Magna International Stock Forecast - Relative Strength Index
| MGA Stock | EUR 40.22 0.00 0.00% |
Magna Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Magna International's historical fundamentals, such as revenue growth or operating cash flow patterns.
Magna |
| Previous Relative Strength Index | Relative Strength Index | Trend |
| 51.48 | 51.48 |
| Check Magna International Volatility | Backtest Magna International | Trend Details |
Magna International Trading Date Momentum
| On December 19 2024 Magna International was traded for 40.29 at the closing time. The highest daily price throughout the period was 40.29 and the lowest price was 40.29 . There was no trading activity during the period 3.0. Lack of trading volume on 12/19/2024 added to the next day price reduction. The trading delta at closing time to closing price of the next trading day was 3.27% . The trading delta at closing time to current closing price is 2.91% . |
Magna International Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Magna International stock to make a market-neutral strategy. Peer analysis of Magna International could also be used in its relative valuation, which is a method of valuing Magna International by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Magna International Market Strength Events
Market strength indicators help investors to evaluate how Magna International stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Magna International shares will generate the highest return on investment. By undertsting and applying Magna International stock market strength indicators, traders can identify Magna International entry and exit signals to maximize returns.
Magna International Risk Indicators
The analysis of Magna International's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Magna International's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting magna stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 1.73 | |||
| Semi Deviation | 2.1 | |||
| Standard Deviation | 2.37 | |||
| Variance | 5.6 | |||
| Downside Variance | 4.83 | |||
| Semi Variance | 4.39 | |||
| Expected Short fall | (1.86) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Magna Stock
When determining whether Magna International offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Magna International's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Magna International Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Magna International Stock: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 board of governors. You can also try the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.