Magnachip Semiconductor Stock Market Value
| MX Stock | USD 4.32 0.07 1.65% |
| Symbol | MagnaChip |
MagnaChip Semiconductor Price To Book Ratio
Is Semiconductors & Semiconductor Equipment 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 MagnaChip Semiconductor. If investors know MagnaChip 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 MagnaChip Semiconductor 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 (0.95) | Earnings Share (1.16) | Revenue Per Share 5.739 | Quarterly Revenue Growth 0.085 | Return On Assets (0.08) |
The market value of MagnaChip Semiconductor is measured differently than its book value, which is the value of MagnaChip that is recorded on the company's balance sheet. Investors also form their own opinion of MagnaChip Semiconductor's value that differs from its market value or its book value, called intrinsic value, which is MagnaChip Semiconductor'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 MagnaChip Semiconductor's market value can be influenced by many factors that don't directly affect MagnaChip Semiconductor'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 MagnaChip Semiconductor's value and its price as these two are different measures arrived at by different means. Investors typically determine if MagnaChip Semiconductor is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MagnaChip Semiconductor'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.
MagnaChip Semiconductor '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 MagnaChip Semiconductor'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 MagnaChip Semiconductor.
| 06/10/2023 |
| 12/01/2024 |
If you would invest 0.00 in MagnaChip Semiconductor on June 10, 2023 and sell it all today you would earn a total of 0.00 from holding MagnaChip Semiconductor or generate 0.0% return on investment in MagnaChip Semiconductor over 540 days. MagnaChip Semiconductor is related to or competes with NXP Semiconductors, GSI Technology, MaxLinear, and Texas Instruments. Magnachip Semiconductor Corporation, together with its subsidiaries, designs, manufactures, and supplies analog and mixe... More
MagnaChip Semiconductor 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 MagnaChip Semiconductor'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 MagnaChip Semiconductor upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 17.81 | |||
| Value At Risk | (3.81) | |||
| Potential Upside | 4.02 |
MagnaChip Semiconductor Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MagnaChip Semiconductor's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MagnaChip Semiconductor's standard deviation. In reality, there are many statistical measures that can use MagnaChip Semiconductor historical prices to predict the future MagnaChip Semiconductor's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.59) | |||
| Treynor Ratio | (0.41) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of MagnaChip Semiconductor's 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.
MagnaChip Semiconductor Backtested Returns
MagnaChip Semiconductor has Sharpe Ratio of -0.014, which conveys that the firm had a -0.014% return per unit of risk over the last 3 months. MagnaChip Semiconductor exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify MagnaChip Semiconductor's Standard Deviation of 2.79, risk adjusted performance of (0.02), and Mean Deviation of 1.88 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.29, which conveys not very significant fluctuations relative to the market. As returns on the market increase, MagnaChip Semiconductor's returns are expected to increase less than the market. However, during the bear market, the loss of holding MagnaChip Semiconductor is expected to be smaller as well. At this point, MagnaChip Semiconductor has a negative expected return of -0.0387%. Please make sure to verify MagnaChip Semiconductor's value at risk, as well as the relationship between the rate of daily change and relative strength index , to decide if MagnaChip Semiconductor performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.75 |
Good predictability
MagnaChip Semiconductor has good predictability. Overlapping area represents the amount of predictability between MagnaChip Semiconductor time series from 10th of June 2023 to 6th of March 2024 and 6th of March 2024 to 1st 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 MagnaChip Semiconductor price movement. The serial correlation of 0.75 indicates that around 75.0% of current MagnaChip Semiconductor price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.75 | |
| Spearman Rank Test | 0.77 | |
| Residual Average | 0.0 | |
| Price Variance | 0.19 |
MagnaChip Semiconductor lagged returns against current returns
Autocorrelation, which is MagnaChip Semiconductor 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 MagnaChip Semiconductor's stock expected returns. We can calculate the autocorrelation of MagnaChip Semiconductor returns to help us make a trade decision. For example, suppose you find that MagnaChip Semiconductor 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 |
MagnaChip Semiconductor 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 MagnaChip Semiconductor stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MagnaChip Semiconductor stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MagnaChip Semiconductor stock over time.
Current vs Lagged Prices |
| Timeline |
MagnaChip Semiconductor Lagged Returns
When evaluating MagnaChip Semiconductor's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MagnaChip Semiconductor stock have on its future price. MagnaChip Semiconductor 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, MagnaChip Semiconductor autocorrelation shows the relationship between MagnaChip Semiconductor stock current value and its past values and can show if there is a momentum factor associated with investing in MagnaChip Semiconductor.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for MagnaChip Stock Analysis
When running MagnaChip Semiconductor's price analysis, check to measure MagnaChip Semiconductor's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy MagnaChip Semiconductor is operating at the current time. Most of MagnaChip Semiconductor's value examination focuses on studying past and present price action to predict the probability of MagnaChip Semiconductor's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move MagnaChip Semiconductor's price. Additionally, you may evaluate how the addition of MagnaChip Semiconductor to your portfolios can decrease your overall portfolio volatility.