Magna Mining Stock Performance

NICU Stock   0.41  0.01  2.38%   
The company secures a Beta (Market Risk) of 0.0735, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Magna Mining returns are expected to increase less than the market. However, during the bear market, the loss on holding Magna Mining will be expected to be smaller as well. Magna Mining exposes twenty-two different technical indicators, which can help you to evaluate its performance. Magna Mining has an expected return of -0.0351%. Please make sure to verify Magna Mining 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

0 of 100

 
Low
 
High
Very Weak
Over the last 90 days Magna Mining has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of fairly stable fundamental indicators, Magna Mining is not utilizing all of its potentials. The current stock price fuss, may contribute to near-short-term losses for the sophisticated investors. ...more
1
Better Buy in February 2024 Amazon Stock vs. Magna Stock - The Motley Fool Canada
02/13/2024
2
Closing Bell Magna Mining Inc down on Wednesday - The Globe and Mail
02/21/2024
Begin Period Cash Flow2.3 M
  

Magna Mining Relative Risk vs. Return Landscape

If you would invest  44.00  in Magna Mining on December 2, 2023 and sell it today you would lose (3.00) from holding Magna Mining or give up 6.82% of portfolio value over 90 days. Magna Mining is producing return of less than zero assuming 4.1381% volatility of returns over the 90 days investment horizon. Simply put, 36% 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  
Assuming the 90 days trading horizon Magna Mining is expected to under-perform the market. In addition to that, the company is 6.45 times more volatile than its market benchmark. It trades about -0.01 of its total potential returns per unit of risk. The NYSE Composite is currently generating roughly 0.21 per unit of volatility.

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 = -0.0085

Best PortfolioBest Equity
Good Returns
Average Returns
Small Returns
CashSmall RiskAverage RiskHigh RiskHuge Risk
Negative ReturnsNICU

Estimated Market Risk

 4.14
  actual daily
36
64% of assets are more volatile

Expected Return

 -0.04
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.01
  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.

About Magna Mining Performance

To evaluate Magna Mining Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Magna Mining generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Magna Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Magna Mining market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Magna's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.
Magna Mining is entity of Canada. It is traded as Stock on V exchange.

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
Magna Mining has high likelihood to experience some financial distress in the next 2 years
Net Loss for the year was (25.64 M) with loss before overhead, payroll, taxes, and interest of (199.72 K).
Magna Mining generates negative cash flow from operations
About 33.0% of the company outstanding shares are owned by corporate insiders
Latest headline from news.google.com: Closing Bell Magna Mining Inc down on Wednesday - The Globe and Mail
Evaluating Magna Mining's performance can involve analyzing a variety of financial metrics and factors. Some of the key considerations to evaluate Magna Mining's stock performance include:
  • 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.
It's essential to remember that evaluating Magna Mining's stock performance is not an exact science, and many factors can impact Magna Mining's stock market price. Therefore, it's also important to diversify your portfolio and not rely solely on one company or stock for your investments.
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Magna Mining. Also, note that the market value of any Company could be tightly coupled with the direction of predictive economic indicators such as signals in real.
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 Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.

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.
Performance Analysis
Check effects of mean-variance optimization against your current asset allocation
Premium Stories
Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope
Crypto Correlations
Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins
Idea Breakdown
Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes
Idea Analyzer
Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas
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.