Magna International (Mexico) Market Value
| MGAN Stock | MXN 780.00 0.00 0.00% |
| 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.
| 12/12/2024 |
| 03/12/2025 |
If you would invest 0.00 in Magna International on December 12, 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 90 days. Magna International is related to or competes with First Republic, FIBRA Storage, Southwest Airlines, Lloyds Banking, KB Home, Samsung Electronics, and Capital One. Magna International Inc. designs, develops, and manufactures automotive systems, assemblies, modules, and components in ... 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.
| Information Ratio | 0.0271 | |||
| Maximum Drawdown | 19.99 | |||
| Potential Upside | 0.0616 |
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 | (0.03) | |||
| Jensen Alpha | (0.1) | |||
| Total Risk Alpha | 0.2216 | |||
| Treynor Ratio | 0.6389 |
Magna International Backtested Returns
Magna International has Sharpe Ratio of -0.0973, which conveys that the firm had a -0.0973 % return per unit of risk over the last 3 months. Magna International exposes seventeen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Magna International's Risk Adjusted Performance of (0.03), standard deviation of 1.91, and Mean Deviation of 0.4206 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.13, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Magna International are expected to decrease at a much lower rate. During the bear market, Magna International is likely to outperform the market. At this point, Magna International has a negative expected return of -0.18%. Please make sure to verify Magna International's standard deviation, information ratio, maximum drawdown, as well as the relationship between the variance and jensen alpha , to decide if Magna International performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.00 |
No correlation between past and present
Magna International has no correlation between past and present. Overlapping area represents the amount of predictability between Magna International 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 International price movement. The serial correlation of 0.0 indicates that just 0.0% of current Magna International price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | -0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 2755.17 |
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 |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional 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.