MAG SILVER (Germany) Market Value
| MQ8 Stock | EUR 13.95 0.80 6.08% |
| Symbol | MAG |
MAG SILVER '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 MAG SILVER'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 MAG SILVER.
| 11/05/2024 |
| 01/04/2025 |
If you would invest 0.00 in MAG SILVER on November 5, 2024 and sell it all today you would earn a total of 0.00 from holding MAG SILVER or generate 0.0% return on investment in MAG SILVER over 60 days. MAG SILVER is related to or competes with Apple, Apple, Apple, Apple, Apple, Apple, and Microsoft. More
MAG SILVER 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 MAG SILVER'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 MAG SILVER upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.18 | |||
| Information Ratio | 0.0194 | |||
| Maximum Drawdown | 9.93 | |||
| Value At Risk | (3.56) | |||
| Potential Upside | 4.93 |
MAG SILVER Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MAG SILVER's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MAG SILVER's standard deviation. In reality, there are many statistical measures that can use MAG SILVER historical prices to predict the future MAG SILVER's volatility.| Risk Adjusted Performance | 0.0299 | |||
| Jensen Alpha | 0.056 | |||
| Total Risk Alpha | 0.0222 | |||
| Sortino Ratio | 0.0211 | |||
| Treynor Ratio | 0.3077 |
MAG SILVER Backtested Returns
Currently, MAG SILVER is not too volatile. MAG SILVER has Sharpe Ratio of 0.0311, which conveys that the company had a 0.0311% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for MAG SILVER, which you can use to evaluate the volatility of the entity. Please verify MAG SILVER's Mean Deviation of 1.75, semi deviation of 1.88, and Downside Deviation of 2.18 to check out if the risk estimate we provide is consistent with the expected return of 0.0729%. MAG SILVER has a performance score of 2 on a scale of 0 to 100. The firm secures a Beta (Market Risk) of 0.19, which conveys not very significant fluctuations relative to the market. As returns on the market increase, MAG SILVER's returns are expected to increase less than the market. However, during the bear market, the loss of holding MAG SILVER is expected to be smaller as well. MAG SILVER at this time secures a risk of 2.34%. Please verify MAG SILVER sortino ratio, potential upside, and the relationship between the jensen alpha and maximum drawdown , to decide if MAG SILVER will be following its current price movements.
Auto-correlation | 0.10 |
Insignificant predictability
MAG SILVER has insignificant predictability. Overlapping area represents the amount of predictability between MAG SILVER time series from 5th of November 2024 to 5th of December 2024 and 5th of December 2024 to 4th of January 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 MAG SILVER price movement. The serial correlation of 0.1 indicates that less than 10.0% of current MAG SILVER price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.1 | |
| Spearman Rank Test | 0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 0.44 |
MAG SILVER lagged returns against current returns
Autocorrelation, which is MAG SILVER 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 MAG SILVER's stock expected returns. We can calculate the autocorrelation of MAG SILVER returns to help us make a trade decision. For example, suppose you find that MAG SILVER 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 |
| Timeline |
MAG SILVER 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 MAG SILVER stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MAG SILVER stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MAG SILVER stock over time.
Current vs Lagged Prices |
| Timeline |
MAG SILVER Lagged Returns
When evaluating MAG SILVER's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MAG SILVER stock have on its future price. MAG SILVER 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, MAG SILVER autocorrelation shows the relationship between MAG SILVER stock current value and its past values and can show if there is a momentum factor associated with investing in MAG SILVER.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for MAG Stock Analysis
When running MAG SILVER's price analysis, check to measure MAG SILVER'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 MAG SILVER is operating at the current time. Most of MAG SILVER's value examination focuses on studying past and present price action to predict the probability of MAG SILVER's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move MAG SILVER's price. Additionally, you may evaluate how the addition of MAG SILVER to your portfolios can decrease your overall portfolio volatility.