Magellan Stock Performance

MGLN
 Stock
  

USD 94.99  0.00  0.00%   

The company secures a Beta (Market Risk) of 0.012, which conveys not very significant fluctuations relative to the market. Let's try to break down what Magellan's beta means in this case. As returns on the market increase, Magellan Health returns are expected to increase less than the market. However, during the bear market, the loss on holding Magellan Health will be expected to be smaller as well. Although it is important to respect Magellan Health price patterns, it is better to be realistic regarding the information on the equity's historical price patterns. The philosophy towards estimating future performance of any stock is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By analyzing Magellan Health technical indicators, you can presently evaluate if the expected return of 0.0% will be sustainable into the future. Magellan Health right now secures a risk of 0.0%. Please verify Magellan Health information ratio, as well as the relationship between the potential upside and kurtosis to decide if Magellan Health will be following its current price movements.
  
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Magellan Performance
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Over the last 90 days Magellan Health has generated negative risk-adjusted returns adding no value to investors with long positions. Despite quite persistent essential indicators, Magellan Health is not utilizing all of its potentials. The latest stock price mess, may contribute to short-term losses for the institutional investors. ...more
Quick Ratio2.44
Fifty Two Week Low82.94
Target High Price95.00
Fifty Two Week High99.36
Target Low Price95.00

Magellan Health Relative Risk vs. Return Landscape

If you would invest (100.00)  in Magellan Health on April 5, 2022 and sell it today you would earn a total of  100.00  from holding Magellan Health or generate -100.0% return on investment over 90 days. Magellan Health is currently does not generate positive expected returns and assumes 0.0% risk (volatility on return distribution) over the 90 days horizon. In different words, 0% of stocks are less volatile than Magellan, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon.
 Daily Expected Return (%) 
      Risk (%) 

Magellan Health Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Magellan Health's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Magellan Health, and traders can use it to determine the average amount a Magellan Health's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.

Sharpe Ratio = 0.0

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MGLN
Based on monthly moving average Magellan Health is performing at about 0% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Magellan Health by adding it to a well-diversified portfolio.

About Magellan Health Performance

To evaluate Magellan Health Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Magellan Health generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Magellan Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Magellan Health stock market performance in a much more refined way. At Macroaxis, we take it even further. The Macroaxis performance score is an integer between 0 and 100 that represents Magellan's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.
Last ReportedProjected for 2022
Return on Investment(0.69) (0.71) 
Return on Average Assets 0.10  0.11 
Return on Average Equity 0.21  0.23 
Return on Invested Capital 0.21  0.25 
Return on Sales 0.07  0.08 
Magellan Health, Inc., together with its subsidiaries, provides healthcare management services in the United States. As of January 4, 2022, Magellan Health, Inc. operates as a subsidiary of Centene Corporation. Magellan Health operates under Healthcare Plans classification in the United States and is traded on NASDAQ Exchange. It employs 9000 people.

Things to note about Magellan Health

Checking the ongoing alerts about Magellan Health for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Magellan Health help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.

Magellan Health Alerts

Equity Alerts and Improvement Suggestions

Magellan Health is not currently marked as verified by its exchange. Report It!
Additionally, see Stocks Correlation. Note that the Magellan Health information on this page should be used as a complementary analysis to other Magellan Health'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 Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.

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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