Magna Competitors
| MGA Stock | USD 54.59 0.57 1.06% |
Magna International vs American Axle Correlation
Very weak diversification
The correlation between Magna International and AXL is 0.48 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Magna International and AXL in the same portfolio, assuming nothing else is changed.
Moving against Magna Stock
| 0.74 | MTEN | Mingteng International | PairCorr |
| 0.7 | N37 | National Tyre Wheel | PairCorr |
| 0.65 | M4HA | METAIR INVTS LTD | PairCorr |
| 0.52 | DORM | Dorman Products | PairCorr |
| 0.39 | 54M | Motorcar Parts Earnings Call Today | PairCorr |
Magna International Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Magna International and its competitors represents the degree of relationship between the price movements of corresponding stocks. A correlation of about +1.0 implies that the price of Magna and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Magna International does not affect the price movement of the other competitor.
High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Magna Stock performing well and Magna International Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Magna International's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ALSN | 1.25 | 0.46 | 0.35 | 0.56 | 0.80 | 3.31 | 7.29 | |||
| APTV | 1.84 | (0.10) | (0.02) | 0.02 | 2.31 | 3.59 | 11.51 | |||
| LKQ | 1.45 | 0.12 | 0.09 | 0.17 | 1.33 | 3.36 | 9.62 | |||
| LEA | 1.61 | 0.31 | 0.21 | 0.30 | 1.28 | 3.79 | 8.69 | |||
| BWA | 1.25 | 0.17 | 0.12 | 0.20 | 1.47 | 3.70 | 8.11 | |||
| ALV | 1.20 | 0.00 | 0.01 | 0.08 | 1.52 | 3.13 | 8.44 | |||
| VC | 1.60 | (0.18) | 0.00 | (0.05) | 0.00 | 4.30 | 8.62 | |||
| GNTX | 1.13 | (0.01) | (0.01) | 0.07 | 1.23 | 2.72 | 8.90 | |||
| ADNT | 2.55 | 0.10 | 0.03 | 0.15 | 3.84 | 5.22 | 16.72 | |||
| FOXF | 2.32 | (0.25) | 0.00 | (0.15) | 0.00 | 4.58 | 27.28 |
Cross Equities Net Income Analysis
Compare Magna International and related stocks such as Allison Transmission, Aptiv PLC, and LKQ Corporation Net Income Over Time
Select Fundamental| 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ALSN | 29.6 M | 103 M | 514.2 M | 165.4 M | 228.6 M | 182 M | 215 M | 504 M | 639 M | 604 M | 299 M | 442 M | 531 M | 673 M | 731 M | 840.6 M | 429.8 M |
| APTV | 1.1 B | 1.1 B | 1.1 B | 1.2 B | 1.4 B | 1.4 B | 1.3 B | 1.4 B | 1.1 B | 990 M | 1.8 B | 590 M | 594 M | 2.9 B | 1.8 B | 165 M | 156.8 M |
| LKQ | 1000 K | 210.3 M | 261.2 M | 311.6 M | 381.5 M | 423.2 M | 464 M | 533.7 M | 480.1 M | 541.3 M | 638.4 M | 1.1 B | 1.1 B | 936 M | 690 M | 793.5 M | 833.2 M |
| LEA | (13.8 M) | 540.7 M | 1.3 B | 431.4 M | 672.4 M | 745.5 M | 975.1 M | 1.3 B | 1.1 B | 789.5 M | 158.5 M | 373.9 M | 327.7 M | 572.5 M | 506.6 M | 436.8 M | 363.6 M |
| BWA | (12.1 M) | 550.1 M | 500.9 M | 624.3 M | 655.8 M | 609.7 M | 118.5 M | 439.9 M | 930.7 M | 746 M | 500 M | 537 M | 944 M | 625 M | 338 M | 388.7 M | 335.4 M |
| ALV | (579.6 M) | 623.4 M | 483.1 M | 485.8 M | 467.8 M | 456.8 M | 567.1 M | 427.1 M | 190.4 M | 461.5 M | 187 M | 435 M | 423 M | 488 M | 646 M | 735 M | 771.8 M |
| VC | 245 M | 80 M | 100 M | 690 M | (295 M) | 2.3 B | 75 M | 176 M | 164 M | 70 M | (56 M) | 41 M | 124 M | 486 M | 274 M | 315.1 M | 330.9 M |
| GNTX | 300 K | 164.7 M | 168.6 M | 222.9 M | 288.6 M | 318.5 M | 347.6 M | 406.8 M | 437.9 M | 424.7 M | 347.6 M | 360.8 M | 318.8 M | 428.4 M | 404.5 M | 384.8 M | 404.1 M |
| ADNT | 187 M | 187 M | 187 M | 307 M | 475 M | (1.5 B) | 877 M | (1.7 B) | (408 M) | (486 M) | 1.1 B | (120 M) | 205 M | 18 M | (281 M) | (323.1 M) | (307 M) |
| FOXF | 10.8 M | 13.5 M | 14.2 M | 24.1 M | 27.7 M | 25 M | 35.7 M | 43.1 M | 84 M | 93 M | 90.7 M | 163.8 M | 205.3 M | 120.8 M | 6.5 M | 7.5 M | 7.2 M |
| DAN | 165.1 M | 219 M | 269 M | 244 M | 319 M | 159 M | 640 M | 111 M | 427 M | 226 M | (31 M) | 197 M | (242 M) | 38 M | (57 M) | (51.3 M) | (48.7 M) |
| DORM | 1.9 M | 53.3 M | 71 M | 81.9 M | 90 M | 92.3 M | 106 M | 106.6 M | 133.6 M | 83.8 M | 106.9 M | 131.5 M | 121.5 M | 129.3 M | 190 M | 218.5 M | 229.4 M |
Magna International and related stocks such as Allison Transmission, Aptiv PLC, and LKQ Corporation Net Income description
Net income is one of the most important fundamental items in finance. It plays a large role in Magna International financial statement analysis. It represents the amount of money remaining after all of Magna International operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Magna International Competitive Analysis
The better you understand Magna International competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Magna International's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Magna International's competition over several years is one of the best ways to analyze its investment potential.| Better Than Average | Worse Than Peers | View Performance Chart |
Magna International Competition Performance Charts
Five steps to successful analysis of Magna International Competition
Magna International's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Magna International in relation to its competition. Magna International's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of Magna International in the market, both direct and indirect, as well as new entrants and disruptive technologies.
- Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
- Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Magna International's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Magna International, and developing a strategy to address them.
- Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
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Check out Magna International Correlation with its peers. For information on how to trade Magna Stock refer to our How to Trade Magna Stock guide.You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
Is Automotive Parts & Equipment space 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. Expected growth trajectory for Magna significantly influences the price investors are willing to assign. The financial industry is built on trying to define current growth potential and future valuation accurately. Comprehensive Magna International assessment requires weighing all these inputs, though not all factors influence outcomes equally.
Quarterly Earnings Growth (0.36) | Dividend Share 1.94 | Earnings Share 3.65 | Revenue Per Share | Quarterly Revenue Growth 0.018 |
Investors evaluate Magna International using market value (trading price) and book value (balance sheet equity), each telling a different story. Calculating Magna International's intrinsic value - the estimated true worth - helps identify when the stock trades at a discount or premium to fair value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. External factors like market trends, sector rotation, and investor psychology can cause Magna International's market price to deviate significantly from intrinsic value.
Understanding that Magna International's value differs from its trading price is crucial, as each reflects different aspects of the company. Evaluating whether Magna International represents a sound investment requires analyzing earnings trends, revenue growth, technical signals, industry dynamics, and expert forecasts. Conversely, Magna International's market price signifies the transaction level at which participants voluntarily complete trades.