Magellan Stock Alpha and Beta Analysis


USD 94.99  0.00  0.00%   

This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Magellan Health. It also helps investors analyze the systematic and unsystematic risks associated with investing in Magellan Health over a specified time horizon. Remember, high Magellan Health's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation.
Additionally, see Stocks Correlation.
Please note that although Magellan Health alpha is a measure of relative return and represented here as a single number, it indicates the percentage above or below your selected benchmark (i.e., DOW index.) So in this particular case, Magellan Health did 0.005374  worse than the index. Remember, a high alpha is always good. Beta, on the other hand, measures the volatility (or risk) of an investment. It is an indication of Magellan Health stock's relative risk over its benchmark. Magellan Health has a beta of 0.0063  . 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.
Magellan Health Enterprise Value over EBIT is quite stable at the moment as compared to the past year. The company's current value of Enterprise Value over EBIT is estimated at 11.99. Enterprise Value over EBITDA is expected to rise to 7.27 this year, although Book Value per Share will most likely fall to 71.62.
Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.

Magellan Health Quarterly Book Value per Share


Magellan Health Market Premiums

Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Magellan Health market risk premium is the additional return an investor will receive from holding Magellan Health long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Magellan Health. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Magellan Health's performance over market.
α-0.0054   β0.0063
90 days against DJI

Magellan Health Fundamentals Vs Peers

Comparing Magellan Health's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Magellan Health's direct or indirect competition across all of the common fundamentals between Magellan Health and the related equities. This way, we can detect undervalued stocks with similar characteristics as Magellan Health or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Magellan Health's fundamental indicators could also be used in its relative valuation, which is a method of valuing Magellan Health by comparing valuation metrics with those of similar companies.
 Better Than Average     
 Worse Than Average Compare Magellan Health to competition
FundamentalsMagellan HealthPeer Average
Return On Equity(0.16) %(0.31) %
Return On Asset0.54 %(0.14) %
Profit Margin6.26 %(1.27) %
Operating Margin0.60 %(5.51) %
Current Valuation2.09 B16.62 B
Shares Outstanding26.33 M571.82 M
Shares Owned by Insiders1.64 %10.09 %

Magellan Health Opportunities

Magellan Health Return and Market Media

The Stock received substential amount of media coverage during this period.
 Price Growth (%)  
Magellan Health gains 0.04 percent for October 21 - Equities...10/21/2021
Behavioral Therapy Market Size Expected To Reach Nearly USD ...10/28/2021
Centene Sells Majority Stake In U.S. Medical Management - We...11/03/2021
Financial Statements11/05/2021
Magellan Q3 Earnings Decline YY on Elevated Costs - Nasdaq11/08/2021
Pharmacy Benefit Management Market Size, Growth Top Companie...11/16/2021
Magellan Health exotic insider transaction detected12/02/2021
Exercise or conversion by Fasola Kenneth J of 8580 shares of...12/06/2021
Centene Stock Price Jumps as It Weighs Divesting Internation...12/10/2021
Magellan Health Responds to U.S. Surgeon Generals Call to Pr...12/16/2021
Magellan Unit Ties Up to Offer Solution for Older Adults - N...12/21/2021
Financial Statements12/30/2021
Pre-Open Stock Movers 0103 Higher Lower - StreetInsider.com01/03/2022
Disposition of 10605 shares by Haddock David of Magellan Hea...01/04/2022

About Magellan Health Beta and Alpha

For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all equity instruments such as Ford or other stocks, funds, and ETFs. Alpha measures the amount that position in Magellan Health has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
 2019 2021 2022 (projected)
Long Term Debt to Equity0.490.30.29
Interest Coverage5.766.636.81

Magellan Health Upcoming Company Events

As portrayed in its financial statements, the presentation of Magellan Health's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Magellan Health's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Magellan Health's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Magellan Health. Please utilize our Beneish M Score to check the likelihood of Magellan Health's management manipulating its earnings.
Upcoming Quarterly Report25th of February 2022
Next Financial Report29th of April 2022
Next Fiscal Quarter End31st of December 2021
Next Fiscal Year End25th of February 2022
Last Quarter Report30th of September 2021
Last Financial Announcement31st of December 2020

Build Portfolio with Magellan Health

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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 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 Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market 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.
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