| MAG Stock | | | CAD 21.17 0.51 2.35% |
MAG Silver financial indicator trend analysis is infinitely more than just investigating MAG Silver Corp recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether MAG Silver Corp is a good investment. Please check the relationship between MAG Silver Total Liab and its Common Stock Total Equity accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MAG Silver Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
Total Liab vs Common Stock Total Equity
Total Liab vs Common Stock Total Equity Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
MAG Silver Corp Total Liab account and
Common Stock Total Equity. At this time, the significance of the direction appears to have strong relationship.
The correlation between MAG Silver's Total Liab and Common Stock Total Equity is 0.72. Overlapping area represents the amount of variation of Total Liab that can explain the historical movement of Common Stock Total Equity in the same time period over historical financial statements of MAG Silver Corp, assuming nothing else is changed. The correlation between historical values of MAG Silver's Total Liab and Common Stock Total Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Liab of MAG Silver Corp are associated (or correlated) with its Common Stock Total Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Total Equity has no effect on the direction of Total Liab i.e., MAG Silver's Total Liab and Common Stock Total Equity go up and down completely randomly.
Correlation Coefficient | 0.72 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Total Liab
The total amount of all liabilities that a company has, including both short-term and long-term liabilities.
Common Stock Total Equity
The total value of common stock equity held by shareholders, representing their ownership interest in the company.
Most indicators from MAG Silver's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into MAG Silver Corp current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MAG Silver Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
At this time, MAG Silver's
Tax Provision is very stable compared to the past year. As of the 26th of November 2024,
Enterprise Value is likely to grow to about 1.4
B, while
Selling General Administrative is likely to drop about 8
M.
MAG Silver fundamental ratios Correlations
Click cells to compare fundamentals
MAG Silver Account Relationship Matchups
High Positive Relationship
High Negative Relationship
MAG Silver fundamental ratios Accounts
When determining whether MAG Silver Corp is a strong investment it is important to analyze MAG Silver's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact MAG Silver's
future performance.
For an informed investment choice regarding MAG Stock, refer to the following important reports: Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MAG Silver Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
You can also try the
Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
Please note, there is a significant difference between MAG Silver's value and its price as these two are different measures arrived at by different means. Investors typically determine if MAG Silver is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MAG Silver's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.