Magellan Midstream Technical Analysis

Magellan Midstream Partners L P -- USA Stock  

USD 68.89  0.03  0.0435%

Magellan Midstream Partners L P secures Downside Deviation of 0.9173, Mean Deviation of 0.7824 and Risk Adjusted Performance of 0.1222. In connection with Fundamental Indicators, Macroaxis technical analysis interface lets you check existing technical drivers of Magellan Midstream P as well as the relationship between them. Strictly speaking you can use this information to find out if the firm will indeed mirror its model of past prices or the prices will eventually revert. We found nineteen technical drivers for Magellan Midstream which can be compared to its peers in the industry. Please verify Magellan Midstream P Information Ratio as well as the relationship between Potential Upside and Kurtosis to decide if Magellan Midstream Partners L P is priced some-what accurately providing market reflects its recent price of 68.89 per share. Given that Magellan Midstream P has Jensen Alpha of 0.0495, we recommend you check Magellan Midstream last-minute market performance to make sure the company can sustain itself at future point.
Investment Horizon     30 Days    Login   to change

Magellan Midstream P Trend Analysis

Use this graph to draw trend lines for Magellan Midstream Partners L P. You can use it to identify possible trend reversals for Magellan Midstream as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Magellan Midstream price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Magellan Midstream Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Magellan Midstream Partners L P applied against its price change over selected period. The best fit line has a slop of 0.21 % which may imply that Magellan Midstream Partners L P will maintain its good market sentiment and make money for investors. It has 34 observation points and a regression sum of squares at 37.03, which is the sum of squared deviations for the predicted Magellan Midstream price change compared to its average price change.

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Magellan Midstream Partners L P is rated below average in mean deviation category among related companies. It is rated below average in standard deviation category among related companies creating about  1.42  of Standard Deviation per Mean Deviation. The ratio of Standard Deviation to Mean Deviation for Magellan Midstream Partners L P is roughly  1.42