Magna International (Germany) Price on February 14, 2024
| MGA Stock | EUR 42.30 0.90 2.08% |
If you're considering investing in Magna Stock, it is important to understand the factors that can impact its price. As of today, the current price of Magna International stands at 42.30, as last reported on the 11th of December 2024, with the highest price reaching 42.59 and the lowest price hitting 42.30 during the day. Magna International appears to be very steady, given 3 months investment horizon. Magna International has Sharpe Ratio of 0.14, which conveys that the firm had a 0.14% return per unit of risk over the last 3 months. We have found thirty technical indicators for Magna International, which you can use to evaluate the volatility of the firm. Please exercise Magna International's Downside Deviation of 2.21, mean deviation of 1.76, and Risk Adjusted Performance of 0.1125 to check out if our risk estimates are consistent with your expectations.
Magna Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Magna |
Sharpe Ratio = 0.144
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Estimated Market Risk
| 2.36 actual daily | 21 79% of assets are more volatile |
Expected Return
| 0.34 actual daily | 6 94% of assets have higher returns |
Risk-Adjusted Return
| 0.14 actual daily | 11 89% of assets perform better |
Based on monthly moving average Magna International is performing at about 11% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Magna International by adding it to a well-diversified portfolio.
Magna International Valuation on February 14, 2024
It is possible to determine the worth of Magna International on a given historical date. On February 14, 2024 Magna was worth 48.02 at the beginning of the trading date compared to the closed value of 48.21. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Magna International stock. Still, in general, we apply an absolute valuation method to find Magna International's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Magna International where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Magna International's related companies.
| Open | High | Low | Close | Volume | |
| 49.19 | 49.19 | 49.19 | 49.19 | 204.00 | |
02/14/2024 | 48.02 | 48.21 | 48.02 | 48.21 | 27.00 |
| 48.15 | 48.44 | 48.15 | 48.17 | 847.00 |
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Magna International Trading Date Momentum on February 14, 2024
| On February 15 2024 Magna International was traded for 48.17 at the closing time. The highest daily price throughout the period was 48.44 and the lowest price was 48.15 . The daily volume was 847. The net trading volume on 02/15/2024 added to the next day price reduction. The trading delta at closing time to closing price of the next trading day was 0.08% . The trading delta at closing time to current closing price is 0.02% . |
Magna International Fundamentals Correlations and Trends
By evaluating Magna International's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Magna International's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Magna financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Magna International Stock history
Magna International investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Magna is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Magna International will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Magna International stock prices may prove useful in developing a viable investing in Magna International
Magna International Inc. designs, engineers, and manufactures components, assemblies, systems, subsystems, and modules for original equipment manufacturers of vehicles and light trucks worldwide. Magna International Inc. was founded in 1957 and is headquartered in Aurora, Canada. MAGNA INTL operates under Auto Parts classification in Germany and is traded on Frankfurt Stock Exchange. It employs 158000 people.
Magna International Stock Technical Analysis
Magna International technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Magna International Period Price Range
Low | December 11, 2024
| High |
0.00 | 0.00 |
Magna International cannot be verified against its exchange. Please verify the symbol is currently traded on Frankfurt Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Magna International December 11, 2024 Market Strength
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
Magna International Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Magna International's price direction in advance. Along with the technical and fundamental analysis of Magna Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Magna to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.1125 | |||
| Jensen Alpha | 0.2621 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.1006 | |||
| Treynor Ratio | 0.5159 |
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| Volatility Indicators | ||
| Volume Indicators |
Complementary Tools for Magna Stock analysis
When running Magna International's price analysis, check to measure Magna International's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Magna International is operating at the current time. Most of Magna International's value examination focuses on studying past and present price action to predict the probability of Magna International's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Magna International's price. Additionally, you may evaluate how the addition of Magna International to your portfolios can decrease your overall portfolio volatility.
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