Mcewen Mining Stock Technical Analysis
MUX Stock | USD 11.11 0.24 2.21% |
As of the 23rd of April, McEwen Mining secures the risk adjusted performance of 0.1482, and Mean Deviation of 2.64. Concerning fundamental indicators, the technical analysis model lets you check available technical drivers of McEwen Mining, as well as the relationship between them. Strictly speaking, you can use this information to find out if the firm will indeed mirror its model of past prices, or the prices will eventually revert. We are able to break down and analyze data for nineteen technical drivers for McEwen Mining, which can be compared to its peers in the industry. Please verify McEwen Mining semi deviation, jensen alpha, as well as the relationship between the Jensen Alpha and semi variance to decide if McEwen Mining is priced favorably, providing market reflects its recent price of 11.11 per share. Given that McEwen Mining has jensen alpha of 0.6991, we recommend you to check McEwen Mining's last-minute market performance to make sure the company can sustain itself next year.
McEwen Mining Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as McEwen, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to McEwenMcEwen |
McEwen Mining Analyst Consensus
Target Price | Advice | # of Analysts | |
14.02 | Strong Buy | 5 | Odds |
Most McEwen analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand McEwen stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of McEwen Mining, talking to its executives and customers, or listening to McEwen conference calls.
McEwen Mining 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.
McEwen Mining Technical Analysis
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of McEwen Mining volatility. High ATR values indicate high volatility, and low values indicate low volatility.
McEwen Mining Trend Analysis
Use this graph to draw trend lines for McEwen Mining. You can use it to identify possible trend reversals for McEwen Mining as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual McEwen Mining price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.McEwen Mining Best Fit Change Line
The following chart estimates an ordinary least squares regression model for McEwen Mining applied against its price change over selected period. The best fit line has a slop of 0.1 , which may imply that McEwen Mining will maintain its good market sentiment and make money for investors. It has 122 observation points and a regression sum of squares at 375.29, which is the sum of squared deviations for the predicted McEwen Mining price change compared to its average price change.About McEwen Mining Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of McEwen Mining on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of McEwen Mining based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on McEwen Mining price pattern first instead of the macroeconomic environment surrounding McEwen Mining. By analyzing McEwen Mining's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of McEwen Mining's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to McEwen Mining specific price patterns or momentum indicators. Please read more on our technical analysis page.
2022 | 2023 | 2024 (projected) | Dividend Yield | 0.001029 | 8.61E-4 | 8.18E-4 | Price To Sales Ratio | 2.52 | 2.06 | 1.96 |
McEwen Mining April 23, 2024 Technical Indicators
Most technical analysis of McEwen help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for McEwen from various momentum indicators to cycle indicators. When you analyze McEwen charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
Cycle Indicators | ||
Math Operators | ||
Math Transform | ||
Momentum Indicators | ||
Overlap Studies | ||
Pattern Recognition | ||
Price Transform | ||
Statistic Functions | ||
Volatility Indicators | ||
Volume Indicators |
Risk Adjusted Performance | 0.1482 | |||
Market Risk Adjusted Performance | 0.5207 | |||
Mean Deviation | 2.64 | |||
Semi Deviation | 2.04 | |||
Downside Deviation | 2.65 | |||
Coefficient Of Variation | 440.27 | |||
Standard Deviation | 3.69 | |||
Variance | 13.6 | |||
Information Ratio | 0.2029 | |||
Jensen Alpha | 0.6991 | |||
Total Risk Alpha | 0.353 | |||
Sortino Ratio | 0.2827 | |||
Treynor Ratio | 0.5107 | |||
Maximum Drawdown | 18.33 | |||
Value At Risk | (3.90) | |||
Potential Upside | 7.51 | |||
Downside Variance | 7.01 | |||
Semi Variance | 4.17 | |||
Expected Short fall | (3.23) | |||
Skewness | 1.18 | |||
Kurtosis | 2.58 |
McEwen Mining April 23, 2024 Daily Trend Indicators
Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as McEwen stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
Accumulation Distribution | 37,964 | ||
Daily Balance Of Power | 0.41 | ||
Rate Of Daily Change | 1.02 | ||
Day Median Price | 10.86 | ||
Day Typical Price | 10.94 | ||
Price Action Indicator | 0.37 |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in McEwen Mining. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in employment. For more information on how to buy McEwen Stock please use our How to Invest in McEwen Mining guide.You can also try the Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.
Complementary Tools for McEwen Stock analysis
When running McEwen Mining's price analysis, check to measure McEwen 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 McEwen Mining is operating at the current time. Most of McEwen Mining's value examination focuses on studying past and present price action to predict the probability of McEwen 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 McEwen Mining's price. Additionally, you may evaluate how the addition of McEwen Mining to your portfolios can decrease your overall portfolio volatility.
Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk | |
Share Portfolio Track or share privately all of your investments from the convenience of any device | |
Transaction History View history of all your transactions and understand their impact on performance | |
Performance Analysis Check effects of mean-variance optimization against your current asset allocation | |
Theme Ratings Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
Aroon Oscillator Analyze current equity momentum using Aroon Oscillator and other momentum ratios | |
Global Correlations Find global opportunities by holding instruments from different markets | |
Headlines Timeline Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity | |
Idea Breakdown Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes | |
Stocks Directory Find actively traded stocks across global markets | |
Idea Analyzer Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas | |
Price Ceiling Movement Calculate and plot Price Ceiling Movement for different equity instruments |
Is McEwen Mining'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 McEwen Mining. If investors know McEwen 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 McEwen Mining listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share 1.16 | Revenue Per Share 3.496 | Quarterly Revenue Growth 1.078 | Return On Assets (0.11) | Return On Equity 0.0773 |
The market value of McEwen Mining is measured differently than its book value, which is the value of McEwen that is recorded on the company's balance sheet. Investors also form their own opinion of McEwen Mining's value that differs from its market value or its book value, called intrinsic value, which is McEwen Mining'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 McEwen Mining's market value can be influenced by many factors that don't directly affect McEwen Mining'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 McEwen Mining's value and its price as these two are different measures arrived at by different means. Investors typically determine if McEwen Mining is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, McEwen Mining'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.