Magna International Stock Price on December 24, 2024

MGA Stock  USD 39.53  0.80  1.98%   
If you're considering investing in Magna Stock, it is important to understand the factors that can impact its price. As of today, the current price of Magna International stands at 39.53, as last reported on the 12th of January 2025, with the highest price reaching 39.69 and the lowest price hitting 38.97 during the day. Magna International has Sharpe Ratio of -0.0202, which conveys that the firm had a -0.0202% return per unit of risk over the last 3 months. Magna International exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Magna International's Standard Deviation of 1.96, risk adjusted performance of (0.01), and Mean Deviation of 1.37 to check out the risk estimate we provide.
  
Magna Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.0202

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Estimated Market Risk

 1.96
  actual daily
17
83% of assets are more volatile

Expected Return

 -0.04
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.02
  actual daily
0
Most of other assets perform better
Based on monthly moving average Magna International 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 Magna International by adding Magna International to a well-diversified portfolio.

Magna International Valuation on December 24, 2024

It is possible to determine the worth of Magna International on a given historical date. On December 24, 2024 Magna was worth 42.23 at the beginning of the trading date compared to the closed value of 42.42. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Magna International stock. Still, in general, we apply an absolute valuation method to find Magna International'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 Magna International where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Magna International's related companies.
 Open High Low Close Volume
  41.77    42.05    41.35    42.05    902,931  
12/24/2024
  42.23    42.42    41.71    42.42    430,490  
  42.24    42.60    42.10    42.42    588,302  
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Open Value
42.23
42.42
Closing Value
48.11
Upside

Magna International Trading Date Momentum on December 24, 2024

On December 26 2024 Magna International was traded for  42.42  at the closing time. Highest Magna International's price during the trading hours was 42.60  and the lowest price during the day was  42.10 . The net volume was 588.3 K. The overall trading history on the 26th of December did not cause price change. The trading delta at closing time to current price is 2.95% .

Magna International Fundamentals Correlations and Trends

By evaluating Magna International'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 Magna International's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Magna financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Magna International Stock history

Magna International 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 Magna is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Magna International 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 Magna International stock prices may prove useful in developing a viable investing in Magna International
Magna International Inc. designs, engineers, and manufactures components, assemblies, systems, subsystems, and modules for original equipment manufacturers of vehicles and light trucks worldwide. Magna International Inc. was founded in 1957 and is headquartered in Aurora, Canada. Magna International operates under Auto Parts classification in the United States and is traded on New York Stock Exchange. It employs 161000 people.

Magna International Stock Technical Analysis

Magna International 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.
A focus of Magna International technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Magna International trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Magna International Period Price Range

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January 12, 2025
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Magna International cannot be verified against its exchange. Please verify the symbol is currently traded on New York Stock 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.

Magna International January 12, 2025 Market Strength

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 Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Magna International's price direction in advance. Along with the technical and fundamental analysis of Magna Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Magna 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.

Complementary Tools for Magna Stock analysis

When running Magna International's price analysis, check to measure Magna International'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 Magna International is operating at the current time. Most of Magna International's value examination focuses on studying past and present price action to predict the probability of Magna International's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Magna International's price. Additionally, you may evaluate how the addition of Magna International to your portfolios can decrease your overall portfolio volatility.
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