Multi Retail Book Value Per Share vs. Beta
| MRG Stock | 1,043 34.00 3.16% |
For Multi Retail profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Multi Retail to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Multi Retail Group utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Multi Retail's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Multi Retail Group over time as well as its relative position and ranking within its peers.
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Multi Retail Group Beta vs. Book Value Per Share Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Multi Retail's current stock value. Our valuation model uses many indicators to compare Multi Retail value to that of its competitors to determine the firm's financial worth. Multi Retail Group is rated below average in book value per share category among its peers. It is rated below average in beta category among its peers . Comparative valuation analysis is a catch-all model that can be used if you cannot value Multi Retail by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Multi Retail's Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.Multi Beta vs. Book Value Per Share
Book Value per Share (B/S) can be calculated by subtracting liabilities from assets, and then dividing it by the total number of currently outstanding shares. It indicates the level of safety associated with each common share after removing the effects of liabilities. In other words, a shareholder can use this ratio to see how much he or she can sell the stake in the company in the event of a liquidation.
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| = | 6.11 X |
The naive approach to look at Book Value per Share is to compare it to current stock price. If Book Value per Share is higher than the currently traded stock price, the company can be considered undervalued. However, investors must be aware that conventional calculation of Book Value does not include intangible assets such as goodwill, intellectual property, trademarks or brands and may not be an appropriate measure for many firms.
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.
Multi Retail |
| = | -0.66 |
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.
Multi Beta Comparison
Multi Retail is rated below average in beta category among its peers.
Beta Analysis
As returns on the market increase, returns on owning Multi Retail are expected to decrease at a much lower rate. During the bear market, Multi Retail is likely to outperform the market.
Multi Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Multi Retail. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Multi Retail position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Multi Retail's important profitability drivers and their relationship over time.
Use Multi Retail in pair-trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Multi Retail position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Multi Retail will appreciate offsetting losses from the drop in the long position's value.Multi Retail Pair Trading
Multi Retail Group Pair Trading Analysis
The ability to find closely correlated positions to Multi Retail could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Multi Retail when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Multi Retail - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Multi Retail Group to buy it.
The correlation of Multi Retail is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Multi Retail moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Multi Retail Group moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Multi Retail can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Use Investing Themes to Complement your Multi Retail position
In addition to having Multi Retail in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Broad Sovereign ETFs Thematic Idea Now
Broad Sovereign ETFs
ETF themes focus on helping investors to gain exposure to a broad range of assets, diversify, and lower overall costs. The Broad Sovereign ETFs theme has 14 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Broad Sovereign ETFs Theme or any other thematic opportunities.
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Other Information on Investing in Multi Stock
To fully project Multi Retail's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Multi Retail Group at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Multi Retail's income statement, its balance sheet, and the statement of cash flows.