Majic Wheels Corp Stock Performance
| MJWL Stock | USD 0.0001 0.00 0.00% |
The company secures a Beta (Market Risk) of -1.36, 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 -0.66%. 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.
Risk-Adjusted Performance
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Over the last 90 days Majic Wheels Corp has generated negative risk-adjusted returns adding no value to investors with long positions. Despite unsteady performance in the last few months, the Stock's basic indicators remain quite persistent which may send shares a bit higher in December 2024. The latest mess may also be a sign of long-standing up-swing for the company institutional investors. ...more
Last Split Factor 2:1 | Last Split Date 2009-03-18 |
| Free Cash Flow | -80.3 K |
Majic |
Majic Wheels Relative Risk vs. Return Landscape
If you would invest 0.03 in Majic Wheels Corp on August 28, 2024 and sell it today you would lose (0.02) from holding Majic Wheels Corp or give up 66.67% of portfolio value over 90 days. Majic Wheels Corp is currently does not generate positive expected returns and assumes 10.402% risk (volatility on return distribution) over the 90 days horizon. In different words, 92% of stocks are less volatile than Majic, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
Majic Wheels Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Majic Wheels' investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Majic Wheels Corp, and traders can use it to determine the average amount a Majic Wheels' price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = -0.0636
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| Negative Returns | MJWL |
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.
Majic Wheels Fundamentals Growth
Majic Stock prices reflect investors' perceptions of the future prospects and financial health of Majic Wheels, and Majic Wheels fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Majic Stock performance.
| Operating Margin | (1.47) % | ||||
| Current Valuation | 390.67 K | ||||
| Shares Outstanding | 1.95 B | ||||
| Price To Earning | (0.01) X | ||||
| Price To Sales | 1.11 X | ||||
| EBITDA | (39.26 K) | ||||
| Net Income | (1.46 M) | ||||
| Cash And Equivalents | 8.3 K | ||||
| Total Debt | 290.12 K | ||||
| Current Ratio | 0.02 X | ||||
| Book Value Per Share | (0.01) X | ||||
| Cash Flow From Operations | (80.29 K) | ||||
| Earnings Per Share | (0.01) X | ||||
| Market Capitalization | 390.67 K |
About Majic Wheels Performance
By examining Majic Wheels' fundamental ratios, stakeholders can obtain critical insights into Majic Wheels' financial health, operational efficiency, and overall profitability. These insights assist in making well-informed investment and management decisions. For example, a high Return on Assets and Return on Equity would indicate that Majic Wheels is effectively utilizing its assets and equity to generate significant profits, enhancing its appeal to investors. On the other hand, low ROA and ROE values could reveal issues in asset and equity management, highlighting the need for operational improvements.
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | (82.36) | (86.48) | |
| Return On Capital Employed | 0.38 | 0.36 | |
| Return On Assets | (1.70) | (1.79) | |
| Return On Equity | 0.79 | 0.75 |
Things to note about Majic Wheels Corp performance evaluation
Checking the ongoing alerts about Majic Wheels for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Majic Wheels Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Majic Wheels Corp generated a negative expected return over the last 90 days | |
| Majic Wheels Corp has high historical volatility and very poor performance | |
| Majic Wheels Corp has some characteristics of a very speculative penny stock | |
| Majic Wheels Corp has a very high chance of going through financial distress in the upcoming years | |
| Majic Wheels Corp currently holds 290.12 K in liabilities. Majic Wheels Corp has a current ratio of 0.02, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Note, when we think about Majic Wheels' use of debt, we should always consider it together with its cash and equity. | |
| Net Loss for the year was (1.46 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Majic Wheels Corp currently holds about 8.3 K in cash with (80.29 K) of positive cash flow from operations. | |
| Majic Wheels Corp has a very weak financial position based on the latest SEC disclosures |
- Analyzing Majic Wheels' financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Majic Wheels' stock is overvalued or undervalued compared to its peers.
- Examining Majic Wheels' industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Majic Wheels' management team can have a significant impact on its success or failure. Reviewing the track record and experience of Majic Wheels' management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Majic Wheels' stock. These opinions can provide insight into Majic Wheels' potential for growth and whether the stock is currently undervalued or overvalued.
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 Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
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.