Magna Mining Stock Market Value
| NICU Stock | 0.46 0.01 2.22% |
| Symbol | Magna |
Magna 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 Magna 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 Magna Mining.
| 10/30/2023 |
| 11/29/2023 |
If you would invest 0.00 in Magna Mining on October 30, 2023 and sell it all today you would earn a total of 0.00 from holding Magna Mining or generate 0.0% return on investment in Magna Mining over 30 days. Magna Mining is related to or competes with VM Hotel, Stampede Drilling, Toronto Cleantech, CLEANTEK Industries, Canlan Ice, Pembina Pipeline, and AKITA Drilling. Magna Mining is entity of Canada. It is traded as Stock on V exchange. More
Magna 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 Magna 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 Magna Mining upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 15.34 | |||
| Value At Risk | (6.25) | |||
| Potential Upside | 4.76 |
Magna Mining Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Magna Mining's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Magna Mining's standard deviation. In reality, there are many statistical measures that can use Magna Mining historical prices to predict the future Magna Mining's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.41) | |||
| Total Risk Alpha | (0.43) | |||
| Treynor Ratio | (0.22) |
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.
Magna Mining Backtested Returns
Magna Mining has Sharpe Ratio of -0.11, which conveys that the firm had -0.11% of return per unit of risk over the last 3 months. Our standpoint towards estimating the risk of any stock is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. Magna Mining exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its stock price that cannot be diversified away. Please verify Magna Mining Mean Deviation of 2.35, risk adjusted performance of (0.08), and Standard Deviation of 3.23 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 1.7741, 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, Magna Mining will likely underperform. Magna Mining exposes twenty-one different technical indicators, which can help you to evaluate its performance. Magna Mining has an expected return of -0.37%. Please make sure to verify Magna Mining standard deviation, information ratio, total risk alpha, as well as the relationship between the variance and jensen alpha to decide if Magna Mining performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.77 |
Almost perfect reverse predictability
Magna Mining has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Magna Mining time series from 30th of October 2023 to 14th of November 2023 and 14th of November 2023 to 29th of November 2023. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Magna Mining price movement. The serial correlation of -0.77 indicates that around 77.0% of current Magna Mining price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.77 | |
| Spearman Rank Test | -0.64 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Magna Mining lagged returns against current returns
Autocorrelation, which is Magna 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 Magna Mining's stock expected returns. We can calculate the autocorrelation of Magna Mining returns to help us make a trade decision. For example, suppose you find that Magna Mining stock 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 stock movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Magna 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 Magna Mining stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Magna Mining stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Magna Mining stock over time.
Current vs Lagged Prices |
| Timeline |
Magna Mining Lagged Returns
When evaluating Magna Mining's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Magna Mining stock have on its future price. Magna 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, Magna Mining autocorrelation shows the relationship between Magna Mining stock current value and its past values and can show if there is a momentum factor associated with investing in Magna Mining.
Regressed Prices |
| Timeline |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Magna Mining without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Risk-Return AnalysisView associations between returns expected from investment and the risk you assume |
| All Next | Launch Module |
Becoming a Better Investor with Macroaxis
Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as Magna Mining using complex mathematical models and algorithms, but make them easy to understand. There is no real person involved in your portfolio analysis. We perform a number of calculations to compute absolute and relative portfolio volatility, correlation between your assets, value at risk, expected return as well as over 100 different fundamental and technical indicators.Build Optimal Portfolios
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Check out Magna Mining Correlation, Magna Mining Volatility and Magna Mining Alpha and Beta module to complement your research on Magna Mining. 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 Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
Complementary Tools for Magna Stock analysis
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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Magna 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.