Magplane Technology Stock Market Value
| MAGP Stock | USD 0.0001 0.00 0.00% |
| Symbol | Magplane |
Is Ground Transportation space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Magplane Technology. If investors know Magplane will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Magplane Technology listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Return On Assets (0.82) |
The market value of Magplane Technology is measured differently than its book value, which is the value of Magplane that is recorded on the company's balance sheet. Investors also form their own opinion of Magplane Technology's value that differs from its market value or its book value, called intrinsic value, which is Magplane Technology's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Magplane Technology's market value can be influenced by many factors that don't directly affect Magplane Technology's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Magplane Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if Magplane Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Magplane Technology'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.
Magplane Technology 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Magplane Technology's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Magplane Technology.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Magplane Technology on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Magplane Technology or generate 0.0% return on investment in Magplane Technology over 30 days. Magplane Technology is related to or competes with Playa Hotels, Merit Medical, Summit Hotel, Sonida Senior, Alvotech, and Shake Shack. Magplane Technology, Inc. provides magnetic technology for transporting people and goods More
Magplane Technology Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Magplane Technology's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Magplane Technology upside and downside potential and time the market with a certain degree of confidence.
Magplane Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Magplane Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Magplane Technology's standard deviation. In reality, there are many statistical measures that can use Magplane Technology historical prices to predict the future Magplane Technology's volatility.Magplane Technology Backtested Returns
We have found three technical indicators for Magplane Technology, which you can use to evaluate the volatility of the firm. The company secures a Beta (Market Risk) of 0.0, which conveys not very significant fluctuations relative to the market. the returns on MARKET and Magplane Technology are completely uncorrelated.
Auto-correlation | 0.00 |
No correlation between past and present
Magplane Technology has no correlation between past and present. Overlapping area represents the amount of predictability between Magplane Technology time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Magplane Technology price movement. The serial correlation of 0.0 indicates that just 0.0% of current Magplane Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Magplane Technology lagged returns against current returns
Autocorrelation, which is Magplane Technology stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Magplane Technology's stock expected returns. We can calculate the autocorrelation of Magplane Technology returns to help us make a trade decision. For example, suppose you find that Magplane Technology has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Magplane Technology regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Magplane Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Magplane Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Magplane Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Magplane Technology Lagged Returns
When evaluating Magplane Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Magplane Technology stock have on its future price. Magplane Technology autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Magplane Technology autocorrelation shows the relationship between Magplane Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Magplane Technology.
Regressed Prices |
| Timeline |
Pair Trading with Magplane Technology
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Magplane Technology position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Magplane Technology will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Magplane Technology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Magplane Technology when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Magplane Technology - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Magplane Technology to buy it.
The correlation of Magplane Technology is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Magplane Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Magplane Technology moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Magplane Technology can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Magplane Stock Analysis
When running Magplane Technology's price analysis, check to measure Magplane Technology'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 Magplane Technology is operating at the current time. Most of Magplane Technology's value examination focuses on studying past and present price action to predict the probability of Magplane Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Magplane Technology's price. Additionally, you may evaluate how the addition of Magplane Technology to your portfolios can decrease your overall portfolio volatility.