Magellan OTC Stock Performance

MALJF -  USA Stock  

USD 7.30  0.10  1.35%

The company secures a Beta (Market Risk) of 0.2143, which conveys not very significant fluctuations relative to the market. Let's try to break down what Magellan's beta means in this case. As returns on the market increase, Magellan Aerospace returns are expected to increase less than the market. However, during the bear market, the loss on holding Magellan Aerospace will be expected to be smaller as well. Even though it is essential to pay attention to Magellan Aerospace price patterns, it is always good to be careful when utilizing equity historical price patterns. Our philosophy towards estimating any stock's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Magellan Aerospace exposes twenty-one different technical indicators, which can help you to evaluate its performance. Magellan Aerospace has an expected return of -0.19%. Please be advised to verify Magellan Aerospace C standard deviation, value at risk, kurtosis, as well as the relationship between the jensen alpha and semi variance to decide if Magellan Aerospace performance from the past will be repeated at some point in the near future.

Magellan O TC Stock Performance 

 
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Magellan Performance
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Over the last 90 days Magellan Aerospace C has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of latest weak performance, the Stock's forward-looking indicators remain sound and the latest tumult on Wall Street may also be a sign of longer-term gains for the firm shareholders. ...more

Magellan Price Channel

Quick Ratio2.00
Fifty Two Week Low6.83
Fifty Two Week High9.53
Trailing Annual Dividend Yield5.68%

Magellan Aerospace Relative Risk vs. Return Landscape

If you would invest  828.00  in Magellan Aerospace C on September 9, 2021 and sell it today you would lose (98.00)  from holding Magellan Aerospace C or give up 11.84% of portfolio value over 90 days. Magellan Aerospace C is currently producing negative expected returns and takes up 1.8762% volatility of returns over 90 trading days. Put another way, 16% of traded otc stocks are less volatile than Magellan, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days.
 Daily Expected Return (%) 
      Risk (%) 
Assuming the 90 days horizon Magellan Aerospace is expected to under-perform the market. In addition to that, the company is 2.13 times more volatile than its market benchmark. It trades about -0.1 of its total potential returns per unit of risk. The DOW is currently generating roughly 0.05 per unit of volatility.

Magellan Aerospace Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Magellan Aerospace's investment risk. Standard deviation is the most common way to measure market volatility of otc stocks, such as Magellan Aerospace C, and traders can use it to determine the average amount a Magellan Aerospace's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.

Sharpe Ratio = -0.1006

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Negative ReturnsMALJF
Estimated Market Risk
 1.88
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 16 %
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Expected Return
 -0.19
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Based on monthly moving average Magellan Aerospace is performing at about 0% 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.

About Magellan Aerospace Performance

To evaluate Magellan Aerospace OTC Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Magellan Aerospace generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Magellan OTC Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Magellan Aerospace stock market performance in a much more refined way. At Macroaxis, we take it even further. The Macroaxis performance score is an integer between 0 and 100 that represents Magellan's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.
Magellan Aerospace Corporation, through its subsidiaries, designs, engineers, manufactures, and sells aero engine, and aero structure assemblies and components for the aerospace markets in Canada, the United States, Europe, and Asia. Magellan Aerospace Corporation was founded in 1994 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.

Things to note about Magellan Aerospace

Checking the ongoing alerts about Magellan Aerospace for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Magellan Aerospace help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.

Magellan Aerospace Alerts

Equity Alerts and Improvement Suggestions

Magellan Aerospace generated a negative expected return over the last 90 days
Magellan Aerospace has high likelihood to experience some financial distress in the next 2 years
The company reported the revenue of 687.35 M. Net Loss for the year was (18.54 M) with profit before overhead, payroll, taxes, and interest of 77.8 M.
About 79.0% of the company outstanding shares are owned by corporate insiders
Additionally, see Stocks Correlation. Note that the Magellan Aerospace information on this page should be used as a complementary analysis to other Magellan Aerospace'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 Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.

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Is Magellan Aerospace'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 Magellan Aerospace. If investors know Magellan 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 Magellan Aerospace listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Magellan Aerospace is measured differently than its book value, which is the value of Magellan that is recorded on the company's balance sheet. Investors also form their own opinion of Magellan Aerospace's value that differs from its market value or its book value, called intrinsic value, which is Magellan Aerospace'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 Magellan Aerospace's market value can be influenced by many factors that don't directly affect Magellan Aerospace'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 Magellan Aerospace's value and its price as these two are different measures arrived at by different means. Investors typically determine Magellan Aerospace value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Magellan Aerospace'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.