Majic Wheels Corp Stock Price on November 25, 2024
| MJWL Stock | USD 0.0001 0.00 0.00% |
Below is the normalized historical share price chart for Majic Wheels Corp extending back to September 16, 2008. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Majic Wheels stands at 0.0001, as last reported on the 27th of November, with the highest price reaching 0.0001 and the lowest price hitting 0.0001 during the day.
If you're considering investing in Majic Stock, it is important to understand the factors that can impact its price. Majic Wheels Corp has Sharpe Ratio of -0.0636, which conveys that the firm had a -0.0636% return per unit of risk over the last 3 months. Majic Wheels exposes sixteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Majic Wheels' Standard Deviation of 10.16, mean deviation of 2.25, and Risk Adjusted Performance of (0.04) to check out the risk estimate we provide.
Total Stockholder Equity is expected to rise to about (1.8 M) this year. The value of Common Stock Shares Outstanding is expected to slide to about 77.2 M. The value of Price Earnings Ratio is estimated to slide to -0.15. The value of Price Book Value Ratio is estimated to slide to -0.1. Majic Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
200 Day MA 0.0002 | 50 Day MA 0.0001 | Beta 24.899 |
Majic |
Sharpe Ratio = -0.0636
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Estimated Market Risk
| 10.4 actual daily | 92 92% of assets are less volatile |
Expected Return
| -0.66 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.06 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Majic Wheels is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Majic Wheels by adding Majic Wheels to a well-diversified portfolio.
Book Value (0.01) | Enterprise Value 390.7 K | Enterprise Value Ebitda (0.09) | Price Sales 1.1113 | Shares Outstanding 2 B |
Majic Wheels Valuation on November 25, 2024
It is possible to determine the worth of Majic Wheels on a given historical date. On November 25, 2024 Majic was worth 1.0E-4 at the beginning of the trading date compared to the closed value of 1.0E-4. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Majic Wheels stock. Still, in general, we apply an absolute valuation method to find Majic Wheels' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Majic Wheels where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Majic Wheels' related companies.
| Open | High | Low | Close | Volume | |
| 0.0001 | 0.0001 | 0.0001 | 0.0001 | 1.00 | |
11/25/2024 | 0.0001 | 0.0001 | 0.0001 | 0.0001 | 1.00 |
| 0.0001 | 0.0001 | 0.0001 | 0.0001 | 0.00 |
| Backtest Majic Wheels | | | Majic Wheels History | | | Majic Wheels Valuation | Previous | Next |
Majic Wheels Trading Date Momentum on November 25, 2024
| On November 27 2024 Majic Wheels Corp was traded for 0.0001 at the closing time. The top price for the day was 0.0001 and the lowest listed price was 0.0001 . There was no trading activity during the period 0.0. Lack of trading volume on November 27, 2024 did not cause price change. The trading delta at closing time against the current closing price is 0.00% . |
Majic Wheels Corp Fundamentals Correlations and Trends
By evaluating Majic Wheels' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Majic Wheels' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Majic financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Majic Wheels Stock history
Majic Wheels investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Majic is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Majic Wheels Corp will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Majic Wheels stock prices may prove useful in developing a viable investing in Majic Wheels
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 140.7 M | 77.2 M | |
| Net Loss | -1.3 M | -1.2 M |
Majic Wheels Stock Technical Analysis
Majic Wheels technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Majic Wheels Period Price Range
Low | November 27, 2024
| High |
0.00 | 0.00 |
Majic Wheels Corp cannot be verified against its exchange. Please verify the symbol is currently traded on OTCCE Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Majic Wheels November 27, 2024 Market Strength
Market strength indicators help investors to evaluate how Majic Wheels stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Majic Wheels shares will generate the highest return on investment. By undertsting and applying Majic Wheels stock market strength indicators, traders can identify Majic Wheels Corp entry and exit signals to maximize returns
Majic Wheels Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Majic Wheels' price direction in advance. Along with the technical and fundamental analysis of Majic Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Majic to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.48) | |||
| Total Risk Alpha | (2.22) | |||
| Treynor Ratio | 0.4698 |
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Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Majic Wheels Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing. You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
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.