Methanex Stock Performance
| MX Stock | CAD 65.96 0.72 1.10% |
Methanex has a performance score of 6 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 1.16, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Methanex will likely underperform. Methanex right now secures a risk of 2.21%. Please verify Methanex potential upside, as well as the relationship between the kurtosis and day typical price , to decide if Methanex will be following its current price movements.
Risk-Adjusted Performance
6 of 100
Weak | Strong |
Modest
Compared to the overall equity markets, risk-adjusted returns on investments in Methanex are ranked lower than 6 (%) of all global equities and portfolios over the last 90 days. In spite of very unfluctuating basic indicators, Methanex may actually be approaching a critical reversion point that can send shares even higher in May 2024. ...more
Forward Dividend Yield 0.0153 | Payout Ratio 0.2216 | Forward Dividend Rate 1.01 | Dividend Date 2024-06-28 | Ex Dividend Date 2024-06-13 |
1 | Methanex delays production start-up at Louisiana methanol plant - Seeking Alpha | 02/20/2024 |
2 | SHAREHOLDER ALERT Potential Recovery for Methanex Corporation Investors - TipRanks.com - TipRanks | 02/27/2024 |
3 | RBC Capital Markets Cuts Adjusted EBITDA Estimates For Methanex - Marketscreener.com | 03/01/2024 |
4 | Methanex Releases 2023 Sustainability Report -March 08, 2024 at 0340 pm EST - Marketscreener.com | 03/08/2024 |
5 | Methanex Submits Monthly SEC Filing - TipRanks.com - TipRanks | 03/25/2024 |
6 | UBS Trims Methanexs Price Target to 59 From 60, Maintains Buy Rating - Marketscreener.com | 04/08/2024 |
7 | Closing Bell Methanex Corp up on Tuesday - The Globe and Mail | 04/16/2024 |
8 | Methanexs Q1 Earnings Revenues Surpass Estimates - Yahoo Finance | 04/25/2024 |
| Begin Period Cash Flow | 961.8 M |
Methanex |
Methanex Relative Risk vs. Return Landscape
If you would invest 5,936 in Methanex on January 31, 2024 and sell it today you would earn a total of 660.00 from holding Methanex or generate 11.12% return on investment over 90 days. Methanex is currently producing 0.1948% returns and takes up 2.2094% volatility of returns over 90 trading days. Put another way, 19% of traded stocks are less volatile than Methanex, and 97% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Methanex Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Methanex's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Methanex, and traders can use it to determine the average amount a Methanex's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.0882
| Best Portfolio | Best Equity | |||
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| Small Returns | MX | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 2.21 actual daily | 19 81% of assets are more volatile |
Expected Return
| 0.19 actual daily | 3 97% of assets have higher returns |
Risk-Adjusted Return
| 0.09 actual daily | 6 94% of assets perform better |
Based on monthly moving average Methanex is performing at about 6% of its full potential. 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 Methanex by adding it to a well-diversified portfolio.
Methanex Fundamentals Growth
Methanex Stock prices reflect investors' perceptions of the future prospects and financial health of Methanex, and Methanex fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Methanex Stock performance.
| Return On Equity | 0.11 | ||||
| Return On Asset | 0.0239 | ||||
| Profit Margin | 0.05 % | ||||
| Operating Margin | 0.09 % | ||||
| Current Valuation | 7.31 B | ||||
| Shares Outstanding | 67.39 M | ||||
| Price To Earning | 4.86 X | ||||
| Price To Book | 1.68 X | ||||
| Price To Sales | 1.19 X | ||||
| Revenue | 3.72 B | ||||
| Gross Profit | 947.19 M | ||||
| EBITDA | 506.78 M | ||||
| Net Income | 174.14 M | ||||
| Cash And Equivalents | 857.75 M | ||||
| Cash Per Share | 13.69 X | ||||
| Total Debt | 314.72 M | ||||
| Debt To Equity | 1.21 % | ||||
| Current Ratio | 2.15 X | ||||
| Book Value Per Share | 29.23 X | ||||
| Cash Flow From Operations | 692.3 M | ||||
| Earnings Per Share | 3.38 X | ||||
| Market Capitalization | 4.44 B | ||||
| Total Asset | 6.43 B | ||||
| Retained Earnings | 1.51 B | ||||
| Working Capital | 178.01 M | ||||
About Methanex Performance
To evaluate Methanex Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Methanex generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Methanex Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Methanex market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Methanex's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.| Last Reported | Projected for Next Year | ||
| Days Of Inventory On Hand | 50.77 | 37.09 | |
| Return On Tangible Assets | 0.03 | 0.03 | |
| Return On Capital Employed | 0.05 | 0.05 | |
| Return On Assets | 0.03 | 0.03 | |
| Return On Equity | 0.09 | 0.1 |
Things to note about Methanex performance evaluation
Checking the ongoing alerts about Methanex for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Methanex help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Over 83.0% of the company shares are owned by institutional investors | |
| Latest headline from news.google.com: Methanexs Q1 Earnings Revenues Surpass Estimates - Yahoo Finance |
- Analyzing Methanex's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Methanex's stock is overvalued or undervalued compared to its peers.
- Examining Methanex's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Methanex's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Methanex's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Methanex's stock. These opinions can provide insight into Methanex's potential for growth and whether the stock is currently undervalued or overvalued.
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 Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.
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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