5 TSX mid-cap stocks listed by Kalkine Media to watch in November

While analyzing a mid-cap stock, it is essential to check that the company has a market capitalization of C$ 2 billion to C$ 10 billion. Also, you can check the company's profitability and see if the earnings have been consistent for some time. An investor could check the total debt and current assets for further analysis.

Since the stock market is volatile, there is no set pattern to find the best stock. However, one could look at some critical factors to make the right choice. An investor could check the previous performances while selecting a stock for the next three years. If a company has outperformed the sector or its peer, one can make a choice accordingly.

Mid-cap stocks belong to companies with market capitalization between C$ 2 billion and C$ 10 billion. Filo Mining Corp (TSX: FIL), Nuvista Energy Ltd (TSX: NVA), Baytex Energy Corp (TSX: CAR.UN), Birchcliff Energy Ltd (TSX: BIR) and Paramount Resources Ltd (TSX: POU) were some of the top mid-cap stocks at the time of writing, with a one-year return of over 150 per cent.

One can identify which stocks are performing well and which are not through basic fundamental analysis. Due to constantly changing market conditions, the stock performances keep varying, so it is impossible to predict which mid-cap stocks would give a maximum return in a year. However, if a company reports positive financial results consistently and gets continuous investors' attention, it could have a chance of providing maximum returns.