Macerich Stock Performance

MAC
 Stock
  

USD 12.46  0.22  1.74%   

On a scale of 0 to 100, Macerich holds a performance score of 9. The company secures a Beta (Market Risk) of 1.5464, which conveys a somewhat significant risk relative to the market. Let's try to break down what Macerich's beta means in this case. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Macerich will likely underperform. Although it is vital to follow Macerich price patterns, it is good to be conservative about what you can do with the information regarding equity historical price patterns. The philosophy towards estimating future performance of any stock is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By analyzing Macerich technical indicators, you can presently evaluate if the expected return of 0.43% will be sustainable into the future. Please exercises Macerich Company coefficient of variation, maximum drawdown, skewness, as well as the relationship between the total risk alpha and downside variance to make a quick decision on whether Macerich current price movements will revert.
  
Macerich Performance
9 of 100
Compared to the overall equity markets, risk-adjusted returns on investments in Macerich Company are ranked lower than 9 (%) of all global equities and portfolios over the last 90 days. Despite somewhat weak basic indicators, Macerich sustained solid returns over the last few months and may actually be approaching a breakup point. ...more

Structure and Payout Changes

Forward Dividend Yield
0.0536
Last Split Factor
1014:1000
Forward Dividend Rate
0.68
Dividend Date
2022-12-02
Ex Dividend Date
2022-11-08
Last Split Date
2010-02-11

Macerich Price Channel

Begin Period Cash Flow482659000.00
Total Cashflows From Investing Activities234968000.00

Macerich Relative Risk vs. Return Landscape

If you would invest  981.00  in Macerich Company on September 10, 2022 and sell it today you would earn a total of  265.00  from holding Macerich Company or generate 27.01% return on investment over 90 days. Macerich Company is generating 0.4261% of daily returns assuming volatility of 3.2664% on return distribution over 90 days investment horizon. In other words, 28% of stocks are less volatile than Macerich, and above 92% of all equities are expected to generate higher returns over the next 90 days.
  Daily Expected Return (%)  
       Risk (%)  
Considering the 90-day investment horizon Macerich is expected to generate 2.19 times more return on investment than the market. However, the company is 2.19 times more volatile than its market benchmark. It trades about 0.13 of its potential returns per unit of risk. The NYSE Composite is currently generating roughly 0.01 per unit of risk.

Macerich Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Macerich's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Macerich Company, and traders can use it to determine the average amount a Macerich'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 = 0.1304

Best
Portfolio
Best
Equity
Good Returns
Average Returns
Small ReturnsMAC
CashSmall
Risk
Average
Risk
High
Risk
Huge
Risk
Negative Returns
Estimated Market Risk
 3.27
  actual daily
 
 28 %
of total potential
 
2828
Expected Return
 0.43
  actual daily
 
 8 %
of total potential
 
88
Risk-Adjusted Return
 0.13
  actual daily
 
 9 %
of total potential
 
99
Based on monthly moving average Macerich is performing at about 9% 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 Macerich by adding it to a well-diversified portfolio.

About Macerich Performance

To evaluate Macerich 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 Macerich 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 Macerich 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 Macerich market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Macerich'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 ReportedProjected for 2022
Return on Investment 1.58  2.20 
Return on Average Assets 0.16  0.16 
Return on Average Equity 0.54  0.55 
Return on Invested Capital 0.016  0.0225 
Return on Sales 0.25  0.33 

Things to note about Macerich

Checking the ongoing alerts about Macerich for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Macerich help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.

Macerich Alerts

Equity Alerts and Improvement Suggestions

Macerich has very high historical volatility over the last 90 days
The company has 4.53 B in debt with debt to equity (D/E) ratio of 1.53, which is OK given its current industry classification. Macerich has a current ratio of 0.44, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Debt can assist Macerich until it has trouble settling it off, either with new capital or with free cash flow. So, Macerich's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Macerich sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Macerich to invest in growth at high rates of return. When we think about Macerich's use of debt, we should always consider it together with cash and equity.
Macerich has a poor financial position based on the latest SEC disclosures
Over 84.0% of Macerich shares are owned by institutional investors
On 2nd of December 2022 Macerich paid $ 0.17 per share dividend to its current shareholders
Latest headline from news.google.com: Deutsche Bank Adjusts Macerich Company Price Target to 16 From 13, Maintains Buy Rating - Marketscreener.com
Additionally, see Correlation Analysis. Note that the Macerich information on this page should be used as a complementary analysis to other Macerich's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.

Complementary Tools for Macerich Stock analysis

When running Macerich price analysis, check to measure Macerich'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 Macerich is operating at the current time. Most of Macerich's value examination focuses on studying past and present price action to predict the probability of Macerich's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Macerich's price. Additionally, you may evaluate how the addition of Macerich to your portfolios can decrease your overall portfolio volatility.
Bond Analysis
Evaluate and analyze corporate bonds as a potential investment for your portfolios.
Go
Correlation Analysis
Reduce portfolio risk simply by holding instruments which are not perfectly correlated
Go
Watchlist Optimization
Optimize watchlists to build efficient portfolio or rebalance existing positions based on mean-variance optimization algorithm
Go
Balance Of Power
Check stock momentum by analyzing Balance Of Power indicator and other technical ratios
Go
Fundamental Analysis
View fundamental data based on most recent published financial statements
Go
Bond Directory
Find actively traded corporate debentures issued by US companies
Go
Is Macerich's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Macerich. If investors know Macerich will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Macerich listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Market Capitalization
2.8 B
Quarterly Revenue Growth YOY
0.031
Return On Assets
0.0092
Return On Equity
(0.0301) 
The market value of Macerich is measured differently than its book value, which is the value of Macerich that is recorded on the company's balance sheet. Investors also form their own opinion of Macerich's value that differs from its market value or its book value, called intrinsic value, which is Macerich's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Macerich's market value can be influenced by many factors that don't directly affect Macerich's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Macerich's value and its price as these two are different measures arrived at by different means. Investors typically determine Macerich value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Macerich's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.