Macys Cash and Equivalents vs. Beta

Macys Inc -- USA Stock  

USD 20.15  1.02  4.82%

The Drivers Module shows relationships between Macys's most relevant fundamental drivers and provides multiple suggestions of what could possibly affect the performance of Macys Inc over time as well as its relative position and ranking within its peers. Please see also Stocks Correlation

Macys Inc Beta vs. Cash and Equivalents Fundamental Analysis

Macys Inc is regarded third in cash and equivalents category among related companies. It is regarded fourth in beta category among related companies . The ratio of Cash and Equivalents to Beta for Macys Inc is about  1,223,437,500 
Cash or Cash Equivalents are the most liquid of all assets found on company's balance sheet. It is used in calculating many of the firm's liquidity ratios and is a good indicator of overall financial health of a company. Companies with a lot of cash are usually attractive takeover targets. Cash Equivalents are balance sheet items that are typically reported using currency printed on notes.
Macys 
Cash 
 = 
Bank Deposits 
+  
Liquidities 
=
783 M
Cash equivalents represent current assets that are easily convertible to cash such as short term bonds, savings account, money market funds, or certificate of deposits (CDs). One of the important consideration companies make when classifying assets as cash equivalent is that investments they report on their balance sheets under current assets should have almost no risk of change in value over the next few months (usually 3 months).
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 financial instrument to the financial market in which this instrument is traded. For example if Beta of equity is 2, it will be expected to significantly outperform market when market is going up and significantly underperform when market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns during over time.
Macys 
Beta 
 = 
Covariance 
Variance 
=
0.64
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.

Comparison

Beta Comparison
  Beta 
      Macys Comparables 
Macys is regarded third in beta category among related companies.
  Cash and Equivalents 
      Macys Comparables 
Macys is regarded second in cash and equivalents category among related companies.

Beta Analysis

As returns on market increase, Macys returns are expected to increase less than the market. However during bear market, the loss on holding Macys will be expected to be smaller as well.
Macys, Inc., together with its subsidiaries, operates stores, Websites, and mobile applications. more
NameMacys Inc
Analyst Consensus
Piotroski F Score
Macroaxis Advice
Bond Rating
InstrumentUSA Stock Stocks Directory
RegionNorth America
ExchangeNew York Stock Exchange
CIK Number00794367.0
ISINUS55616P1049
CUSIP55616P104
CurrencyUSD - US Dollar
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