Magellan Aerospace Stock Market Value
| MALJF Stock | USD 5.81 0.04 0.68% |
| Symbol | Magellan |
Magellan Aerospace 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Magellan Aerospace's pink sheet what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Magellan Aerospace.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in Magellan Aerospace on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding Magellan Aerospace or generate 0.0% return on investment in Magellan Aerospace over 30 days. Magellan Aerospace is related to or competes with V2X, National Presto, Kaman, Woodward, Hexcel, Ducommun Incorporated, and Mercury Systems. Magellan Aerospace Corporation, through its subsidiaries, designs, engineers, manufactures, and sells aero engine and st... More
Magellan Aerospace Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Magellan Aerospace's pink sheet current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Magellan Aerospace upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.04 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 8.25 | |||
| Value At Risk | (2.50) | |||
| Potential Upside | 2.22 |
Magellan Aerospace Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Magellan Aerospace's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Magellan Aerospace's standard deviation. In reality, there are many statistical measures that can use Magellan Aerospace historical prices to predict the future Magellan Aerospace's volatility.| Risk Adjusted Performance | 0.0191 | |||
| Jensen Alpha | 0.0367 | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | (0.08) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Magellan Aerospace's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Magellan Aerospace Backtested Returns
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 Risk Adjusted Performance of 0.0191, downside deviation of 2.04, and Mean Deviation of 0.8733 to check out if the risk estimate we provide is consistent with the expected return of 0.0777%. Magellan Aerospace has a performance score of 5 on a scale of 0 to 100. The company secures a Beta (Market Risk) of -0.26, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Magellan Aerospace are expected to decrease at a much lower rate. During the bear market, Magellan Aerospace is likely to outperform the market. Magellan Aerospace right now secures a risk of 1.17%. Please verify Magellan Aerospace information ratio, value at risk, kurtosis, as well as the relationship between the sortino ratio and semi variance , to decide if Magellan Aerospace will be following its current price movements.
Auto-correlation | 0.47 |
Average predictability
Magellan Aerospace has average predictability. Overlapping area represents the amount of predictability between Magellan Aerospace time series from 20th of March 2024 to 4th of April 2024 and 4th of April 2024 to 19th of April 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Magellan Aerospace price movement. The serial correlation of 0.47 indicates that about 47.0% of current Magellan Aerospace price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.47 | |
| Spearman Rank Test | -0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Magellan Aerospace lagged returns against current returns
Autocorrelation, which is Magellan Aerospace pink sheet's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Magellan Aerospace's pink sheet expected returns. We can calculate the autocorrelation of Magellan Aerospace returns to help us make a trade decision. For example, suppose you find that Magellan Aerospace has exhibited high autocorrelation historically, and you observe that the pink sheet is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Magellan Aerospace regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Magellan Aerospace pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Magellan Aerospace pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Magellan Aerospace pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Magellan Aerospace Lagged Returns
When evaluating Magellan Aerospace's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Magellan Aerospace pink sheet have on its future price. Magellan Aerospace autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Magellan Aerospace autocorrelation shows the relationship between Magellan Aerospace pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Magellan Aerospace.
Regressed Prices |
| Timeline |
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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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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.