Millennium Group International Stock Price on May 6, 2024
| MGIH Stock | 1.38 0.02 1.43% |
If you're considering investing in Millennium Stock, it is important to understand the factors that can impact its price. As of today, the current price of Millennium Group stands at 1.38, as last reported on the 28th of May, with the highest price reaching 1.38 and the lowest price hitting 1.35 during the day. Millennium Group Int has Sharpe Ratio of -0.0566, which conveys that the firm had a -0.0566% return per unit of risk over the last 3 months. Millennium Group exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Millennium Group's Risk Adjusted Performance of (0.05), mean deviation of 3.46, and Standard Deviation of 5.05 to check out the risk estimate we provide.
The current Other Stockholder Equity is estimated to decrease to about 22.3 M. The current Common Stock is estimated to decrease to about 22.7 K. As of now, Millennium Group's Price To Book Ratio is decreasing as compared to previous years. The Millennium Group's current Price Sales Ratio is estimated to increase to 0.56, while Price Earnings Ratio is forecasted to increase to (60.70). Millennium Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Millennium |
Sharpe Ratio = -0.0566
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Estimated Market Risk
| 4.93 actual daily | 43 57% of assets are more volatile |
Expected Return
| -0.28 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.06 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Millennium Group is not performing at its full potential. However, 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 Millennium Group by adding Millennium Group to a well-diversified portfolio.
Price Book 0.3889 | Enterprise Value Ebitda 0.7914 | Price Sales 0.3404 | Shares Float 1.2 M | Earnings Share (0.03) |
Related Headline
Avery Dennison Headline on 6th of May 2024
Filed transaction by Avery Dennison Corp Officer President, Materials Group. Grant, award or other acquisition pursuant to Rule 16b-3
Millennium Group Valuation on May 6, 2024
It is possible to determine the worth of Millennium Group on a given historical date. On May 6, 2024 Millennium was worth 1.45 at the beginning of the trading date compared to the closed value of 1.47. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Millennium Group stock. Still, in general, we apply an absolute valuation method to find Millennium Group's 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 Millennium Group where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Millennium Group's related companies.
| Open | High | Low | Close | Volume | |
| 1.53 | 1.53 | 1.43 | 1.50 | 27,775 | |
05/06/2024 | 1.45 | 1.54 | 1.44 | 1.47 | 15,809 |
| 1.51 | 1.51 | 1.43 | 1.47 | 15,284 |
| Backtest Millennium Group | | | Millennium Group History | | | Millennium Group Valuation | Previous | Next |
Millennium Group Trading Date Momentum on May 6, 2024
| On May 07 2024 Millennium Group International was traded for 1.47 at the closing time. The top price for the day was 1.51 and the lowest listed price was 1.43 . The trading volume for the day was 15.3 K. The trading history from May 7, 2024 did not cause price change. The trading delta at closing time against the current closing price is 5.44% . |
Millennium Group Int Fundamentals Correlations and Trends
By evaluating Millennium Group's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Millennium Group's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Millennium financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Millennium Group Stock history
Millennium Group 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 Millennium is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Millennium Group Int 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 Millennium Group stock prices may prove useful in developing a viable investing in Millennium Group
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 9.3 M | 8.7 M | |
| Net Income Applicable To Common Shares | 4.7 M | 4.3 M |
Millennium Group Quarterly Net Working Capital |
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Millennium Group Stock Technical Analysis
Millennium Group 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
Millennium Group Period Price Range
Low | May 6, 2024
| High |
1.45 | 1.47 |
Millennium Group May 28, 2024 Market Strength
Market strength indicators help investors to evaluate how Millennium Group stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Millennium Group shares will generate the highest return on investment. By undertsting and applying Millennium Group stock market strength indicators, traders can identify Millennium Group International entry and exit signals to maximize returns
Millennium Group Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Millennium Group's price direction in advance. Along with the technical and fundamental analysis of Millennium Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Millennium 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 | (0.05) | |||
| Jensen Alpha | (0.56) | |||
| Total Risk Alpha | (0.87) | |||
| Treynor Ratio | (1.57) |
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Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Millennium Group International. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. You can also try the Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..
Complementary Tools for Millennium Stock analysis
When running Millennium Group's price analysis, check to measure Millennium Group's 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 Millennium Group is operating at the current time. Most of Millennium Group's value examination focuses on studying past and present price action to predict the probability of Millennium Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Millennium Group's price. Additionally, you may evaluate how the addition of Millennium Group to your portfolios can decrease your overall portfolio volatility.
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Is Millennium Group's 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 Millennium Group. If investors know Millennium 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 Millennium Group 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 (0.50) | Earnings Share (0.03) | Revenue Per Share 4.426 | Quarterly Revenue Growth (0.37) | Return On Assets (0.01) |
The market value of Millennium Group Int is measured differently than its book value, which is the value of Millennium that is recorded on the company's balance sheet. Investors also form their own opinion of Millennium Group's value that differs from its market value or its book value, called intrinsic value, which is Millennium Group'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 Millennium Group's market value can be influenced by many factors that don't directly affect Millennium Group'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 Millennium Group's value and its price as these two are different measures arrived at by different means. Investors typically determine if Millennium Group is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Millennium Group'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.