Macys Inc Stock Price on October 31, 2023
| M Stock | USD 19.58 0.06 0.31% |
If you're considering investing in Macys Stock, it is important to understand the factors that can impact its price. As of today, the current price of Macys stands at 19.58, as last reported on the 7th of May, with the highest price reaching 19.86 and the lowest price hitting 19.35 during the day. We consider Macys not too volatile. Macys Inc has Sharpe Ratio of 0.0448, which conveys that the firm had a 0.0448% return per unit of risk over the last 3 months. We have found thirty technical indicators for Macys, which you can use to evaluate the volatility of the firm. Please verify Macys' Mean Deviation of 2.17, risk adjusted performance of 0.0359, and Downside Deviation of 2.6 to check out if the risk estimate we provide is consistent with the expected return of 0.14%.
Macys Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Macys |
Sharpe Ratio = 0.0448
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Estimated Market Risk
| 3.02 actual daily | 26 74% of assets are more volatile |
Expected Return
| 0.14 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.04 actual daily | 3 97% of assets perform better |
Based on monthly moving average Macys is performing at about 3% of its full potential. 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 Macys by adding it to a well-diversified portfolio.
Macys Valuation on October 31, 2023
It is possible to determine the worth of Macys on a given historical date. On October 31, 2023 Macys was worth 11.94 at the beginning of the trading date compared to the closed value of 11.98. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Macys stock. Still, in general, we apply an absolute valuation method to find Macys' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Macys where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Macys' related companies.
| Open | High | Low | Close | Volume | |
| 11.84 | 12.11 | 11.73 | 11.82 | 6,745,534 | |
10/31/2023 | 11.94 | 12.24 | 11.82 | 11.98 | 8,133,406 |
| 12.18 | 12.19 | 11.77 | 11.86 | 8,556,483 |
| Backtest Macys | | | Macys History | | | Macys Valuation | Previous | Next |
Macys Trading Date Momentum on October 31, 2023
| On November 01 2023 Macys Inc was traded for 11.86 at the closing time. The highest price during the trading period was 12.19 and the lowest recorded bid was listed for 11.77 . The volume for the day was 8.6 M. This history from November 1, 2023 contributed to the next trading day price decline. The trading delta at closing time to the next closing price was 1.00% . The trading delta at closing time to the current price is 7.26% . |
Macys Inc Fundamentals Correlations and Trends
By evaluating Macys' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Macys' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Macys financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Macys Stock history
Macys investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Macys is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Macys Inc will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Macys stock prices may prove useful in developing a viable investing in Macys
Macys, Inc., an omni-channel retail organization, operates stores, Websites, and mobile applications. Macys, Inc. was founded in 1830 and is based in New York, New York. Macys operates under Department Stores classification in the United States and is traded on New York Stock Exchange. It employs 88857 people.
Macys Stock Technical Analysis
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.
Price Boundaries
Macys Period Price Range
Low | October 31, 2023
| High |
11.94 | 11.98 |
Macys May 7, 2024 Market Strength
Market strength indicators help investors to evaluate how Macys stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Macys shares will generate the highest return on investment. By undertsting and applying Macys stock market strength indicators, traders can identify Macys Inc entry and exit signals to maximize returns
Macys Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Macys' price direction in advance. Along with the technical and fundamental analysis of Macys Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Macys to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0359 | |||
| Jensen Alpha | 0.0277 | |||
| Total Risk Alpha | (0.19) | |||
| Sortino Ratio | 0.023 | |||
| Treynor Ratio | 0.0838 |
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| Volume Indicators |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Macys Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population. You can also try the Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.
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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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.
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.