MAG Silver Stock Forecast - Rate Of Daily Change
| MAG Stock | CAD 21.80 0.20 0.93% |
MAG Stock Forecast is based on your current time horizon. Although MAG Silver's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of MAG Silver's systematic risk associated with finding meaningful patterns of MAG Silver fundamentals over time.
MAG |
| Check MAG Silver Volatility | Backtest MAG Silver | Trend Details |
MAG Silver Trading Date Momentum
| On November 29 2024 MAG Silver Corp was traded for 21.80 at the closing time. The maximum traded price for the trading interval was 22.05 and the lowest daily price was 21.37 . The daily volume was recorded at 176.7 K. The volume of trading on 29th of November 2024 played a part in the next trading day price boost. The trading delta at closing time to the next closing price was 0.93% . The trading delta at closing time to the closing price today is 1.16% . |
The rate of daily change can indicate whether a given asset was oversold or over brought during a given period.
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Other Forecasting Options for MAG Silver
For every potential investor in MAG, whether a beginner or expert, MAG Silver's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. MAG Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in MAG. Basic forecasting techniques help filter out the noise by identifying MAG Silver's price trends.MAG Silver 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 MAG Silver stock to make a market-neutral strategy. Peer analysis of MAG Silver could also be used in its relative valuation, which is a method of valuing MAG Silver by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
MAG Silver Corp Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of MAG Silver's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of MAG Silver's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
MAG Silver Market Strength Events
Market strength indicators help investors to evaluate how MAG Silver stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading MAG Silver shares will generate the highest return on investment. By undertsting and applying MAG Silver stock market strength indicators, traders can identify MAG Silver Corp entry and exit signals to maximize returns.
MAG Silver Risk Indicators
The analysis of MAG Silver's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in MAG Silver's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting mag stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 2.11 | |||
| Semi Deviation | 2.26 | |||
| Standard Deviation | 2.81 | |||
| Variance | 7.91 | |||
| Downside Variance | 6.75 | |||
| Semi Variance | 5.1 | |||
| Expected Short fall | (2.27) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
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 |
| 0.89 | 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 Historical Fundamental Analysis of MAG Silver to cross-verify your projections. You can also try the Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.