MAG Silver Corp Volatility
| MAGDelisted Stock | USD 24.47 0.00 0.00% |
We have found twenty-four technical indicators for MAG Silver, which you can use to evaluate the volatility of the entity. Please verify MAG Silver's Semi Deviation of 1.25, mean deviation of 1.36, and Downside Deviation of 1.53 to check out if the risk estimate we provide is consistent with the expected return of 0.0%.
Sharpe Ratio = 0.0
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Based on monthly moving average MAG Silver is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of MAG Silver by adding MAG Silver to a well-diversified portfolio.
Key indicators related to MAG Silver's volatility include:90 Days Market Risk | Chance Of Distress | 90 Days Economic Sensitivity |
MAG Silver Stock volatility depicts how high the prices fluctuate around the mean (or its average) price. In other words, it is a statistical measure of the distribution of MAG daily returns, and it is calculated using variance and standard deviation. We also use MAG's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of MAG Silver volatility.
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Since volatility provides investors with entry points to take advantage of stock prices, companies, such as MAG Silver can benefit from it. Downward market volatility can be a perfect environment for investors who play the long game as hey may decide to buy additional stocks of MAG Silver at lower prices to lower their average cost per share. Similarly, when the prices of MAG Silver's stock rise, investors can sell out and invest the proceeds in other equities with better opportunities. Main indicators related to MAG Silver's market risk premium analysis include:
Beta (0.58) | Alpha 0.37 | Risk 0.0 | Sharpe Ratio 0.0 | Expected Return 0.0 |
Moving together with MAG Stock
| 0.83 | MBFJF | Mitsubishi UFJ Financial Downward Rally | PairCorr |
| 0.87 | JPSTF | JAPAN POST BANK | PairCorr |
| 0.83 | MZHOF | Mizuho Financial Normal Trading | PairCorr |
| 0.87 | CGECF | Cogeco Inc | PairCorr |
| 0.64 | NNBR | NN Inc | PairCorr |
| 0.72 | GRBK | Green Brick Partners | PairCorr |
| 0.82 | MTGRF | Mount Gibson Iron Earnings Call Today | PairCorr |
Moving against MAG Stock
| 0.8 | PBCRY | Bank Central Asia | PairCorr |
| 0.73 | ADVWW | Advantage Solutions | PairCorr |
| 0.64 | MAPSW | WM Technology | PairCorr |
| 0.62 | GCMGW | GCM Grosvenor | PairCorr |
| 0.53 | PCTTW | PureCycle Technologies | PairCorr |
| 0.46 | BAM | Brookfield Asset Man Normal Trading | PairCorr |
| 0.34 | GOEVW | Canoo Holdings | PairCorr |
MAG Silver Market Sensitivity And Downside Risk
MAG Silver's beta coefficient measures the volatility of MAG stock compared to the systematic risk of the entire market represented by your selected benchmark. In mathematical terms, beta represents the slope of the line through a regression of data points where each of these points represents MAG stock's returns against your selected market. In other words, MAG Silver's beta of -0.58 provides an investor with an approximation of how much risk MAG Silver stock can potentially add to one of your existing portfolios. MAG Silver Corp has relatively low volatility with skewness of 0.44 and kurtosis of 0.81. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure MAG Silver's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact MAG Silver's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.
3 Months Beta |Analyze MAG Silver Corp Demand TrendCheck current 90 days MAG Silver correlation with market (Dow Jones Industrial)MAG Silver Volatility and Downside Risk
MAG standard deviation measures the daily dispersion of prices over your selected time horizon relative to its mean. A typical volatile entity has a high standard deviation, while the deviation of a stable instrument is usually low. As a downside, the standard deviation calculates all uncertainty as risk, even when it is in your favor, such as above-average returns.
MAG Silver Corp Stock Volatility Analysis
Volatility refers to the frequency at which MAG Silver delisted stock price increases or decreases within a specified period. These fluctuations usually indicate the level of risk that's associated with MAG Silver's price changes. Investors will then calculate the volatility of MAG Silver's stock to predict their future moves. A delisted stock that has erratic price changes quickly hits new highs, and lows are considered highly volatile. A stock with relatively stable price changes has low volatility. A highly volatile delisted stock is riskier, but the risk cuts both ways. Investing in highly volatile security can either be highly successful, or you may experience significant failure. There are two main types of MAG Silver's volatility:
Historical Volatility
This type of delisted stock volatility measures MAG Silver's fluctuations based on previous trends. It's commonly used to predict MAG Silver's future behavior based on its past. However, it cannot conclusively determine the future direction of the stock.Implied Volatility
This type of volatility provides a positive outlook on future price fluctuations for MAG Silver's current market price. This means that the delisted stock will return to its initially predicted market price. This type of volatility can be derived from derivative instruments written on MAG Silver's to be redeemed at a future date.Transformation |
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MAG Silver Projected Return Density Against Market
Considering the 90-day investment horizon MAG Silver Corp has a beta of -0.5804 . This indicates as returns on the benchmark increase, returns on holding MAG Silver are expected to decrease at a much lower rate. During a bear market, however, MAG Silver Corp is likely to outperform the market.Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to MAG Silver or Metals & Mining sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that MAG Silver's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a MAG delisted stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
Predicted Return Density |
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What Drives a MAG Silver Price Volatility?
Several factors can influence a delisted stock's market volatility:Industry
Specific events can influence volatility within a particular industry. For instance, a significant weather upheaval in a crucial oil-production site may cause oil prices to increase in the oil sector. The direct result will be the rise in the stock price of oil distribution companies. Similarly, any government regulation in a specific industry could negatively influence stock prices due to increased regulations on compliance that may impact the company's future earnings and growth.Political and Economic environment
When governments make significant decisions regarding trade agreements, policies, and legislation regarding specific industries, they will influence stock prices. Everything from speeches to elections may influence investors, who can directly influence the stock prices in any particular industry. The prevailing economic situation also plays a significant role in stock prices. When the economy is doing well, investors will have a positive reaction and hence, better stock prices and vice versa.The Company's Performance
Sometimes volatility will only affect an individual company. For example, a revolutionary product launch or strong earnings report may attract investor attention to the company. This positive attention may impact the company's stock price. In contrast, product recalls and data breaches may negatively influence a company's stock prices.MAG Silver Stock Return Volatility
MAG Silver historical daily return volatility represents how much of MAG Silver delisted stock's daily returns swing around its mean - it is a statistical measure of its dispersion of returns. The company has volatility of 0.0% on return distribution over 90 days investment horizon. By contrast, Dow Jones Industrial accepts 0.7551% volatility on return distribution over the 90 days horizon. Performance |
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Related Correlations Analysis
Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
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Risk-Adjusted Indicators
There is a big difference between MAG Stock performing well and MAG Silver Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze MAG Silver's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| LTHM | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| SILV | 2.70 | 0.21 | 0.05 | (4.28) | 2.99 | 7.36 | 15.24 | |||
| RFP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| PQG | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| STR | 1.64 | 0.03 | (0.01) | 0.29 | 1.77 | 3.65 | 20.08 | |||
| GATO | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| MATV | 2.04 | 0.17 | 0.10 | 0.15 | 2.13 | 4.75 | 10.34 | |||
| MTUS | 1.77 | 0.32 | 0.15 | 0.31 | 2.01 | 3.76 | 11.02 | |||
| CCF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| MMX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
About MAG Silver Volatility
Volatility is a rate at which the price of MAG Silver or any other equity instrument increases or decreases for a given set of returns. It is measured by calculating the standard deviation of the annualized returns over a given period of time and shows the range to which the price of MAG Silver may increase or decrease. In other words, similar to MAG's beta indicator, it measures the risk of MAG Silver and helps estimate the fluctuations that may happen in a short period of time. So if prices of MAG Silver fluctuate rapidly in a short time span, it is termed to have high volatility, and if it swings slowly in a more extended period, it is understood to have low volatility.
Please read more on our technical analysis page.MAG Silver Corp. engages in the exploration and development of precious metal mining properties. It primarily holds 44 percent interest in the Juanicipio project located in the Fresnillo District, Zacatecas State, Mexico. MAG Silver operates under Silver classification in the United States and is traded on AMEX Exchange. It employs 10 people.
MAG Silver's stock volatility refers to the amount of uncertainty or risk involved with the size of changes in its stock's price. It is a statistical measure of the dispersion of returns on MAG Stock over a specified period of time, often expressed as the standard deviation of daily returns. In other words, it measures how much MAG Silver's price varies over time.
3 ways to utilize MAG Silver's volatility to invest better
Higher MAG Silver's stock volatility means that the price of its stock is changing rapidly and unpredictably, while lower stock volatility indicates that the price of MAG Silver Corp stock is relatively stable. Investors and traders use stock volatility as an indicator of risk and potential reward, as stocks with higher volatility can offer the potential for more significant returns but also come with a greater risk of losses. MAG Silver Corp stock volatility can provide helpful information for making investment decisions in the following ways:- Measuring Risk: Volatility can be used as a measure of risk, which can help you determine the potential fluctuations in the value of MAG Silver Corp investment. A higher volatility means higher risk and potentially larger changes in value.
- Identifying Opportunities: High volatility in MAG Silver's stock can indicate that there is potential for significant price movements, either up or down, which could present investment opportunities.
- Diversification: Understanding how the volatility of MAG Silver's stock relates to your other investments can help you create a well-diversified portfolio of assets with varying levels of risk.
MAG Silver Investment Opportunity
Dow Jones Industrial has a standard deviation of returns of 0.76 and is 9.223372036854776E16 times more volatile than MAG Silver Corp. Compared to the overall equity markets, volatility of historical daily returns of MAG Silver Corp is lower than 0 percent of all global equities and portfolios over the last 90 days. You can use MAG Silver Corp to protect your portfolios against small market fluctuations. The stock experiences a normal downward trend, but the immediate impact on correlations cannot be determined at the moment . Check odds of MAG Silver to be traded at $24.23 in 90 days.Very weak diversification
The correlation between MAG Silver Corp and DJI is 0.55 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding MAG Silver Corp and DJI in the same portfolio, assuming nothing else is changed.
MAG Silver Additional Risk Indicators
The analysis of MAG Silver's secondary risk indicators is one of the essential steps in making a buy or sell decision. The process involves identifying the amount of risk involved in MAG Silver's investment and either accepting that risk or mitigating it. Along with some common measures of MAG Silver stock's risk such as standard deviation, beta, or value at risk, we also provide a set of secondary indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Risk Adjusted Performance | 0.165 | |||
| Market Risk Adjusted Performance | (0.57) | |||
| Mean Deviation | 1.36 | |||
| Semi Deviation | 1.25 | |||
| Downside Deviation | 1.53 | |||
| Coefficient Of Variation | 505.53 | |||
| Standard Deviation | 1.76 |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential stocks, we recommend comparing similar delisted stocks with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
MAG Silver Suggested Diversification Pairs
Pair trading is one of the very effective strategies used by professional day traders and hedge funds capitalizing on short-time and mid-term market inefficiencies. The approach is based on the fact that the ratio of prices of two correlating shares is long-term stable and oscillates around the average value. If the correlation ratio comes outside the common area, you can speculate with a high success rate that the ratio will return to the mean value and collect a profit.
The effect of pair diversification on risk is to reduce it, but we should note this doesn't apply to all risk types. When we trade pairs against MAG Silver as a counterpart, there is always some inherent risk that will never be diversified away no matter what. This volatility limits the effect of tactical diversification using pair trading. MAG Silver's systematic risk is the inherent uncertainty of the entire market, and therefore cannot be mitigated even by pair-trading it against the equity that is not highly correlated to it. On the other hand, MAG Silver's unsystematic risk describes the types of risk that we can protect against, at least to some degree, by selecting a matching pair that is not perfectly correlated to MAG Silver Corp.
Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation. You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.
Other Consideration for investing in MAG Stock
If you are still planning to invest in MAG Silver Corp check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the MAG Silver's history and understand the potential risks before investing.
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