Magnolia Oil Stock Forecast - Skewness
| MGY Stock | USD 25.68 0.14 0.54% |
Magnolia Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Magnolia Oil stock prices and determine the direction of Magnolia Oil Gas's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Magnolia Oil's historical fundamentals, such as revenue growth or operating cash flow patterns. Although Magnolia Oil's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Magnolia Oil's systematic risk associated with finding meaningful patterns of Magnolia Oil fundamentals over time.
Check out Historical Fundamental Analysis of Magnolia Oil to cross-verify your projections. Magnolia |
Open Interest Against 2024-04-19 Magnolia Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Magnolia Oil's spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in Magnolia Oil's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Magnolia Oil stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current Magnolia Oil's open interest, investors have to compare it to Magnolia Oil's spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of Magnolia Oil is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in Magnolia. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
Most investors in Magnolia Oil cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the Magnolia Oil's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Magnolia Oil's price structures and extracts relationships that further increase the generated results' accuracy.
| Previous Skewness | Skewness | Trend |
| 0 | 0 |
| Check Magnolia Oil Volatility | Backtest Magnolia Oil | Information Ratio |
Magnolia Oil Trading Date Momentum
| On April 18 2024 Magnolia Oil Gas was traded for 25.68 at the closing time. Highest Magnolia Oil's price during the trading hours was 26.13 and the lowest price during the day was 25.62 . The net volume was 2 M. The overall trading history on the 18th of April 2024 did not cause price change. The trading delta at closing time to current price is 1.44% . |
| Compare Magnolia Oil to competition |
Other Forecasting Options for Magnolia Oil
For every potential investor in Magnolia, whether a beginner or expert, Magnolia Oil's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Magnolia Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Magnolia. Basic forecasting techniques help filter out the noise by identifying Magnolia Oil's price trends.View Magnolia Oil Related Equities
| Risk & Return | Correlation |
Magnolia Oil Gas Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Magnolia Oil's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Magnolia Oil's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Magnolia Oil Market Strength Events
Market strength indicators help investors to evaluate how Magnolia Oil stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Magnolia Oil shares will generate the highest return on investment. By undertsting and applying Magnolia Oil stock market strength indicators, traders can identify Magnolia Oil Gas entry and exit signals to maximize returns.
| Accumulation Distribution | 39422.9 | |||
| Daily Balance Of Power | (0.27) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 25.88 | |||
| Day Typical Price | 25.81 | |||
| Price Action Indicator | (0.27) | |||
| Period Momentum Indicator | (0.14) | |||
| Relative Strength Index | 74.65 |
Magnolia Oil Risk Indicators
The analysis of Magnolia Oil's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Magnolia Oil's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting magnolia stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 0.9955 | |||
| Semi Deviation | 0.7487 | |||
| Standard Deviation | 1.34 | |||
| Variance | 1.8 | |||
| Downside Variance | 1.5 | |||
| Semi Variance | 0.5606 | |||
| Expected Short fall | (1.18) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
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Try AI Portfolio ArchitectCheck out Historical Fundamental Analysis of Magnolia Oil to cross-verify your projections. Note that the Magnolia Oil Gas information on this page should be used as a complementary analysis to other Magnolia Oil's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
Complementary Tools for Magnolia Stock analysis
When running Magnolia Oil's price analysis, check to measure Magnolia Oil'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 Magnolia Oil is operating at the current time. Most of Magnolia Oil's value examination focuses on studying past and present price action to predict the probability of Magnolia Oil's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Magnolia Oil's price. Additionally, you may evaluate how the addition of Magnolia Oil to your portfolios can decrease your overall portfolio volatility.
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Is Magnolia Oil's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Magnolia Oil. If investors know Magnolia will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Magnolia Oil listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.56) | Dividend Share 0.475 | Earnings Share 2.04 | Revenue Per Share 6.52 | Quarterly Revenue Growth (0.08) |
The market value of Magnolia Oil Gas is measured differently than its book value, which is the value of Magnolia that is recorded on the company's balance sheet. Investors also form their own opinion of Magnolia Oil's value that differs from its market value or its book value, called intrinsic value, which is Magnolia Oil's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Magnolia Oil's market value can be influenced by many factors that don't directly affect Magnolia Oil's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Magnolia Oil's value and its price as these two are different measures arrived at by different means. Investors typically determine if Magnolia Oil is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Magnolia Oil's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.