Magna Mining Stock Price on April 6, 2024
| NICU Stock | 1.42 0.06 4.41% |
If you're considering investing in Magna Stock, it is important to understand the factors that can impact its price. As of today, the current price of Magna Mining stands at 1.42, as last reported on the 2nd of January, with the highest price reaching 1.43 and the lowest price hitting 1.35 during the day. Magna Mining appears to be dangerous, given 3 months investment horizon. Magna Mining has Sharpe Ratio of 0.11, which conveys that the firm had a 0.11% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Magna Mining, which you can use to evaluate the volatility of the firm. Please exercise Magna Mining's Mean Deviation of 2.76, downside deviation of 2.78, and Risk Adjusted Performance of 0.097 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 = 0.1106
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | NICU | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 3.73 actual daily | 33 67% of assets are more volatile |
Expected Return
| 0.41 actual daily | 8 92% of assets have higher returns |
Risk-Adjusted Return
| 0.11 actual daily | 8 92% of assets perform better |
Based on monthly moving average Magna Mining is performing at about 8% 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.
Magna Mining Valuation on April 6, 2024
It is possible to determine the worth of Magna Mining on a given historical date. On April 6, 2024 Magna was worth 0.64 at the beginning of the trading date compared to the closed value of 0.61. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Magna Mining stock. Still, in general, we apply an absolute valuation method to find Magna Mining'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 Magna Mining where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Magna Mining's related companies.
| Open | High | Low | Close | Volume | |
| 0.65 | 0.67 | 0.60 | 0.61 | 188,791 | |
04/05/2024 | 0.64 | 0.64 | 0.59 | 0.61 | 187,871 |
| 0.63 | 0.64 | 0.58 | 0.61 | 136,738 |
| Backtest Magna Mining | | | Magna Mining History | | | Magna Mining Valuation | Previous | Next |
Magna Mining Trading Date Momentum on April 6, 2024
| On April 08 2024 Magna Mining was traded for 0.61 at the closing time. The maximum traded price for the trading interval was 0.64 and the lowest daily price was 0.58 . The daily volume was recorded at 136.7 K. The volume of trading on 8th of April 2024 did not cause price change. The trading delta at closing time to the closing price today is 18.03% . |
Magna Mining Fundamentals Correlations and Trends
By evaluating Magna Mining'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 Magna Mining's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Magna financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Magna Mining Stock history
Magna Mining 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 Magna is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Magna Mining 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 Magna Mining stock prices may prove useful in developing a viable investing in Magna Mining
Magna Mining Stock Technical Analysis
Magna Mining 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.