Magellan Midstream Stock Forecast - Price Action Indicator
| MMPDelisted Stock | USD 65.51 0.11 0.17% |
Magellan Stock Forecast is based on your current time horizon.
Magellan |
| Previous Price Action Indicator | Price Action Indicator | Trend |
| (0.19) | (0.19) |
| Check Magellan Midstream Volatility | Backtest Magellan Midstream | Information Ratio |
Magellan Midstream Trading Date Momentum
| On October 16 2024 Magellan Midstream Partners was traded for 65.51 at the closing time. Highest Magellan Midstream's price during the trading hours was 66.14 and the lowest price during the day was 65.37 . There was no trading activity during the period 0.0. Lack of trading volume on the 16th of October 2024 did not cause price change. The trading delta at closing time to current price is 0.17% . |
Price Action Indicator (or PAIN) was developed by Michael B. Geraty and published in 'Futures' magazine in August 1997.
Compare Magellan Midstream to competition
Magellan Midstream Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Magellan Midstream stock to make a market-neutral strategy. Peer analysis of Magellan Midstream could also be used in its relative valuation, which is a method of valuing Magellan Midstream by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Magellan Midstream Market Strength Events
Market strength indicators help investors to evaluate how Magellan Midstream stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Magellan Midstream shares will generate the highest return on investment. By undertsting and applying Magellan Midstream stock market strength indicators, traders can identify Magellan Midstream Partners entry and exit signals to maximize returns.
Magellan Midstream Risk Indicators
The analysis of Magellan Midstream's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Magellan Midstream's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting magellan stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 0.9457 | |||
| Semi Deviation | 0.706 | |||
| Standard Deviation | 1.86 | |||
| Variance | 3.45 | |||
| Downside Variance | 1.06 | |||
| Semi Variance | 0.4984 | |||
| Expected Short fall | (1.09) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Pair Trading with Magellan Midstream
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Magellan Midstream position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Magellan Midstream will appreciate offsetting losses from the drop in the long position's value.Moving together with Magellan Stock
| 0.61 | BRK-A | Berkshire Hathaway | PairCorr |
| 0.61 | BRK-B | Berkshire Hathaway | PairCorr |
| 0.63 | HYMTF | Hyundai Motor | PairCorr |
Moving against Magellan Stock
| 0.68 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.63 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.52 | PFE | Pfizer Inc Fiscal Year End 4th of February 2025 | PairCorr |
The ability to find closely correlated positions to Magellan Midstream could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Magellan Midstream when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Magellan Midstream - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Magellan Midstream Partners to buy it.
The correlation of Magellan Midstream is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Magellan Midstream moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Magellan Midstream moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Magellan Midstream can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population. You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
Other Consideration for investing in Magellan Stock
If you are still planning to invest in Magellan Midstream check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Magellan Midstream's history and understand the potential risks before investing.
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