Agnico Eagle Mines Stock Market Value

AEM Stock  USD 57.85  1.79  3.19%   
Agnico Eagle's market value is the price at which a share of Agnico Eagle trades on a public exchange. It measures the collective expectations of Agnico Eagle Mines investors about its performance. Agnico Eagle is selling at 57.85 as of the 28th of March 2024; that is 3.19% increase since the beginning of the trading day. The stock's lowest day price was 56.19.
With this module, you can estimate the performance of a buy and hold strategy of Agnico Eagle Mines and determine expected loss or profit from investing in Agnico Eagle over a given investment horizon. Check out Agnico Eagle Correlation, Agnico Eagle Volatility and Agnico Eagle Alpha and Beta module to complement your research on Agnico Eagle.
Symbol

Agnico Eagle Mines Price To Book Ratio

Is Agnico Eagle's industry 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 Agnico Eagle. If investors know Agnico 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 Agnico Eagle 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
1.431
Dividend Share
1.6
Earnings Share
3.95
Revenue Per Share
13.56
Quarterly Revenue Growth
0.269
The market value of Agnico Eagle Mines is measured differently than its book value, which is the value of Agnico that is recorded on the company's balance sheet. Investors also form their own opinion of Agnico Eagle's value that differs from its market value or its book value, called intrinsic value, which is Agnico Eagle'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 Agnico Eagle's market value can be influenced by many factors that don't directly affect Agnico Eagle'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 Agnico Eagle's value and its price as these two are different measures arrived at by different means. Investors typically determine if Agnico Eagle is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Agnico Eagle'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.

Agnico Eagle '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 Agnico Eagle'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 Agnico Eagle.
0.00
02/27/2024
No Change 0.00  0.0 
In 30 days
03/28/2024
0.00
If you would invest  0.00  in Agnico Eagle on February 27, 2024 and sell it all today you would earn a total of 0.00 from holding Agnico Eagle Mines or generate 0.0% return on investment in Agnico Eagle over 30 days. Agnico Eagle is related to or competes with Chemours, Ternium SA, Quanex Building, FutureFuel Corp, CF Industries, NioCorp Developments, and Dupont De. Agnico Eagle Mines Limited engages in the exploration, development, and production of mineral properties in Canada, Mexi... More

Agnico Eagle 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 Agnico Eagle'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 Agnico Eagle Mines upside and downside potential and time the market with a certain degree of confidence.

Agnico Eagle Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Agnico Eagle's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Agnico Eagle's standard deviation. In reality, there are many statistical measures that can use Agnico Eagle historical prices to predict the future Agnico Eagle's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Agnico Eagle'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.
Hype
Prediction
LowEstimatedHigh
56.0858.0059.92
Details
Intrinsic
Valuation
LowRealHigh
52.0762.0363.95
Details
Naive
Forecast
LowNextHigh
53.1955.1157.02
Details
20 Analysts
Consensus
LowTargetHigh
60.7866.7974.14
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Agnico Eagle. Your research has to be compared to or analyzed against Agnico Eagle's peers to derive any actionable benefits. When done correctly, Agnico Eagle's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Agnico Eagle Mines.

Agnico Eagle Mines Backtested Returns

We consider Agnico Eagle very steady. Agnico Eagle Mines secures Sharpe Ratio (or Efficiency) of 0.0621, which signifies that the company had a 0.0621% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Agnico Eagle Mines, which you can use to evaluate the volatility of the firm. Please confirm Agnico Eagle's Downside Deviation of 1.99, mean deviation of 1.46, and Risk Adjusted Performance of 0.0417 to double-check if the risk estimate we provide is consistent with the expected return of 0.12%. Agnico Eagle has a performance score of 4 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 1.88, which signifies 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, Agnico Eagle will likely underperform. Agnico Eagle Mines right now shows a risk of 1.92%. Please confirm Agnico Eagle Mines total risk alpha, expected short fall, price action indicator, as well as the relationship between the value at risk and daily balance of power , to decide if Agnico Eagle Mines will be following its price patterns.

Auto-correlation

    
  0.34  

Below average predictability

Agnico Eagle Mines has below average predictability. Overlapping area represents the amount of predictability between Agnico Eagle time series from 27th of February 2024 to 13th of March 2024 and 13th of March 2024 to 28th of March 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 Agnico Eagle Mines price movement. The serial correlation of 0.34 indicates that nearly 34.0% of current Agnico Eagle price fluctuation can be explain by its past prices.
Correlation Coefficient0.34
Spearman Rank Test0.39
Residual Average0.0
Price Variance0.64

Agnico Eagle Mines lagged returns against current returns

Autocorrelation, which is Agnico Eagle 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 Agnico Eagle's stock expected returns. We can calculate the autocorrelation of Agnico Eagle returns to help us make a trade decision. For example, suppose you find that Agnico Eagle 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  

Agnico Eagle 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 Agnico Eagle stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Agnico Eagle stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Agnico Eagle stock over time.
   Current vs Lagged Prices   
       Timeline  

Agnico Eagle Lagged Returns

When evaluating Agnico Eagle's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Agnico Eagle stock have on its future price. Agnico Eagle 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, Agnico Eagle autocorrelation shows the relationship between Agnico Eagle stock current value and its past values and can show if there is a momentum factor associated with investing in Agnico Eagle Mines.
   Regressed Prices   
       Timeline  

Agnico Eagle Investors Sentiment

The influence of Agnico Eagle's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Agnico. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Agnico Eagle's public news can be used to forecast risks associated with an investment in Agnico. The trend in average sentiment can be used to explain how an investor holding Agnico can time the market purely based on public headlines and social activities around Agnico Eagle Mines. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Agnico Eagle's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Agnico Eagle's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Agnico Eagle's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Agnico Eagle.

Agnico Eagle Implied Volatility

    
  29.18  
Agnico Eagle's implied volatility exposes the market's sentiment of Agnico Eagle Mines stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Agnico Eagle's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Agnico Eagle stock will not fluctuate a lot when Agnico Eagle's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Agnico Eagle in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Agnico Eagle's short interest history, or implied volatility extrapolated from Agnico Eagle options trading.

Pair Trading with Agnico Eagle

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Agnico Eagle position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Agnico Eagle will appreciate offsetting losses from the drop in the long position's value.

Moving together with Agnico Stock

  0.76AA Alcoa Corp Fiscal Quarter End 31st of March 2024 PairCorr

Moving against Agnico Stock

  0.56NC NACCO IndustriesPairCorr
  0.51EU EnCore Energy Corp Report 26th of April 2024 PairCorr
  0.43X United States Steel Financial Report 25th of April 2024 PairCorr
The ability to find closely correlated positions to Agnico Eagle could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Agnico Eagle when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Agnico Eagle - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Agnico Eagle Mines to buy it.
The correlation of Agnico Eagle is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Agnico Eagle moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Agnico Eagle Mines moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Agnico Eagle can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Agnico Eagle Mines is a strong investment it is important to analyze Agnico Eagle'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 Agnico Eagle's future performance. For an informed investment choice regarding Agnico Stock, refer to the following important reports:
Check out Agnico Eagle Correlation, Agnico Eagle Volatility and Agnico Eagle Alpha and Beta module to complement your research on Agnico Eagle.
Note that the Agnico Eagle Mines information on this page should be used as a complementary analysis to other Agnico Eagle's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.

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Agnico Eagle 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.
A focus of Agnico Eagle technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Agnico Eagle trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...