Magellan Health Stock Forecast - Daily Balance Of Power

Magellan Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Magellan Health historical stock prices and determine the direction of Magellan Health's future trends based on various well-known forecasting models. However, solely looking at the historical price movement is usually misleading. Macroaxis recommends to always use this module together with analysis of Magellan Health historical fundamentals such as revenue growth or operating cash flow patterns. Although Magellan Health naive historical forecasting may sometimes provide an important future outlook for the firm we recommend to always cross-verify it against solid analysis of Magellan Health systematic risk associated with finding meaningful patterns of Magellan Health fundamentals over time.
Additionally, see Correlation Analysis.
  
Magellan Health Asset Turnover is quite stable at the moment as compared to the past year. The company's current value of Asset Turnover is estimated at 1.46. Magellan Health Weighted Average Shares is quite stable at the moment as compared to the past year. The company's current value of Weighted Average Shares is estimated at 23.08 Million. Issuance Purchase of Equity Shares is expected to rise to about 79.6 M this year, although the value of Weighted Average Shares Diluted will most likely fall to about 27.8 M.

Open Interest Agains t 2022-12-16 Magellan Option Contracts

Although open interest is a measure utilized in the options markets, it could be used to forecast Magellan Health's spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest Magellan Health's options reflect these daily shifts, investors could use the patterns of these changes to develop long and short trading strategies Magellan Health stock based on available contracts left at the end of a trading day.
Please note, to derive more accurate forecasting about market movement from the current Magellan Health's open interest, investors have to compare it to Magellan Health's spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of Magellan Health is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in Magellan. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
On January 3, 2022 Magellan Health had Daily Balance Of Power of (0.025641).
Most investors in Magellan Health cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the Magellan Health's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Magellan Health's price structures and extracts relationships that further increase the generated results' accuracy.
Balance of Power indicator (or BOP) measures the strength of Magellan Health market sensitivity to bulls and bears. It estimates the ability of Magellan Health buyers and sellers to push price to an extreme high or extreme low level. As a result, by monitoring Magellan Health Balance of Power indicator one can determine a trend of the price direction.
  Previous Daily Balance Of PowerDaily Balance Of PowerTrend
0.1111(0.025641)
Check Magellan Health VolatilityBacktest Magellan HealthTrend Details  

Magellan Health Trading Date Momentum

On January 04 2022 Magellan Health was traded for  94.99  at the closing time. The top price for the day was 94.99  and the lowest listed price was  94.99 . There was no trading activity during the period 1.0. Lack of trading volume on January 4, 2022 did not cause price change. The trading delta at closing time against the current closing price is 0.00% .
Balance of Power indicator was created by Igor Livshin to predict asset short term price movements or warning signals. If Balance of Power indicator is trended towards the high of its range it will signify that the bulls are in control. On the other hand when the BOP indicator is moving towards the lows of its range it signifies that the bears are in control. If the indicator move from a high positive range to a lower positive range it signifies that the buying pressure is decreasing. Conversely, if the indicator move from a low negative range to a higher negative range it signifies that the selling pressure is decreasing.
Compare Magellan Health to competition

Magellan Health 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 Health stock to make a market-neutral strategy. Peer analysis of Magellan Health could also be used in its relative valuation, which is a method of valuing Magellan Health by comparing valuation metrics with similar companies.
LaboratoryMednax IncAnheuser Busch InbevEtsy IncAnheuser-Busch InBev SANVLinde PLCDupont De NemoursBank Of AmericaProcter GambleAmerican ExpressAMN Healthcare ServicesTwist Bioscience CorpFreedom Holding CorpGlobal X NASDAQFRANKLIN MUTUAL EUROPEAN
 Risk & Return  Correlation

Magellan Health Risk Indicators

The analysis of Magellan Health's basic risk indicators is one of the essential steps in helping accuretelly forecast its future price. The process involves identifying the amount of risk involved in Magellan Health's investment and either accepting that risk or mitigating it. Along with some funamental techniques of forecasting Magellan Health stock price, 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.
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential stock investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
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 Magellan Health 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, Magellan Health's short interest history, or implied volatility extrapolated from Magellan Health options trading.

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Additionally, see Correlation Analysis. You can also try Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..

Other Tools for Magellan Stock

When running Magellan Health price analysis, check to measure Magellan Health'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 Magellan Health is operating at the current time. Most of Magellan Health's value examination focuses on studying past and present price action to predict the probability of Magellan Health's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Magellan Health's price. Additionally, you may evaluate how the addition of Magellan Health to your portfolios can decrease your overall portfolio volatility.
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