Magna International (Germany) Price on November 6, 2024
| MGA Stock | EUR 41.90 1.77 4.05% |
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 41.90, as last reported on the 29th of November, with the highest price reaching 41.90 and the lowest price hitting 41.90 during the day. Magna International appears to be very steady, given 3 months investment horizon. Magna International has Sharpe Ratio of 0.0839, which conveys that the firm had a 0.0839% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Magna International, which you can use to evaluate the volatility of the firm. Please exercise Magna International's Risk Adjusted Performance of 0.0675, downside deviation of 2.25, and Mean Deviation of 1.8 to check out if our risk estimates are consistent with your expectations.
Magna Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Magna |
Sharpe Ratio = 0.0839
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | MGA | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 2.44 actual daily | 21 79% of assets are more volatile |
Expected Return
| 0.2 actual daily | 3 97% of assets have higher returns |
Risk-Adjusted Return
| 0.08 actual daily | 6 94% of assets perform better |
Based on monthly moving average Magna International is performing at about 6% 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 Magna International by adding it to a well-diversified portfolio.
Magna International Valuation on November 6, 2024
It is possible to determine the worth of Magna International on a given historical date. On November 6, 2024 Magna was worth 39.97 at the beginning of the trading date compared to the closed value of 39.97. 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 | |
| 38.25 | 38.25 | 37.97 | 37.97 | 615.00 | |
11/06/2024 | 39.97 | 39.97 | 39.97 | 39.97 | 1.00 |
| 38.68 | 38.68 | 38.68 | 38.68 | 1.00 |
| Backtest Magna International | | | Magna International History | | | Magna International Valuation | Previous | Next |
Magna International Trading Date Momentum on November 6, 2024
| On November 07 2024 Magna International was traded for 38.68 at the closing time. The highest daily price throughout the period was 38.68 and the lowest price was 38.68 . There was no trading activity during the period 1.0. Lack of trading volume on 11/07/2024 added to the next day price reduction. The trading delta at closing time to closing price of the next trading day was 3.23% . The trading delta at closing time to current closing price is 4.20% . |
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 INTL operates under Auto Parts classification in Germany and is traded on Frankfurt Stock Exchange. It employs 158000 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.
Price Boundaries
Magna International Period Price Range
Low | November 29, 2024
| High |
0.00 | 0.00 |
Magna International cannot be verified against its exchange. Please verify the symbol is currently traded on Frankfurt 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 November 29, 2024 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.
| Risk Adjusted Performance | 0.0675 | |||
| Jensen Alpha | 0.1127 | |||
| Total Risk Alpha | (0.18) | |||
| Sortino Ratio | 0.0292 | |||
| Treynor Ratio | 0.3061 |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
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.
| Equity Search Search for actively traded equities including funds and ETFs from over 30 global markets | |
| Stocks Directory Find actively traded stocks across global markets | |
| Options Analysis Analyze and evaluate options and option chains as a potential hedge for your portfolios | |
| Bond Analysis Evaluate and analyze corporate bonds as a potential investment for your portfolios. | |
| Portfolio Center All portfolio management and optimization tools to improve performance of your portfolios | |
| Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios | |
| Idea Analyzer Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas | |
| Investing Opportunities Build portfolios using our predefined set of ideas and optimize them against your investing preferences | |
| Portfolio Anywhere Track or share privately all of your investments from the convenience of any device |