Magna Mining Current Valuation vs. Shares Outstanding
| NICU Stock | 1.42 0.01 0.71% |
For Magna Mining profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Magna Mining to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Magna Mining utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Magna Mining's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Magna Mining over time as well as its relative position and ranking within its peers.
Magna |
Magna Mining Shares Outstanding vs. Current Valuation Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Magna Mining's current stock value. Our valuation model uses many indicators to compare Magna Mining value to that of its competitors to determine the firm's financial worth. Magna Mining is regarded second in current valuation category among its peers. It is regarded fourth in shares outstanding category among its peers creating about 0.71 of Shares Outstanding per Current Valuation. The ratio of Current Valuation to Shares Outstanding for Magna Mining is roughly 1.40 . Common Stock Shares Outstanding is likely to drop to about 122.6 M in 2024. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Magna Mining's earnings, one of the primary drivers of an investment's value.Magna Current Valuation vs. Competition
Magna Mining is regarded second in current valuation category among its peers. After adjusting for long-term liabilities, total market size of Materials industry is now estimated at about 1.14 Billion. Magna Mining totals roughly 272.28 Million in current valuation claiming about 24% of all equities under Materials industry.
Magna Shares Outstanding vs. Current Valuation
Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
Magna Mining |
| = | 272.28 M |
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
Outstanding Shares are shares of common stock of a public company that were purchased by investors after they were authorized and issued by the company to the public. Outstanding Shares are typically reported on fully diluted basis, including exotic instruments such as options, or convertibles bonds.
Magna Mining |
| = | 194.51 M |
Outstanding shares that are stated on company Balance Sheet are used when calculating many important valuation and performance indicators including Return on Equity, Market Cap, EPS and many others.
Magna Shares Outstanding Comparison
Magna Mining is currently under evaluation in shares outstanding category among its peers.
Magna Mining Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Magna Mining, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Magna Mining will eventually generate negative long term returns. The profitability progress is the general direction of Magna Mining's change in net profit over the period of time. It can combine multiple indicators of Magna Mining, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
| Last Reported | Projected for Next Year | ||
| Net Loss | -6.1 M | -5.8 M | |
| Net Interest Income | 498.8 K | 523.8 K | |
| Interest Income | 856.6 K | 899.4 K | |
| Operating Income | -12.8 M | -13.4 M | |
| Net Loss | -9.9 M | -10.4 M | |
| Income Before Tax | -9.9 M | -10.4 M | |
| Total Other Income Expense Net | 2.4 M | 2.5 M | |
| Net Loss | -9.9 M | -10.4 M | |
| Change To Netincome | 1.6 M | 1.7 M | |
| Net Loss | (0.06) | (0.06) | |
| Income Quality | 1.07 | 0.96 | |
| Net Income Per E B T | 0.90 | 0.80 |
Magna Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Magna Mining. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Magna Mining position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Magna Mining's important profitability drivers and their relationship over time.
Use Magna Mining in pair-trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Magna Mining position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Magna Mining will appreciate offsetting losses from the drop in the long position's value.Magna Mining Pair Trading
Magna Mining Pair Trading Analysis
The ability to find closely correlated positions to Magna Mining could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Magna Mining when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Magna Mining - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Magna Mining to buy it.
The correlation of Magna Mining is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Magna Mining moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Magna Mining moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Magna Mining can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Use Investing Themes to Complement your Magna Mining position
In addition to having Magna Mining in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Trading Thematic Idea Now
Trading
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Trading theme has 61 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Trading Theme or any other thematic opportunities.
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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.