Magna Mining Stock Beta
| NICU Stock | 1.42 0.01 0.71% |
Magna Mining fundamentals help investors to digest information that contributes to Magna Mining's financial success or failures. It also enables traders to predict the movement of Magna Stock. The fundamental analysis module provides a way to measure Magna Mining's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Magna Mining stock.
Magna | Beta |
Magna Mining Company Beta Analysis
Magna Mining's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current Magna Mining Beta | 2.29 |
Most of Magna Mining's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Magna Mining is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Magna Beta Driver Correlations
Understanding the fundamental principles of building solid financial models for Magna Mining is extremely important. It helps to project a fair market value of Magna Stock properly, considering its historical fundamentals such as Beta. Since Magna Mining's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Magna Mining's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Magna Mining's interrelated accounts and indicators.
Click cells to compare fundamentals
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
| Competition |
In accordance with the recently published financial statements, Magna Mining has a Beta of 2.291. This is 163.33% higher than that of the Metals & Mining sector and significantly higher than that of the Materials industry. The beta for all Canada stocks is notably lower than that of the firm.
Magna Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Magna Mining's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Magna Mining could also be used in its relative valuation, which is a method of valuing Magna Mining by comparing valuation metrics of similar companies.Magna Mining is currently under evaluation in beta category among its peers.
Magna Mining Current Valuation Drivers
We derive many important indicators used in calculating different scores of Magna Mining from analyzing Magna Mining's financial statements. These drivers represent accounts that assess Magna Mining's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Magna Mining's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Enterprise Value | 776.0K | 34.8M | 19.6M | 68.3M | 79.3M | 83.3M |
As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Magna Mining will likely underperform.
Magna Fundamentals
| Return On Equity | -0.84 | ||||
| Return On Asset | -0.44 | ||||
| Current Valuation | 272.28 M | ||||
| Shares Outstanding | 194.51 M | ||||
| Shares Owned By Insiders | 31.15 % | ||||
| Shares Owned By Institutions | 19.20 % | ||||
| Number Of Shares Shorted | 329.43 K | ||||
| Price To Book | 14.91 X | ||||
| Gross Profit | (199.72 K) | ||||
| EBITDA | (15.74 M) | ||||
| Net Income | (9.86 M) | ||||
| Total Debt | 5.43 M | ||||
| Book Value Per Share | 0.04 X | ||||
| Cash Flow From Operations | (10.58 M) | ||||
| Short Ratio | 1.21 X | ||||
| Earnings Per Share | (0.08) X | ||||
| Target Price | 2.63 | ||||
| Beta | 2.29 | ||||
| Market Capitalization | 276.21 M | ||||
| Total Asset | 12.77 M | ||||
| Retained Earnings | (42.86 M) | ||||
| Working Capital | 7.35 M | ||||
| Net Asset | 12.77 M |
About Magna Mining Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Magna Mining's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Magna Mining using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Magna Mining based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Thematic Opportunities
Explore Investment Opportunities
Additional Tools for Magna Stock Analysis
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.