Magnum Goldcorp Stock Market Value
| MGI Stock | CAD 0.04 0.01 16.67% |
| Symbol | Magnum |
Magnum Goldcorp 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Magnum Goldcorp's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Magnum Goldcorp.
| 02/07/2024 |
| 02/01/2025 |
If you would invest 0.00 in Magnum Goldcorp on February 7, 2024 and sell it all today you would earn a total of 0.00 from holding Magnum Goldcorp or generate 0.0% return on investment in Magnum Goldcorp over 360 days. Magnum Goldcorp is related to or competes with Bank of Nova Scotia, Olympia Financial, Definity Financial, First National, Salesforce, Dream Office, and Medical Facilities. Magnum Goldcorp Inc. engages in the acquisition and exploration of mineral resource properties in Canada More
Magnum Goldcorp Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Magnum Goldcorp's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Magnum Goldcorp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 28.15 | |||
| Information Ratio | 4.0E-4 | |||
| Maximum Drawdown | 116.67 | |||
| Value At Risk | (25.00) | |||
| Potential Upside | 33.33 |
Magnum Goldcorp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Magnum Goldcorp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Magnum Goldcorp's standard deviation. In reality, there are many statistical measures that can use Magnum Goldcorp historical prices to predict the future Magnum Goldcorp's volatility.| Risk Adjusted Performance | 0.0148 | |||
| Jensen Alpha | 0.1924 | |||
| Total Risk Alpha | (1.72) | |||
| Sortino Ratio | 3.0E-4 | |||
| Treynor Ratio | (0.09) |
Magnum Goldcorp Backtested Returns
Magnum Goldcorp appears to be out of control, given 3 months investment horizon. Magnum Goldcorp has Sharpe Ratio of 0.0302, which conveys that the firm had a 0.0302 % return per unit of risk over the last 3 months. By analyzing Magnum Goldcorp's technical indicators, you can evaluate if the expected return of 0.52% is justified by implied risk. Please exercise Magnum Goldcorp's Downside Deviation of 28.15, risk adjusted performance of 0.0148, and Mean Deviation of 7.67 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Magnum Goldcorp holds a performance score of 2. The company secures a Beta (Market Risk) of -1.06, which conveys a somewhat significant risk relative to the market. As the market becomes more bullish, returns on owning Magnum Goldcorp are expected to decrease slowly. On the other hand, during market turmoil, Magnum Goldcorp is expected to outperform it slightly. Please check Magnum Goldcorp's jensen alpha, semi variance, day typical price, as well as the relationship between the maximum drawdown and accumulation distribution , to make a quick decision on whether Magnum Goldcorp's current price movements will revert.
Auto-correlation | 0.70 |
Good predictability
Magnum Goldcorp has good predictability. Overlapping area represents the amount of predictability between Magnum Goldcorp time series from 7th of February 2024 to 5th of August 2024 and 5th of August 2024 to 1st of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Magnum Goldcorp price movement. The serial correlation of 0.7 indicates that around 70.0% of current Magnum Goldcorp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.7 | |
| Spearman Rank Test | 0.81 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Magnum Goldcorp lagged returns against current returns
Autocorrelation, which is Magnum Goldcorp stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Magnum Goldcorp's stock expected returns. We can calculate the autocorrelation of Magnum Goldcorp returns to help us make a trade decision. For example, suppose you find that Magnum Goldcorp has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
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Magnum Goldcorp regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Magnum Goldcorp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Magnum Goldcorp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Magnum Goldcorp stock over time.
Current vs Lagged Prices |
| Timeline |
Magnum Goldcorp Lagged Returns
When evaluating Magnum Goldcorp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Magnum Goldcorp stock have on its future price. Magnum Goldcorp autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Magnum Goldcorp autocorrelation shows the relationship between Magnum Goldcorp stock current value and its past values and can show if there is a momentum factor associated with investing in Magnum Goldcorp.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Magnum Stock Analysis
When running Magnum Goldcorp's price analysis, check to measure Magnum Goldcorp'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 Magnum Goldcorp is operating at the current time. Most of Magnum Goldcorp's value examination focuses on studying past and present price action to predict the probability of Magnum Goldcorp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Magnum Goldcorp's price. Additionally, you may evaluate how the addition of Magnum Goldcorp to your portfolios can decrease your overall portfolio volatility.