Magna Total Assets from 2010 to 2026
| MG Stock | CAD 91.58 0.47 0.52% |
Total Assets | First Reported 1986-06-30 | Previous Quarter 32.9 B | Current Value 31.4 B | Quarterly Volatility 9.9 B |
Check Magna International financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Magna International's main balance sheet or income statement drivers, such as Depreciation And Amortization of 1.8 B, Interest Expense of 223.3 M or Selling General Administrative of 1.1 B, as well as many indicators such as Price To Sales Ratio of 0.51, Dividend Yield of 0.0438 or PTB Ratio of 1.1. Magna financial statements analysis is a perfect complement when working with Magna International Valuation or Volatility modules.
Magna | Total Assets |
Evaluating Magna International's Total Assets across multiple reporting periods reveals the company's ability to sustain growth and manage resources effectively. This longitudinal analysis highlights inflection points, cyclical patterns, and structural changes that short-term snapshots might miss, offering deeper insight into Magna International's fundamental strength.
Latest Magna International's Total Assets Growth Pattern
Below is the plot of the Total Assets of Magna International over the last few years. Total assets refers to the total amount of Magna International assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Magna International books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. It is the total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets. Magna International's Total Assets historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Magna International's overall financial position and show how it may be relating to other accounts over time.
| View | Last Reported 31.36 B | 10 Years Trend |
|
Total Assets |
| Timeline |
Magna Total Assets Regression Statistics
| Arithmetic Mean | 23,590,461,371 | |
| Geometric Mean | 19,655,674,342 | |
| Coefficient Of Variation | 34.97 | |
| Mean Deviation | 6,386,474,070 | |
| Median | 25,790,000,000 | |
| Standard Deviation | 8,250,749,322 | |
| Sample Variance | 68074864.4T | |
| Range | 32.3B | |
| R-Value | 0.91 | |
| Mean Square Error | 12004807.8T | |
| R-Squared | 0.83 | |
| Slope | 1,492,732,158 | |
| Total Sum of Squares | 1089197830T |
Magna Total Assets History
About Magna International Financial Statements
Magna International investors utilize fundamental indicators, such as Total Assets, to predict how Magna Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| Total Assets | 31.4 B | 32.9 B | |
| Intangibles To Total Assets | 0.10 | 0.05 |
Pair Trading with Magna International
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Magna International position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Magna International will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Magna International could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Magna International when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Magna International - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Magna International to buy it.
The correlation of Magna International is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Magna International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Magna International moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Magna International can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out the analysis of Magna International Correlation against competitors. To learn how to invest in Magna Stock, please use our How to Invest in Magna International guide.You can also try the Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.