Methanex Stock Today
| MX Stock | CAD 65.35 0.16 0.24% |
Performance4 of 100
| Odds Of DistressLess than 5
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Methanex is selling at 65.35 as of the 25th of April 2024; that is -0.24 percent decrease since the beginning of the trading day. The stock's open price was 65.51. Methanex has under 5 % chance of experiencing financial distress over the next 2 years but had a somewhat insignificant performance during the last 90 days. Equity ratings for Methanex are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 1st of May 2023 and ending today, the 25th of April 2024. Click here to learn more.
Business Domain Materials | Category Basic Materials |
Methanex Corporation produces and supplies methanol in North America, the Asia Pacific, Europe, and South America. Methanex Corporation was incorporated in 1968 and is headquartered in Vancouver, Canada. METHANEX CORP operates under Chemicals classification in Canada and is traded on Toronto Stock Exchange. The company has 67.39 M outstanding shares of which 325.28 K shares are now shorted by private and institutional investors with about 3.32 days to cover all short positions. More on Methanex
Moving together with Methanex Stock
| 0.66 | MNT | Royal Canadian Mint | PairCorr |
| 0.7 | IVN | Ivanhoe Mines Earnings Call This Week | PairCorr |
Methanex Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Methanex's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Methanex or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| CEO President | Richard Sumner | ||||
| Business Concentration | Commodity Chemicals, Materials, Basic Materials, Materials, Chemicals, Chemicals, Basic Materials (View all Sectors) | ||||
Methanex's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Methanex's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | |||||
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Methanex's financial leverage. It provides some insight into what part of Methanex's total assets is financed by creditors.
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Methanex (MX) is traded on Toronto Exchange in Canada and employs 1,451 people. Methanex is listed under Commodity Chemicals category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a current market capitalization of 4.41 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Methanex's market, we take the total number of its shares issued and multiply it by Methanex's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Methanex classifies itself under Chemicals sector and is part of Materials industry. The entity has 67.39 M outstanding shares of which 325.28 K shares are now shorted by private and institutional investors with about 3.32 days to cover all short positions.
Methanex has accumulated about 857.75 M in cash with 692.3 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 13.69.
Check Methanex Probability Of Bankruptcy
Ownership AllocationMethanex maintains a total of 67.39 Million outstanding shares. The majority of Methanex outstanding shares are owned by institutional investors. These third-party entities are usually referred to as non-private investors looking to shop for positions in Methanex to benefit from reduced commissions. Consequently, institutional holders are subject to a different set of regulations than regular investors in Methanex. Please pay attention to any change in the institutional holdings of Methanex as this could imply that something significant has changed or is about to change at the company. Please note that no matter how many assets the company has, if the real value of the firm is less than the current market value, you may not be able to make money on it.
Check Methanex Ownership Details
Methanex Stock Price Odds Analysis
Contingent on a normal probability distribution, the odds of Methanex jumping above the current price in 90 days from now is about 11.11%. The Methanex probability density function shows the probability of Methanex stock to fall within a particular range of prices over 90 days. Assuming the 90 days horizon the stock has a beta coefficient of 1.1748. This indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Methanex will likely underperform. Additionally, methanex has an alpha of 0.0774, implying that it can generate a 0.0774 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Methanex to move above the current price in 90 days from now is about 11.11 (This Methanex probability density function shows the probability of Methanex Stock to fall within a particular range of prices over 90 days) .
Methanex Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Methanex market risk premium is the additional return an investor will receive from holding Methanex 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 Methanex. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Methanex's alpha and beta are two of the key measurements used to evaluate Methanex's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 1.47 | |||
| Semi Deviation | 2.49 | |||
| Standard Deviation | 2.2 | |||
| Variance | 4.83 |
Methanex Stock Against Markets
Picking the right benchmark for Methanex stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Methanex stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Methanex is critical whether you are bullish or bearish towards Methanex at a given time. Please also check how Methanex's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Methanex without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Methanex Corporate Directors
Methanex corporate directors refer to members of a Methanex board of directors. The board of directors generally takes responsibility for the Methanex's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Methanex's board members must vote for the resolution. The Methanex board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Janice Rennie | Independent Director | Profile | |
| James Bertram | Director | Profile | |
| Margaret Walker | Independent Director | Profile | |
| Phillip Cook | Independent Director | Profile |
How to buy Methanex Stock?
Before investing in Methanex, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Methanex. To buy Methanex stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Methanex. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Methanex stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Methanex stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Methanex stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Methanex, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Methanex Stock please use our How to Invest in Methanex guide.
Already Invested in Methanex?
The danger of trading Methanex is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Methanex is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Methanex. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Methanex is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Methanex offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Methanex's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Methanex Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Methanex Stock: Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Methanex. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. To learn how to invest in Methanex Stock, please use our How to Invest in Methanex guide.You can also try the Commodity Directory module to find actively traded commodities issued by global exchanges.
Complementary Tools for Methanex Stock analysis
When running Methanex's price analysis, check to measure Methanex'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 Methanex is operating at the current time. Most of Methanex's value examination focuses on studying past and present price action to predict the probability of Methanex's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Methanex's price. Additionally, you may evaluate how the addition of Methanex to your portfolios can decrease your overall portfolio volatility.
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