Magna International Stock Market Value
| MGA Stock | USD 46.46 1.38 3.06% |
| Symbol | Magna |
Magna International Price To Book Ratio
Is Automotive Parts & Equipment 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 Magna International. If investors know Magna 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 Magna International listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.226 | Dividend Share 1.9 | Earnings Share 3.75 | Revenue Per Share 148.635 | Quarterly Revenue Growth (0.04) |
The market value of Magna International is measured differently than its book value, which is the value of Magna that is recorded on the company's balance sheet. Investors also form their own opinion of Magna International's value that differs from its market value or its book value, called intrinsic value, which is Magna International'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 Magna International's market value can be influenced by many factors that don't directly affect Magna International'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 Magna International's value and its price as these two are different measures arrived at by different means. Investors typically determine if Magna International is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Magna International'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.
Magna International '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 Magna International'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 Magna International.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Magna International on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Magna International or generate 0.0% return on investment in Magna International over 30 days. Magna International is related to or competes with Allison Transmission, Aptiv PLC, LKQ, Lear, BorgWarner, Autoliv, and Visteon Corp. Magna International Inc. designs, engineers, and manufactures components, assemblies, systems, subsystems, and modules f... More
Magna International 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 Magna International'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 Magna International upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.31 | |||
| Information Ratio | 0.0234 | |||
| Maximum Drawdown | 9.36 | |||
| Value At Risk | (3.77) | |||
| Potential Upside | 3.49 |
Magna International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Magna International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Magna International's standard deviation. In reality, there are many statistical measures that can use Magna International historical prices to predict the future Magna International's volatility.| Risk Adjusted Performance | 0.0713 | |||
| Jensen Alpha | 0.0045 | |||
| Total Risk Alpha | (0.17) | |||
| Sortino Ratio | 0.0217 | |||
| Treynor Ratio | 0.124 |
Magna International Backtested Returns
Magna International appears to be very steady, given 3 months investment horizon. Magna International has Sharpe Ratio of 0.096, which conveys that the firm had a 0.096% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Magna International, which you can use to evaluate the volatility of the firm. Please exercise Magna International's Downside Deviation of 2.31, risk adjusted performance of 0.0713, and Mean Deviation of 1.56 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Magna International holds a performance score of 7. The company secures a Beta (Market Risk) of 1.38, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Magna International will likely underperform. Please check Magna International's standard deviation, value at risk, kurtosis, as well as the relationship between the sortino ratio and semi variance , to make a quick decision on whether Magna International's current price movements will revert.
Auto-correlation | 0.58 |
Modest predictability
Magna International has modest predictability. Overlapping area represents the amount of predictability between Magna International time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 Magna International price movement. The serial correlation of 0.58 indicates that roughly 58.0% of current Magna International price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.58 | |
| Spearman Rank Test | 0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 1.0 |
Magna International lagged returns against current returns
Autocorrelation, which is Magna International 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 Magna International's stock expected returns. We can calculate the autocorrelation of Magna International returns to help us make a trade decision. For example, suppose you find that Magna International 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 |
Magna International 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 Magna International stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Magna International stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Magna International stock over time.
Current vs Lagged Prices |
| Timeline |
Magna International Lagged Returns
When evaluating Magna International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Magna International stock have on its future price. Magna International 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, Magna International autocorrelation shows the relationship between Magna International stock current value and its past values and can show if there is a momentum factor associated with investing in Magna International.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Magna International offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Magna International's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Magna International Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Magna International Stock:Check out Magna International Correlation, Magna International Volatility and Magna International Alpha and Beta module to complement your research on Magna International. For information on how to trade Magna Stock refer to our How to Trade Magna Stock guide.You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.
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.