Agnico-Eagle Stock Market Value

AEM
 Stock
  

USD 49.89  1.47  3.04%   

Agnico-Eagle Mines' market value is the price at which a share of Agnico-Eagle Mines stock trades on a public exchange. It measures the collective expectations of Agnico-Eagle Mines investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Agnico-Eagle Mines and determine expected loss or profit from investing in Agnico-Eagle Mines over a given investment horizon. Please continue to Agnico-Eagle Mines Correlation, Agnico-Eagle Mines Volatility and Agnico-Eagle Mines Alpha and Beta module to complement your research on Agnico-Eagle Mines.
Symbol


Is Agnico-Eagle Mines' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Agnico-Eagle Mines. If investors know Agnico-Eagle will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Agnico-Eagle Mines listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
(0.64) 
Market Capitalization
22.1 B
Quarterly Revenue Growth YOY
0.47
Return On Assets
0.0515
Return On Equity
0.0497
The market value of Agnico-Eagle Mines is measured differently than its book value, which is the value of Agnico-Eagle that is recorded on the company's balance sheet. Investors also form their own opinion of Agnico-Eagle Mines' value that differs from its market value or its book value, called intrinsic value, which is Agnico-Eagle Mines' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Agnico-Eagle Mines' market value can be influenced by many factors that don't directly affect Agnico-Eagle Mines' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Agnico-Eagle Mines' value and its price as these two are different measures arrived at by different means. Investors typically determine Agnico-Eagle Mines value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Agnico-Eagle Mines' 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.

Agnico-Eagle Mines '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 Agnico-Eagle Mines' 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 Agnico-Eagle Mines.
0.00
12/10/2020
No Change 0.00  0.0 
In 1 year 11 months and 21 days
11/30/2022
0.00
If you would invest  0.00  in Agnico-Eagle Mines on December 10, 2020 and sell it all today you would earn a total of 0.00 from holding Agnico-Eagle Mines or generate 0.0% return on investment in Agnico-Eagle Mines over 720 days. Agnico-Eagle Mines is related to or competes with Newmont, and C E. Agnico Eagle Mines Limited engages in the exploration, development, and production of mineral properties in Canada, Mexi... More

Agnico-Eagle Mines 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 Agnico-Eagle Mines' 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 Agnico-Eagle Mines upside and downside potential and time the market with a certain degree of confidence.

Agnico-Eagle Mines Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Agnico-Eagle Mines' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Agnico-Eagle Mines' standard deviation. In reality, there are many statistical measures that can use Agnico-Eagle Mines historical prices to predict the future Agnico-Eagle Mines' volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Agnico-Eagle Mines' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy. Please use the tools below to analyze the current value of Agnico-Eagle Mines in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
46.6749.8352.99
Details
Intrinsic
Valuation
LowReal ValueHigh
44.9060.8964.05
Details
Naive
Forecast
LowNext ValueHigh
46.6849.8453.00
Details
9 Analysts
Consensus
LowTarget PriceHigh
63.0075.00110.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Agnico-Eagle Mines. Your research has to be compared to or analyzed against Agnico-Eagle Mines' peers to derive any actionable benefits. When done correctly, Agnico-Eagle Mines' competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Agnico-Eagle Mines.

Agnico-Eagle Mines Backtested Returns

Agnico-Eagle Mines appears to be very steady, given 3 months investment horizon. Agnico-Eagle Mines secures Sharpe Ratio (or Efficiency) of 0.13, which signifies that the company had 0.13% of return per unit of risk over the last 3 months. Our standpoint towards foreseeing the volatility of a stock is to use all available market data together with stock-specific technical indicators that cannot be diversified away. We have found twenty-seven technical indicators for Agnico-Eagle Mines, which you can use to evaluate the future volatility of the firm. Please makes use of Agnico-Eagle Mines' Mean Deviation of 2.43, risk adjusted performance of 0.1227, and Downside Deviation of 3.09 to double-check if our risk estimates are consistent with your expectations.
On a scale of 0 to 100, Agnico-Eagle Mines holds a performance score of 9. The firm shows a Beta (market volatility) of 1.4694, which signifies a somewhat significant risk relative to the market. Let's try to break down what Agnico-Eagle's beta means in this case. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Agnico-Eagle Mines will likely underperform. Although it is vital to follow Agnico-Eagle Mines historical returns, it is good to be conservative about what you can do with the information regarding equity current trending patterns. The philosophy towards foreseeing future performance of any stock is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By analyzing Agnico-Eagle Mines technical indicators, you can presently evaluate if the expected return of 0.4% will be sustainable into the future. Please makes use of Agnico-Eagle Mines total risk alpha, expected short fall, price action indicator, as well as the relationship between the value at risk and daily balance of power to make a quick decision on whether Agnico-Eagle Mines price patterns will revert.

Auto-correlation

    
  0.35  

Below average predictability

Agnico-Eagle Mines has below average predictability. Overlapping area represents the amount of predictability between Agnico-Eagle Mines time series from 10th of December 2020 to 5th of December 2021 and 5th of December 2021 to 30th of November 2022. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Agnico-Eagle Mines price movement. The serial correlation of 0.35 indicates that nearly 35.0% of current Agnico-Eagle Mines price fluctuation can be explain by its past prices.
Correlation Coefficient0.35
Spearman Rank Test0.4
Residual Average0.0
Price Variance41.61

Agnico-Eagle Mines lagged returns against current returns

Autocorrelation, which is Agnico-Eagle Mines 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 Agnico-Eagle Mines' stock expected returns. We can calculate the autocorrelation of Agnico-Eagle Mines returns to help us make a trade decision. For example, suppose you find that Agnico-Eagle Mines stock 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 stock movement to match the lagging time series.
   Current and Lagged Values   
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       Timeline  

Agnico-Eagle Mines 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 Agnico-Eagle Mines stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Agnico-Eagle Mines stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Agnico-Eagle Mines stock over time.
   Current vs Lagged Prices   
Share
       Timeline  

Agnico-Eagle Mines Lagged Returns

When evaluating Agnico-Eagle Mines' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Agnico-Eagle Mines stock have on its future price. Agnico-Eagle Mines 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, Agnico-Eagle Mines autocorrelation shows the relationship between Agnico-Eagle Mines stock current value and its past values and can show if there is a momentum factor associated with investing in Agnico-Eagle Mines.
   Regressed Prices   
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       Timeline  

Be your own money manager

Our tools can tell you how much better you can do entering a position in Agnico-Eagle Mines without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Pair Trading with Agnico-Eagle Mines

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 Agnico-Eagle Mines 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 Agnico-Eagle Mines will appreciate offsetting losses from the drop in the long position's value.

Moving together with Agnico-Eagle Mines

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The ability to find closely correlated positions to Agnico-Eagle Mines could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Agnico-Eagle Mines 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 Agnico-Eagle Mines - 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 Agnico-Eagle Mines to buy it.
The correlation of Agnico-Eagle Mines is a statistical measure of how it moves in relation to other equities. 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 Agnico-Eagle Mines moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Agnico-Eagle Mines 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 Agnico-Eagle Mines 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.
Pair CorrelationCorrelation Matching
Please continue to Agnico-Eagle Mines Correlation, Agnico-Eagle Mines Volatility and Agnico-Eagle Mines Alpha and Beta module to complement your research on Agnico-Eagle Mines. Note that the Agnico-Eagle Mines information on this page should be used as a complementary analysis to other Agnico-Eagle Mines' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Analyst Recommendations module to analyst recommendations and target price estimates broken down by several categories.

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Agnico-Eagle Mines 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.
A focus of Agnico-Eagle Mines technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Agnico-Eagle Mines trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...