Magellan Health Stock Forecast - Daily Balance Of Power

MGLN
 Stock
  

USD 94.99  0.00  0.00%   

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.
On October 1, 2022 Magellan Health had Daily Balance Of Power of 0.
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
Check Magellan Health VolatilityBacktest Magellan HealthInformation Ratio  
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.
Concord Medical ServicesCentene CorpCommunity Health SystemsDaVita HealthCareLaboratoryTenet HealthcareStarbucksGoldman Sachs GroupCOMSovereign Holding CorpWalmartAMN 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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Magellan Health without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

Did you try this?

Run Price Exposure Probability Now

   

Price Exposure Probability

Analyze equity upside and downside potential for a given time horizon across multiple markets
All  Next Launch Module

Becoming a Better Investor with Macroaxis

Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as Magellan Health using complex mathematical models and algorithms, but make them easy to understand. There is no real person involved in your portfolio analysis. We perform a number of calculations to compute absolute and relative portfolio volatility, correlation between your assets, value at risk, expected return as well as over 100 different fundamental and technical indicators.

Build Optimal Portfolios

Align your risk with return expectations

Fix your portfolio
By capturing your risk tolerance and investment horizon Macroaxis technology of instant portfolio optimization will compute exactly how much risk is acceptable for your desired return expectations
Additionally, see Correlation Analysis. You can also try Insider Screener module to find insiders across different sectors to evaluate their impact on performance.

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.
Options Analysis
Analyze and evaluate options and option chains as a potential hedge for your portfolios
Go
Global Correlations
Find global opportunities by holding instruments from different markets
Go
Sync Your Broker
Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors.
Go
Focused Opportunities
Build portfolios using our predefined set of ideas and optimize them against your investing preferences
Go
Equity Valuation
Check real value of public entities based on technical and fundamental data
Go
Piotroski F Score
Get Piotroski F Score based on binary analysis strategy of nine different fundamentals
Go
Price Transformation
Use Price Transformation models to analyze depth of different equity instruments across global markets
Go
Fundamental Analysis
View fundamental data based on most recent published financial statements
Go
Alpha Finder
Use alpha and beta coefficients to find investment opportunities after accounting for the risk
Go
Fund Screener
Find actively-traded funds from around the world traded on over 30 global exchanges
Go
Efficient Frontier
Plot and analyze your portfolio and positions against risk-return landscape of the market.
Go