Magellan Competitors

Summary

Magellan Midstream competes with Kinder Morgan, Enterprise Products, Williams Companies, MPLX LP, and Energy Transfer; as well as few others. The company runs under Oil, Gas & Consumable Fuels sector within Energy industry. Analyzing Magellan Midstream competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of Magellan Midstream to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

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Magellan Midstream Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Magellan Midstream and its competitors represents the degree of relationship between the price movements of corresponding delisted stocks. A correlation of about +1.0 implies that the price of Magellan and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Magellan Midstream does not affect the price movement of the other competitor.

	KMI	EPD	WMB	MPLX	ET	ENB	PAA	CEQP	OKE	HEP
KMI		0.16	0.67	-0.04	0.53	0.52	0.16	0.0	0.8	0.0	KMI
EPD	0.16		0.65	0.91	0.18	0.65	0.95	0.0	-0.16	0.0	EPD
WMB	0.67	0.65		0.58	0.36	0.6	0.6	0.0	0.47	0.0	WMB
MPLX	-0.04	0.91	0.58		0.13	0.5	0.87	0.0	-0.32	0.0	MPLX
ET	0.53	0.18	0.36	0.13		0.55	0.33	0.0	0.57	0.0	ET
ENB	0.52	0.65	0.6	0.5	0.55		0.62	0.0	0.31	0.0	ENB
PAA	0.16	0.95	0.6	0.87	0.33	0.62		0.0	-0.12	0.0	PAA
CEQP	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	CEQP
OKE	0.8	-0.16	0.47	-0.32	0.57	0.31	-0.12	0.0		0.0	OKE
HEP	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		HEP
	KMI	EPD	WMB	MPLX	ET	ENB	PAA	CEQP	OKE	HEP

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High positive correlations

PAA	+ 0.95	EPD
MPLX	+ 0.91	EPD
PAA	+ 0.87	MPLX
OKE	+ 0.8	KMI
WMB	+ 0.67	KMI
WMB	+ 0.65	EPD

High negative correlations

OKE	- 0.32	MPLX
OKE	- 0.16	EPD
OKE	- 0.12	PAA
MPLX	- 0.04	KMI
HEP	- 0.0	OKE
HEP	- 0.0	CEQP

Risk-Adjusted Indicators

There is a big difference between Magellan Stock performing well and Magellan Midstream Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Magellan Midstream's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
KMI	1.21	0.14	0.06	0.27	1.94	(1.23)	2.79	(2.23)	12.28
EPD	0.82	0.12	0.12	(0.63)	0.85	(0.95)	1.80	(1.22)	5.35
WMB	1.43	0.21	0.10	0.28	1.89	(1.60)	3.24	(2.36)	12.05
MPLX	1.10	0.20	0.16	0.28	1.03	(1.34)	2.48	(2.08)	5.75
ET	1.38	0.05	0.02	0.07	1.79	(1.36)	3.08	(2.76)	9.12
ENB	0.90	0.12	0.08	(0.39)	1.24	(0.91)	1.80	(2.18)	5.69
PAA	1.22	0.24	0.15	(0.60)	1.37	(1.33)	2.54	(2.69)	10.03
CEQP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
OKE	1.32	0.03	0.01	0.04	1.76	(1.32)	2.98	(3.24)	7.50
HEP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Unable to evaluate fundamental data of [KMI, EPD, WMB, MPLX, ET, ENB, PAA, CEQP, OKE, HEP, NS, WES] at this time. Please try again later

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Magellan Midstream Competitive Analysis

The better you understand Magellan Midstream competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Magellan Midstream's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Magellan Midstream's competition over several years is one of the best ways to analyze its investment potential.

Better Than Average

Worse Than Peers

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	KMI	EPD	WMB	MPLX	ET	ENB	PAA	OKE	WES
	1.18 28.49 Kinder	0.45 33.83 Enterprise	1.58 59.95 Williams	0.75 53.76 MPLX	0.32 18.94 Energy	0.59 44.52 Enbridge	1.04 20.38 Plains	1.07 101.28 ONEOK	0.39 41.35 Western
Market Volatility (90 Days Market Risk)	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady
Market Performance (90 Days Performance)	Modest	Good	OK	Good	Very Weak	OK	Solid	Weak	Modest
Odds of Financial Distress (Probability Of Bankruptcy)	Very Low	Low	Below Average	Very Small	Very Low	Below Average	Low	Below Average	Very Small
Current Valuation (Equity Enterprise Value)	Fairly Valued	Fairly Valued	Under Valued	Under Valued	Under Valued	Over Valued	Fairly Valued	Fairly Valued	Fairly Valued
Buy or Sell Advice (Average Analysts Consensus)	Buy	Strong Buy	Buy	Buy	Strong Buy	Buy	Buy	Buy	Buy
Trade Advice (90 Days Macroaxis Advice)	Buy	Strong Sell	Strong Buy	Strong Buy	Strong Hold	Cautious Hold	Hold	Strong Hold	Strong Buy
Current Ratio	0.62	0.86	0.88	0.78	1.14	0.6	0.97	0.83	1.2
Net Asset	71.41 B	77.17 B	54.53 B	37.51 B	125.38 B	218.97 B	26.56 B	64.07 B	13.14 B
Profit Margin	0.17	0.11	0.21	0.39	0.0582	0.1	0.0154	0.14	0.43
EBITDA	6.74 B	9.59 B	6.57 B	6.59 B	15.4 B	16.87 B	2.74 B	3.87 B	2.66 B
Operating Margin	0.29	0.13	0.28	0.41	0.12	0.17	0.0381	0.23	0.43
Current Valuation	95.64 B	104.62 B	101.26 B	74.48 B	125.03 B	170.79 B	21.78 B	95.26 B	22.61 B
Price To Book	2.1	2.54	6.0	3.96	1.84	2.36	1.45	3.75	4.85
Retained Earnings	(10.63 B)	(49 M)	(12.4 B)	(12.46 B)	(36.66 B)	(20.05 B)	1.63 B	1.58 B	1.22 B
Current Asset	2.82 B	4.3 B	12.89 B	576 M	179.92 M	1.44 B	2.97 B	975.21 M	299.22 M
Five Year Return	5.34	7.48	5.99	9.83	9.87	6.43	8.35	6.81	10.44
Beta	0.94	1.05	1.07	1.36	1.7	0.89	1.59	1.67	2.82
Number Of Employees	10.93 K	N/A	5.83 K	N/A	16.25 K	14.5 K	4.2 K	5.18 K	1.51 K
Shares Outstanding	2.22 B	2.17 B	1.22 B	1.02 B	3.43 B	2.18 B	703.78 M	624.34 M	381.32 M
Cash Flow From Operations	5.63 B	8.12 B	4.97 B	5.95 B	11.51 B	12.6 B	2.49 B	4.89 B	2.11 B
Annual Yield	0.0399	0.0635	0.0328	0.0717	0.0689	0.0589	0.0754	0.0402	0.085
Total Debt	2.01 B	32.26 B	26.94 B	21.21 B	60.56 B	101.67 B	7.86 B	32.08 B	8.14 B
Return On Equity	0.0855	0.2	0.16	0.32	0.14	0.0844	0.083	0.16	0.5
Z Score	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return On Asset	0.0381	0.0589	0.0394	0.0757	0.048	0.0314	0.039	0.0584	0.0765
Number Of Shares Shorted	38.97 M	25.42 M	16.85 M	9.72 M	28 M	34.45 M	12.73 M	11.34 M	5.98 M
Book Value Per Share	13.74	13.27	10.17	13.35	9.11	27.13	10.67	29.22	8.47
Current Liabilities	4.07 B	7.17 B	11.31 B	625 M	99.5 M	1.72 B	3.41 B	1.64 B	235.49 M
Total Asset	71.41 B	77.17 B	54.53 B	37.51 B	125.38 B	218.97 B	26.56 B	64.07 B	13.14 B
Debt To Equity	1.0	1.08	1.68	1.51	1.19	1.22	0.69	2.27	2.34
Short Ratio	2.55	4.83	2.17	4.94	1.71	7.34	3.17	2.38	4.0
Target Price	30.35	36.78	59.59	56.38	23.14	45.25	22.07	111.55	40.83
Last Dividend Paid	1.15	2.1	1.9	3.61	1.29	3.66	1.33	4.0	3.5
Shares Owned By Institutions	67.9	25.78	87.33	23.8	33.69	53.82	42.87	69.31	84.87
Market Capitalization	64.06 B	72.94 B	74.57 B	55.1 B	64.78 B	96.8 B	14.2 B	63.92 B	15.78 B
Price To Earning	23.51	10.71	20.67	8.94	9.18	20.33	15.06	25.37	10.32
Price To Earnings To Growth	2.57	3.21	2.62	2.15	0.79	2.11	2.27	1.76	5.48
Price To Sales	4.24	1.3	6.93	4.95	0.78	1.81	0.28	2.95	4.38
Net Income	2.72 B	5.97 B	2.35 B	4.36 B	6.57 B	5.63 B	1.11 B	3.11 B	1.61 B
Earnings Per Share	1.17	2.69	1.82	4.21	1.28	1.62	0.73	5.17	4.02
Shares Owned By Insiders	12.79	32.89	0.44	63.0	7.2	0.069	33.99	0.2	0.32
Revenue	15.1 B	56.22 B	10.5 B	11.93 B	82.67 B	53.47 B	50.07 B	21.7 B	3.61 B
Working Capital	(2.58 B)	(44 M)	(2.65 B)	41 M	1.55 B	(10.65 B)	(148 M)	(481 M)	155.5 M
Cash And Equivalents	745 M	76 M	152 M	121 M	257 M	861 M	324 M	220.23 M	286.66 M
Cash Per Share	0.23	0.08	0.7	0.12	0.11	0.57	0.46	0.36	0.41
Gross Profit	7.79 B	7.22 B	6.46 B	6.33 B	15.69 B	24.43 B	3.09 B	8.39 B	2.55 B
Day Typical Price	28.64	33.77	60.32	53.86	18.97	44.53	20.34	101.93	41.45
Accumulation Distribution	303423.0	70392.77	184839.0	51283.71	141549.0	31629.2	31061.99	71706.22	13999.51
Daily Balance Of Power	(0.46)	0.2632	(0.56)	0.3306	0.2308	0.4815	0.7	(0.40)	0.2078
Period Momentum Indicator	(0.34)	0.15	(0.96)	0.4	0.06	0.26	0.21	(1.10)	0.16
Rate Of Daily Change	0.99	1.0	0.98	1.01	1.0	1.01	1.01	0.99	1.0
Day Median Price	28.72	33.74	60.51	53.92	18.99	44.53	20.32	102.25	41.5
Price Action Indicator	(0.40)	0.17	(1.04)	0.045	(0.02)	0.12	0.16	(1.52)	(0.07)
Relative Strength Index	46.78	48.69	50.83	54.24	44.09	50.68	50.4	42.4	52.79
Coefficient Of Variation	1184.12	819.64	874.37	663.62	2993.94	943.52	657.56	4340.98	1374.26
Mean Deviation	1.21	0.8248	1.43	1.1	1.38	0.9028	1.22	1.32	1.31
Jensen Alpha	0.1429	0.1177	0.212	0.1956	0.0477	0.1168	0.2436	0.0279	0.1081
Total Risk Alpha	0.1383	0.1137	0.2076	0.193	0.0439	0.112	0.2369	0.0241	0.1046
Sortino Ratio	0.0622	0.1177	0.1036	0.1591	0.0243	0.083	0.1498	0.0146	0.0689
Downside Variance	5.18	0.9442	4.16	1.5	3.75	1.86	2.56	3.46	2.42
Standard Deviation	1.83	1.04	1.96	1.38	1.79	1.19	1.66	1.73	1.65
Kurtosis	9.95	0.4316	4.84	(0.33)	0.7303	1.39	2.14	0.0561	(0.15)
Potential Upside	2.79	1.8	3.24	2.48	3.08	1.8	2.54	2.98	2.77
Treynor Ratio	0.2651	(0.63)	0.2845	0.2793	0.0658	(0.39)	(0.60)	0.0422	0.1573
Maximum Drawdown	12.28	5.35	12.05	5.75	9.12	5.69	10.03	7.5	7.33
Variance	3.34	1.09	3.84	1.9	3.21	1.41	2.76	3.0	2.72
Market Risk Adjusted Performance	0.2751	(0.62)	0.2945	0.2893	0.0758	(0.38)	(0.59)	0.0522	0.1673
Risk Adjusted Performance	0.0767	0.1049	0.1022	0.131	0.0335	0.0923	0.1333	0.0246	0.0663
Skewness	(2.03)	(0.05)	(1.07)	0.2036	(0.34)	(0.84)	0.4037	(0.33)	0.1026
Semi Deviation	1.94	0.8529	1.89	1.03	1.79	1.24	1.37	1.76	1.47
Information Ratio	0.0774	0.1097	0.1078	0.1414	0.0262	0.0952	0.1444	0.0156	0.065
Value At Risk	(2.23)	(1.22)	(2.36)	(2.08)	(2.76)	(2.18)	(2.69)	(3.24)	(2.50)
Expected Short fall	(1.23)	(0.95)	(1.60)	(1.34)	(1.36)	(0.91)	(1.33)	(1.32)	(1.43)
Downside Deviation	2.28	0.9717	2.04	1.22	1.94	1.36	1.6	1.86	1.56
Semi Variance	3.77	0.7275	3.55	1.07	3.22	1.54	1.89	3.11	2.15

Magellan Midstream Competition Performance Charts

Five steps to successful analysis of Magellan Midstream Competition

Magellan Midstream's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Magellan Midstream in relation to its competition. Magellan Midstream's competition analysis typically involves several steps, including:

Identifying the key players in the market: This involves identifying the major competitors of Magellan Midstream in the market, both direct and indirect, as well as new entrants and disruptive technologies.
Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Magellan Midstream's competitive landscape.
Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Magellan Midstream, and developing a strategy to address them.
Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.

Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

Complement your Magellan Midstream position

In addition to having Magellan Midstream in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

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Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

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Other Consideration for investing in Magellan Stock

If you are still planning to invest in Magellan Midstream check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Magellan Midstream's history and understand the potential risks before investing.

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