Magellan Financial (Australia) Price on October 31, 2024
| MFG Stock | 11.15 0.14 1.27% |
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 Financial stands at 11.15, as last reported on the 11th of December 2024, with the highest price reaching 11.24 and the lowest price hitting 10.96 during the day. Magellan Financial appears to be not too volatile, given 3 months investment horizon. Magellan Financial has Sharpe Ratio of 0.14, which conveys that the firm had a 0.14% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Magellan Financial, which you can use to evaluate the volatility of the firm. Please exercise Magellan Financial's Risk Adjusted Performance of 0.1185, mean deviation of 1.76, and Downside Deviation of 2.47 to check out if our risk estimates are consistent with your expectations.
At this time, Magellan Financial's Common Stock Total Equity is comparatively stable compared to the past year. Common Stock Shares Outstanding is likely to gain to about 254.1 M in 2024, despite the fact that Other Stockholder Equity is likely to grow to (1.4 B). . Magellan Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Magellan |
Sharpe Ratio = 0.1384
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Estimated Market Risk
| 2.41 actual daily | 21 79% of assets are more volatile |
Expected Return
| 0.33 actual daily | 6 94% of assets have higher returns |
Risk-Adjusted Return
| 0.14 actual daily | 10 90% of assets perform better |
Based on monthly moving average Magellan Financial is performing at about 10% 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 Magellan Financial by adding it to a well-diversified portfolio.
Price Book 1.9342 | Price Sales 5.2757 | Shares Float 168.9 M | Dividend Share 0.58 | Wall Street Target Price 10.0141 |
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Magellan Financial Valuation on October 31, 2024
It is possible to determine the worth of Magellan Financial on a given historical date. On October 31, 2024 Magellan was worth 10.55 at the beginning of the trading date compared to the closed value of 10.76. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Magellan Financial stock. Still, in general, we apply an absolute valuation method to find Magellan Financial'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 Financial where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Magellan Financial's related companies.
| Open | High | Low | Close | Volume | |
| 10.89 | 10.89 | 10.42 | 10.60 | 1,275,796 | |
10/31/2024 | 10.55 | 10.85 | 10.40 | 10.76 | 968,417 |
| 10.67 | 10.74 | 10.54 | 10.64 | 318,827 |
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Magellan Financial Trading Date Momentum on October 31, 2024
| On November 01 2024 Magellan Financial Group was traded for 10.64 at the closing time. The maximum traded price for the trading interval was 10.74 and the lowest daily price was 10.54 . The daily volume was recorded at 318.8 K. The volume of trading on 1st 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 1.12% . The trading delta at closing time to the closing price today is 1.49% . |
Magellan Financial Fundamentals Correlations and Trends
By evaluating Magellan Financial'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 Financial'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 Financial Stock history
Magellan Financial 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 Financial 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 Financial stock prices may prove useful in developing a viable investing in Magellan Financial
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 181.1 M | 254.1 M | |
| Net Income Applicable To Common Shares | 210.1 M | 176.2 M |
Magellan Financial Stock Technical Analysis
Magellan Financial 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 Financial Period Price Range
Low | December 11, 2024
| High |
0.00 | 0.00 |
Magellan Financial Group cannot be verified against its exchange. Please verify the symbol is currently traded on Australian Securities 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 Financial December 11, 2024 Market Strength
Market strength indicators help investors to evaluate how Magellan Financial 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 Financial shares will generate the highest return on investment. By undertsting and applying Magellan Financial stock market strength indicators, traders can identify Magellan Financial Group entry and exit signals to maximize returns
Magellan Financial Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Magellan Financial'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 | 0.1185 | |||
| Jensen Alpha | 0.2307 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | 0.0988 | |||
| Treynor Ratio | 0.3209 |
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Additional Tools for Magellan Stock Analysis
When running Magellan Financial's price analysis, check to measure Magellan Financial'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 Magellan Financial is operating at the current time. Most of Magellan Financial's value examination focuses on studying past and present price action to predict the probability of Magellan Financial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Magellan Financial's price. Additionally, you may evaluate how the addition of Magellan Financial to your portfolios can decrease your overall portfolio volatility.