Magna Mining Stock Volatility

NICU Stock   0.43  0.01  2.38%   
Magna Mining has Sharpe Ratio of -0.0325, which conveys that the firm had -0.0325% return per unit of risk over the last 3 months. Our standpoint towards estimating the risk of any stock is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. Magna Mining exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its stock price that cannot be diversified away. Please verify Magna Mining's Standard Deviation of 4.13, mean deviation of 2.98, and Risk Adjusted Performance of (0.01) to check out the risk estimate we provide. Key indicators related to Magna Mining's volatility include:
720 Days Market Risk
Chance Of Distress
720 Days Economic Sensitivity
Magna Mining Stock volatility depicts how high the prices fluctuate around the mean (or its average) price. In other words, it is a statistical measure of the distribution of Magna daily returns, and it is calculated using variance and standard deviation. We also use Magna's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of Magna Mining volatility.
  
Since volatility provides investors with entry points to take advantage of stock prices, companies, such as Magna Mining can benefit from it. Downward market volatility can be a perfect environment for investors who play the long game. Here, they may decide to buy additional stocks of Magna Mining at lower prices. For example, an investor can purchase Magna stock that has halved in price over a short period. This will lower your average cost per share, thereby improving your portfolio's performance when the markets normalize. Similarly, when the prices of Magna Mining's stock rises, investors can sell out and invest the proceeds in other equities with better opportunities. Investing when markets are volatile with better valuations will accord both investors and companies the opportunity to generate better long-term returns.

Magna Mining Market Sensitivity And Downside Risk

Magna Mining's beta coefficient measures the volatility of Magna stock compared to the systematic risk of the entire stock market represented by your selected benchmark. In mathematical terms, beta represents the slope of the line through a regression of data points where each of these points represents Magna stock's returns against your selected market. In other words, Magna Mining's beta of -0.0331 provides an investor with an approximation of how much risk Magna Mining stock can potentially add to one of your existing portfolios.
Magna Mining exhibits very low volatility with skewness of 0.77 and kurtosis of 1.75. However, we advise investors to further study Magna Mining technical indicators to ensure that all market info is available and is reliable. Magna Mining is a potential penny stock. Although Magna Mining may be in fact a good instrument to invest, many penny stocks are speculative in nature and are subject to artificial price hype. Please make sure you totally understand the upside potential and downside risk of investing in Magna Mining. We encourage investors to look for signals such as email spams, message board hypes, claims of breakthroughs, volume upswings, sudden news releases, promotions that are not reported, or demotions released before SEC filings. Please also check biographies and work history of current and past company officers before investing in high volatility instruments, penny stocks, or equities with microcap classification. You can indeed make money on Magna instrument if you perfectly time your entry and exit. However, remember that penny stocks that have been the subject of artificial hype usually unable to maintain their increased share price for more than just a few days. The price of a promoted high volatility instrument will almost always revert back. The only way to increase shareholder value is through legitimate performance backed up by solid fundamentals.
3 Months Beta |Analyze Magna Mining Demand Trend
Check current 90 days Magna Mining correlation with market (NYSE Composite)

Magna Beta

    
  -0.0331  
Magna standard deviation measures the daily dispersion of prices over your selected time horizon relative to its mean. Typical volatile equity has a high standard deviation, while the deviation of a stable instrument is usually low. As a downside, the standard deviation calculates all uncertainty as risk, even when it is in your favor, such as above-average returns.

Standard Deviation

    
  4.21  
It is essential to understand the difference between upside risk (as represented by Magna Mining's standard deviation) and the downside risk, which can be measured by semi-deviation or downside deviation of Magna Mining's daily returns or price. Since the actual investment returns on holding a position in magna stock tend to have a non-normal distribution, there will be different probabilities for losses than for gains. The likelihood of losses is reflected in the downside risk of an investment in Magna Mining.

Magna Mining Stock Volatility Analysis

Volatility refers to the frequency at which Magna Mining stock price increases or decreases within a specified period. These fluctuations usually indicate the level of risk that's associated with Magna Mining's price changes. Investors will then calculate the volatility of Magna Mining's stock to predict their future moves. A stock that has erratic price changes quickly hits new highs, and lows are considered highly volatile. A stock with relatively stable price changes has low volatility. A highly volatile stock is riskier, but the risk cuts both ways. Investing in highly volatile security can either be highly successful, or you may experience significant failure. There are two main types of Magna Mining's volatility:

Historical Volatility

This type of stock volatility measures Magna Mining's fluctuations based on previous trends. It's commonly used to predict Magna Mining's future behavior based on its past. However, it cannot conclusively determine the future direction of the stock.

Implied Volatility

This type of volatility provides a positive outlook on future price fluctuations for Magna Mining's current market price. This means that the stock will return to its initially predicted market price. This type of volatility can be derived from derivative instruments written on Magna Mining's to be redeemed at a future date.
Transformation
The output start index for this execution was zero with a total number of output elements of sixty-one. Magna Mining Average Price is the average of the sum of open, high, low and close daily prices of a bar. It can be used to smooth an indicator that normally takes just the closing price as input.
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Magna Mining Projected Return Density Against Market

Assuming the 90 days trading horizon Magna Mining has a beta of -0.0331 . This indicates as returns on benchmark increase, returns on holding Magna Mining are expected to decrease at a much lower rate. During the bear market, however, Magna Mining is likely to outperform the market.
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Magna Mining or Metals & Mining sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Magna Mining's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Magna stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
The company has a negative alpha, implying that the risk taken by holding this instrument is not justified. Magna Mining is significantly underperforming NYSE Composite.
   Predicted Return Density   
       Returns  
Magna Mining's volatility is measured either by using standard deviation or beta. Standard deviation will reflect the average amount of how magna stock's price will differ from the mean after some time.To get its calculation, you should first determine the mean price during the specified period then subtract that from each price point.

What Drives a Magna Mining Price Volatility?

Several factors can influence a stock's market volatility:

Industry

Specific events can influence volatility within a particular industry. For instance, a significant weather upheaval in a crucial oil-production site may cause oil prices to increase in the oil sector. The direct result will be the rise in the stock price of oil distribution companies. Similarly, any government regulation in a specific industry could negatively influence stock prices due to increased regulations on compliance that may impact the company's future earnings and growth.

Political and Economic environment

When governments make significant decisions regarding trade agreements, policies, and legislation regarding specific industries, they will influence stock prices. Everything from speeches to elections may influence investors, who can directly influence the stock prices in any particular industry. The prevailing economic situation also plays a significant role in stock prices. When the economy is doing well, investors will have a positive reaction and hence, better stock prices and vice versa.

The Company's Performance

Sometimes volatility will only affect an individual company. For example, a revolutionary product launch or strong earnings report may attract many investors to purchase the company. This positive attention will raise the company's stock price. In contrast, product recalls and data breaches may negatively influence a company's stock prices.

Magna Mining Stock Risk Measures

Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Magna Mining or Metals & Mining sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Magna Mining's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Magna stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision. Assuming the 90 days trading horizon the coefficient of variation of Magna Mining is -3076.63. The daily returns are distributed with a variance of 17.71 and standard deviation of 4.21. The mean deviation of Magna Mining is currently at 3.02. For similar time horizon, the selected benchmark (NYSE Composite) has volatility of 0.63
α
Alpha over NYSE Composite
-0.16
β
Beta against NYSE Composite-0.03
σ
Overall volatility
4.21
Ir
Information ratio -0.07

Magna Mining Stock Return Volatility

Magna Mining historical daily return volatility represents how much of Magna Mining stock's daily returns swing around its mean - it is a statistical measure of its dispersion of returns. The venture assumes 4.2082% volatility of returns over the 90 days investment horizon. By contrast, NYSE Composite accepts 0.6539% volatility on return distribution over the 90 days horizon.
 Performance 
       Timeline  

About Magna Mining Volatility

Volatility is a rate at which the price of Magna Mining or any other equity instrument increases or decreases for a given set of returns. It is measured by calculating the standard deviation of the annualized returns over a given period of time and shows the range to which the price of Magna Mining may increase or decrease. In other words, similar to Magna's beta indicator, it measures the risk of Magna Mining and helps estimate the fluctuations that may happen in a short period of time. So if prices of Magna Mining fluctuate rapidly in a short time span, it is termed to have high volatility, and if it swings slowly in a more extended period, it is understood to have low volatility.
Please read more on our technical analysis page.

3 ways to utilize Magna Mining's volatility to invest better

Higher Magna Mining's stock volatility means that the price of its stock is changing rapidly and unpredictably, while lower stock volatility indicates that the price of Magna Mining stock is relatively stable. Investors and traders use stock volatility as an indicator of risk and potential reward, as stocks with higher volatility can offer the potential for more significant returns but also come with a greater risk of losses. Magna Mining stock volatility can provide helpful information for making investment decisions in the following ways:
  • Measuring Risk: Volatility can be used as a measure of risk, which can help you determine the potential fluctuations in the value of Magna Mining investment. A higher volatility means higher risk and potentially larger changes in value.
  • Identifying Opportunities: High volatility in Magna Mining's stock can indicate that there is potential for significant price movements, either up or down, which could present investment opportunities.
  • Diversification: Understanding how the volatility of Magna Mining's stock relates to your other investments can help you create a well-diversified portfolio of assets with varying levels of risk.
Remember it's essential to remember that stock volatility is just one of many factors to consider when making investment decisions, and it should be used in conjunction with other fundamental and technical analysis tools.

Magna Mining Investment Opportunity

Magna Mining has a volatility of 4.21 and is 6.48 times more volatile than NYSE Composite. 37  of all equities and portfolios are less risky than Magna Mining. Compared to the overall equity markets, volatility of historical daily returns of Magna Mining is lower than 37 () of all global equities and portfolios over the last 90 days. Use Magna Mining to enhance the returns of your portfolios. Benchmarks are essential to demonstrate the utility of optimization algorithms. The stock experiences an unexpected upward trend. Watch out for market signals. Check odds of Magna Mining to be traded at 0.516 in 90 days.

Good diversification

The correlation between Magna Mining and NYA is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Magna Mining and NYA in the same portfolio, assuming nothing else is changed.

Magna Mining Additional Risk Indicators

The analysis of Magna Mining's secondary risk indicators is one of the essential steps in making a buy or sell decision. The process involves identifying the amount of risk involved in Magna Mining's investment and either accepting that risk or mitigating it. Along with some common measures of Magna Mining stock's risk such as standard deviation, beta, or value at risk, we also provide a set of secondary indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential stocks, we recommend comparing similar stocks with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.

Magna Mining Suggested Diversification Pairs

Pair trading is one of the very effective strategies used by professional day traders and hedge funds capitalizing on short-time and mid-term market inefficiencies. The approach is based on the fact that the ratio of prices of two correlating shares is long-term stable and oscillates around the average value. If the correlation ratio comes outside the common area, you can speculate with a high success rate that the ratio will return to the mean value and collect a profit.
The effect of pair diversification on risk is to reduce it, but we should note this doesn't apply to all risk types. When we trade pairs against Magna Mining as a counterpart, there is always some inherent risk that will never be diversified away no matter what. This volatility limits the effect of tactical diversification using pair trading. Magna Mining's systematic risk is the inherent uncertainty of the entire market, and therefore cannot be mitigated even by pair-trading it against the equity that is not highly correlated to it. On the other hand, Magna Mining's unsystematic risk describes the types of risk that we can protect against, at least to some degree, by selecting a matching pair that is not perfectly correlated to Magna Mining.
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 estimate.
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 Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.

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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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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.