Millennium Group International Stock Market Value
| MGIH Stock | 1.45 0.02 1.40% |
| Symbol | Millennium |
Millennium Group Int Price To Book Ratio
Is Diversified Metals & Mining 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 Millennium Group. If investors know Millennium 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 Millennium Group 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 (0.50) | Earnings Share (0.78) | Revenue Per Share 3.425 | Quarterly Revenue Growth (0.24) | Return On Assets (0.08) |
The market value of Millennium Group Int is measured differently than its book value, which is the value of Millennium that is recorded on the company's balance sheet. Investors also form their own opinion of Millennium Group's value that differs from its market value or its book value, called intrinsic value, which is Millennium Group'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 Millennium Group's market value can be influenced by many factors that don't directly affect Millennium Group'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 Millennium Group's value and its price as these two are different measures arrived at by different means. Investors typically determine if Millennium Group is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Millennium Group'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.
Millennium Group '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 Millennium Group'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 Millennium Group.
| 11/20/2024 |
| 12/20/2024 |
If you would invest 0.00 in Millennium Group on November 20, 2024 and sell it all today you would earn a total of 0.00 from holding Millennium Group International or generate 0.0% return on investment in Millennium Group over 30 days. Millennium Group is related to or competes with Joint Corp, American Eagle, Steven Madden, Zumiez, Amgen, Tandy Leather, and Skechers USA. Millennium Group is entity of United States More
Millennium Group 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 Millennium Group'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 Millennium Group International upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 16.29 | |||
| Value At Risk | (3.98) | |||
| Potential Upside | 4.4 |
Millennium Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Millennium Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Millennium Group's standard deviation. In reality, there are many statistical measures that can use Millennium Group historical prices to predict the future Millennium Group's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.21) | |||
| Total Risk Alpha | (0.32) | |||
| Treynor Ratio | 0.2769 |
Millennium Group Int Backtested Returns
Millennium Group Int has Sharpe Ratio of -0.0563, which conveys that the firm had a -0.0563% return per unit of risk over the last 3 months. Millennium Group exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Millennium Group's Standard Deviation of 3.09, risk adjusted performance of (0.05), and Mean Deviation of 2.36 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.81, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Millennium Group are expected to decrease at a much lower rate. During the bear market, Millennium Group is likely to outperform the market. At this point, Millennium Group Int has a negative expected return of -0.18%. Please make sure to verify Millennium Group's value at risk, as well as the relationship between the accumulation distribution and day typical price , to decide if Millennium Group Int performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.34 |
Below average predictability
Millennium Group International has below average predictability. Overlapping area represents the amount of predictability between Millennium Group time series from 20th of November 2024 to 5th of December 2024 and 5th of December 2024 to 20th of December 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 Millennium Group Int price movement. The serial correlation of 0.34 indicates that nearly 34.0% of current Millennium Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.34 | |
| Spearman Rank Test | 0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Millennium Group Int lagged returns against current returns
Autocorrelation, which is Millennium Group 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 Millennium Group's stock expected returns. We can calculate the autocorrelation of Millennium Group returns to help us make a trade decision. For example, suppose you find that Millennium Group 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 |
Millennium Group 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 Millennium Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Millennium Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Millennium Group stock over time.
Current vs Lagged Prices |
| Timeline |
Millennium Group Lagged Returns
When evaluating Millennium Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Millennium Group stock have on its future price. Millennium Group 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, Millennium Group autocorrelation shows the relationship between Millennium Group stock current value and its past values and can show if there is a momentum factor associated with investing in Millennium Group International.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether Millennium Group Int offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Millennium Group's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Millennium Group International Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Millennium Group International Stock:Check out Millennium Group Correlation, Millennium Group Volatility and Millennium Group Alpha and Beta module to complement your research on Millennium Group. You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.
Millennium Group 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.