Magic Empire Global Stock Market Value
| MEGL Stock | USD 0.50 0.01 2.04% |
| Symbol | Magic |
Magic Empire Global Price To Book Ratio
Is Asset Management & Custody Banks 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 Magic Empire. If investors know Magic 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 Magic Empire listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.14) | Revenue Per Share 0.762 | Quarterly Revenue Growth 0.269 | Return On Assets (0) | Return On Equity (0) |
The market value of Magic Empire Global is measured differently than its book value, which is the value of Magic that is recorded on the company's balance sheet. Investors also form their own opinion of Magic Empire's value that differs from its market value or its book value, called intrinsic value, which is Magic Empire's 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 Magic Empire's market value can be influenced by many factors that don't directly affect Magic Empire's 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 Magic Empire's value and its price as these two are different measures arrived at by different means. Investors typically determine if Magic Empire is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Magic Empire's 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.
Magic Empire 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Magic Empire's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Magic Empire.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Magic Empire on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Magic Empire Global or generate 0.0% return on investment in Magic Empire over 30 days. Magic Empire is related to or competes with Netcapital, Applied Blockchain, Zhong Yang, Mercurity Fintech, and Lazard. Magic Empire Global Limited provides initial public offering sponsorship, financial and independent financial advisory, ... More
Magic Empire Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Magic Empire's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Magic Empire Global upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.53 | |||
| Information Ratio | 0.0261 | |||
| Maximum Drawdown | 30.98 | |||
| Value At Risk | (6.78) | |||
| Potential Upside | 11.11 |
Magic Empire Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Magic Empire's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Magic Empire's standard deviation. In reality, there are many statistical measures that can use Magic Empire historical prices to predict the future Magic Empire's volatility.| Risk Adjusted Performance | 0.0426 | |||
| Jensen Alpha | 0.1806 | |||
| Total Risk Alpha | (0.52) | |||
| Sortino Ratio | 0.0282 | |||
| Treynor Ratio | 0.339 |
Magic Empire Global Backtested Returns
Magic Empire appears to be out of control, given 3 months investment horizon. Magic Empire Global has Sharpe Ratio of 0.0502, which conveys that the firm had a 0.0502% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Magic Empire, which you can use to evaluate the volatility of the firm. Please exercise Magic Empire's Mean Deviation of 4.23, downside deviation of 5.53, and Risk Adjusted Performance of 0.0426 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Magic Empire holds a performance score of 3. The company secures a Beta (Market Risk) of 0.75, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Magic Empire's returns are expected to increase less than the market. However, during the bear market, the loss of holding Magic Empire is expected to be smaller as well. Please check Magic Empire's jensen alpha, semi variance, day typical price, as well as the relationship between the maximum drawdown and accumulation distribution , to make a quick decision on whether Magic Empire's current price movements will revert.
Auto-correlation | -0.7 |
Very good reverse predictability
Magic Empire Global has very good reverse predictability. Overlapping area represents the amount of predictability between Magic Empire time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Magic Empire Global price movement. The serial correlation of -0.7 indicates that around 70.0% of current Magic Empire price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.7 | |
| Spearman Rank Test | -0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Magic Empire Global lagged returns against current returns
Autocorrelation, which is Magic Empire stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Magic Empire's stock expected returns. We can calculate the autocorrelation of Magic Empire returns to help us make a trade decision. For example, suppose you find that Magic Empire has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Magic Empire regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Magic Empire stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Magic Empire stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Magic Empire stock over time.
Current vs Lagged Prices |
| Timeline |
Magic Empire Lagged Returns
When evaluating Magic Empire's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Magic Empire stock have on its future price. Magic Empire autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Magic Empire autocorrelation shows the relationship between Magic Empire stock current value and its past values and can show if there is a momentum factor associated with investing in Magic Empire Global.
Regressed Prices |
| Timeline |
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Magic Empire 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.