Magna International Stock Alpha and Beta Analysis
| MGA Stock | USD 44.14 1.49 3.49% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Magna International. It also helps investors analyze the systematic and unsystematic risks associated with investing in Magna International over a specified time horizon. Remember, high Magna International's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to Magna International's market risk premium analysis include:
Beta 1.31 | Alpha (0.01) | Risk 2.13 | Sharpe Ratio 0.0419 | Expected Return 0.0891 |
Magna International Quarterly Cash And Equivalents |
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Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
Magna |
Magna International Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Magna International market risk premium is the additional return an investor will receive from holding Magna International long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Magna International. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Magna International's performance over market.| α | -0.01 | β | 1.31 |
Magna International expected buy-and-hold returns
Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Magna International's Buy-and-hold return. Our buy-and-hold chart shows how Magna International performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Magna International Market Price Analysis
Market price analysis indicators help investors to evaluate how Magna International stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Magna International shares will generate the highest return on investment. By understating and applying Magna International stock market price indicators, traders can identify Magna International position entry and exit signals to maximize returns.
Magna International Return and Market Media
The median price of Magna International for the period between Sat, Aug 24, 2024 and Fri, Nov 22, 2024 is 41.37 with a coefficient of variation of 3.14. The daily time series for the period is distributed with a sample standard deviation of 1.3, arithmetic mean of 41.31, and mean deviation of 1.01. The Stock received a lot of media exposure during the period. Price Growth (%) |
| Timeline |
| Magna International dividend paid on 30th of August 2024 | 08/30/2024 |
1 | NBCUniversal Restructures Ad Exec Ranks, Sports Vet And Olympics Chief Don Lovinger To Exit | 10/14/2024 |
2 | Magna Debuts Scalable, Eco-Friendly ICE to Hybrid Transmission for European OEM | 10/29/2024 |
3 | Magna Announces Third Quarter 2024 Results | 11/01/2024 |
4 | Magna Mining Discovers New Copper Zone at the Shakespeare Project | 11/04/2024 |
5 | Magna Announces New 10 percent Normal Course Issuer Bid and Automatic Share Purchase Plan | 11/05/2024 |
6 | Automotive Trim Parts Market Set to Surge at 4.2 percent CAGR, to Reach US 58,222.2 Million by 2034 Fact.MR Report | 11/06/2024 |
7 | Best used electric cars 2024 Top 10 second-hand EVs to buy | 11/11/2024 |
8 | Earnings call Veritone Inc. reports Q3 results, divests media agency | 11/13/2024 |
9 | Robotics Startup Sanctuary AI Cuts Jobs After Two Co-Founders Leave | 11/15/2024 |
10 | Are Investors Undervaluing Magna International Inc. By 49 | 11/18/2024 |
11 | MetalsGrove Mining Reaches AU6.9m Market Cap Benefiting Insider Stock Buying | 11/19/2024 |
About Magna International Beta and Alpha
For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Magna or other stocks. Alpha measures the amount that position in Magna International has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
| 2021 | 2022 | 2023 (projected) | Dividend Yield | 0.0209 | 0.0303 | 0.0309 | Price To Sales Ratio | 0.67 | 0.43 | 0.4 |
Magna International Upcoming Company Events
As portrayed in its financial statements, the presentation of Magna International's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Magna International's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Magna International's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Magna International. Please utilize our Beneish M Score to check the likelihood of Magna International's management manipulating its earnings.
| 9th of February 2024 Upcoming Quarterly Report | View | |
| 3rd of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 9th of February 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
Build Portfolio with Magna International
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Align your risk with return expectations
Check out Magna International Backtesting, Magna International Valuation, Magna International Correlation, Magna International Hype Analysis, Magna International Volatility, Magna International History and analyze Magna International Performance. For information on how to trade Magna Stock refer to our How to Trade Magna Stock guide.You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
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.