Magna Mining Stock Performance
| NICU Stock | 0.71 0.02 2.90% |
The company secures a Beta (Market Risk) of 0.47, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Magna Mining's returns are expected to increase less than the market. However, during the bear market, the loss of holding Magna Mining is expected to be smaller as well. At this point, Magna Mining has a negative expected return of -0.18%. Please make sure to verify Magna Mining's jensen alpha, treynor ratio, and the relationship between the information ratio and total risk alpha , to decide if Magna Mining performance from the past will be repeated at some point in the near future.
Risk-Adjusted Performance
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Over the last 90 days Magna Mining has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of latest abnormal performance, the Stock's fundamental indicators remain stable and the latest fuss on Wall Street may also be a sign of long-term gains for the venture sophisticated investors. ...more
1 | 3 Dividend Stocks That Are Coiled Springs for a Lifetime of Passive Income - The Globe and Mail | 05/08/2024 |
2 | Magna Mining Solidifies Glencore Milling Deal - TipRanks | 06/04/2024 |
3 | Closing Bell Magna Mining Inc up on Thursday - Barchart | 06/26/2024 |
4 | TSX Growth Companies With High Insider Ownership Highlighting Three Key Stocks - Simply Wall St | 07/18/2024 |
| Begin Period Cash Flow | 6.2 M | |
| Free Cash Flow | -10.6 M |
Magna |
Magna Mining Relative Risk vs. Return Landscape
If you would invest 82.00 in Magna Mining on April 28, 2024 and sell it today you would lose (11.00) from holding Magna Mining or give up 13.41% of portfolio value over 90 days. Magna Mining is producing return of less than zero assuming 3.0805% volatility of returns over the 90 days investment horizon. Simply put, 27% of all stocks have less volatile historical return distribution than Magna Mining, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Magna Mining Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Magna Mining's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Magna Mining, and traders can use it to determine the average amount a Magna Mining's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = -0.059
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | NICU |
Estimated Market Risk
| 3.08 actual daily | 27 73% of assets are more volatile |
Expected Return
| -0.18 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.06 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Magna Mining is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Magna Mining by adding Magna Mining to a well-diversified portfolio.
Magna Mining Fundamentals Growth
Magna Stock prices reflect investors' perceptions of the future prospects and financial health of Magna Mining, and Magna Mining fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Magna Stock performance.
| Return On Equity | -1.25 | ||||
| Return On Asset | -0.53 | ||||
| Current Valuation | 105.31 M | ||||
| Shares Outstanding | 163.51 M | ||||
| Price To Book | 24.95 X | ||||
| Gross Profit | (199.72 K) | ||||
| EBITDA | (14.03 M) | ||||
| Net Income | (9.86 M) | ||||
| Total Debt | 5.43 M | ||||
| Book Value Per Share | 0.03 X | ||||
| Cash Flow From Operations | (10.58 M) | ||||
| Earnings Per Share | (0.07) X | ||||
| Market Capitalization | 112.82 M | ||||
| Total Asset | 12.77 M | ||||
| Retained Earnings | (42.86 M) | ||||
| Working Capital | 7.35 M | ||||
About Magna Mining Performance
Evaluating Magna Mining's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Magna Mining has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Magna Mining has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Days Of Inventory On Hand | 8.6 K | 7.7 K | |
| Return On Tangible Assets | (0.77) | (0.81) | |
| Return On Capital Employed | (1.57) | (1.65) | |
| Return On Assets | (0.77) | (0.81) | |
| Return On Equity | (1.34) | (1.41) |
Things to note about Magna Mining performance evaluation
Checking the ongoing alerts about Magna Mining for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Magna Mining help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Magna Mining generated a negative expected return over the last 90 days | |
| Magna Mining has some characteristics of a very speculative penny stock | |
| Magna Mining has high historical volatility and very poor performance | |
| Net Loss for the year was (9.86 M) with loss before overhead, payroll, taxes, and interest of (199.72 K). | |
| Magna Mining generates negative cash flow from operations | |
| About 30.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: TSX Growth Companies With High Insider Ownership Highlighting Three Key Stocks - Simply Wall St |
- Analyzing Magna Mining's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Magna Mining's stock is overvalued or undervalued compared to its peers.
- Examining Magna Mining's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Magna Mining's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Magna Mining's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Magna Mining's stock. These opinions can provide insight into Magna Mining's potential for growth and whether the stock is currently undervalued or overvalued.
Additional 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.