Mcewen Mining Stock Market Value
| MUX Stock | CAD 15.55 0.25 1.63% |
| Symbol | McEwen |
McEwen 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 McEwen Mining'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 McEwen Mining.
| 04/07/2025 |
| 07/06/2025 |
If you would invest 0.00 in McEwen Mining on April 7, 2025 and sell it all today you would earn a total of 0.00 from holding McEwen Mining or generate 0.0% return on investment in McEwen Mining over 90 days. McEwen Mining is related to or competes with Algonquin Power, Titanium Transportation, Lion One, Highwood Asset, Medical Facilities, Conavi Medical, and AGF Management. McEwen Mining Inc. engages in the exploration, development, production, and sale of gold and silver deposits in the Unit... More
McEwen Mining 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 McEwen Mining'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 McEwen Mining upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.52 | |||
| Information Ratio | 0.216 | |||
| Maximum Drawdown | 13.72 | |||
| Value At Risk | (3.45) | |||
| Potential Upside | 7.18 |
McEwen Mining Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for McEwen Mining's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as McEwen Mining's standard deviation. In reality, there are many statistical measures that can use McEwen Mining historical prices to predict the future McEwen Mining's volatility.| Risk Adjusted Performance | 0.4114 | |||
| Jensen Alpha | 0.7998 | |||
| Total Risk Alpha | 0.6189 | |||
| Sortino Ratio | 0.289 | |||
| Treynor Ratio | 2.89 |
McEwen Mining Backtested Returns
McEwen Mining appears to be not too volatile, given 3 months investment horizon. McEwen Mining has Sharpe Ratio of 0.25, which conveys that the firm had a 0.25 % return per unit of risk over the last 3 months. By reviewing McEwen Mining's technical indicators, you can evaluate if the expected return of 0.84% is justified by implied risk. Please exercise McEwen Mining's risk adjusted performance of 0.4114, and Mean Deviation of 2.33 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, McEwen Mining holds a performance score of 19. The company secures a Beta (Market Risk) of 0.29, which conveys not very significant fluctuations relative to the market. As returns on the market increase, McEwen Mining's returns are expected to increase less than the market. However, during the bear market, the loss of holding McEwen Mining is expected to be smaller as well. Please check McEwen Mining's semi variance, day typical price, and the relationship between the maximum drawdown and accumulation distribution , to make a quick decision on whether McEwen Mining's current price movements will revert.
Auto-correlation | -0.07 |
Very weak reverse predictability
McEwen Mining has very weak reverse predictability. Overlapping area represents the amount of predictability between McEwen Mining time series from 7th of April 2025 to 22nd of May 2025 and 22nd of May 2025 to 6th 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 McEwen Mining price movement. The serial correlation of -0.07 indicates that barely 7.0% of current McEwen Mining price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.07 | |
| Spearman Rank Test | -0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 1.55 |
McEwen Mining lagged returns against current returns
Autocorrelation, which is McEwen Mining 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 McEwen Mining's stock expected returns. We can calculate the autocorrelation of McEwen Mining returns to help us make a trade decision. For example, suppose you find that McEwen Mining 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 |
McEwen 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 McEwen Mining stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if McEwen Mining stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in McEwen Mining stock over time.
Current vs Lagged Prices |
| Timeline |
McEwen Mining Lagged Returns
When evaluating McEwen Mining's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of McEwen Mining stock have on its future price. McEwen 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, McEwen Mining autocorrelation shows the relationship between McEwen Mining stock current value and its past values and can show if there is a momentum factor associated with investing in McEwen Mining.
Regressed Prices |
| Timeline |
Pair Trading with McEwen Mining
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 McEwen 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 McEwen Mining will appreciate offsetting losses from the drop in the long position's value.Moving together with McEwen Stock
Moving against McEwen Stock
The ability to find closely correlated positions to McEwen 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 McEwen 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 McEwen 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 McEwen Mining to buy it.
The correlation of McEwen 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 McEwen Mining moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if McEwen 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 McEwen 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.Check out McEwen Mining Correlation, McEwen Mining Volatility and McEwen Mining Alpha and Beta module to complement your research on McEwen Mining. To learn how to invest in McEwen Stock, please use our How to Invest in McEwen Mining guide.You can also try the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
McEwen 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.