MAGNA INTL (Germany) Probability of Future Stock Price Finishing Over 45.66
| MGA Stock | EUR 45.66 0.18 0.39% |
MAGNA |
MAGNA INTL Target Price Odds to finish over 45.66
The tendency of MAGNA Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to move above the current price in 90 days |
| 45.66 | 90 days | 45.66 | about 97.0 |
Based on a normal probability distribution, the odds of MAGNA INTL to move above the current price in 90 days from now is about 97.0 (This MAGNA INTL probability density function shows the probability of MAGNA Stock to fall within a particular range of prices over 90 days) .
Assuming the 90 days trading horizon MAGNA INTL has a beta of -0.18. This indicates as returns on the benchmark increase, returns on holding MAGNA INTL are expected to decrease at a much lower rate. During a bear market, however, MAGNA INTL is likely to outperform the market. Additionally MAGNA INTL has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite. MAGNA INTL Price Density |
| Price |
Predictive Modules for MAGNA INTL
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as MAGNA INTL. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of MAGNA INTL's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
MAGNA INTL Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. MAGNA INTL is not an exception. The market had few large corrections towards the MAGNA INTL's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold MAGNA INTL, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of MAGNA INTL within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | -0.15 | |
β | Beta against NYSE Composite | -0.18 | |
σ | Overall volatility | 2.06 | |
Ir | Information ratio | -0.16 |
MAGNA INTL Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of MAGNA INTL for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for MAGNA INTL can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| MAGNA INTL generated a negative expected return over the last 90 days |
MAGNA INTL Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of MAGNA Stock often depends not only on the future outlook of the current and potential MAGNA INTL's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. MAGNA INTL's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 285.9 M | |
| Dividends Paid | 514 M | |
| Short Long Term Debt | 662 M |
MAGNA INTL Technical Analysis
MAGNA INTL's future price can be derived by breaking down and analyzing its technical indicators over time. MAGNA Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of MAGNA INTL. In general, you should focus on analyzing MAGNA Stock price patterns and their correlations with different microeconomic environments and drivers.
MAGNA INTL Predictive Forecast Models
MAGNA INTL's time-series forecasting models is one of many MAGNA INTL's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary MAGNA INTL's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about MAGNA INTL
Checking the ongoing alerts about MAGNA INTL for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for MAGNA INTL help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| MAGNA INTL generated a negative expected return over the last 90 days |
Check out MAGNA INTL Backtesting, MAGNA INTL Valuation, MAGNA INTL Correlation, MAGNA INTL Hype Analysis, MAGNA INTL Volatility, MAGNA INTL History as well as MAGNA INTL Performance. Note that the MAGNA INTL information on this page should be used as a complementary analysis to other MAGNA INTL's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the CEOs Directory module to screen CEOs from public companies around the world.
Complementary 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.
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