Magna Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Magna International's historical fundamentals, such as revenue growth or operating cash flow patterns.
Magna
On November 28, 2024 Magna International had Day Median Price of 42.54. Median Price is the statistical median of an asset price for a given trading period.
On November 29 2024 Magna International was traded for 42.20 at the closing time. The highest daily price throughout the period was 42.20 and the lowest price was 42.14 . The daily volume was 198. The net trading volume on 11/29/2024 added to the next day price reduction. The trading delta at closing time to closing price of the next trading day was 0.80% . The trading delta at closing time to current closing price is 1.22% .
The median price is the midpoint of the trading periods range.
For every potential investor in Magna, whether a beginner or expert, Magna International's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Magna Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Magna. Basic forecasting techniques help filter out the noise by identifying Magna International's price trends.
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Magna International stock to make a market-neutral strategy. Peer analysis of Magna International could also be used in its relative valuation, which is a method of valuing Magna International by comparing valuation metrics with similar companies.
Magna International Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Magna International's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Magna International's current price.
Market strength indicators help investors to evaluate how Magna International stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Magna International shares will generate the highest return on investment. By undertsting and applying Magna International stock market strength indicators, traders can identify Magna International entry and exit signals to maximize returns.
The analysis of Magna International's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Magna International's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting magna stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Additional Information and Resources on Investing in Magna Stock
When determining whether Magna International offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Magna International's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Magna International Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Magna International Stock:
Please note, there is a significant difference between Magna International's value and its price as these two are different measures arrived at by different means. Investors typically determine if Magna International is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Magna International'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.