Mag Silver Corp Stock Market Value
| MAG Stock | USD 15.49 0.13 0.83% |
| Symbol | MAG |
Is Metals & Mining space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of MAG Silver. If investors know MAG will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about MAG Silver listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 1.51 | Earnings Share 0.72 | Return On Assets (0.02) | Return On Equity 0.1403 |
The market value of MAG Silver Corp is measured differently than its book value, which is the value of MAG that is recorded on the company's balance sheet. Investors also form their own opinion of MAG Silver's value that differs from its market value or its book value, called intrinsic value, which is MAG Silver's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because MAG Silver's market value can be influenced by many factors that don't directly affect MAG Silver's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
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.
MAG Silver 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to MAG Silver's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of MAG Silver.
| 02/29/2024 |
| 11/25/2024 |
If you would invest 0.00 in MAG Silver on February 29, 2024 and sell it all today you would earn a total of 0.00 from holding MAG Silver Corp or generate 0.0% return on investment in MAG Silver over 270 days. MAG Silver is related to or competes with Silvercorp Metals, Dolly Varden, Aya Gold, Andean Precious, Guanajuato Silver, Bald Eagle, and Kootenay Silver. MAG Silver Corp. engages in the exploration and development of precious metal mining properties More
MAG Silver Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure MAG Silver's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess MAG Silver Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.76 | |||
| Information Ratio | 0.045 | |||
| Maximum Drawdown | 14.1 | |||
| Value At Risk | (3.77) | |||
| Potential Upside | 5.81 |
MAG Silver Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MAG Silver's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MAG Silver's standard deviation. In reality, there are many statistical measures that can use MAG Silver historical prices to predict the future MAG Silver's volatility.| Risk Adjusted Performance | 0.0766 | |||
| Jensen Alpha | 0.2141 | |||
| Total Risk Alpha | (0.20) | |||
| Sortino Ratio | 0.047 | |||
| Treynor Ratio | 0.8323 |
MAG Silver Corp Backtested Returns
MAG Silver appears to be not too volatile, given 3 months investment horizon. MAG Silver Corp has Sharpe Ratio of 0.0842, which conveys that the company had a 0.0842% return per unit of risk over the last 3 months. We have found thirty technical indicators for MAG Silver, which you can use to evaluate the volatility of the entity. Please exercise MAG Silver's Mean Deviation of 2.11, semi deviation of 2.49, and Downside Deviation of 2.76 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, MAG Silver holds a performance score of 6. The firm secures a Beta (Market Risk) of 0.3, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, MAG Silver's returns are expected to increase less than the market. However, during the bear market, the loss of holding MAG Silver is expected to be smaller as well. Please check MAG Silver's value at risk, kurtosis, and the relationship between the sortino ratio and semi variance , to make a quick decision on whether MAG Silver's current price movements will revert.
Auto-correlation | 0.47 |
Average predictability
MAG Silver Corp has average predictability. Overlapping area represents the amount of predictability between MAG Silver time series from 29th of February 2024 to 13th of July 2024 and 13th of July 2024 to 25th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of MAG Silver Corp price movement. The serial correlation of 0.47 indicates that about 47.0% of current MAG Silver price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.47 | |
| Spearman Rank Test | 0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 2.77 |
MAG Silver Corp lagged returns against current returns
Autocorrelation, which is MAG Silver stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting MAG Silver's stock expected returns. We can calculate the autocorrelation of MAG Silver returns to help us make a trade decision. For example, suppose you find that MAG Silver has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
MAG Silver regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If MAG Silver stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MAG Silver stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MAG Silver stock over time.
Current vs Lagged Prices |
| Timeline |
MAG Silver Lagged Returns
When evaluating MAG Silver's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MAG Silver stock have on its future price. MAG Silver autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, MAG Silver autocorrelation shows the relationship between MAG Silver stock current value and its past values and can show if there is a momentum factor associated with investing in MAG Silver Corp.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
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 MAG Silver Correlation, MAG Silver Volatility and MAG Silver Alpha and Beta module to complement your research on MAG Silver. You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
MAG Silver 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.