Manitex Capital Stock Beta
| MNX Stock | CAD 0.14 0.00 0.00% |
Manitex Capital fundamentals help investors to digest information that contributes to Manitex Capital's financial success or failures. It also enables traders to predict the movement of Manitex Stock. The fundamental analysis module provides a way to measure Manitex Capital's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Manitex Capital stock.
Manitex | Beta |
Manitex Capital Company Beta Analysis
Manitex Capital's 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 Manitex Capital Beta | 0.44 |
Most of Manitex Capital's 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, Manitex Capital 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, Manitex Capital has a Beta of 0.441. This is 46.22% lower than that of the Capital Markets sector and 63.85% lower than that of the Financials industry. The beta for all Canada stocks is notably lower than that of the firm.
Manitex Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Manitex Capital's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Manitex Capital could also be used in its relative valuation, which is a method of valuing Manitex Capital by comparing valuation metrics of similar companies.Manitex Capital is currently under evaluation in beta category among its peers.
As returns on the market increase, Manitex Capital's returns are expected to increase less than the market. However, during the bear market, the loss of holding Manitex Capital is expected to be smaller as well.
Manitex Fundamentals
| Return On Equity | -0.0609 | |||
| Return On Asset | -0.022 | |||
| Current Valuation | 1.61 M | |||
| Shares Outstanding | 12.66 M | |||
| Shares Owned By Insiders | 61.14 % | |||
| Number Of Shares Shorted | 104 | |||
| Price To Earning | 3.10 X | |||
| Price To Book | 0.23 X | |||
| Price To Sales | 0.49 X | |||
| EBITDA | (3.17 M) | |||
| Net Income | 256.99 K | |||
| Cash And Equivalents | 5.64 M | |||
| Cash Per Share | 0.45 X | |||
| Total Debt | 1.32 M | |||
| Debt To Equity | 31.60 % | |||
| Current Ratio | 18.70 X | |||
| Book Value Per Share | 0.59 X | |||
| Cash Flow From Operations | (181.65 K) | |||
| Short Ratio | 2.00 X | |||
| Earnings Per Share | (0.07) X | |||
| Beta | 0.44 | |||
| Market Capitalization | 1.71 M | |||
| Total Asset | 10.56 M | |||
| Retained Earnings | 2.67 M | |||
| Working Capital | 569.55 K | |||
| Net Asset | 10.56 M |
About Manitex Capital Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Manitex Capital's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Manitex Capital using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Manitex Capital 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.
Thematic Opportunities
Explore Investment Opportunities
Additional Tools for Manitex Stock Analysis
When running Manitex Capital's price analysis, check to measure Manitex Capital's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Manitex Capital is operating at the current time. Most of Manitex Capital's value examination focuses on studying past and present price action to predict the probability of Manitex Capital's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Manitex Capital's price. Additionally, you may evaluate how the addition of Manitex Capital to your portfolios can decrease your overall portfolio volatility.