Magna Mining Stock Price on February 13, 2023
If you're considering investing in Magna Stock, it is important to understand the factors that can impact its price. Magna Mining appears to be very risky, given 3 months investment horizon. Magna Mining has Sharpe Ratio of 0.13, which conveys that the firm had a 0.13% 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 0.5% is justified by implied risk. Please exercise Magna Mining's Downside Deviation of 2.78, mean deviation of 2.85, and Risk Adjusted Performance of 0.113 to check out if our risk estimates are consistent with your expectations.
Magna Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Magna |
Sharpe Ratio = 0.1295
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 3.83 actual daily | 34 66% of assets are more volatile |
Expected Return
| 0.5 actual daily | 9 91% of assets have higher returns |
Risk-Adjusted Return
| 0.13 actual daily | 10 90% of assets perform better |
Based on monthly moving average Magna Mining is performing at about 10% of its full potential. 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 Magna Mining by adding it to a well-diversified portfolio.
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
| S | SentinelOne | |
| CRM | Salesforce | |
| MSFT | Microsoft |
Price Boundaries
Magna Mining Period Price Range
Low | January 4, 2025
| High |
0.00 | 0.00 |
Magna Mining cannot be verified against its exchange. Please verify the symbol is currently traded on TSX Venture 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.
Magna Mining January 4, 2025 Market Strength
Market strength indicators help investors to evaluate how Magna Mining stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Magna Mining shares will generate the highest return on investment. By undertsting and applying Magna Mining stock market strength indicators, traders can identify Magna Mining entry and exit signals to maximize returns
Magna Mining Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Magna Mining's price direction in advance. Along with the technical and fundamental analysis of Magna Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Magna 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 | 0.113 | |||
| Jensen Alpha | 0.4813 | |||
| Total Risk Alpha | 0.4283 | |||
| Sortino Ratio | 0.1707 | |||
| Treynor Ratio | 1.14 |
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Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment. You can also try the Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.
Other Tools for Magna Stock
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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