Magellan Aerospace Stock Price on November 26, 2024
| MAL Stock | CAD 10.20 0.09 0.89% |
If you're considering investing in Magellan Stock, it is important to understand the factors that can impact its price. As of today, the current price of Magellan Aerospace stands at 10.20, as last reported on the 23rd of January, with the highest price reaching 10.28 and the lowest price hitting 10.20 during the day. Magellan Aerospace has Sharpe Ratio of -0.0128, which conveys that the firm had a -0.0128 % return per unit of risk over the last 3 months. Magellan Aerospace exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Magellan Aerospace's Mean Deviation of 1.44, risk adjusted performance of 0.0126, and Downside Deviation of 1.64 to check out the risk estimate we provide.
Magellan Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Magellan |
Sharpe Ratio = -0.0128
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Estimated Market Risk
| 2.07 actual daily | 18 82% of assets are more volatile |
Expected Return
| -0.03 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.01 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Magellan Aerospace 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 Magellan Aerospace by adding Magellan Aerospace to a well-diversified portfolio.
Magellan Aerospace Valuation on November 26, 2024
It is possible to determine the worth of Magellan Aerospace on a given historical date. On November 26, 2024 Magellan was worth 10.58 at the beginning of the trading date compared to the closed value of 10.64. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Magellan Aerospace stock. Still, in general, we apply an absolute valuation method to find Magellan Aerospace's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Magellan Aerospace where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Magellan Aerospace's related companies.
| Open | High | Low | Close | Volume | |
| 10.86 | 10.86 | 10.46 | 10.65 | 12,724 | |
11/26/2024 | 10.58 | 10.86 | 10.58 | 10.64 | 6,660 |
| 10.59 | 10.86 | 10.52 | 10.56 | 7,600 |
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Magellan Aerospace Trading Date Momentum on November 26, 2024
| On November 27 2024 Magellan Aerospace was traded for 10.56 at the closing time. The maximum traded price for the trading interval was 10.86 and the lowest daily price was 10.52 . The daily volume was recorded at 7.6 K. The volume of trading on 27th of November 2024 played a part in the next trading day price drop. The trading delta at closing time to the next closing price was 0.75% . The trading delta at closing time to the closing price today is 0.38% . |
Magellan Aerospace Fundamentals Correlations and Trends
By evaluating Magellan Aerospace's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Magellan Aerospace's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Magellan financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Magellan Aerospace Stock history
Magellan Aerospace investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Magellan is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Magellan Aerospace will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Magellan Aerospace stock prices may prove useful in developing a viable investing in Magellan Aerospace
Magellan Aerospace Corporation, through its subsidiaries, designs, engineers, and manufactures aero engine, and aero structure assemblies and components for aerospace markets in Canada, the United States, Europe, and Asia. Magellan Aerospace Corporation was founded in 1994 and is headquartered in Mississauga, Canada. MAGELLAN AERO operates under Aerospace Defense classification in Canada and is traded on Toronto Stock Exchange. It employs 4200 people.
Magellan Aerospace Stock Technical Analysis
Magellan Aerospace technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Magellan Aerospace Period Price Range
Low | January 23, 2025
| High |
0.00 | 0.00 |
Magellan Aerospace cannot be verified against its exchange. Please verify the symbol is currently traded on Toronto Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Magellan Aerospace January 23, 2025 Market Strength
Market strength indicators help investors to evaluate how Magellan Aerospace stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Magellan Aerospace shares will generate the highest return on investment. By undertsting and applying Magellan Aerospace stock market strength indicators, traders can identify Magellan Aerospace entry and exit signals to maximize returns
Magellan Aerospace Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Magellan Aerospace's price direction in advance. Along with the technical and fundamental analysis of Magellan Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Magellan to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0126 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.0093 |
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Other Information on Investing in Magellan Stock
Magellan Aerospace financial ratios help investors to determine whether Magellan Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Magellan with respect to the benefits of owning Magellan Aerospace security.