Magnolia Oil Gas Stock Market Value
| MGY Stock | USD 28.23 0.52 1.88% |
| Symbol | Magnolia |
Magnolia Oil Gas Price To Book Ratio
Is Oil & Gas Exploration & Production 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 Magnolia Oil. If investors know Magnolia 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 Magnolia Oil 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 (0.04) | Dividend Share 0.52 | Earnings Share 2.03 | Revenue Per Share 7.095 | Quarterly Revenue Growth 0.055 |
The market value of Magnolia Oil Gas is measured differently than its book value, which is the value of Magnolia that is recorded on the company's balance sheet. Investors also form their own opinion of Magnolia Oil's value that differs from its market value or its book value, called intrinsic value, which is Magnolia Oil'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 Magnolia Oil's market value can be influenced by many factors that don't directly affect Magnolia Oil'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 Magnolia Oil's value and its price as these two are different measures arrived at by different means. Investors typically determine if Magnolia Oil is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Magnolia Oil'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.
Magnolia Oil '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 Magnolia Oil'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 Magnolia Oil.
| 11/28/2023 |
| 11/22/2024 |
If you would invest 0.00 in Magnolia Oil on November 28, 2023 and sell it all today you would earn a total of 0.00 from holding Magnolia Oil Gas or generate 0.0% return on investment in Magnolia Oil over 360 days. Magnolia Oil is related to or competes with SM Energy, Civitas Resources, Range Resources, Matador Resources, Hess, Marathon Oil, and Chord Energy. Magnolia Oil Gas Corporation engages in the acquisition, development, exploration, and production of oil, natural gas, a... More
Magnolia Oil 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 Magnolia Oil'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 Magnolia Oil Gas upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.09 | |||
| Information Ratio | 0.0523 | |||
| Maximum Drawdown | 8.54 | |||
| Value At Risk | (3.67) | |||
| Potential Upside | 2.89 |
Magnolia Oil Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Magnolia Oil's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Magnolia Oil's standard deviation. In reality, there are many statistical measures that can use Magnolia Oil historical prices to predict the future Magnolia Oil's volatility.| Risk Adjusted Performance | 0.0812 | |||
| Jensen Alpha | 0.075 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.0507 | |||
| Treynor Ratio | 0.1404 |
Magnolia Oil Gas Backtested Returns
At this stage we consider Magnolia Stock to be very steady. Magnolia Oil Gas has Sharpe Ratio of 0.0854, which conveys that the firm had a 0.0854% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Magnolia Oil, which you can use to evaluate the volatility of the firm. Please verify Magnolia Oil's Risk Adjusted Performance of 0.0812, downside deviation of 2.09, and Mean Deviation of 1.55 to check out if the risk estimate we provide is consistent with the expected return of 0.18%. Magnolia Oil has a performance score of 6 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 1.36, 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, Magnolia Oil will likely underperform. Magnolia Oil Gas right now secures a risk of 2.05%. Please verify Magnolia Oil Gas sortino ratio, as well as the relationship between the semi variance and rate of daily change , to decide if Magnolia Oil Gas will be following its current price movements.
Auto-correlation | 0.29 |
Poor predictability
Magnolia Oil Gas has poor predictability. Overlapping area represents the amount of predictability between Magnolia Oil time series from 28th of November 2023 to 26th of May 2024 and 26th of May 2024 to 22nd 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 Magnolia Oil Gas price movement. The serial correlation of 0.29 indicates that nearly 29.0% of current Magnolia Oil price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.29 | |
| Spearman Rank Test | 0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 1.28 |
Magnolia Oil Gas lagged returns against current returns
Autocorrelation, which is Magnolia Oil 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 Magnolia Oil's stock expected returns. We can calculate the autocorrelation of Magnolia Oil returns to help us make a trade decision. For example, suppose you find that Magnolia Oil 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 |
Magnolia Oil 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 Magnolia Oil stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Magnolia Oil stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Magnolia Oil stock over time.
Current vs Lagged Prices |
| Timeline |
Magnolia Oil Lagged Returns
When evaluating Magnolia Oil's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Magnolia Oil stock have on its future price. Magnolia Oil 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, Magnolia Oil autocorrelation shows the relationship between Magnolia Oil stock current value and its past values and can show if there is a momentum factor associated with investing in Magnolia Oil Gas.
Regressed Prices |
| Timeline |
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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.Additional Tools for Magnolia Stock Analysis
When running Magnolia Oil's price analysis, check to measure Magnolia Oil'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 Magnolia Oil is operating at the current time. Most of Magnolia Oil's value examination focuses on studying past and present price action to predict the probability of Magnolia Oil's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Magnolia Oil's price. Additionally, you may evaluate how the addition of Magnolia Oil to your portfolios can decrease your overall portfolio volatility.