Magna Mining Correlation, Magna Mining Volatility and Magna Mining Alpha and Beta module to complement your research on Magna Mining.Magna Mining's market value is the price at which a share of Magna Mining stock trades on a public exchange. It measures the collective expectations of Magna Mining investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Magna Mining and determine expected loss or profit from investing in Magna Mining over a given investment horizon. Check out
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.
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.
Magna Mining Market Risk IndicatorsToday, 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.
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 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.
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.
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.
Be your own money managerOur 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.
View associations between returns expected from investment and the risk you assume
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Becoming a Better Investor with MacroaxisMacroaxis 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.
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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.
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.