Magellan Aerospace Stock Probability of Future Stock Price Finishing Over 10.47
| MAL Stock | CAD 10.68 0.06 0.56% |
Magellan |
Magellan Aerospace Target Price Odds to finish over 10.47
The tendency of Magellan Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to stay above C$ 10.47 in 90 days |
| 10.68 | 90 days | 10.47 | about 20.09 |
Based on a normal probability distribution, the odds of Magellan Aerospace to stay above C$ 10.47 in 90 days from now is about 20.09 (This Magellan Aerospace probability density function shows the probability of Magellan Stock to fall within a particular range of prices over 90 days) . Probability of Magellan Aerospace price to stay between C$ 10.47 and its current price of C$10.68 at the end of the 90-day period is about 7.53 .
Assuming the 90 days trading horizon Magellan Aerospace has a beta of 0.24. This indicates as returns on the market go up, Magellan Aerospace average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Magellan Aerospace will be expected to be much smaller as well. Additionally Magellan Aerospace has an alpha of 0.2345, implying that it can generate a 0.23 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Magellan Aerospace Price Density |
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Predictive Modules for Magellan Aerospace
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Magellan Aerospace. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Magellan Aerospace Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Magellan Aerospace is not an exception. The market had few large corrections towards the Magellan Aerospace's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Magellan Aerospace, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Magellan Aerospace within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.23 | |
β | Beta against Dow Jones | 0.24 | |
σ | Overall volatility | 0.68 | |
Ir | Information ratio | 0.08 |
Magellan Aerospace Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Magellan Aerospace for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Magellan Aerospace can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Magellan Aerospace has accumulated about 2.75 M in cash with (17.3 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.06. | |
| Roughly 79.0% of the company outstanding shares are owned by corporate insiders |
Magellan Aerospace Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Magellan Stock often depends not only on the future outlook of the current and potential Magellan Aerospace's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Magellan Aerospace's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 57.4 M | |
| Cash And Short Term Investments | 1.5 M |
Magellan Aerospace Technical Analysis
Magellan Aerospace's future price can be derived by breaking down and analyzing its technical indicators over time. Magellan Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Magellan Aerospace. In general, you should focus on analyzing Magellan Stock price patterns and their correlations with different microeconomic environments and drivers.
Magellan Aerospace Predictive Forecast Models
Magellan Aerospace's time-series forecasting models is one of many Magellan Aerospace's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Magellan Aerospace's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
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 has accumulated about 2.75 M in cash with (17.3 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.06. | |
| Roughly 79.0% of the company outstanding shares are owned by corporate insiders |
Other Information on Investing in Magellan Stock
Magellan Aerospace financial ratios help investors to determine whether Magellan Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Magellan with respect to the benefits of owning Magellan Aerospace security.