Major Drilling (Germany) Performance
| 3MJ Stock | EUR 5.50 0.15 2.65% |
The company secures a Beta (Market Risk) of 1.35, 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, Major Drilling will likely underperform. At this point, Major Drilling Group has a negative expected return of -0.14%. Please make sure to verify Major Drilling's mean deviation, standard deviation, information ratio, as well as the relationship between the coefficient of variation and variance , to decide if Major Drilling Group performance from the past will be repeated at some point in the near future.
Risk-Adjusted Performance
0 of 100
Weak | Strong |
Very Weak
Over the last 90 days Major Drilling Group has generated negative risk-adjusted returns adding no value to investors with long positions. Despite latest uncertain performance, the Stock's basic indicators remain stable and the current disturbance on Wall Street may also be a sign of long-run gains for the company stockholders. ...more
| Begin Period Cash Flow | 22.4 M | |
| Total Cashflows From Investing Activities | -85.8 M | |
| Free Cash Flow | 44.9 M |
Major |
Major Drilling Relative Risk vs. Return Landscape
If you would invest 620.00 in Major Drilling Group on September 3, 2024 and sell it today you would lose (70.00) from holding Major Drilling Group or give up 11.29% of portfolio value over 90 days. Major Drilling Group is currently producing negative expected returns and takes up 2.9626% volatility of returns over 90 trading days. Put another way, 26% of traded stocks are less volatile than Major, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Major Drilling Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Major Drilling's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Major Drilling Group, and traders can use it to determine the average amount a Major Drilling'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 = -0.0473
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | 3MJ |
Estimated Market Risk
| 2.96 actual daily | 26 74% of assets are more volatile |
Expected Return
| -0.14 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.05 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Major Drilling is not performing at its full potential. However, 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 Major Drilling by adding Major Drilling to a well-diversified portfolio.
Major Drilling Fundamentals Growth
Major Stock prices reflect investors' perceptions of the future prospects and financial health of Major Drilling, and Major Drilling 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 Major Stock performance.
| Return On Equity | 0.21 | |||
| Return On Asset | 0.11 | |||
| Profit Margin | 0.10 % | |||
| Operating Margin | 0.14 % | |||
| Current Valuation | 530.18 M | |||
| Shares Outstanding | 82.87 M | |||
| Price To Book | 1.87 X | |||
| Price To Sales | 0.86 X | |||
| Revenue | 650.41 M | |||
| EBITDA | 114.09 M | |||
| Cash And Equivalents | 24.78 M | |||
| Cash Per Share | 0.31 X | |||
| Total Debt | 50 M | |||
| Debt To Equity | 4.70 % | |||
| Book Value Per Share | 5.06 X | |||
| Cash Flow From Operations | 94.87 M | |||
| Earnings Per Share | 0.62 X | |||
| Total Asset | 557.08 M | |||
About Major Drilling Performance
By analyzing Major Drilling's fundamental ratios, stakeholders can gain valuable insights into Major Drilling's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Major Drilling has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Major Drilling has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
Major Drilling Group International Inc. provides contract drilling services for mining and mineral exploration companies in Canada, the United States, Mexico, South America, Asia, Africa, and Europe. Major Drilling Group International Inc. was founded in 1980 and is headquartered in Moncton, Canada. MAJOR DRILLING operates under Industrial Metals Minerals classification in Germany and is traded on Frankfurt Stock Exchange. It employs 2986 people.Things to note about Major Drilling Group performance evaluation
Checking the ongoing alerts about Major Drilling for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Major Drilling Group help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Major Drilling Group generated a negative expected return over the last 90 days | |
| Over 80.0% of the company shares are owned by institutions such as pension funds |
- Analyzing Major Drilling'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 Major Drilling's stock is overvalued or undervalued compared to its peers.
- Examining Major Drilling'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 Major Drilling's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Major Drilling's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Major Drilling's stock. These opinions can provide insight into Major Drilling's potential for growth and whether the stock is currently undervalued or overvalued.
Complementary Tools for Major Stock analysis
When running Major Drilling's price analysis, check to measure Major Drilling'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 Major Drilling is operating at the current time. Most of Major Drilling's value examination focuses on studying past and present price action to predict the probability of Major Drilling's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Major Drilling's price. Additionally, you may evaluate how the addition of Major Drilling to your portfolios can decrease your overall portfolio volatility.
| Portfolio Manager State of the art Portfolio Manager to monitor and improve performance of your invested capital | |
| Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum | |
| Financial Widgets Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets | |
| Efficient Frontier Plot and analyze your portfolio and positions against risk-return landscape of the market. | |
| Performance Analysis Check effects of mean-variance optimization against your current asset allocation | |
| Piotroski F Score Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals | |
| Odds Of Bankruptcy Get analysis of equity chance of financial distress in the next 2 years | |
| Portfolio Analyzer Portfolio analysis module that provides access to portfolio diagnostics and optimization engine | |
| Stock Screener Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook. |