Marygold Companies Stock Market Value
| MGLD Stock | USD 1.49 0.01 0.68% |
| Symbol | Marygold |
Marygold Companies 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 Marygold Companies. If investors know Marygold 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 Marygold Companies 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 (0.72) | Earnings Share (0.13) | Revenue Per Share 0.823 | Quarterly Revenue Growth (0.04) | Return On Assets (0.13) |
The market value of Marygold Companies is measured differently than its book value, which is the value of Marygold that is recorded on the company's balance sheet. Investors also form their own opinion of Marygold Companies' value that differs from its market value or its book value, called intrinsic value, which is Marygold Companies' 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 Marygold Companies' market value can be influenced by many factors that don't directly affect Marygold Companies' 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 Marygold Companies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Marygold Companies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Marygold Companies' 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.
Marygold Companies '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 Marygold Companies' 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 Marygold Companies.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Marygold Companies on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Marygold Companies or generate 0.0% return on investment in Marygold Companies over 30 days. Marygold Companies is related to or competes with MFS Investment, Invesco High, Eaton Vance, Nuveen California, Federated Premier, and Blackrock Muniholdings. The Marygold Companies Inc., through its subsidiaries, engages in investment fund management, beauty products, food prod... More
Marygold Companies 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 Marygold Companies' 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 Marygold Companies upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 7.18 | |||
| Information Ratio | (0.0004) | |||
| Maximum Drawdown | 35.47 | |||
| Value At Risk | (11.11) | |||
| Potential Upside | 16.07 |
Marygold Companies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Marygold Companies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Marygold Companies' standard deviation. In reality, there are many statistical measures that can use Marygold Companies historical prices to predict the future Marygold Companies' volatility.| Risk Adjusted Performance | 0.0216 | |||
| Jensen Alpha | 0.1698 | |||
| Total Risk Alpha | (1.10) | |||
| Sortino Ratio | (0.0005) | |||
| Treynor Ratio | (0.27) |
Marygold Companies Backtested Returns
At this point, Marygold Companies is abnormally volatile. Marygold Companies has Sharpe Ratio of 0.0121, which conveys that the firm had a 0.0121% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Marygold Companies, which you can use to evaluate the volatility of the firm. Please verify Marygold Companies' Downside Deviation of 7.18, mean deviation of 5.08, and Risk Adjusted Performance of 0.0216 to check out if the risk estimate we provide is consistent with the expected return of 0.0961%. The company secures a Beta (Market Risk) of -0.43, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Marygold Companies are expected to decrease at a much lower rate. During the bear market, Marygold Companies is likely to outperform the market. Marygold Companies right now secures a risk of 7.94%. Please verify Marygold Companies expected short fall, day median price, and the relationship between the potential upside and accumulation distribution , to decide if Marygold Companies will be following its current price movements.
Auto-correlation | -0.13 |
Insignificant reverse predictability
Marygold Companies has insignificant reverse predictability. Overlapping area represents the amount of predictability between Marygold Companies time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 Marygold Companies price movement. The serial correlation of -0.13 indicates that less than 13.0% of current Marygold Companies price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.13 | |
| Spearman Rank Test | 0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Marygold Companies lagged returns against current returns
Autocorrelation, which is Marygold Companies 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 Marygold Companies' stock expected returns. We can calculate the autocorrelation of Marygold Companies returns to help us make a trade decision. For example, suppose you find that Marygold Companies 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 |
Marygold Companies 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 Marygold Companies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Marygold Companies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Marygold Companies stock over time.
Current vs Lagged Prices |
| Timeline |
Marygold Companies Lagged Returns
When evaluating Marygold Companies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Marygold Companies stock have on its future price. Marygold Companies 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, Marygold Companies autocorrelation shows the relationship between Marygold Companies stock current value and its past values and can show if there is a momentum factor associated with investing in Marygold Companies.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Marygold Companies is a strong investment it is important to analyze Marygold Companies' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Marygold Companies' future performance. For an informed investment choice regarding Marygold Stock, refer to the following important reports:Check out Marygold Companies Correlation, Marygold Companies Volatility and Marygold Companies Alpha and Beta module to complement your research on Marygold Companies. For information on how to trade Marygold Stock refer to our How to Trade Marygold Stock guide.You can also try the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.
Marygold Companies 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.