Majic Competitors
| MJWL Stock | USD 0.0001 0.00 0.00% |
You can use the Comparative Equity Analysis module to analyze the advantages of investing in your portfolio's related equities across multiple sectors and thematic ideas. Please use the input box below to enter symbols for particular investments you would like to analyze. With the equity comparison module, you can estimate the relative effect of Majic Wheels competition on your existing holdings.
The value of Return On Tangible Assets is estimated to slide to -86.48. The value of Return On Capital Employed is expected to slide to 0.36. Net Tangible Assets is expected to rise to about (1.8 M) this year. The value of Return On Tangible Assets is estimated to slide to -86.48. Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Majic Wheels' 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.
Majic Wheels Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Majic Wheels and its competitors represents the degree of relationship between the price movements of corresponding stocks. A correlation of about +1.0 implies that the price of Majic and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Majic Wheels Corp does not affect the price movement of the other competitor.
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
High positive correlations
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between Majic Stock performing well and Majic Wheels Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Majic Wheels' multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| JPEX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ECEZ | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ECCI | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| GARB | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| FERN | 13.63 | 2.74 | 0.08 | (0.92) | 12.99 | 33.33 | 106.67 | |||
| AAPT | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| TONR | 8.82 | 1.98 | 0.00 | (1.07) | 0.00 | 50.00 | 133.33 | |||
| CYBL | 11.38 | 3.21 | 0.22 | 6.06 | 11.01 | 25.00 | 158.27 | |||
| KYNC | 9.78 | 1.67 | 0.08 | (1.09) | 9.06 | 20.00 | 65.08 |
Cross Equities Net Income Analysis
Compare Majic Wheels Corp and related stocks such as JPX Global, Ecosciences, and Ecoloclean Industrs Net Income Over Time
Select Fundamental| 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ECCI | (191.6 K) | (2.2 M) | (2.2 M) | (2.2 M) | (2.2 M) | (2.2 M) | (2.2 M) | (2.2 M) | (2.2 M) | (2.2 M) | (2.2 M) | (2.2 M) | (2.2 M) | (2.2 M) | (2 M) | (2.1 M) |
| CYBL | (700.1 K) | (846.3 K) | 138 K | (499.4 K) | (876.3 K) | (876.3 K) | (876.3 K) | (876.3 K) | (876.3 K) | 4.6 M | 2.8 M | 2.8 M | 2.8 M | 2.8 M | 3.3 M | 3.4 M |
Majic Wheels Corp and related stocks such as JPX Global, Ecosciences, and Ecoloclean Industrs Net Income description
Net income is one of the most important fundamental items in finance. It plays a large role in Majic Wheels Corp financial statement analysis. It represents the amount of money remaining after all of Majic Wheels Corp operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Majic Wheels Competitive Analysis
The better you understand Majic Wheels competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Majic Wheels' competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Majic Wheels' competition over several years is one of the best ways to analyze its investment potential.| Better Than Average | Worse Than Peers | View Performance Chart |
Majic Wheels Competition Performance Charts
Five steps to successful analysis of Majic Wheels Competition
Majic Wheels' competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Majic Wheels Corp in relation to its competition. Majic Wheels' competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of Majic Wheels in the market, both direct and indirect, as well as new entrants and disruptive technologies.
- Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
- Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Majic Wheels' competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Majic Wheels Corp, and developing a strategy to address them.
- Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
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 Driverless Cars Thematic Idea Now
Driverless Cars
It encompasses large technology companies, automotive makers, security firms, and thematic ETFs across multiple industries. These entities are directly or indirectly involved in shaping the development and marketing of self-driving vehicles. The Driverless Cars theme has 36 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 Driverless Cars Theme or any other thematic opportunities.
| View All Next | Launch |
Check out Majic Wheels Correlation with its peers. You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
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.
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.