Magna Mining Stock Alpha and Beta Analysis

NICU Stock   0.69  0.01  1.47%   
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Magna Mining. It also helps investors analyze the systematic and unsystematic risks associated with investing in Magna Mining over a specified time horizon. Remember, high Magna Mining's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to Magna Mining's market risk premium analysis include:
Sharpe Ratio
Expected Return
Please note that although Magna Mining alpha is a measure of relative return and represented here as a single number, it indicates the percentage above or below your selected benchmark (i.e., NYSE Composite index.) So in this particular case, Magna Mining did 0.66  better than the index. Remember, a high alpha is always good. Beta, on the other hand, measures the volatility (or risk) of an investment. It is an indication of Magna Mining stock's relative risk over its benchmark. Magna Mining has a beta of 1.23  . As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Magna Mining will likely underperform. At this time, Magna Mining's Book Value Per Share is fairly stable compared to the past year. Tangible Book Value Per Share is likely to climb to 0.03 in 2024, whereas Enterprise Value Over EBITDA is likely to drop (2.96) in 2024.

Enterprise Value

64.59 Million

Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
Check out Magna Mining Backtesting, Magna Mining Valuation, Magna Mining Correlation, Magna Mining Hype Analysis, Magna Mining Volatility, Magna Mining History and analyze Magna Mining Performance.

Magna Mining Market Premiums

Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Magna Mining market risk premium is the additional return an investor will receive from holding Magna Mining long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Magna Mining. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Magna Mining's performance over market.
α0.66   β1.23

Magna Mining expected buy-and-hold returns

Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Magna Mining's Buy-and-hold return. Our buy-and-hold chart shows how Magna Mining performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.

Magna Mining Market Price Analysis

Market price analysis indicators help investors to evaluate how Magna Mining stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Magna Mining shares will generate the highest return on investment. By understating and applying Magna Mining stock market price indicators, traders can identify Magna Mining position entry and exit signals to maximize returns.

Magna Mining Return and Market Media

The median price of Magna Mining for the period between Fri, Jan 19, 2024 and Thu, Apr 18, 2024 is 0.44 with a coefficient of variation of 19.61. The daily time series for the period is distributed with a sample standard deviation of 0.1, arithmetic mean of 0.49, and mean deviation of 0.08. The Stock received substential amount of media coverage during this period.
 Price Growth (%)  
Better Buy in February 2024 Amazon Stock vs. Magna Stock - The Motley Fool Canada
Closing Bell Magna Mining Inc down on Wednesday - The Globe and Mail
Closing Bell Magna Mining Inc down on Tuesday - Barchart
Magna Mining Announces the Signing of a Definitive Off-Take Agreement for the Crean Hill Project - sharewise
Closing Bell Magna Mining Inc up on Tuesday - The Globe and Mail

About Magna Mining Beta and Alpha

For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Magna or other stocks. Alpha measures the amount that position in Magna Mining has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
 2023 2024 (projected)
Payables Turnover18.2519.16
Days Of Inventory On Hand8.6K7.7K
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Magna Mining in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Magna Mining's short interest history, or implied volatility extrapolated from Magna Mining options trading.

Build Portfolio with Magna Mining

Your optimized portfolios are the building block of your wealth. We provide an intuitive interface to determine which securities in a portfolio should be removed or rebalanced to achieve better diversification, find the right mix of securities that minimizes portfolio risk for a given return, or maximize portfolio expected return for a given risk level.

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By capturing your risk tolerance and investment horizon Macroaxis technology of instant portfolio optimization will compute exactly how much risk is acceptable for your desired return expectations
Check out Magna Mining Backtesting, Magna Mining Valuation, Magna Mining Correlation, Magna Mining Hype Analysis, Magna Mining Volatility, Magna Mining History and analyze Magna Mining Performance.
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 Share Portfolio module to track or share privately all of your investments from the convenience of any device.

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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.
A focus of Magna Mining technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Magna Mining trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...