Mag Silver Corp Stock Market Value
| MAG Stock | CAD 21.80 0.20 0.93% |
| Symbol | MAG |
MAG Silver Corp Price To Book Ratio
MAG Silver 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to MAG Silver's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of MAG Silver.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in MAG Silver on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding MAG Silver Corp or generate 0.0% return on investment in MAG Silver over 30 days. MAG Silver is related to or competes with First Majestic, Ivanhoe Energy, and Orezone Gold. MAG Silver Corp. focuses on the acquisition, exploration, and development of mineral properties primarily in the America... More
MAG Silver Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure MAG Silver's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess MAG Silver Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.57 | |||
| Information Ratio | 0.0788 | |||
| Maximum Drawdown | 13.78 | |||
| Value At Risk | (3.65) | |||
| Potential Upside | 5.3 |
MAG Silver Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MAG Silver's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MAG Silver's standard deviation. In reality, there are many statistical measures that can use MAG Silver historical prices to predict the future MAG Silver's volatility.| Risk Adjusted Performance | 0.1054 | |||
| Jensen Alpha | 0.241 | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | 0.0852 | |||
| Treynor Ratio | 0.4198 |
MAG Silver Corp Backtested Returns
MAG Silver appears to be not too volatile, given 3 months investment horizon. MAG Silver Corp has Sharpe Ratio of 0.17, which conveys that the company had a 0.17% return per unit of risk over the last 3 months. We have found thirty technical indicators for MAG Silver, which you can use to evaluate the volatility of the entity. Please exercise MAG Silver's Downside Deviation of 2.57, semi deviation of 2.14, and Mean Deviation of 2.07 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, MAG Silver holds a performance score of 13. The firm secures a Beta (Market Risk) of 0.83, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, MAG Silver's returns are expected to increase less than the market. However, during the bear market, the loss of holding MAG Silver is expected to be smaller as well. Please check MAG Silver's value at risk, kurtosis, and the relationship between the sortino ratio and semi variance , to make a quick decision on whether MAG Silver's current price movements will revert.
Auto-correlation | 0.44 |
Average predictability
MAG Silver Corp has average predictability. Overlapping area represents the amount of predictability between MAG Silver time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of MAG Silver Corp price movement. The serial correlation of 0.44 indicates that just about 44.0% of current MAG Silver price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.44 | |
| Spearman Rank Test | 0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
MAG Silver Corp lagged returns against current returns
Autocorrelation, which is MAG Silver stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting MAG Silver's stock expected returns. We can calculate the autocorrelation of MAG Silver returns to help us make a trade decision. For example, suppose you find that MAG Silver has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
MAG Silver regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If MAG Silver stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MAG Silver stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MAG Silver stock over time.
Current vs Lagged Prices |
| Timeline |
MAG Silver Lagged Returns
When evaluating MAG Silver's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MAG Silver stock have on its future price. MAG Silver autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, MAG Silver autocorrelation shows the relationship between MAG Silver stock current value and its past values and can show if there is a momentum factor associated with investing in MAG Silver Corp.
Regressed Prices |
| Timeline |
Pair Trading with MAG Silver
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if MAG Silver position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in MAG Silver will appreciate offsetting losses from the drop in the long position's value.Moving together with MAG Stock
| 0.97 | AG | First Majestic Silver | PairCorr |
| 0.91 | IE | Ivanhoe Energy | PairCorr |
| 0.84 | FDY | Faraday Copper Corp | PairCorr |
Moving against MAG Stock
The ability to find closely correlated positions to MAG Silver could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace MAG Silver when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back MAG Silver - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling MAG Silver Corp to buy it.
The correlation of MAG Silver is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as MAG Silver moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if MAG Silver Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for MAG Silver can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out MAG Silver Correlation, MAG Silver Volatility and MAG Silver Alpha and Beta module to complement your research on MAG Silver. You can also try the Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..
MAG Silver 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.