Magna Mining's market value is the price at which a share of Magna Mining trades on a public exchange. It measures the collective expectations of Magna Mining investors about its performance. Magna Mining is trading at 1.36 as of the 28th of July 2025. This is a 1.49 percent increase since the beginning of the trading day. The stock's lowest day price was 1.33. With this module, you can estimate the performance of a buy and hold strategy of Magna Mining and determine expected loss or profit from investing in Magna Mining over a given investment horizon. Check out Magna Mining Correlation, Magna Mining Volatility and Magna Mining Alpha and Beta module to complement your research on Magna Mining.
Please note, there is a significant difference between Magna Mining's value and its price as these two are different measures arrived at by different means. Investors typically determine if Magna Mining is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Magna Mining's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Magna Mining '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 Magna Mining's otc 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 Magna Mining.
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Magna Mining's otc 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 Magna Mining upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Magna Mining's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Magna Mining's standard deviation. In reality, there are many statistical measures that can use Magna Mining historical prices to predict the future Magna Mining's volatility.
Magna Mining appears to be very risky, given 3 months investment horizon. Magna Mining has Sharpe Ratio of 0.17, which conveys that the firm had a 0.17 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Magna Mining, which you can use to evaluate the volatility of the firm. Please exercise Magna Mining's Downside Deviation of 2.32, risk adjusted performance of 0.1398, and Mean Deviation of 1.99 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Magna Mining holds a performance score of 13. The company secures a Beta (Market Risk) of -0.0153, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Magna Mining are expected to decrease at a much lower rate. During the bear market, Magna Mining is likely to outperform the market. Please check Magna Mining'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 Magna Mining's current price movements will revert.
Auto-correlation
0.24
Weak predictability
Magna Mining has weak predictability. Overlapping area represents the amount of predictability between Magna Mining time series from 29th of April 2025 to 13th of June 2025 and 13th of June 2025 to 28th of July 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 Magna Mining price movement. The serial correlation of 0.24 indicates that over 24.0% of current Magna Mining price fluctuation can be explain by its past prices.
Correlation Coefficient
0.24
Spearman Rank Test
0.51
Residual Average
0.0
Price Variance
0.0
Magna Mining lagged returns against current returns
Autocorrelation, which is Magna Mining otc 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 Magna Mining's otc stock expected returns. We can calculate the autocorrelation of Magna Mining returns to help us make a trade decision. For example, suppose you find that Magna Mining has exhibited high autocorrelation historically, and you observe that the otc 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
Magna Mining 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 Magna Mining otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Magna Mining otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Magna Mining otc stock over time.
Current vs Lagged Prices
Timeline
Magna Mining Lagged Returns
When evaluating Magna Mining's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Magna Mining otc stock have on its future price. Magna Mining 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, Magna Mining autocorrelation shows the relationship between Magna Mining otc stock current value and its past values and can show if there is a momentum factor associated with investing in Magna Mining.
Magna Mining financial ratios help investors to determine whether Magna OTC 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 Magna with respect to the benefits of owning Magna Mining security.