Magindustries Corp Stock Market Value
| MAAFF Stock | USD 0.0001 0.00 0.00% |
| Symbol | MagIndustries |
MagIndustries Corp Price To Book Ratio
Is Paper & Forest Products 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 MagIndustries Corp. If investors know MagIndustries 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 MagIndustries Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of MagIndustries Corp is measured differently than its book value, which is the value of MagIndustries that is recorded on the company's balance sheet. Investors also form their own opinion of MagIndustries Corp's value that differs from its market value or its book value, called intrinsic value, which is MagIndustries Corp'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 MagIndustries Corp's market value can be influenced by many factors that don't directly affect MagIndustries Corp'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 MagIndustries Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if MagIndustries Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MagIndustries Corp'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.
MagIndustries Corp '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 MagIndustries Corp'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 MagIndustries Corp.
| 12/07/2024 |
| 01/06/2025 |
If you would invest 0.00 in MagIndustries Corp on December 7, 2024 and sell it all today you would earn a total of 0.00 from holding MagIndustries Corp or generate 0.0% return on investment in MagIndustries Corp over 30 days. MagIndustries Corp is related to or competes with Intrepid Potash, American Vanguard, CF Industries, Mosaic, Nutrien, Corteva, and FMC. MagIndustries Corp. engages in mineral and forestry businesses in Canada More
MagIndustries Corp 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 MagIndustries Corp'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 MagIndustries Corp upside and downside potential and time the market with a certain degree of confidence.
MagIndustries Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MagIndustries Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MagIndustries Corp's standard deviation. In reality, there are many statistical measures that can use MagIndustries Corp historical prices to predict the future MagIndustries Corp's volatility.MagIndustries Corp Backtested Returns
We have found three technical indicators for MagIndustries Corp, which you can use to evaluate the volatility of the firm. The company secures a Beta (Market Risk) of 0.0, which conveys not very significant fluctuations relative to the market. the returns on MARKET and MagIndustries Corp are completely uncorrelated.
Auto-correlation | 0.00 |
No correlation between past and present
MagIndustries Corp has no correlation between past and present. Overlapping area represents the amount of predictability between MagIndustries Corp time series from 7th of December 2024 to 22nd of December 2024 and 22nd of December 2024 to 6th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of MagIndustries Corp price movement. The serial correlation of 0.0 indicates that just 0.0% of current MagIndustries Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
MagIndustries Corp lagged returns against current returns
Autocorrelation, which is MagIndustries Corp 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 MagIndustries Corp's stock expected returns. We can calculate the autocorrelation of MagIndustries Corp returns to help us make a trade decision. For example, suppose you find that MagIndustries Corp 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 |
MagIndustries Corp 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 MagIndustries Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MagIndustries Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MagIndustries Corp stock over time.
Current vs Lagged Prices |
| Timeline |
MagIndustries Corp Lagged Returns
When evaluating MagIndustries Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MagIndustries Corp stock have on its future price. MagIndustries Corp 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, MagIndustries Corp autocorrelation shows the relationship between MagIndustries Corp stock current value and its past values and can show if there is a momentum factor associated with investing in MagIndustries Corp.
Regressed Prices |
| Timeline |
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Check out MagIndustries Corp Correlation, MagIndustries Corp Volatility and MagIndustries Corp Alpha and Beta module to complement your research on MagIndustries Corp. For more detail on how to invest in MagIndustries Stock please use our How to Invest in MagIndustries Corp guide.You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
MagIndustries Corp 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.