Magellan Aerospace Stock Price on June 10, 2021
| MALJF Stock | USD 5.81 0.04 0.68% |
If you're considering investing in Magellan Pink Sheet, it is important to understand the factors that can impact its price. As of today, the current price of Magellan Aerospace stands at 5.81, as last reported on the 19th of April, with the highest price reaching 5.81 and the lowest price hitting 5.81 during the day. We consider Magellan Aerospace not too volatile. Magellan Aerospace has Sharpe Ratio of 0.0663, which conveys that the firm had a 0.0663% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Magellan Aerospace, which you can use to evaluate the volatility of the firm. Please verify Magellan Aerospace's Mean Deviation of 0.8733, downside deviation of 2.04, and Risk Adjusted Performance of 0.0191 to check out if the risk estimate we provide is consistent with the expected return of 0.0777%.
Magellan Pink Sheet price history is provided at the adjusted basis, taking into account all of the recent filings.
Magellan |
Sharpe Ratio = 0.0663
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Estimated Market Risk
| 1.17 actual daily | 10 90% of assets are more volatile |
Expected Return
| 0.08 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.07 actual daily | 5 95% of assets perform better |
Based on monthly moving average Magellan Aerospace is performing at about 5% of its full potential. 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 Aerospace by adding it to a well-diversified portfolio.
Magellan Aerospace Valuation on June 10, 2021
It is possible to determine the worth of Magellan Aerospace on a given historical date. On June 10, 2021 Magellan was worth 7.86 at the beginning of the trading date compared to the closed value of 7.66. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Magellan Aerospace pink sheet. Still, in general, we apply an absolute valuation method to find Magellan Aerospace'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 Aerospace where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Magellan Aerospace's related companies.
| Open | High | Low | Close | Volume | |
04/05/2022 | 7.86 | 7.92 | 7.66 | 7.66 | 300.00 |
| 7.79 | 7.80 | 7.54 | 7.54 | 1,100 |
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Magellan Aerospace Trading Date Momentum on June 10, 2021
The event impact on price volatility cannot be determined at this time. Please check this event after some time to allow current data to be analyzed.Magellan Aerospace Fundamentals Correlations and Trends
By evaluating Magellan Aerospace'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 Aerospace'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 Aerospace Pink Sheet history
Magellan Aerospace 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 Aerospace 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 Aerospace stock prices may prove useful in developing a viable investing in Magellan Aerospace
Magellan Aerospace Corporation, through its subsidiaries, designs, engineers, manufactures, and sells aero engine and structure components for the aerospace markets in Canada, the United States, Europe, and Asia. Magellan Aerospace Corporation was incorporated in 1996 and is headquartered in Mississauga, Canada. Magellan Aerospace operates under Aerospace Defense classification in the United States and is traded on OTC Exchange. It employs 3400 people.
Magellan Aerospace Pink Sheet Technical Analysis
Magellan Aerospace technical pink sheet 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, pink sheet market cycles, or different charting patterns.
Price Boundaries
Magellan Aerospace Period Price Range
Low | April 5, 2022
| High |
7.86 | 7.66 |
Magellan Aerospace April 19, 2024 Market Strength
Market strength indicators help investors to evaluate how Magellan Aerospace pink sheet reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Magellan Aerospace shares will generate the highest return on investment. By undertsting and applying Magellan Aerospace pink sheet market strength indicators, traders can identify Magellan Aerospace entry and exit signals to maximize returns
Magellan Aerospace Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Magellan Aerospace's price direction in advance. Along with the technical and fundamental analysis of Magellan Pink Sheet 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.
| Risk Adjusted Performance | 0.0191 | |||
| Jensen Alpha | 0.0367 | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | (0.08) |
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Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Magellan Aerospace. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in inflation. You can also try the Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.
Complementary Tools for Magellan Pink Sheet analysis
When running Magellan Aerospace's price analysis, check to measure Magellan Aerospace'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 Magellan Aerospace is operating at the current time. Most of Magellan Aerospace's value examination focuses on studying past and present price action to predict the probability of Magellan Aerospace's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Magellan Aerospace's price. Additionally, you may evaluate how the addition of Magellan Aerospace to your portfolios can decrease your overall portfolio volatility.
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