Magic Empire Global Stock Beta
| MEGL Stock | USD 0.52 0.01 1.96% |
Magic Empire Global fundamentals help investors to digest information that contributes to Magic Empire's financial success or failures. It also enables traders to predict the movement of Magic Stock. The fundamental analysis module provides a way to measure Magic Empire's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Magic Empire stock.
Magic | Beta |
Magic Empire Global Company Beta Analysis
Magic Empire's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current Magic Empire Beta | 2.95 |
Most of Magic Empire's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Magic Empire Global is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Magic Beta Driver Correlations
Understanding the fundamental principles of building solid financial models for Magic Empire is extremely important. It helps to project a fair market value of Magic Stock properly, considering its historical fundamentals such as Beta. Since Magic Empire's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Magic Empire's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Magic Empire's interrelated accounts and indicators.
Click cells to compare fundamentals
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
| Competition |
In accordance with the recently published financial statements, Magic Empire Global has a Beta of 2.95. This is 259.76% higher than that of the Capital Markets sector and 26.07% higher than that of the Financials industry. The beta for all United States stocks is notably lower than that of the firm.
Magic Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Magic Empire's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Magic Empire could also be used in its relative valuation, which is a method of valuing Magic Empire by comparing valuation metrics of similar companies.Magic Empire is currently under evaluation in beta category among its peers.
Magic Empire Institutional Holders
Institutional Holdings refers to the ownership stake in Magic Empire that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Magic Empire's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Magic Empire's value.| Shares | Citadel Advisors Llc | 2024-06-30 | 36.7 K | Ubs Group Ag | 2024-06-30 | 22.6 K | Hrt Financial Llc | 2024-06-30 | 15.7 K | Morgan Stanley - Brokerage Accounts | 2024-06-30 | 4.7 K | Renaissance Technologies Corp | 2024-03-31 | 0.0 | Virtu Financial Llc | 2024-06-30 | 0.0 | Northwestern Mutual Wealth Management Co | 2024-06-30 | 0.0 |
As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Magic Empire will likely underperform.
Magic Fundamentals
| Return On Equity | -0.0036 | ||||
| Return On Asset | -0.0034 | ||||
| Profit Margin | (0.04) % | ||||
| Operating Margin | (0.22) % | ||||
| Current Valuation | (1.2 M) | ||||
| Shares Outstanding | 20.26 M | ||||
| Shares Owned By Insiders | 52.41 % | ||||
| Shares Owned By Institutions | 0.43 % | ||||
| Number Of Shares Shorted | 82.78 K | ||||
| Price To Earning | 250.00 X | ||||
| Price To Book | 0.61 X | ||||
| Price To Sales | 0.76 X | ||||
| Revenue | 13.79 M | ||||
| Gross Profit | 15.81 M | ||||
| EBITDA | 3.72 M | ||||
| Net Income | (483.81 K) | ||||
| Cash And Equivalents | 11.69 M | ||||
| Cash Per Share | 0.78 X | ||||
| Total Debt | 1.75 M | ||||
| Debt To Equity | 2.97 % | ||||
| Current Ratio | 1.20 X | ||||
| Book Value Per Share | 6.63 X | ||||
| Cash Flow From Operations | 94.49 K | ||||
| Short Ratio | 0.62 X | ||||
| Beta | 2.95 | ||||
| Market Capitalization | 10.46 M | ||||
| Total Asset | 138.26 M | ||||
| Retained Earnings | (4.41 M) | ||||
| Working Capital | 92.27 M | ||||
| Net Asset | 138.26 M |
About Magic Empire Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Magic Empire Global's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Magic Empire using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Magic Empire Global based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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Try AI Portfolio ArchitectCheck out Magic Empire Piotroski F Score and Magic Empire Altman Z Score analysis. You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
Is Asset Management & Custody Banks 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 Magic Empire. If investors know Magic 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 Magic Empire 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 (0.64) | Revenue Per Share 0.681 | Quarterly Revenue Growth 1.302 | Return On Assets (0) | Return On Equity (0) |
The market value of Magic Empire Global is measured differently than its book value, which is the value of Magic that is recorded on the company's balance sheet. Investors also form their own opinion of Magic Empire's value that differs from its market value or its book value, called intrinsic value, which is Magic Empire'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 Magic Empire's market value can be influenced by many factors that don't directly affect Magic Empire'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 Magic Empire's value and its price as these two are different measures arrived at by different means. Investors typically determine if Magic Empire is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Magic Empire'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.