Majic Wheels Corp Stock Market Value
| MJWL Stock | USD 0.0001 0.00 0.00% |
| Symbol | Majic |
Majic Wheels Corp Price To Book Ratio
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.
Majic Wheels '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 Majic Wheels' 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 Majic Wheels.
| 12/04/2022 |
| 11/23/2024 |
If you would invest 0.00 in Majic Wheels on December 4, 2022 and sell it all today you would earn a total of 0.00 from holding Majic Wheels Corp or generate 0.0% return on investment in Majic Wheels over 720 days. Majic Wheels is related to or competes with BluMetric Environmental, and BQE Water. Majic Wheels Corp. focuses on disruptive industries of Fintech and software development by means of acquisitions More
Majic Wheels 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 Majic Wheels' 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 Majic Wheels Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 108.33 |
Majic Wheels Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Majic Wheels' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Majic Wheels' standard deviation. In reality, there are many statistical measures that can use Majic Wheels historical prices to predict the future Majic Wheels' volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.48) | |||
| Total Risk Alpha | (2.24) | |||
| Treynor Ratio | 0.4739 |
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 Corp Backtested Returns
Majic Wheels Corp has Sharpe Ratio of -0.0631, which conveys that the firm had a -0.0631% 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' Mean Deviation of 2.25, standard deviation of 10.16, and Risk Adjusted Performance of (0.04) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -1.35, which conveys a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Majic Wheels are expected to decrease by larger amounts. On the other hand, during market turmoil, Majic Wheels is expected to outperform it. At this point, Majic Wheels Corp has a negative expected return of -0.65%. Please make sure to verify Majic Wheels' standard deviation and skewness , to decide if Majic Wheels Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.69 |
Good predictability
Majic Wheels Corp has good predictability. Overlapping area represents the amount of predictability between Majic Wheels time series from 4th of December 2022 to 29th of November 2023 and 29th of November 2023 to 23rd 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 Majic Wheels Corp price movement. The serial correlation of 0.69 indicates that around 69.0% of current Majic Wheels price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.69 | |
| Spearman Rank Test | 0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Majic Wheels Corp lagged returns against current returns
Autocorrelation, which is Majic Wheels 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 Majic Wheels' stock expected returns. We can calculate the autocorrelation of Majic Wheels returns to help us make a trade decision. For example, suppose you find that Majic Wheels 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 |
Majic Wheels 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 Majic Wheels stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Majic Wheels stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Majic Wheels stock over time.
Current vs Lagged Prices |
| Timeline |
Majic Wheels Lagged Returns
When evaluating Majic Wheels' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Majic Wheels stock have on its future price. Majic Wheels 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, Majic Wheels autocorrelation shows the relationship between Majic Wheels stock current value and its past values and can show if there is a momentum factor associated with investing in Majic Wheels Corp.
Regressed Prices |
| Timeline |
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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.