Macys Inc Stock Alpha and Beta Analysis

M Stock  USD 21.24  0.05  0.24%   
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Macys Inc. It also helps investors analyze the systematic and unsystematic risks associated with investing in Macys over a specified time horizon. Remember, high Macys' alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to Macys' market risk premium analysis include:
Beta
1.54
Alpha
0.0101
Risk
2.81
Sharpe Ratio
0.059
Expected Return
0.17
Please note that although Macys alpha is a measure of relative return and represented here as a single number, it indicates the percentage above or below your selected benchmark (i.e., NYSE Composite index.) So in this particular case, Macys did 0.01  better than the index. Remember, a high alpha is always good. Beta, on the other hand, measures the volatility (or risk) of an investment. It is an indication of Macys Inc stock's relative risk over its benchmark. Macys Inc has a beta of 1.54  . As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Macys will likely underperform. As of the 19th of March 2024, Price Book Value Ratio is likely to grow to 1.34. Also, Enterprise Value Multiple is likely to grow to 4.69.

Macys Quarterly Cash And Equivalents

438 Million

Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
  
Check out Macys Backtesting, Macys Valuation, Macys Correlation, Macys Hype Analysis, Macys Volatility, Macys History and analyze Macys Performance.

Macys Market Premiums

Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Macys market risk premium is the additional return an investor will receive from holding Macys long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Macys. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Macys' performance over market.
α0.01   β1.54

Macys expected buy-and-hold returns

Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Macys' Buy-and-hold return. Our buy-and-hold chart shows how Macys performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.

Macys Market Price Analysis

Market price analysis 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 understating and applying Macys stock market price indicators, traders can identify Macys position entry and exit signals to maximize returns.

Macys Return and Market Media

The median price of Macys for the period between Wed, Dec 20, 2023 and Tue, Mar 19, 2024 is 19.08 with a coefficient of variation of 5.01. The daily time series for the period is distributed with a sample standard deviation of 0.96, arithmetic mean of 19.17, and mean deviation of 0.79. The Stock received substential amount of media coverage during this period.
 Price Growth (%)  
       Timeline  
1
Acquisition by Marna Whittington of 4474 shares of Macys subject to Rule 16b-3
12/20/2023
 
Macys dividend paid on 2nd of January 2024
01/02/2024
2
Macys Earnings What To Look For From M
02/26/2024
3
Q4 2023 Macys Inc Earnings Call Transcript
02/28/2024
4
US stock futures muted with Fed cues, Super Tuesday on tap
03/04/2024
5
The Unbelievable Comeback 3 Stocks Ready to Rise from the Ashes
03/06/2024
6
3 Toxic Stocks to Ditch From Your Portfolio Now
03/07/2024
7
Macys, Inc. Names Michael Krans Vice President, Macys Media Network
03/11/2024
8
Macys, Inc. Nominates Douglas W. Sesler for Election to Board of Directors
03/14/2024
9
Spring Blossoms at the Macys Flower Show
03/18/2024

About Macys Beta and Alpha

For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Macys or other stocks. Alpha measures the amount that position in Macys Inc has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
 2014 2020 2023 2024 (projected)
Price Earnings Ratio8.815.5148.4650.88
Short Term Coverage Ratios2.983.6935.6437.43

Macys Upcoming Company Events

As portrayed in its financial statements, the presentation of Macys' financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Macys' leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Macys' public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Macys. Please utilize our Beneish M Score to check the likelihood of Macys' management manipulating its earnings.
7th of March 2024
Upcoming Quarterly Report
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6th of June 2024
Next Financial Report
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31st of January 2024
Next Fiscal Quarter End
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7th of March 2024
Next Fiscal Year End
View
31st of October 2023
Last Quarter Report
View
31st of January 2023
Last Financial Announcement
View

Build Portfolio with Macys

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By capturing your risk tolerance and investment horizon Macroaxis technology of instant portfolio optimization will compute exactly how much risk is acceptable for your desired return expectations
When determining whether Macys Inc is a strong investment it is important to analyze Macys' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Macys' future performance. For an informed investment choice regarding Macys Stock, refer to the following important reports:

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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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.
A focus of Macys technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Macys trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...