Magellan Midstream Partners Price on May 26, 2023
MMPDelisted Stock | USD 65.51 0.11 0.17% |
If you're considering investing in Magellan Stock, it is important to understand the factors that can impact its price. As of today, the current price of Magellan Midstream stands at 65.51, as last reported on the 29th of November, with the highest price reaching 66.14 and the lowest price hitting 65.37 during the day. We have found twenty-nine technical indicators for Magellan Midstream, which you can use to evaluate the volatility of the firm. Please verify Magellan Midstream's Downside Deviation of 1.03, mean deviation of 0.9457, and Risk Adjusted Performance of 0.1195 to check out if the risk estimate we provide is consistent with the expected return of 0.0%.
Magellan Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
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Sharpe Ratio = 0.0
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Based on monthly moving average Magellan Midstream is not performing at its full potential. However, 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 Magellan Midstream by adding Magellan Midstream to a well-diversified portfolio.
Magellan Midstream Valuation on May 26, 2023
It is possible to determine the worth of Magellan Midstream on a given historical date. On May 26, 2023 Magellan was worth 61.19 at the beginning of the trading date compared to the closed value of 61.16. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Magellan Midstream stock. Still, in general, we apply an absolute valuation method to find Magellan Midstream'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 Magellan Midstream where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Magellan Midstream's related companies.
Open | High | Low | Close | Volume | |
61.74 | 61.99 | 61.17 | 61.60 | 1,588,155 | |
05/26/2023 | 61.19 | 61.80 | 60.95 | 61.16 | 1,504,842 |
60.82 | 61.18 | 60.45 | 60.97 | 1,861,527 |
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Magellan Midstream Trading Date Momentum on May 26, 2023
On May 30 2023 Magellan Midstream Partners was traded for 60.97 at the closing time. Highest Magellan Midstream's price during the trading hours was 61.18 and the lowest price during the day was 60.45 . The net volume was 1.9 M. The overall trading history on the 30th of May contributed to the next trading period price depreciation. The trading delta at closing time to the next next day price was 0.31% . The trading delta at closing time to current price is 0.33% . |
Magellan Midstream Fundamentals Correlations and Trends
By evaluating Magellan Midstream'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 Magellan Midstream's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Magellan financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Magellan Midstream Stock history
Magellan Midstream 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 Magellan is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Magellan Midstream 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 Magellan Midstream stock prices may prove useful in developing a viable investing in Magellan Midstream
Magellan Midstream Partners, L.P. engages in the transportation, storage, and distribution of refined petroleum products and crude oil in the United States. The company was incorporated in 2000 and is headquartered in Tulsa, Oklahoma. Magellan Midstream operates under Oil Gas Midstream classification in the United States and is traded on New York Stock Exchange. It employs 1715 people.
Magellan Midstream Stock Technical Analysis
Magellan Midstream 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, delisted stock market cycles, or different charting patterns.
Price Boundaries
Magellan Midstream Period Price Range
Low | November 29, 2024
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0.00 | 0.00 |
Magellan Midstream Partners cannot be verified against its exchange. Please verify the symbol is currently traded on New York Stock 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.
Magellan Midstream November 29, 2024 Market Strength
Market strength indicators help investors to evaluate how Magellan Midstream stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Magellan Midstream shares will generate the highest return on investment. By undertsting and applying Magellan Midstream stock market strength indicators, traders can identify Magellan Midstream Partners entry and exit signals to maximize returns
Magellan Midstream Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Magellan Midstream's price direction in advance. Along with the technical and fundamental analysis of Magellan Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Magellan 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 | 0.1195 | |||
Jensen Alpha | 0.2634 | |||
Total Risk Alpha | (0.01) | |||
Sortino Ratio | 0.1456 | |||
Treynor Ratio | 16.48 |
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Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population. You can also try the Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.
Other Consideration for investing in Magellan Stock
If you are still planning to invest in Magellan Midstream check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Magellan Midstream's history and understand the potential risks before investing.
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