Mag Silver Corp Stock Price on March 12, 2024
| MAG Stock | CAD 20.33 0.07 0.35% |
If you're considering investing in MAG Stock, it is important to understand the factors that can impact its price. As of today, the current price of MAG Silver stands at 20.33, as last reported on the 8th of January, with the highest price reaching 21.09 and the lowest price hitting 20.18 during the day. MAG Silver Corp has Sharpe Ratio of -0.0262, which conveys that the company had a -0.0262% return per unit of risk over the last 3 months. MAG Silver exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify MAG Silver's Coefficient Of Variation of (3,818), standard deviation of 2.49, and Mean Deviation of 1.83 to check out the risk estimate we provide.
MAG Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
MAG |
Sharpe Ratio = -0.0262
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| Negative Returns | MAG |
Estimated Market Risk
| 2.49 actual daily | 22 78% of assets are more volatile |
Expected Return
| -0.07 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.03 actual daily | 0 Most of other assets perform better |
Based on monthly moving average MAG Silver is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of MAG Silver by adding MAG Silver to a well-diversified portfolio.
MAG Silver Valuation on March 12, 2024
It is possible to determine the worth of MAG Silver on a given historical date. On March 12, 2024 MAG was worth 12.3 at the beginning of the trading date compared to the closed value of 12.4. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of MAG Silver stock. Still, in general, we apply an absolute valuation method to find MAG Silver's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of MAG Silver where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against MAG Silver's related companies.
| Open | High | Low | Close | Volume | |
| 12.27 | 13.08 | 12.25 | 12.45 | 454,400 | |
03/12/2024 | 12.30 | 12.45 | 12.12 | 12.40 | 149,600 |
| 12.45 | 12.83 | 12.35 | 12.46 | 287,500 |
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MAG Silver Trading Date Momentum on March 12, 2024
| On March 13 2024 MAG Silver Corp was traded for 12.46 at the closing time. The maximum traded price for the trading interval was 12.83 and the lowest daily price was 12.35 . The daily volume was recorded at 287.5 K. The volume of trading on 13th of March 2024 played a part in the next trading day price boost. The trading delta at closing time to the next closing price was 0.48% . The trading delta at closing time to the closing price today is 0.81% . |
MAG Silver Corp Fundamentals Correlations and Trends
By evaluating MAG Silver's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among MAG Silver's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. MAG financial account trend analysis is a perfect complement when working with valuation or volatility modules.About MAG Silver Stock history
MAG Silver investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for MAG is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in MAG Silver Corp will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing MAG Silver stock prices may prove useful in developing a viable investing in MAG Silver
MAG Silver Corp. focuses on the acquisition, exploration, and development of mineral properties primarily in the Americas. It primarily holds 44 percent interest in the Juanicipio project located in the Fresnillo District, Zacatecas State, Mexico. MAG SILVER operates under Silver classification in Canada and is traded on Toronto Stock Exchange. It employs 8 people.
MAG Silver Stock Technical Analysis
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.
Price Boundaries
MAG Silver Period Price Range
Low | January 8, 2025
| High |
0.00 | 0.00 |
MAG Silver Corp cannot be verified against its exchange. Please verify the symbol is currently traded on Toronto Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
MAG Silver January 8, 2025 Market Strength
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 Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for MAG Silver's price direction in advance. Along with the technical and fundamental analysis of MAG Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of MAG to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.07) | |||
| Treynor Ratio | 0.203 |
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Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MAG Silver Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.