Magellan Midstream Partners Price on August 2, 2023

MMPDelisted Stock  USD 69.00  0.44  0.63%   
If you're considering investing in Magellan Stock, it is important to understand the factors that can impact its price. As of today, the current price of Magellan Midstream stands at 69.00, as last reported on the 5th of May, with the highest price reaching 69.90 and the lowest price hitting 68.80 during the day. We have found thirty technical indicators for Magellan Midstream, which you can use to evaluate the volatility of the firm. Please verify Magellan Midstream's Mean Deviation of 0.6183, downside deviation of 0.799, and Risk Adjusted Performance of 0.1943 to check out if the risk estimate we provide is consistent with the expected return of 0.0%.
  
Magellan Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = 0.0

Best PortfolioBest Equity
Good Returns
Average Returns
Small Returns
CashSmall RiskAverage RiskHigh RiskHuge Risk
MMP
Based on monthly moving average Magellan Midstream 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 Magellan Midstream by adding Magellan Midstream to a well-diversified portfolio.

Magellan Midstream Valuation on August 2, 2023

It is possible to determine the worth of Magellan Midstream on a given historical date. On August 2, 2023 Magellan was worth 65.54 at the beginning of the trading date compared to the closed value of 63.79. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Magellan Midstream stock. Still, in general, we apply an absolute valuation method to find Magellan Midstream'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 Magellan Midstream where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Magellan Midstream's related companies.
 Open High Low Close Volume
  66.00    66.05    64.47    64.47    854,714  
08/02/2023
  65.54    65.70    63.79    63.79    698,721  
  65.49    65.54    64.19    64.19    1,112,014  
Backtest Magellan Midstream  |  Magellan Midstream History  |  Magellan Midstream Valuation   PreviousNext  
Open Value
65.54
63.79
Closing Value
65.54
Upside

Magellan Midstream Trading Date Momentum on August 2, 2023

On August 03 2023 Magellan Midstream Partners was traded for  64.19  at the closing time. Highest Magellan Midstream's price during the trading hours was 65.54  and the lowest price during the day was  64.19 . The net volume was 1.1 M. The overall trading history on the 3rd of August contributed to the next trading period price gain. The trading delta at closing time to the next next day price was 0.63% . The trading delta at closing time to current price is 2.56% .

Magellan Midstream Fundamentals Correlations and Trends

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

About Magellan Midstream Stock history

Magellan Midstream 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 Magellan is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Magellan Midstream 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 Magellan Midstream stock prices may prove useful in developing a viable investing in Magellan Midstream
Magellan Midstream Partners, L.P. engages in the transportation, storage, and distribution of refined petroleum products and crude oil in the United States. The company was incorporated in 2000 and is headquartered in Tulsa, Oklahoma. Magellan Midstream operates under Oil Gas Midstream classification in the United States and is traded on New York Stock Exchange. It employs 1715 people.

Magellan Midstream Stock Technical Analysis

Magellan Midstream 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, delisted stock market cycles, or different charting patterns.
A focus of Magellan Midstream technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Magellan Midstream 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

Magellan Midstream Period Price Range

Low
August 2, 2023
-1.75  -2.67%
High

 65.54 

     

 63.79 

Magellan Midstream May 5, 2024 Market Strength

Market strength indicators help investors to evaluate how Magellan Midstream stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Magellan Midstream shares will generate the highest return on investment. By undertsting and applying Magellan Midstream stock market strength indicators, traders can identify Magellan Midstream Partners entry and exit signals to maximize returns

Magellan Midstream Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Magellan Midstream's price direction in advance. Along with the technical and fundamental analysis of Magellan Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Magellan 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.
Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population.
You can also try the Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.

Other Consideration for investing in Magellan Stock

If you are still planning to invest in Magellan Midstream check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Magellan Midstream's history and understand the potential risks before investing.
Portfolio Volatility
Check portfolio volatility and analyze historical return density to properly model market risk
Equity Analysis
Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities
Portfolio Backtesting
Avoid under-diversification and over-optimization by backtesting your portfolios
My Watchlist Analysis
Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like
Share Portfolio
Track or share privately all of your investments from the convenience of any device
Pair Correlation
Compare performance and examine fundamental relationship between any two equity instruments
Portfolio Dashboard
Portfolio dashboard that provides centralized access to all your investments
Alpha Finder
Use alpha and beta coefficients to find investment opportunities after accounting for the risk
Portfolio Suggestion
Get suggestions outside of your existing asset allocation including your own model portfolios
Portfolio Center
All portfolio management and optimization tools to improve performance of your portfolios
Economic Indicators
Top statistical indicators that provide insights into how an economy is performing
Competition Analyzer
Analyze and compare many basic indicators for a group of related or unrelated entities