Magna Polonia (Poland) Market Value
| 06N Stock | 2.87 0.01 0.35% |
| Symbol | Magna |
Magna Polonia 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Magna Polonia's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Magna Polonia.
| 12/12/2024 |
| 03/12/2025 |
If you would invest 0.00 in Magna Polonia on December 12, 2024 and sell it all today you would earn a total of 0.00 from holding Magna Polonia SA or generate 0.0% return on investment in Magna Polonia over 90 days. Magna Polonia is related to or competes with Centrum Finansowe, Noble Financials, Monnari Trade, and Alior Bank. More
Magna Polonia Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Magna Polonia's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Magna Polonia SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.065 | |||
| Maximum Drawdown | 9.92 | |||
| Value At Risk | (2.81) | |||
| Potential Upside | 2.62 |
Magna Polonia Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Magna Polonia's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Magna Polonia's standard deviation. In reality, there are many statistical measures that can use Magna Polonia historical prices to predict the future Magna Polonia's volatility.| Risk Adjusted Performance | 0.003 | |||
| Jensen Alpha | 0.0093 | |||
| Total Risk Alpha | 0.2697 | |||
| Treynor Ratio | (0.08) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Magna Polonia's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Magna Polonia SA Backtested Returns
Currently, Magna Polonia SA is slightly risky. Magna Polonia SA has Sharpe Ratio of 0.0319, which conveys that the firm had a 0.0319 % return per unit of risk over the last 3 months. We have found twenty-two technical indicators for Magna Polonia, which you can use to evaluate the volatility of the firm. Please verify Magna Polonia's Mean Deviation of 1.2, risk adjusted performance of 0.003, and Standard Deviation of 1.8 to check out if the risk estimate we provide is consistent with the expected return of 0.0581%. Magna Polonia has a performance score of 2 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.19, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Magna Polonia's returns are expected to increase less than the market. However, during the bear market, the loss of holding Magna Polonia is expected to be smaller as well. Magna Polonia SA right now secures a risk of 1.82%. Please verify Magna Polonia SA maximum drawdown, rate of daily change, and the relationship between the jensen alpha and kurtosis , to decide if Magna Polonia SA will be following its current price movements.
Auto-correlation | 0.52 |
Modest predictability
Magna Polonia SA has modest predictability. Overlapping area represents the amount of predictability between Magna Polonia time series from 12th of December 2024 to 26th of January 2025 and 26th of January 2025 to 12th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Magna Polonia SA price movement. The serial correlation of 0.52 indicates that about 52.0% of current Magna Polonia price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.52 | |
| Spearman Rank Test | 0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Magna Polonia SA lagged returns against current returns
Autocorrelation, which is Magna Polonia stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Magna Polonia's stock expected returns. We can calculate the autocorrelation of Magna Polonia returns to help us make a trade decision. For example, suppose you find that Magna Polonia has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Magna Polonia regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Magna Polonia stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Magna Polonia stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Magna Polonia stock over time.
Current vs Lagged Prices |
| Timeline |
Magna Polonia Lagged Returns
When evaluating Magna Polonia's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Magna Polonia stock have on its future price. Magna Polonia autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Magna Polonia autocorrelation shows the relationship between Magna Polonia stock current value and its past values and can show if there is a momentum factor associated with investing in Magna Polonia SA.
Regressed Prices |
| Timeline |
Pair Trading with Magna Polonia
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Magna Polonia position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Magna Polonia will appreciate offsetting losses from the drop in the long position's value.Moving together with Magna Stock
Moving against Magna Stock
The ability to find closely correlated positions to Magna Polonia could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Magna Polonia when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Magna Polonia - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Magna Polonia SA to buy it.
The correlation of Magna Polonia is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Magna Polonia moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Magna Polonia SA moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Magna Polonia can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Magna Stock Analysis
When running Magna Polonia's price analysis, check to measure Magna Polonia'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 Polonia is operating at the current time. Most of Magna Polonia's value examination focuses on studying past and present price action to predict the probability of Magna Polonia'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 Polonia's price. Additionally, you may evaluate how the addition of Magna Polonia to your portfolios can decrease your overall portfolio volatility.