Magnum Stock Today

Equity ratings for Magnum Goldcorp are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 8th of January 2023 and ending today, the 7th of February 2023. Click here to learn more.
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Magnum Goldcorp Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Magnum Goldcorp's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Magnum Goldcorp or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Chairman of the Board, CEODouglas Mason
Macroaxis Advice
The buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of Magnum Goldcorp's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Not RatedUndervalued
Magnum Goldcorp (MGI) is traded on TSX Venture Exchange in Canada and employs 8 people. The company currently falls under 'Nano-Cap' category with a current market capitalization of 915.49 K. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Magnum Goldcorp's market, we take the total number of its shares issued and multiply it by Magnum Goldcorp's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Magnum Goldcorp classifies itself under Basic Materials sector and is part of Gold industry. The entity has 36.62 M outstanding shares of which 1.34 K shares are now shorted by private and institutional investors with about 0.19 days to cover all short positions. Magnum Goldcorp has accumulated about 333 in cash with (411.07 K) of positive cash flow from operations.
Check Magnum Goldcorp Probability Of Bankruptcy

Magnum Stock Against Markets

Picking the right benchmark for Magnum Goldcorp stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Magnum Goldcorp stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Magnum Goldcorp is critical whether you are bullish or bearish towards Magnum Goldcorp at a given time.

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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.
Imperial MetalsQC Copper AndMillennial PreciousArizona Metals CorpHighgold MiningTitan Mining CorpArbor Metals CorpGalway MetalsAmerican AirlinesAlcoa CorpApple IncBest BuyCitigroupSentinelOneCVS Health Corp
 Risk & Return  Correlation

Magnum Goldcorp Corporate Directors

Magnum Goldcorp corporate directors refer to members of a Magnum Goldcorp board of directors. The board of directors generally takes responsibility for the Magnum Goldcorp's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Magnum Goldcorp's board members must vote for the resolution. The Magnum Goldcorp board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.

Invested in Magnum Goldcorp?

The danger of trading Magnum Goldcorp is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Magnum Goldcorp is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Magnum Goldcorp. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Magnum Goldcorp is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Additionally, see Correlation Analysis. You can also try Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.

Other Tools for Magnum Stock

When running Magnum Goldcorp 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 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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