Magellan Gold Corp Stock Market Value
| MAGE Stock | USD 0.12 0.00 0.00% |
| Symbol | Magellan |
Magellan Gold '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 Magellan Gold's pink sheet 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 Magellan Gold.
| 01/06/2023 |
| 11/26/2024 |
If you would invest 0.00 in Magellan Gold on January 6, 2023 and sell it all today you would earn a total of 0.00 from holding Magellan Gold Corp or generate 0.0% return on investment in Magellan Gold over 690 days. Magellan Gold is related to or competes with Morningstar Unconstrained, High-yield Municipal, Knife River, Klckner Co, CarMax, SEI Investments, and Kosmos Energy. Magellan Gold Corporation, an exploration stage company, engages in the acquisition, exploration, and development of min... More
Magellan Gold 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 Magellan Gold's pink sheet 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 Magellan Gold Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 13.3 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 43.75 | |||
| Value At Risk | (7.69) | |||
| Potential Upside | 6.67 |
Magellan Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Magellan Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Magellan Gold's standard deviation. In reality, there are many statistical measures that can use Magellan Gold historical prices to predict the future Magellan Gold's volatility.| Risk Adjusted Performance | 0.0155 | |||
| Jensen Alpha | 0.1965 | |||
| Total Risk Alpha | (0.90) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | (0.03) |
Magellan Gold Corp Backtested Returns
At this point, Magellan Gold is out of control. Magellan Gold Corp has Sharpe Ratio of 0.009, which conveys that the firm had a 0.009% return per unit of risk over the last 3 months. We have found twenty-four technical indicators for Magellan Gold, which you can use to evaluate the volatility of the firm. Please verify Magellan Gold's Downside Deviation of 13.3, risk adjusted performance of 0.0155, and Mean Deviation of 2.18 to check out if the risk estimate we provide is consistent with the expected return of 0.0565%. The company secures a Beta (Market Risk) of -1.29, which conveys a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Magellan Gold are expected to decrease by larger amounts. On the other hand, during market turmoil, Magellan Gold is expected to outperform it. Magellan Gold Corp right now secures a risk of 6.24%. Please verify Magellan Gold Corp value at risk, kurtosis, and the relationship between the sortino ratio and semi variance , to decide if Magellan Gold Corp will be following its current price movements.
Auto-correlation | -0.11 |
Insignificant reverse predictability
Magellan Gold Corp has insignificant reverse predictability. Overlapping area represents the amount of predictability between Magellan Gold time series from 6th of January 2023 to 17th of December 2023 and 17th of December 2023 to 26th 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 Magellan Gold Corp price movement. The serial correlation of -0.11 indicates that less than 11.0% of current Magellan Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.11 | |
| Spearman Rank Test | -0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Magellan Gold Corp lagged returns against current returns
Autocorrelation, which is Magellan Gold pink sheet'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 Magellan Gold's pink sheet expected returns. We can calculate the autocorrelation of Magellan Gold returns to help us make a trade decision. For example, suppose you find that Magellan Gold has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Magellan Gold 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 Magellan Gold pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Magellan Gold pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Magellan Gold pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Magellan Gold Lagged Returns
When evaluating Magellan Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Magellan Gold pink sheet have on its future price. Magellan Gold 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, Magellan Gold autocorrelation shows the relationship between Magellan Gold pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Magellan Gold Corp.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Magellan Pink Sheet
Magellan Gold financial ratios help investors to determine whether Magellan Pink Sheet is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Magellan with respect to the benefits of owning Magellan Gold security.