Magna Terra Minerals Stock Market Value
| MTT Stock | CAD 0.02 0.01 33.33% |
| Symbol | Magna |
Magna Terra Minerals Price To Book Ratio
Magna Terra '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 Magna Terra'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 Magna Terra.
| 12/05/2022 |
| 11/24/2024 |
If you would invest 0.00 in Magna Terra on December 5, 2022 and sell it all today you would earn a total of 0.00 from holding Magna Terra Minerals or generate 0.0% return on investment in Magna Terra over 720 days. Magna Terra is related to or competes with Golden Pursuit. Magna Terra Minerals Inc. engages in the acquisition, exploration, and retention of mineral property assets More
Magna Terra 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 Magna Terra'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 Magna Terra Minerals upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 35.63 | |||
| Information Ratio | 0.0563 | |||
| Maximum Drawdown | 83.33 | |||
| Value At Risk | (33.33) | |||
| Potential Upside | 50.0 |
Magna Terra Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Magna Terra's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Magna Terra's standard deviation. In reality, there are many statistical measures that can use Magna Terra historical prices to predict the future Magna Terra's volatility.| Risk Adjusted Performance | 0.0578 | |||
| Jensen Alpha | 1.02 | |||
| Total Risk Alpha | (1.91) | |||
| Sortino Ratio | 0.0318 | |||
| Treynor Ratio | 0.6458 |
Magna Terra Minerals Backtested Returns
Magna Terra is out of control given 3 months investment horizon. Magna Terra Minerals has Sharpe Ratio of 0.0638, which conveys that the firm had a 0.0638% return per unit of risk over the last 3 months. We were able to interpolate twenty-eight different technical indicators, which can help you to evaluate if expected returns of 1.3% are justified by taking the suggested risk. Use Magna Terra Minerals Mean Deviation of 10.34, downside deviation of 35.63, and Risk Adjusted Performance of 0.0578 to evaluate company specific risk that cannot be diversified away. Magna Terra holds a performance score of 5 on a scale of zero to a hundred. The company secures a Beta (Market Risk) of 1.94, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Magna Terra will likely underperform. Use Magna Terra Minerals total risk alpha and the relationship between the potential upside and price action indicator , to analyze future returns on Magna Terra Minerals.
Auto-correlation | -0.04 |
Very weak reverse predictability
Magna Terra Minerals has very weak reverse predictability. Overlapping area represents the amount of predictability between Magna Terra time series from 5th of December 2022 to 30th of November 2023 and 30th of November 2023 to 24th 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 Magna Terra Minerals price movement. The serial correlation of -0.04 indicates that only as little as 4.0% of current Magna Terra price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.04 | |
| Spearman Rank Test | -0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Magna Terra Minerals lagged returns against current returns
Autocorrelation, which is Magna Terra 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 Magna Terra's stock expected returns. We can calculate the autocorrelation of Magna Terra returns to help us make a trade decision. For example, suppose you find that Magna Terra 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 |
Magna Terra 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 Magna Terra stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Magna Terra stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Magna Terra stock over time.
Current vs Lagged Prices |
| Timeline |
Magna Terra Lagged Returns
When evaluating Magna Terra's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Magna Terra stock have on its future price. Magna Terra 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, Magna Terra autocorrelation shows the relationship between Magna Terra stock current value and its past values and can show if there is a momentum factor associated with investing in Magna Terra Minerals.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Magna Stock Analysis
When running Magna Terra's price analysis, check to measure Magna Terra'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 Terra is operating at the current time. Most of Magna Terra's value examination focuses on studying past and present price action to predict the probability of Magna Terra'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 Terra's price. Additionally, you may evaluate how the addition of Magna Terra to your portfolios can decrease your overall portfolio volatility.