Magna International Stock Probability of Future Stock Price Finishing Under 59.57
| MG Stock | CAD 61.64 1.96 3.28% |
Magna |
Magna International Target Price Odds to finish below 59.57
The tendency of Magna 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 drop to C$ 59.57 or more in 90 days |
| 61.64 | 90 days | 59.57 | about 87.31 |
Based on a normal probability distribution, the odds of Magna International to drop to C$ 59.57 or more in 90 days from now is about 87.31 (This Magna International probability density function shows the probability of Magna Stock to fall within a particular range of prices over 90 days) . Probability of Magna International price to stay between C$ 59.57 and its current price of C$61.64 at the end of the 90-day period is about 10.4 .
Assuming the 90 days horizon Magna International has a beta of 0.31. This indicates as returns on the market go up, Magna International average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Magna International will be expected to be much smaller as well. Additionally Magna International has an alpha of 0.1531, implying that it can generate a 0.15 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Magna International Price Density |
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Predictive Modules for Magna International
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Magna International. 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Magna International'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.
Magna International Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Magna International is not an exception. The market had few large corrections towards the Magna International'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 Magna International, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Magna International within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.15 | |
β | Beta against Dow Jones | 0.31 | |
σ | Overall volatility | 2.36 | |
Ir | Information ratio | 0.04 |
Magna International 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 Magna International for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Magna International can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Over 77.0% of the company shares are owned by institutional investors | |
| Latest headline from news.google.com: Is Magna International Stock a Buy for its 4.4 percent Dividend Yield - The Motley Fool Canada |
Magna International 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 Magna Stock often depends not only on the future outlook of the current and potential Magna International'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. Magna International's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 286.6 M | |
| Cash And Short Term Investments | 1.2 B |
Magna International Technical Analysis
Magna International's future price can be derived by breaking down and analyzing its technical indicators over time. Magna Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Magna International. In general, you should focus on analyzing Magna Stock price patterns and their correlations with different microeconomic environments and drivers.
Magna International Predictive Forecast Models
Magna International's time-series forecasting models is one of many Magna International'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 Magna International'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 Magna International
Checking the ongoing alerts about Magna International for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Magna International help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Over 77.0% of the company shares are owned by institutional investors | |
| Latest headline from news.google.com: Is Magna International Stock a Buy for its 4.4 percent Dividend Yield - The Motley Fool Canada |
Check out Magna International Backtesting, Magna International Valuation, Magna International Correlation, Magna International Hype Analysis, Magna International Volatility, Magna International History as well as Magna International Performance. To learn how to invest in Magna Stock, please use our How to Invest in Magna International guide.You can also try the Bonds Directory module to find actively traded corporate debentures issued by US companies.