Mcewen Mining Stock Alpha and Beta Analysis
| MUX Stock | USD 8.21 0.17 2.03% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as McEwen Mining. It also helps investors analyze the systematic and unsystematic risks associated with investing in McEwen Mining over a specified time horizon. Remember, high McEwen Mining'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. Key technical indicators related to McEwen Mining's market risk premium analysis include:
Beta 0.69 | Alpha (0.23) | Risk 3.17 | Sharpe Ratio (0.04) | Expected Return (0.12) |
McEwen Mining Quarterly Cash And Equivalents |
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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.
McEwen |
McEwen Mining Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. McEwen Mining market risk premium is the additional return an investor will receive from holding McEwen Mining 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 McEwen Mining. 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 McEwen Mining's performance over market.| α | -0.23 | β | 0.69 |
McEwen Mining expected buy-and-hold returns
Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of McEwen Mining's Buy-and-hold return. Our buy-and-hold chart shows how McEwen Mining performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.McEwen Mining Market Price Analysis
Market price analysis indicators help investors to evaluate how McEwen Mining stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading McEwen Mining shares will generate the highest return on investment. By understating and applying McEwen Mining stock market price indicators, traders can identify McEwen Mining position entry and exit signals to maximize returns.
McEwen Mining Return and Market Media
The median price of McEwen Mining for the period between Tue, Aug 27, 2024 and Mon, Nov 25, 2024 is 9.32 with a coefficient of variation of 7.9. The daily time series for the period is distributed with a sample standard deviation of 0.74, arithmetic mean of 9.37, and mean deviation of 0.58. The Stock received substential amount of media coverage during this period. Price Growth (%) |
| Timeline |
1 | Romios Provides a Review of the New Honeycomb Hill Porphyry Cu-Au-Ag Target at the Kinkaid Property, Nevada, USA and Tom Drivas Announces Change in Ownership In... | 10/08/2024 |
2 | McEwen Now Trades Above Golden Cross Time to Buy | 10/21/2024 |
3 | McEwen Mining Inc Shares Up 3.08 percent on Oct 22 | 10/22/2024 |
4 | McEwen Mining secures additional 35M investment from Rio Tinto venture | 10/24/2024 |
5 | TNR Gold NSR Royalty Update - Los Azules Copper, Gold and Silver Project McEwen Copper Announces an Additional US35 Million Investment by Nuton, a Rio Tinto Ven... | 10/28/2024 |
6 | Acquisition by Carmen Diges of 20000 shares of McEwen Mining at 7.1 subject to Rule 16b-3 | 10/31/2024 |
7 | McEwen Mining GAAP EPS of -0.04 beats by 0.06, revenue of 52.25M beats by 8.37M | 11/05/2024 |
8 | FIRST NATION DRILL COMPANY ENGAGED FOR PHASE III DRILLING AT CASE LAKE | 11/06/2024 |
9 | Q3 2024 McEwen Mining Inc Earnings Call Transcript | 11/07/2024 |
10 | Canadian Gold Corp. Announces Non-Brokered Financing to Advance Phase 4 Exploration at Tartan | 11/20/2024 |
About McEwen Mining 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 financial instruments including McEwen or other stocks. Alpha measures the amount that position in McEwen Mining 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.
McEwen Mining Upcoming Company Events
As portrayed in its financial statements, the presentation of McEwen Mining's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, McEwen Mining's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of McEwen Mining's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of McEwen Mining. Please utilize our Beneish M Score to check the likelihood of McEwen Mining's management manipulating its earnings.
| 11th of March 2024 Upcoming Quarterly Report | View | |
| 13th of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 11th of March 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
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Additional Tools for McEwen Stock Analysis
When running McEwen Mining's price analysis, check to measure McEwen Mining'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 McEwen Mining is operating at the current time. Most of McEwen Mining's value examination focuses on studying past and present price action to predict the probability of McEwen Mining's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move McEwen Mining's price. Additionally, you may evaluate how the addition of McEwen Mining to your portfolios can decrease your overall portfolio volatility.