Magnum Goldcorp Stock Forecast - Day Typical Price
| MGI Stock | CAD 0.02 0.00 0.00% |
Magnum Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Magnum Goldcorp stock prices and determine the direction of Magnum Goldcorp's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Magnum Goldcorp's historical fundamentals, such as revenue growth or operating cash flow patterns. Although Magnum Goldcorp's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Magnum Goldcorp's systematic risk associated with finding meaningful patterns of Magnum Goldcorp fundamentals over time.
Check out Historical Fundamental Analysis of Magnum Goldcorp to cross-verify your projections. Magnum |
Most investors in Magnum Goldcorp cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the Magnum Goldcorp's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Magnum Goldcorp's price structures and extracts relationships that further increase the generated results' accuracy.
Typical Price is calculated as arithmetic average of the high, low and closing price for a given trading period.| Previous Day Typical Price | Day Typical Price | Trend |
| 0.02 | 0.02 |
| Check Magnum Goldcorp Volatility | Backtest Magnum Goldcorp | Information Ratio |
Magnum Goldcorp Trading Date Momentum
| On May 05 2024 Magnum Goldcorp was traded for 0.02 at the closing time. The highest daily price throughout the period was 0.02 and the lowest price was 0.02 . There was no trading activity during the period 0.0. Lack of trading volume on 05/05/2024 did not cause price change. The trading delta at closing time to current closing price is 0.00% . |
The period considered in calculating typical price is a single trading day, however the typical price can also be applied to other time spans such as a week, month or year.
| Compare Magnum Goldcorp to competition |
Other Forecasting Options for Magnum Goldcorp
For every potential investor in Magnum, whether a beginner or expert, Magnum Goldcorp's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Magnum Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Magnum. Basic forecasting techniques help filter out the noise by identifying Magnum Goldcorp's price trends.Magnum Goldcorp Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Magnum Goldcorp stock to make a market-neutral strategy. Peer analysis of Magnum Goldcorp could also be used in its relative valuation, which is a method of valuing Magnum Goldcorp by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Magnum Goldcorp Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Magnum Goldcorp's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Magnum Goldcorp's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Magnum Goldcorp Market Strength Events
Market strength indicators help investors to evaluate how Magnum Goldcorp stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Magnum Goldcorp shares will generate the highest return on investment. By undertsting and applying Magnum Goldcorp stock market strength indicators, traders can identify Magnum Goldcorp entry and exit signals to maximize returns.
Magnum Goldcorp Risk Indicators
The analysis of Magnum Goldcorp's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Magnum Goldcorp's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting magnum stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 8.25 | |||
| Standard Deviation | 20.79 | |||
| Variance | 432.34 |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
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Try AI Portfolio ArchitectCheck out Historical Fundamental Analysis of Magnum Goldcorp to cross-verify your projections. You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
Complementary Tools for Magnum Stock analysis
When running Magnum Goldcorp's price analysis, check to measure Magnum Goldcorp'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 Magnum Goldcorp is operating at the current time. Most of Magnum Goldcorp's value examination focuses on studying past and present price action to predict the probability of Magnum Goldcorp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Magnum Goldcorp's price. Additionally, you may evaluate how the addition of Magnum Goldcorp to your portfolios can decrease your overall portfolio volatility.
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