Macys Inc Stock Market Value
| M Stock | USD 19.01 0.02 0.11% |
| Symbol | Macys |
Macys Inc Price To Book Ratio
Is Macys' industry 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 Macys. If investors know Macys 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 Macys 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 (0.61) | Dividend Share 0.662 | Earnings Share 0.38 | Revenue Per Share 87.039 | Quarterly Revenue Growth (0.02) |
The market value of Macys Inc is measured differently than its book value, which is the value of Macys that is recorded on the company's balance sheet. Investors also form their own opinion of Macys' value that differs from its market value or its book value, called intrinsic value, which is Macys' 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 Macys' market value can be influenced by many factors that don't directly affect Macys' 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 Macys' value and its price as these two are different measures arrived at by different means. Investors typically determine if Macys is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Macys' 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.
Macys '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 Macys' 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 Macys.
| 03/19/2024 |
| 04/18/2024 |
If you would invest 0.00 in Macys on March 19, 2024 and sell it all today you would earn a total of 0.00 from holding Macys Inc or generate 0.0% return on investment in Macys over 30 days. Macys is related to or competes with Marks Spencer, Marks, Dillards Capital, Companhia Brasileira, and PT Mitra. Macys, Inc., an omni-channel retail organization, operates stores, Websites, and mobile applications More
Macys 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 Macys' 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 Macys Inc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.44 | |||
| Information Ratio | 0.0122 | |||
| Maximum Drawdown | 16.71 | |||
| Value At Risk | (3.16) | |||
| Potential Upside | 3.97 |
Macys Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Macys' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Macys' standard deviation. In reality, there are many statistical measures that can use Macys historical prices to predict the future Macys' volatility.| Risk Adjusted Performance | 0.0275 | |||
| Jensen Alpha | 0.0107 | |||
| Total Risk Alpha | (0.13) | |||
| Sortino Ratio | 0.0146 | |||
| Treynor Ratio | 0.0524 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Macys' 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.
Macys Inc Backtested Returns
We consider Macys not too volatile. Macys Inc has Sharpe Ratio of 0.0594, which conveys that the firm had a 0.0594% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Macys, which you can use to evaluate the volatility of the firm. Please verify Macys' Mean Deviation of 2.08, risk adjusted performance of 0.0275, and Downside Deviation of 2.44 to check out if the risk estimate we provide is consistent with the expected return of 0.18%. Macys has a performance score of 4 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 1.55, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Macys will likely underperform. Macys Inc right now secures a risk of 2.95%. Please verify Macys Inc value at risk, and the relationship between the jensen alpha and skewness , to decide if Macys Inc will be following its current price movements.
Auto-correlation | -0.5 |
Modest reverse predictability
Macys Inc has modest reverse predictability. Overlapping area represents the amount of predictability between Macys time series from 19th of March 2024 to 3rd of April 2024 and 3rd of April 2024 to 18th of April 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 Macys Inc price movement. The serial correlation of -0.5 indicates that about 50.0% of current Macys price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.5 | |
| Spearman Rank Test | -0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 0.29 |
Macys Inc lagged returns against current returns
Autocorrelation, which is Macys 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 Macys' stock expected returns. We can calculate the autocorrelation of Macys returns to help us make a trade decision. For example, suppose you find that Macys 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 |
Macys 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 Macys stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Macys stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Macys stock over time.
Current vs Lagged Prices |
| Timeline |
Macys Lagged Returns
When evaluating Macys' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Macys stock have on its future price. Macys 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, Macys autocorrelation shows the relationship between Macys stock current value and its past values and can show if there is a momentum factor associated with investing in Macys Inc.
Regressed Prices |
| Timeline |
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Complementary Tools for Macys Stock analysis
When running Macys' price analysis, check to measure Macys' 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 Macys is operating at the current time. Most of Macys' value examination focuses on studying past and present price action to predict the probability of Macys' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Macys' price. Additionally, you may evaluate how the addition of Macys to your portfolios can decrease your overall portfolio volatility.
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Macys 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.