Magna Mining Stock Technical Analysis
| NICU Stock | 1.42 0.01 0.71% |
As of the 21st of December, Magna Mining secures the Mean Deviation of 2.76, risk adjusted performance of 0.076, and Downside Deviation of 2.87. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Magna Mining, as well as the relationship between them. Please verify Magna Mining downside deviation, standard deviation, information ratio, as well as the relationship between the coefficient of variation and variance to decide if Magna Mining is priced some-what accurately, providing market reflects its recent price of 1.42 per share.
Magna Mining Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Magna, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to MagnaMagna |
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.
Magna Mining Technical Analysis
The output start index for this execution was twenty with a total number of output elements of fourty-one. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Magna Mining volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Magna Mining Trend Analysis
Use this graph to draw trend lines for Magna Mining. You can use it to identify possible trend reversals for Magna Mining as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Magna Mining price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Magna Mining Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Magna Mining applied against its price change over selected period. The best fit line has a slop of 0.01 , which means Magna Mining will continue generating value for investors. It has 122 observation points and a regression sum of squares at 1.83, which is the sum of squared deviations for the predicted Magna Mining price change compared to its average price change.About Magna Mining Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Magna Mining on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Magna Mining based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Magna Mining price pattern first instead of the macroeconomic environment surrounding Magna Mining. By analyzing Magna Mining's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Magna Mining's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Magna Mining specific price patterns or momentum indicators. Please read more on our technical analysis page.
| 2023 | 2024 (projected) | Payables Turnover | 0.61 | 0.58 | Days Of Inventory On Hand | 8.6K | 7.7K |
Magna Mining December 21, 2024 Technical Indicators
Most technical analysis of Magna help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Magna from various momentum indicators to cycle indicators. When you analyze Magna charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
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| Risk Adjusted Performance | 0.076 | |||
| Market Risk Adjusted Performance | 0.2365 | |||
| Mean Deviation | 2.76 | |||
| Semi Deviation | 2.56 | |||
| Downside Deviation | 2.87 | |||
| Coefficient Of Variation | 1162.47 | |||
| Standard Deviation | 3.75 | |||
| Variance | 14.03 | |||
| Information Ratio | 0.0774 | |||
| Jensen Alpha | 0.2816 | |||
| Total Risk Alpha | 0.2073 | |||
| Sortino Ratio | 0.101 | |||
| Treynor Ratio | 0.2265 | |||
| Maximum Drawdown | 18.96 | |||
| Value At Risk | (4.76) | |||
| Potential Upside | 7.5 | |||
| Downside Variance | 8.24 | |||
| Semi Variance | 6.57 | |||
| Expected Short fall | (3.58) | |||
| Skewness | 1.37 | |||
| Kurtosis | 2.85 |
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.