3 Stocks to Buy as the Market Looks to Rally in September - The Motley Fool Canada
| MG Stock | CAD 65.05 2.00 3.17% |
About 55% of Magna International's investors are presently thinking to get in. The analysis of current outlook of investing in Magna International suggests that some traders are interested regarding Magna International's prospects. Magna International's investing sentiment overview a quick insight into current market opportunities from investing in Magna International. Many technical investors use Magna International stock news signals to limit their universe of possible portfolio assets and to time the market correctly.
Magna |
3 Stocks to Buy as the Market Looks to Rally in September The Motley Fool Canada
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Magna International Fundamental Analysis
We analyze Magna International's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Magna International using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Magna International based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Return On Equity
Return On Equity Comparative Analysis
Magna International is currently under evaluation in return on equity category among its peers. Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.
Magna International Potential Pair-trading
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.
Peers
Magna International Related Equities
| QSR | Restaurant Brands | 0.94 | ||||
| CNR | Canadian National | 0.55 | ||||
| CP | Canadian Pacific | 0.53 | ||||
| NTR | Nutrien | 0.24 | ||||
| FTS | Fortis | 0.36 |
Check out Magna International Hype Analysis, Magna International Correlation and 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 Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.