Major Drilling Group Stock Performance
| MDI Stock | CAD 7.91 0.21 2.73% |
The company secures a Beta (Market Risk) of 0.95, which conveys possible diversification benefits within a given portfolio. Major Drilling returns are very sensitive to returns on the market. As the market goes up or down, Major Drilling is expected to follow. At this point, Major Drilling Group has a negative expected return of -0.0569%. Please make sure to verify Major Drilling's total risk alpha, accumulation distribution, period momentum indicator, as well as the relationship between the potential upside and day median price , to decide if Major Drilling Group performance from the past will be repeated at some point in the near future.
Risk-Adjusted Performance
Very Weak
Weak | Strong |
Over the last 90 days Major Drilling Group has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of very healthy forward indicators, Major Drilling is not utilizing all of its potentials. The recent stock price disarray, may contribute to short-term losses for the investors. ...more
Last Split Factor 3:1 | Dividend Date 2015-11-02 | Ex Dividend Date 2015-10-07 | Last Split Date 2011-03-21 |
1 | Closing Bell Major Drilling Grp Down On Thursday - Barchart | 01/02/2025 |
2 | How To Trade - Stock Traders Daily | 02/20/2025 |
3 | Advanced Equity Analysis - Stock Traders Daily | 02/28/2025 |
4 | On The My Stocks Page - Stock Traders Daily | 03/20/2025 |
| Begin Period Cash Flow | 94.4 M | |
| Free Cash Flow | 38.5 M |
Major |
Major Drilling Relative Risk vs. Return Landscape
If you would invest 834.00 in Major Drilling Group on December 24, 2024 and sell it today you would lose (43.00) from holding Major Drilling Group or give up 5.16% of portfolio value over 90 days. Major Drilling Group is producing return of less than zero assuming 2.3791% volatility of returns over the 90 days investment horizon. Simply put, 21% of all stocks have less volatile historical return distribution than Major Drilling, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Major Drilling Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Major Drilling's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Major Drilling Group, and traders can use it to determine the average amount a Major Drilling's 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 = -0.0239
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| Negative Returns | MDI |
Estimated Market Risk
| 2.38 actual daily | 21 79% of assets are more volatile |
Expected Return
| -0.06 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.02 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Major Drilling 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 Major Drilling by adding Major Drilling to a well-diversified portfolio.
Major Drilling Fundamentals Growth
Major Stock prices reflect investors' perceptions of the future prospects and financial health of Major Drilling, and Major Drilling 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 Major Stock performance.
| Return On Equity | 0.0687 | ||||
| Return On Asset | 0.0466 | ||||
| Profit Margin | 0.05 % | ||||
| Operating Margin | (0.05) % | ||||
| Current Valuation | 606.64 M | ||||
| Shares Outstanding | 81.84 M | ||||
| Price To Book | 1.17 X | ||||
| Price To Sales | 0.89 X | ||||
| Revenue | 706.69 M | ||||
| Gross Profit | 135.26 M | ||||
| EBITDA | 125.22 M | ||||
| Net Income | 53.09 M | ||||
| Cash And Equivalents | 29.07 M | ||||
| Cash Per Share | 0.36 X | ||||
| Total Debt | 4.72 M | ||||
| Debt To Equity | 0.12 % | ||||
| Current Ratio | 3.62 X | ||||
| Book Value Per Share | 6.57 X | ||||
| Cash Flow From Operations | 112.03 M | ||||
| Earnings Per Share | 0.42 X | ||||
| Market Capitalization | 630.2 M | ||||
| Total Asset | 612.18 M | ||||
| Retained Earnings | 151.74 M | ||||
| Working Capital | 241.76 M | ||||
| Current Asset | 190.67 M | ||||
| Current Liabilities | 44.22 M | ||||
About Major Drilling Performance
By examining Major Drilling's fundamental ratios, stakeholders can obtain critical insights into Major Drilling's 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 Major Drilling 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 | ||
| Days Of Inventory On Hand | 83.80 | 106.93 | |
| Return On Tangible Assets | 0.10 | 0.11 | |
| Return On Capital Employed | 0.19 | 0.10 | |
| Return On Assets | 0.10 | 0.10 | |
| Return On Equity | 0.12 | 0.13 |
Things to note about Major Drilling Group performance evaluation
Checking the ongoing alerts about Major Drilling for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Major Drilling Group help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Major Drilling Group generated a negative expected return over the last 90 days | |
| Major Drilling Group is unlikely to experience financial distress in the next 2 years | |
| Latest headline from news.google.com: On The My Stocks Page - Stock Traders Daily |
- Analyzing Major Drilling's 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 Major Drilling's stock is overvalued or undervalued compared to its peers.
- Examining Major Drilling's 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 Major Drilling's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Major Drilling's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Major Drilling's stock. These opinions can provide insight into Major Drilling's potential for growth and whether the stock is currently undervalued or overvalued.
Other Information on Investing in Major Stock
Major Drilling financial ratios help investors to determine whether Major Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Major with respect to the benefits of owning Major Drilling security.