MAGNA INTL (Germany) Market Value
| MGA Stock | EUR 42.24 0.26 0.61% |
| Symbol | MAGNA |
MAGNA INTL '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 INTL'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 INTL.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in MAGNA INTL on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding MAGNA INTL or generate 0.0% return on investment in MAGNA INTL over 720 days. MAGNA INTL is related to or competes with AECOM TECHNOLOGY, Vastned Retail, Check Point, Amkor Technology, MARKET VECTR, Ross Stores, and Ultra Clean. More
MAGNA INTL 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 INTL'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 INTL upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.4 | |||
| Information Ratio | 0.0364 | |||
| Maximum Drawdown | 10.77 | |||
| Value At Risk | (3.72) | |||
| Potential Upside | 4.24 |
MAGNA INTL Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MAGNA INTL's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MAGNA INTL's standard deviation. In reality, there are many statistical measures that can use MAGNA INTL historical prices to predict the future MAGNA INTL's volatility.| Risk Adjusted Performance | 0.0798 | |||
| Jensen Alpha | 0.0628 | |||
| Total Risk Alpha | (0.18) | |||
| Sortino Ratio | 0.0353 | |||
| Treynor Ratio | 0.1813 |
MAGNA INTL Backtested Returns
MAGNA INTL appears to be very steady, given 3 months investment horizon. MAGNA INTL has Sharpe Ratio of 0.0918, which conveys that the company had a 0.0918% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for MAGNA INTL, which you can use to evaluate the volatility of the entity. Please exercise MAGNA INTL's Semi Deviation of 2.18, mean deviation of 1.8, and Downside Deviation of 2.4 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, MAGNA INTL holds a performance score of 7. The firm secures a Beta (Market Risk) of 1.17, 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 INTL will likely underperform. Please check MAGNA INTL's downside deviation, information ratio, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether MAGNA INTL's current price movements will revert.
Auto-correlation | 0.14 |
Insignificant predictability
MAGNA INTL has insignificant predictability. Overlapping area represents the amount of predictability between MAGNA INTL time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd of December 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 INTL price movement. The serial correlation of 0.14 indicates that less than 14.0% of current MAGNA INTL price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.14 | |
| Spearman Rank Test | 0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 25.86 |
MAGNA INTL lagged returns against current returns
Autocorrelation, which is MAGNA INTL 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 INTL's stock expected returns. We can calculate the autocorrelation of MAGNA INTL returns to help us make a trade decision. For example, suppose you find that MAGNA INTL 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 INTL 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 INTL stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MAGNA INTL stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MAGNA INTL stock over time.
Current vs Lagged Prices |
| Timeline |
MAGNA INTL Lagged Returns
When evaluating MAGNA INTL's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MAGNA INTL stock have on its future price. MAGNA INTL 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 INTL autocorrelation shows the relationship between MAGNA INTL stock current value and its past values and can show if there is a momentum factor associated with investing in MAGNA INTL.
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.Other Information on Investing in MAGNA Stock
MAGNA INTL financial ratios help investors to determine whether MAGNA Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in MAGNA with respect to the benefits of owning MAGNA INTL security.