Wolfe Research assumes coverage on Magna Intl stock with Underperform rating - Investing.com
| MGA Stock | EUR 42.27 0.25 0.59% |
Slightly above 62% of MAGNA INTL's investor base is looking to short. The analysis of current outlook of investing in MAGNA INTL suggests that many traders are alarmed regarding MAGNA INTL's prospects. MAGNA INTL's investing sentiment can be driven by a variety of factors including economic data, MAGNA INTL's earnings reports, geopolitical events, and overall market trends.
MAGNA |
Wolfe Research assumes coverage on Magna Intl stock with Underperform rating Investing.com
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MAGNA INTL Fundamental Analysis
We analyze MAGNA INTL's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of MAGNA INTL using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of MAGNA INTL 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.
Probability Of Bankruptcy
Probability Of Bankruptcy Comparative Analysis
MAGNA INTL is currently under evaluation in probability of bankruptcy category among its peers. Probability Of Bankruptcy is a relative measure of the likelihood of financial distress. For stocks, the Probability Of Bankruptcy is the normalized value of Z-Score. For funds and ETFs, it is derived from a multi-factor model developed by Macroaxis. The score is used to predict the probability of a firm or a fund experiencing financial distress within the next 24 months. Unlike Z-Score, Probability Of Bankruptcy is the value between 0 and 100, indicating the firm's actual probability it will be financially distressed in the next 2 fiscal years.
MAGNA INTL 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 INTL stock to make a market-neutral strategy. Peer analysis of MAGNA INTL could also be used in its relative valuation, which is a method of valuing MAGNA INTL by comparing valuation metrics with similar companies.
Peers
MAGNA INTL Related Equities
| HCM | Hitachi Construction | 0.96 | ||||
| VEFW | MARKET VECTR | 0.89 | ||||
| 72S | Sumitomo Mitsui | 0.83 | ||||
| 63U | VARIOUS EATERIES | 0.00 | ||||
| R6N | Retail Estates | 0.51 | ||||
| PO6 | Penta-Ocean Construction | 2.08 | ||||
| 3TY | Titan Machinery | 2.63 |
Additional Tools for MAGNA Stock Analysis
When running MAGNA INTL's price analysis, check to measure MAGNA INTL'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 INTL is operating at the current time. Most of MAGNA INTL's value examination focuses on studying past and present price action to predict the probability of MAGNA INTL'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 INTL's price. Additionally, you may evaluate how the addition of MAGNA INTL to your portfolios can decrease your overall portfolio volatility.