Majic Wheels Earnings Per Share vs. Price To Earning
| MJWL Stock | USD 0.0001 0.00 0.00% |
| Current Value | Last Year | Change From Last Year | 10 Year Trend | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Return On Equity | 0.75 | 0.79 |
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For Majic Wheels profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Majic Wheels to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Majic Wheels Corp utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Majic Wheels's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Majic Wheels Corp over time as well as its relative position and ranking within its peers.
Majic |
Is Environmental & Facilities Services 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 Majic Wheels. If investors know Majic 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 Majic Wheels listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.01) | Revenue Per Share 0.001 | Quarterly Revenue Growth 0.558 |
The market value of Majic Wheels Corp is measured differently than its book value, which is the value of Majic that is recorded on the company's balance sheet. Investors also form their own opinion of Majic Wheels' value that differs from its market value or its book value, called intrinsic value, which is Majic Wheels' 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 Majic Wheels' market value can be influenced by many factors that don't directly affect Majic Wheels' 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 Majic Wheels' value and its price as these two are different measures arrived at by different means. Investors typically determine if Majic Wheels is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Majic Wheels' 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.
Majic Wheels Corp Price To Earning vs. Earnings Per Share Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Majic Wheels's current stock value. Our valuation model uses many indicators to compare Majic Wheels value to that of its competitors to determine the firm's financial worth. Majic Wheels Corp is rated below average in earnings per share category among its peers. It is rated below average in price to earning category among its peers . Comparative valuation analysis is a catch-all technique that is used if you cannot value Majic Wheels by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.Majic Price To Earning vs. Earnings Per Share
Earnings per Share (EPS) denotes the portion of a company's earnings that is allocated to each share of common stock. To calculate Earnings per Share investors will need to take a company's net income, subtract any dividends for preferred stock, and divide it by the number of average outstanding shares. EPS is usually presented in two different ways: basic and diluted. Fully diluted Earnings per Share takes into account effects of warrants, options, and convertible securities and is generally viewed by analysts as a more accurate measure.
Majic Wheels |
| = | (0.01) X |
Earnings per Share is one of the most critical measures of the firm's current share price and is used by investors to determine the overall company profitability, especially when compared to the EPS of similar companies.
Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
Majic Wheels |
| = | (0.01) X |
Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.
Majic Price To Earning Comparison
Majic Wheels is currently under evaluation in price to earning category among its peers.
Majic Wheels Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Majic Wheels, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Majic Wheels will eventually generate negative long term returns. The profitability progress is the general direction of Majic Wheels' change in net profit over the period of time. It can combine multiple indicators of Majic Wheels, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
| Last Reported | Projected for Next Year | ||
| Operating Income | -636.9 K | -605.1 K | |
| Net Loss | -1.3 M | -1.2 M | |
| Net Loss | -1.3 M | -1.2 M | |
| Income Before Tax | -1.2 M | -1.2 M | |
| Total Other Income Expense Net | -601.6 K | -571.5 K | |
| Net Loss | -1.3 M | -1.2 M | |
| Income Tax Expense | 96.7 K | 101.5 K | |
| Change To Netincome | 768.7 K | 807.2 K | |
| Net Loss | (0.01) | (0.01) | |
| Income Quality | 0.56 | 0.59 | |
| Net Income Per E B T | 0.95 | 0.84 |
Majic Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Majic Wheels. 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 Majic Wheels 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 Majic Wheels' important profitability drivers and their relationship over time.
Use Majic Wheels 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 Majic Wheels 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 Majic Wheels will appreciate offsetting losses from the drop in the long position's value.Majic Wheels Pair Trading
Majic Wheels Corp Pair Trading Analysis
The ability to find closely correlated positions to Majic Wheels could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Majic Wheels 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 Majic Wheels - 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 Majic Wheels Corp to buy it.
The correlation of Majic Wheels 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 Majic Wheels moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Majic Wheels Corp 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 Majic Wheels 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 Majic Wheels position
In addition to having Majic Wheels 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 Banks Thematic Idea Now
Banks
Large and small money and credit banks and credit services. The Banks theme has 37 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 Banks Theme or any other thematic opportunities.
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Check out Correlation Analysis. You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
To fully project Majic Wheels' future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Majic Wheels Corp 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 Majic Wheels' income statement, its balance sheet, and the statement of cash flows.