McEwen Price To Sales Ratio from 2010 to 2026
| MUX Stock | CAD 27.72 0.77 2.70% |
Price To Sales Ratio | First Reported 2010-12-31 | Previous Quarter 2.61 | Current Value 2.48 | Quarterly Volatility 53.00214166 |
Check McEwen Mining financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among McEwen Mining's main balance sheet or income statement drivers, such as Depreciation And Amortization of 37.3 M, Interest Expense of 5.5 M or Selling General Administrative of 20.7 M, as well as many indicators such as Price To Sales Ratio of 2.48, Dividend Yield of 0.0046 or PTB Ratio of 0.87. McEwen financial statements analysis is a perfect complement when working with McEwen Mining Valuation or Volatility modules.
McEwen | Price To Sales Ratio |
Latest McEwen Mining's Price To Sales Ratio Growth Pattern
Below is the plot of the Price To Sales Ratio of McEwen Mining over the last few years. Price to Sales Ratio is figured by comparing McEwen Mining stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on McEwen Mining sales, a figure that is much harder to manipulate than other McEwen Mining multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. It is a valuation ratio that compares a company's stock price to its revenues, calculated by dividing the company's market cap by its total sales or revenue over a 12-month period. McEwen Mining's Price To Sales Ratio historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in McEwen Mining's overall financial position and show how it may be relating to other accounts over time.
| View | Last Reported 9.37 X | 10 Years Trend |
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Price To Sales Ratio |
| Timeline |
McEwen Price To Sales Ratio Regression Statistics
| Arithmetic Mean | 25.68 | |
| Geometric Mean | 7.52 | |
| Coefficient Of Variation | 206.39 | |
| Mean Deviation | 33.20 | |
| Median | 4.19 | |
| Standard Deviation | 53.00 | |
| Sample Variance | 2,809 | |
| Range | 163 | |
| R-Value | (0.57) | |
| Mean Square Error | 2,031 | |
| R-Squared | 0.32 | |
| Significance | 0.02 | |
| Slope | (5.96) | |
| Total Sum of Squares | 44,948 |
McEwen Price To Sales Ratio History
About McEwen Mining Financial Statements
McEwen Mining investors utilize fundamental indicators, such as Price To Sales Ratio, to predict how McEwen Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| Price To Sales Ratio | 2.61 | 2.48 |
Pair Trading with McEwen Mining
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 McEwen Mining 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 McEwen Mining will appreciate offsetting losses from the drop in the long position's value.Moving together with McEwen Stock
Moving against McEwen Stock
| 0.45 | AMZN | Amazon CDR | PairCorr |
| 0.35 | AAPL | Apple Inc CDR | PairCorr |
| 0.35 | AAPL | Apple CDR | PairCorr |
| 0.31 | ISRG | Intuitive Surgical CDR | PairCorr |
The ability to find closely correlated positions to McEwen Mining could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace McEwen Mining 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 McEwen Mining - 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 McEwen Mining to buy it.
The correlation of McEwen Mining 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 McEwen Mining moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if McEwen Mining 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 McEwen Mining 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 McEwen Mining Correlation against competitors. To learn how to invest in McEwen Stock, please use our How to Invest in McEwen Mining guide.You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.