Magna Mining Stock Price on November 10, 2023
| NICU Stock | 1.53 0.04 2.55% |
If you're considering investing in Magna Stock, it is important to understand the factors that can impact its price. As of today, the current price of Magna Mining stands at 1.53, as last reported on the 11th of December 2024, with the highest price reaching 1.58 and the lowest price hitting 1.52 during the day. Magna Mining appears to be dangerous, given 3 months investment horizon. Magna Mining has Sharpe Ratio of 0.17, which conveys that the firm had a 0.17% return per unit of risk over the last 3 months. By analyzing Magna Mining's technical indicators, you can evaluate if the expected return of 0.68% is justified by implied risk. Please exercise Magna Mining's Mean Deviation of 3.41, risk adjusted performance of 0.1659, and Downside Deviation of 2.73 to check out if our risk estimates are consistent with your expectations.
Common Stock is likely to climb to about 16 M in 2024, whereas Total Stockholder Equity is likely to drop slightly above 4.4 M in 2024. . At this time, Magna Mining's Price Book Value Ratio is fairly stable compared to the past year. Price To Book Ratio is likely to climb to 14.72 in 2024, whereas Price Earnings To Growth Ratio is likely to drop 0.11 in 2024. Magna Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Magna |
Sharpe Ratio = 0.1689
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Estimated Market Risk
| 4.0 actual daily | 35 65% of assets are more volatile |
Expected Return
| 0.68 actual daily | 13 87% of assets have higher returns |
Risk-Adjusted Return
| 0.17 actual daily | 13 87% of assets perform better |
Based on monthly moving average Magna Mining is performing at about 13% 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 Magna Mining by adding it to a well-diversified portfolio.
Price Book 16.7946 | Book Value 0.045 | Enterprise Value 307.3 M | Enterprise Value Ebitda (32.95) | Shares Float 97 M |
Magna Mining Valuation on November 10, 2023
It is possible to determine the worth of Magna Mining on a given historical date. On November 10, 2023 Magna was worth 0.49 at the beginning of the trading date compared to the closed value of 0.49. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Magna Mining stock. Still, in general, we apply an absolute valuation method to find Magna Mining's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Magna Mining where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Magna Mining's related companies.
| Open | High | Low | Close | Volume | |
| 0.50 | 0.50 | 0.47 | 0.49 | 45,529 | |
11/10/2023 | 0.49 | 0.51 | 0.48 | 0.49 | 35,200 |
| 0.50 | 0.50 | 0.48 | 0.48 | 36,671 |
| Backtest Magna Mining | | | Magna Mining History | | | Magna Mining Valuation | Previous | Next |
Magna Mining Trading Date Momentum on November 10, 2023
| On November 13 2023 Magna Mining was traded for 0.48 at the closing time. The maximum traded price for the trading interval was 0.50 and the lowest daily price was 0.48 . The daily volume was recorded at 36.7 K. The volume of trading on 13th of November 2023 played a part in the next trading day price drop. The trading delta at closing time to the next closing price was 2.04% . The trading delta at closing time to the closing price today is 0.00% . |
Magna Mining Fundamentals Correlations and Trends
By evaluating Magna Mining's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Magna Mining's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Magna financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Magna Mining Stock history
Magna Mining investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Magna is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Magna Mining will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Magna Mining stock prices may prove useful in developing a viable investing in Magna Mining
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 163.4 M | 122.6 M | |
| Net Loss | -6.1 M | -5.8 M |
Magna Mining Quarterly Net Working Capital |
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Magna Mining Stock Technical Analysis
Magna Mining technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Magna Mining Period Price Range
Low | December 11, 2024
| High |
0.00 | 0.00 |
Magna Mining cannot be verified against its exchange. Please verify the symbol is currently traded on TSX Venture Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Magna Mining December 11, 2024 Market Strength
Market strength indicators help investors to evaluate how Magna 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 Magna Mining shares will generate the highest return on investment. By undertsting and applying Magna Mining stock market strength indicators, traders can identify Magna Mining entry and exit signals to maximize returns
Magna Mining Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Magna Mining's price direction in advance. Along with the technical and fundamental analysis of Magna Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Magna to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.1659 | |||
| Jensen Alpha | 0.8281 | |||
| Total Risk Alpha | 0.2911 | |||
| Sortino Ratio | 0.3589 | |||
| Treynor Ratio | 0.4712 |
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Additional Tools for Magna Stock Analysis
When running Magna Mining's price analysis, check to measure Magna 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 Magna Mining is operating at the current time. Most of Magna Mining's value examination focuses on studying past and present price action to predict the probability of Magna 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 Magna Mining's price. Additionally, you may evaluate how the addition of Magna Mining to your portfolios can decrease your overall portfolio volatility.