Magna Mining Stock Market Value
| NICU Stock | 1.44 0.01 0.70% |
| Symbol | Magna |
Magna Mining Price To Book Ratio
Magna Mining '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 Mining'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 Mining.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Magna Mining on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Magna Mining or generate 0.0% return on investment in Magna Mining over 30 days. Magna Mining is related to or competes with First Majestic, Ivanhoe Energy, Orezone Gold, and Faraday Copper. Magna Mining is entity of Canada. It is traded as Stock on V exchange. More
Magna Mining 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 Mining'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 Mining upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.97 | |||
| Information Ratio | 0.1789 | |||
| Maximum Drawdown | 31.59 | |||
| Value At Risk | (4.76) | |||
| Potential Upside | 11.43 |
Magna Mining Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Magna Mining's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Magna Mining's standard deviation. In reality, there are many statistical measures that can use Magna Mining historical prices to predict the future Magna Mining's volatility.| Risk Adjusted Performance | 0.1643 | |||
| Jensen Alpha | 0.995 | |||
| Total Risk Alpha | 0.2322 | |||
| Sortino Ratio | 0.3151 | |||
| Treynor Ratio | 2.06 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Magna Mining's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Magna Mining Backtested Returns
Magna Mining is dangerous given 3 months investment horizon. Magna Mining has Sharpe Ratio of 0.21, which conveys that the firm had a 0.21% return per unit of risk over the last 3 months. We were able to break down twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.03% are justified by taking the suggested risk. Use Magna Mining Downside Deviation of 2.97, risk adjusted performance of 0.1643, and Mean Deviation of 3.46 to evaluate company specific risk that cannot be diversified away. Magna Mining holds a performance score of 16 on a scale of zero to a hundred. The company secures a Beta (Market Risk) of 0.51, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Magna Mining's returns are expected to increase less than the market. However, during the bear market, the loss of holding Magna Mining is expected to be smaller as well. Use Magna Mining downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to analyze future returns on Magna Mining.
Auto-correlation | 0.22 |
Weak predictability
Magna Mining has weak predictability. Overlapping area represents the amount of predictability between Magna Mining time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 Mining price movement. The serial correlation of 0.22 indicates that over 22.0% of current Magna Mining price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.22 | |
| Spearman Rank Test | 0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Magna Mining lagged returns against current returns
Autocorrelation, which is Magna Mining 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 Mining's stock expected returns. We can calculate the autocorrelation of Magna Mining returns to help us make a trade decision. For example, suppose you find that Magna Mining 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 Mining 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 Mining stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Magna Mining stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Magna Mining stock over time.
Current vs Lagged Prices |
| Timeline |
Magna Mining Lagged Returns
When evaluating Magna Mining's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Magna Mining stock have on its future price. Magna Mining 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 Mining autocorrelation shows the relationship between Magna Mining stock current value and its past values and can show if there is a momentum factor associated with investing in Magna Mining.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
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.