Magna International (Germany) Market Value
| MGA Stock | EUR 41.90 1.77 4.05% |
| Symbol | Magna |
Magna International '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 International'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 International.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Magna International on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Magna International or generate 0.0% return on investment in Magna International over 30 days. Magna International is related to or competes with Wizz Air, Alaska Air, Aedas Homes, Enter Air, DFS Furniture, WIZZ AIR, and Autohome. Magna International Inc. designs, engineers, and manufactures components, assemblies, systems, subsystems, and modules f... More
Magna International 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 International'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 International upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.25 | |||
| Information Ratio | 0.0272 | |||
| Maximum Drawdown | 11.4 | |||
| Value At Risk | (3.64) | |||
| Potential Upside | 5.21 |
Magna International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Magna International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Magna International's standard deviation. In reality, there are many statistical measures that can use Magna International historical prices to predict the future Magna International's volatility.| Risk Adjusted Performance | 0.0675 | |||
| Jensen Alpha | 0.1127 | |||
| Total Risk Alpha | (0.18) | |||
| Sortino Ratio | 0.0292 | |||
| Treynor Ratio | 0.3061 |
Magna International Backtested Returns
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 Mean Deviation of 1.8, downside deviation of 2.25, and Risk Adjusted Performance of 0.0675 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Magna International holds a performance score of 6. The company secures a Beta (Market Risk) of 0.59, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Magna International's returns are expected to increase less than the market. However, during the bear market, the loss of holding Magna International is expected to be smaller as well. Please check Magna International's downside deviation, information ratio, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Magna International's current price movements will revert.
Auto-correlation | 0.28 |
Poor predictability
Magna International has poor predictability. Overlapping area represents the amount of predictability between Magna International time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th of November 2024. 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 International price movement. The serial correlation of 0.28 indicates that nearly 28.0% of current Magna International price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.28 | |
| Spearman Rank Test | 0.61 | |
| Residual Average | 0.0 | |
| Price Variance | 1.25 |
Magna International lagged returns against current returns
Autocorrelation, which is Magna International 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 International's stock expected returns. We can calculate the autocorrelation of Magna International returns to help us make a trade decision. For example, suppose you find that Magna International 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 International 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 International stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Magna International stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Magna International stock over time.
Current vs Lagged Prices |
| Timeline |
Magna International Lagged Returns
When evaluating Magna International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Magna International stock have on its future price. Magna International 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 International autocorrelation shows the relationship between Magna International stock current value and its past values and can show if there is a momentum factor associated with investing in Magna International.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Magna Stock
When determining whether Magna International offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Magna International's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Magna International Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Magna International Stock:Check out Magna International Correlation, Magna International Volatility and Magna International Alpha and Beta module to complement your research on Magna International. For more detail on how to invest in Magna Stock please use our How to Invest in Magna International guide.You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
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.