MAGNA INTL (Germany) Statistic Functions Beta
| MGA Stock | EUR 42.27 0.25 0.59% |
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The output start index for this execution was ten with a total number of output elements of fifty-one. The Beta measures systematic risk based on how returns on MAGNA INTL correlated with the market. If Beta is less than 0 MAGNA INTL generally moves in the opposite direction as compared to the market. If MAGNA INTL Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one MAGNA INTL is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of MAGNA INTL is generally in the same direction as the market. If Beta > 1 MAGNA INTL moves generally in the same direction as, but more than the movement of the benchmark.
MAGNA INTL Technical Analysis Modules
Most technical analysis of MAGNA INTL help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for MAGNA from various momentum indicators to cycle indicators. When you analyze MAGNA charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
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About MAGNA INTL Predictive Technical Analysis
Predictive technical analysis modules help investors to analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of MAGNA INTL. We use our internally-developed statistical techniques to arrive at the intrinsic value of MAGNA INTL based on widely used predictive technical indicators. In general, we focus on analyzing MAGNA Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build MAGNA INTL's daily price indicators and compare them against related drivers, such as statistic functions and various other types of predictive indicators. Using this methodology combined with a more conventional technical analysis and fundamental analysis, we attempt to find the most accurate representation of MAGNA INTL's intrinsic value. In addition to deriving basic predictive indicators for MAGNA INTL, we also check how macroeconomic factors affect MAGNA INTL price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards MAGNA INTL in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, MAGNA INTL's short interest history, or implied volatility extrapolated from MAGNA INTL options trading.
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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.