Millennium Group International Stock Beta
| MGIH Stock | 1.47 0.05 3.52% |
Millennium Group International fundamentals help investors to digest information that contributes to Millennium Group's financial success or failures. It also enables traders to predict the movement of Millennium Stock. The fundamental analysis module provides a way to measure Millennium Group'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 Millennium Group stock.
Millennium | Beta |
Millennium Group International Company Beta Analysis
Millennium Group'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.
Millennium Beta Driver Correlations
Understanding the fundamental principles of building solid financial models for Millennium Group is extremely important. It helps to project a fair market value of Millennium Stock properly, considering its historical fundamentals such as Beta. Since Millennium Group'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 Millennium Group'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 Millennium Group's interrelated accounts and indicators.
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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, Millennium Group International has a Beta of 0.0. This is 100.0% lower than that of the Metals & Mining sector and about the same as Materials (which currently averages 0.0) industry. The beta for all United States stocks is 100.0% lower than that of the firm.
Millennium Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Millennium Group'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 Millennium Group could also be used in its relative valuation, which is a method of valuing Millennium Group by comparing valuation metrics of similar companies.Millennium Group is currently under evaluation in beta category among related companies.
Millennium Fundamentals
| Return On Equity | -0.0089 | |||
| Return On Asset | -0.0108 | |||
| Profit Margin | (0.01) % | |||
| Operating Margin | (0.09) % | |||
| Current Valuation | 2.32 M | |||
| Shares Outstanding | 11.25 M | |||
| Shares Owned By Insiders | 88.88 % | |||
| Shares Owned By Institutions | 0.32 % | |||
| Number Of Shares Shorted | 6.97 K | |||
| Price To Book | 0.39 X | |||
| Price To Sales | 0.34 X | |||
| Revenue | 45.6 M | |||
| Gross Profit | 16.27 M | |||
| EBITDA | 1.96 M | |||
| Net Income | (354.11 K) | |||
| Total Debt | 13.6 M | |||
| Book Value Per Share | 3.55 X | |||
| Cash Flow From Operations | 8.11 M | |||
| Short Ratio | 0.20 X | |||
| Earnings Per Share | (0.03) X | |||
| Number Of Employees | 792 | |||
| Market Capitalization | 16.54 M | |||
| Total Asset | 59.04 M | |||
| Retained Earnings | 8.27 M | |||
| Working Capital | 25.36 M | |||
| Net Asset | 59.04 M |
About Millennium Group Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Millennium Group International's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Millennium Group using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Millennium Group International 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.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Millennium Group in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Millennium Group's short interest history, or implied volatility extrapolated from Millennium Group options trading.
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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.