Magna Mining Stock Market Value
| MGMNF Stock | 1.08 0.03 2.70% |
| Symbol | Magna |
Magna Mining '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 Magna Mining's pink sheet 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 Magna Mining.
| 09/12/2024 |
| 12/11/2024 |
If you would invest 0.00 in Magna Mining on September 12, 2024 and sell it all today you would earn a total of 0.00 from holding Magna Mining or generate 0.0% return on investment in Magna Mining over 90 days. Magna Mining is related to or competes with Emerita Resources, NGEx Minerals, Boss Resources, Global Atomic, and American Rare. More
Magna Mining 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 Magna Mining's pink sheet 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 Magna Mining upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.1 | |||
| Information Ratio | 0.1752 | |||
| Maximum Drawdown | 31.84 | |||
| Value At Risk | (4.49) | |||
| Potential Upside | 11.32 |
Magna Mining Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Magna Mining's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Magna Mining's standard deviation. In reality, there are many statistical measures that can use Magna Mining historical prices to predict the future Magna Mining's volatility.| Risk Adjusted Performance | 0.1523 | |||
| Jensen Alpha | 0.8382 | |||
| Total Risk Alpha | 0.2025 | |||
| Sortino Ratio | 0.2978 | |||
| Treynor Ratio | 0.5981 |
Magna Mining Backtested Returns
Magna Mining appears to be dangerous, given 3 months investment horizon. Magna Mining has Sharpe Ratio of 0.15, which conveys that the firm had a 0.15% return per unit of risk over the last 3 months. By analyzing Magna Mining's technical indicators, you can evaluate if the expected return of 0.62% is justified by implied risk. Please exercise Magna Mining's Downside Deviation of 3.1, mean deviation of 3.57, and Risk Adjusted Performance of 0.1523 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Magna Mining holds a performance score of 11. The company secures a Beta (Market Risk) of 1.73, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Magna Mining will likely underperform. Please check Magna Mining's semi variance, day typical price, and the relationship between the maximum drawdown and accumulation distribution , to make a quick decision on whether Magna Mining's current price movements will revert.
Auto-correlation | -0.04 |
Very weak reverse predictability
Magna Mining has very weak reverse predictability. Overlapping area represents the amount of predictability between Magna Mining time series from 12th of September 2024 to 27th of October 2024 and 27th of October 2024 to 11th 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 Magna Mining price movement. The serial correlation of -0.04 indicates that only as little as 4.0% of current Magna Mining price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.04 | |
| Spearman Rank Test | -0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Magna Mining lagged returns against current returns
Autocorrelation, which is Magna Mining pink sheet'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 Magna Mining's pink sheet expected returns. We can calculate the autocorrelation of Magna Mining returns to help us make a trade decision. For example, suppose you find that Magna Mining has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Magna Mining 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 Magna Mining pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Magna Mining pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Magna Mining pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Magna Mining Lagged Returns
When evaluating Magna Mining's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Magna Mining pink sheet have on its future price. Magna Mining 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, Magna Mining autocorrelation shows the relationship between Magna Mining pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Magna Mining.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Magna Pink Sheet
Magna Mining financial ratios help investors to determine whether Magna Pink Sheet is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Magna with respect to the benefits of owning Magna Mining security.