Magna International Stock Forecast - Risk Adjusted Performance
| MGA Stock | USD 47.85 0.01 0.02% |
Magna Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Magna International stock prices and determine the direction of Magna International's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Magna International's historical fundamentals, such as revenue growth or operating cash flow patterns. Although Magna International's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Magna International's systematic risk associated with finding meaningful patterns of Magna International fundamentals over time.
Check out Historical Fundamental Analysis of Magna International to cross-verify your projections. Magna |
Open Interest Against 2024-04-19 Magna Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Magna International'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 Magna International's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Magna International 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 Magna International's open interest, investors have to compare it to Magna International'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 Magna International 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 Magna. 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 Magna International 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 Magna International's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Magna International's price structures and extracts relationships that further increase the generated results' accuracy.
| Check Magna International Volatility | Backtest Magna International | Information Ratio |
Magna International Trading Date Momentum
| On April 19 2024 Magna International was traded for 47.85 at the closing time. Highest Magna International's price during the trading hours was 48.26 and the lowest price during the day was 47.42 . There was no trading activity during the period 0.0. Lack of trading volume on the 19th of April did not cause price change. The trading delta at closing time to current price is 0.86% . |
| Compare Magna International to competition |
Other Forecasting Options for Magna International
For every potential investor in Magna, whether a beginner or expert, Magna International's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Magna Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Magna. Basic forecasting techniques help filter out the noise by identifying Magna International's price trends.Magna International Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Magna International stock to make a market-neutral strategy. Peer analysis of Magna International could also be used in its relative valuation, which is a method of valuing Magna International by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Magna International 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 Magna International'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 Magna International's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Magna International Market Strength Events
Market strength indicators help investors to evaluate how Magna International stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Magna International shares will generate the highest return on investment. By undertsting and applying Magna International stock market strength indicators, traders can identify Magna International entry and exit signals to maximize returns.
Magna International Risk Indicators
The analysis of Magna International'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 Magna International's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting magna 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 | 1.28 | |||
| Standard Deviation | 1.77 | |||
| Variance | 3.14 |
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 Magna International to cross-verify your projections. For information on how to trade Magna Stock refer to our How to Trade Magna Stock guide.Note that the Magna International information on this page should be used as a complementary analysis to other Magna International'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 Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
Complementary 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.
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Is Magna International'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 Magna International. If investors know Magna 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 Magna International 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 1.882 | Dividend Share 1.855 | Earnings Share 4.23 | Revenue Per Share 149.535 | Quarterly Revenue Growth 0.093 |
The market value of Magna International is measured differently than its book value, which is the value of Magna that is recorded on the company's balance sheet. Investors also form their own opinion of Magna International's value that differs from its market value or its book value, called intrinsic value, which is Magna International'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 Magna International's market value can be influenced by many factors that don't directly affect Magna International'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 Magna International's value and its price as these two are different measures arrived at by different means. Investors typically determine if Magna International is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Magna International'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.