Magna Competitors

NICU Stock   0.43  0.01  2.38%   
Magna Mining competes with NovaGold Resources, Eastwood Bio, and Osino Resources; as well as few others. The company operates under Metals & Mining sector and is part of Materials industry. Analyzing Magna Mining competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of Magna Mining to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Magna Mining Correlation with its peers.
You can use the Comparative Equity Analysis module to analyze the advantages of investing in your portfolio's related equities across multiple sectors and thematic ideas. Please use the input box below to enter symbols for particular investments you would like to analyze. With the equity comparison module, you can estimate the relative effect of Magna Mining competition on your existing holdings.
  
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Sophisticated investors, who have witnessed many market ups and downs, frequently view 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. Please use the tools below to analyze the current value of Magna Mining in the context of predictive analytics.
Hype
Prediction
LowEstimatedHigh
0.020.434.62
Details
Intrinsic
Valuation
LowRealHigh
0.020.384.57
Details
Naive
Forecast
LowNextHigh
0.010.394.58
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Bollinger
Band Projection (param)
LowerMiddle BandUpper
0.370.450.53
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Magna Mining. Your research has to be compared to or analyzed against Magna Mining's peers to derive any actionable benefits. When done correctly, Magna Mining'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 Magna Mining.

Magna Mining Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Magna Mining and its competitors represents the degree of relationship between the price movements of corresponding stocks. A correlation of about +1.0 implies that the price of Magna and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Magna Mining does not affect the price movement of the other competitor.
Click cells to compare fundamentals   Check Volatility   Backtest Portfolio
High positive correlations   
DFREBM
ENEVEBM
ENEVNG
NXONG
NXOENEV
OSIEBM
  
High negative correlations   
DFRNG
OSING
NXOOSI
ENEVOSI
NXODFR
EBMNG

Risk-Adjusted Indicators

There is a big difference between Magna Stock performing well and Magna Mining 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 Magna Mining'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.

Magna Mining Competitive Analysis

The better you understand Magna Mining competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Magna Mining's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Magna Mining's competition over several years is one of the best ways to analyze its investment potential.
    
 Better Than Average     
    
 Worse Than Peers    View Performance Chart
NICUNGEBMDFROSIENEVNXO
 2.38 
 0.43 
Magna
 0.93 
 3.21 
NovaGold
 22.89 
 0.64 
Eastwood
 25.00 
 0.03 
Diamond
 0.58 
 1.74 
Osino
 0.00 
 0.01 
Enerev5
 14.29 
 0.04 
Nexoptic
Market Volatility
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(Probability Of Bankruptcy)
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(Equity Enterprise Value)
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(90 Days Macroaxis Advice)
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Risk Adjusted Performance
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Value At Risk
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Semi Variance

Magna Mining Competition Performance Charts

Five steps to successful analysis of Magna Mining Competition

Magna Mining's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Magna Mining in relation to its competition. Magna Mining's competition analysis typically involves several steps, including:
  • Identifying the key players in the market: This involves identifying the major competitors of Magna Mining in the market, both direct and indirect, as well as new entrants and disruptive technologies.
  • Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
  • Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Magna Mining's competitive landscape.
  • Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Magna Mining, and developing a strategy to address them.
  • Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

Complement your Magna Mining position

In addition to having Magna Mining in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

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Health Management
Health Management Theme
Major hospitals and healthcare providers. The Health Management theme has 45 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Health Management Theme or any other thematic opportunities.
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Check out Magna Mining Correlation with its peers.
Note that the Magna Mining information on this page should be used as a complementary analysis to other Magna Mining'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 Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.

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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.
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Please note, there is a significant difference between Magna Mining's value and its price as these two are different measures arrived at by different means. Investors typically determine if Magna Mining is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Magna 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.