Mcewen Mining Inc Stock Beta
| US8 Stock | 9.80 0.55 5.95% |
Fundamental analysis of MCEWEN MINING allows traders to better anticipate movements in MCEWEN MINING's stock price by examining its financial health and performance throughout various phases of its business cycle.
MCEWEN |
MCEWEN MINING INC Company Beta Analysis
MCEWEN 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.
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, MCEWEN MINING INC has a Beta of 0.0. This is 100.0% lower than that of the Basic Materials sector and about the same as Other Precious Metals & Mining (which currently averages 0.0) industry. The beta for all Germany stocks is 100.0% lower than that of the firm.
MCEWEN Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses MCEWEN 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 MCEWEN MINING could also be used in its relative valuation, which is a method of valuing MCEWEN MINING by comparing valuation metrics of similar companies.MCEWEN MINING is currently under evaluation in beta category among its peers.
About MCEWEN MINING Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze MCEWEN MINING INC's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of MCEWEN MINING using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of MCEWEN MINING INC 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.
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Other Information on Investing in MCEWEN Stock
MCEWEN MINING financial ratios help investors to determine whether MCEWEN Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in MCEWEN with respect to the benefits of owning MCEWEN MINING security.