MAG Net Debt To E B I T D A from 2010 to 2024
| MAG Stock | CAD 21.60 0.04 0.19% |
Net Debt To EBITDA | First Reported 2010-12-31 | Previous Quarter 4.90434969 | Current Value 5.06 | Quarterly Volatility 7.80385979 |
Check MAG Silver financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among MAG Silver's main balance sheet or income statement drivers, such as Interest Expense of 23.8 M, Other Operating Expenses of 54.2 M or Total Operating Expenses of 54.2 M, as well as many indicators such as Price To Sales Ratio of 0.0, Dividend Yield of 0.0 or PTB Ratio of 2.02. MAG financial statements analysis is a perfect complement when working with MAG Silver Valuation or Volatility modules.
MAG | Net Debt To E B I T D A |
Pair Trading with MAG Silver
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 MAG Silver 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 MAG Silver will appreciate offsetting losses from the drop in the long position's value.Moving together with MAG Stock
| 0.98 | AG | First Majestic Silver | PairCorr |
| 0.92 | IE | Ivanhoe Energy | PairCorr |
| 0.85 | FDY | Faraday Copper Corp | PairCorr |
Moving against MAG Stock
The ability to find closely correlated positions to MAG Silver could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace MAG Silver 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 MAG Silver - 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 MAG Silver Corp to buy it.
The correlation of MAG Silver 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 MAG Silver moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if MAG Silver Corp 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 MAG Silver 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 the analysis of MAG Silver Correlation against competitors. You can also try the Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.