash and equity. | |
| Net Loss for the year was (1.46 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Majic Wheels Corp currently holds about 8.3 K in cash with (80.29 K) of positive cash flow from operations. | |
| Majic Wheels Corp has a very weak financial position based on the latest SEC disclosures |
Check out Majic Wheels Backtesting, Majic Wheels Valuation, Majic Wheels Correlation, Majic Wheels Hype Analysis, Majic Wheels Volatility, Majic Wheels History as well as Majic Wheels Performance. You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
Is Environmental & Facilities Services space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Majic Wheels. If investors know Majic will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Majic Wheels listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.01) | Revenue Per Share 0.001 | Quarterly Revenue Growth 0.558 |
The market value of Majic Wheels Corp is measured differently than its book value, which is the value of Majic that is recorded on the company's balance sheet. Investors also form their own opinion of Majic Wheels' value that differs from its market value or its book value, called intrinsic value, which is Majic Wheels' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Majic Wheels' market value can be influenced by many factors that don't directly affect Majic Wheels' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Majic Wheels' value and its price as these two are different measures arrived at by different means. Investors typically determine if Majic Wheels is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Majic Wheels' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.