Mcewen Mining Stock Market Value
| MUX Stock | USD 11.33 0.73 6.89% |
| Symbol | McEwen |
McEwen Mining Price To Book Ratio
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 1.66 | Revenue Per Share 3.595 | Quarterly Revenue Growth 0.186 | Return On Assets (0.07) | Return On Equity 0.0996 |
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.
McEwen 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 McEwen 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 McEwen Mining.
| 02/20/2024 |
| 05/20/2024 |
If you would invest 0.00 in McEwen Mining on February 20, 2024 and sell it all today you would earn a total of 0.00 from holding McEwen Mining or generate 0.0% return on investment in McEwen Mining over 90 days. McEwen Mining is related to or competes with Metalla Royalty. McEwen Mining Inc. engages in the exploration, development, production, and sale of gold and silver deposits in the Unit... More
McEwen 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 McEwen 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 McEwen Mining upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.82 | |||
| Information Ratio | 0.2213 | |||
| Maximum Drawdown | 29.29 | |||
| Value At Risk | (4.19) | |||
| Potential Upside | 7.51 |
McEwen Mining Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for McEwen Mining's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as McEwen Mining's standard deviation. In reality, there are many statistical measures that can use McEwen Mining historical prices to predict the future McEwen Mining's volatility.| Risk Adjusted Performance | 0.1524 | |||
| Jensen Alpha | 0.895 | |||
| Total Risk Alpha | 0.3722 | |||
| Sortino Ratio | 0.2384 | |||
| Treynor Ratio | 0.8451 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of McEwen 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.
McEwen Mining Backtested Returns
McEwen Mining is somewhat reliable given 3 months investment horizon. McEwen Mining has Sharpe Ratio of 0.25, which conveys that the firm had a 0.25% return per unit of risk over the last 3 months. We are able to break down and analyze data for twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.04% are justified by taking the suggested risk. Use McEwen Mining mean deviation of 2.77, and Risk Adjusted Performance of 0.1524 to evaluate company specific risk that cannot be diversified away. McEwen Mining holds a performance score of 19 on a scale of zero to a hundred. The company secures a Beta (Market Risk) of 1.18, 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, McEwen Mining will likely underperform. Use McEwen Mining sortino ratio, as well as the relationship between the semi variance and rate of daily change , to analyze future returns on McEwen Mining.
Auto-correlation | -0.19 |
Insignificant reverse predictability
McEwen Mining has insignificant reverse predictability. Overlapping area represents the amount of predictability between McEwen Mining time series from 20th of February 2024 to 5th of April 2024 and 5th of April 2024 to 20th of May 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 McEwen Mining price movement. The serial correlation of -0.19 indicates that over 19.0% of current McEwen Mining price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.19 | |
| Spearman Rank Test | -0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.33 |
McEwen Mining lagged returns against current returns
Autocorrelation, which is McEwen 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 McEwen Mining's stock expected returns. We can calculate the autocorrelation of McEwen Mining returns to help us make a trade decision. For example, suppose you find that McEwen 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 |
McEwen 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 McEwen Mining stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if McEwen Mining stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in McEwen Mining stock over time.
Current vs Lagged Prices |
| Timeline |
McEwen Mining Lagged Returns
When evaluating McEwen Mining's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of McEwen Mining stock have on its future price. McEwen 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, McEwen Mining autocorrelation shows the relationship between McEwen Mining stock current value and its past values and can show if there is a momentum factor associated with investing in McEwen Mining.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether McEwen Mining offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of McEwen Mining's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Mcewen Mining Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Mcewen Mining Stock:Check out McEwen Mining Correlation, McEwen Mining Volatility and McEwen Mining Alpha and Beta module to complement your research on McEwen Mining. For more information on how to buy McEwen Stock please use our How to Invest in McEwen Mining guide.You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
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.
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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.