Minmetals Capital (China) Market Value
| 600390 Stock | 7.19 0.14 1.99% |
| Symbol | Minmetals |
Minmetals Capital '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 Minmetals Capital'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 Minmetals Capital.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in Minmetals Capital on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding Minmetals Capital Co or generate 0.0% return on investment in Minmetals Capital over 720 days. Minmetals Capital is related to or competes with Beijing Jiaman, Tianjin Capital, Sinocat Environmental, Beijing Mainstreets, Chengdu Xingrong, and Lingyuan Iron. Minmetals Capital is entity of China. It is traded as Stock on SHG exchange. More
Minmetals Capital 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 Minmetals Capital'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 Minmetals Capital Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.51 | |||
| Information Ratio | 0.1661 | |||
| Maximum Drawdown | 20.2 | |||
| Value At Risk | (5.11) | |||
| Potential Upside | 10.01 |
Minmetals Capital Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Minmetals Capital's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Minmetals Capital's standard deviation. In reality, there are many statistical measures that can use Minmetals Capital historical prices to predict the future Minmetals Capital's volatility.| Risk Adjusted Performance | 0.1579 | |||
| Jensen Alpha | 0.9473 | |||
| Total Risk Alpha | 0.1239 | |||
| Sortino Ratio | 0.2207 | |||
| Treynor Ratio | (2.52) |
Minmetals Capital Backtested Returns
Minmetals Capital is relatively risky given 3 months investment horizon. Minmetals Capital has Sharpe Ratio of 0.23, which conveys that the firm had a 0.23% return per unit of risk over the last 3 months. We were able to analyze twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.12% are justified by taking the suggested risk. Use Minmetals Capital Downside Deviation of 3.51, mean deviation of 3.41, and Risk Adjusted Performance of 0.1579 to evaluate company specific risk that cannot be diversified away. Minmetals Capital holds a performance score of 17 on a scale of zero to a hundred. The company secures a Beta (Market Risk) of -0.36, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Minmetals Capital are expected to decrease at a much lower rate. During the bear market, Minmetals Capital is likely to outperform the market. Use Minmetals Capital downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to analyze future returns on Minmetals Capital.
Auto-correlation | -0.59 |
Good reverse predictability
Minmetals Capital Co has good reverse predictability. Overlapping area represents the amount of predictability between Minmetals Capital time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Minmetals Capital price movement. The serial correlation of -0.59 indicates that roughly 59.0% of current Minmetals Capital price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.59 | |
| Spearman Rank Test | 0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 1.35 |
Minmetals Capital lagged returns against current returns
Autocorrelation, which is Minmetals Capital 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 Minmetals Capital's stock expected returns. We can calculate the autocorrelation of Minmetals Capital returns to help us make a trade decision. For example, suppose you find that Minmetals Capital 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 |
Minmetals Capital 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 Minmetals Capital stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Minmetals Capital stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Minmetals Capital stock over time.
Current vs Lagged Prices |
| Timeline |
Minmetals Capital Lagged Returns
When evaluating Minmetals Capital's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Minmetals Capital stock have on its future price. Minmetals Capital 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, Minmetals Capital autocorrelation shows the relationship between Minmetals Capital stock current value and its past values and can show if there is a momentum factor associated with investing in Minmetals Capital Co.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Minmetals Stock
Minmetals Capital financial ratios help investors to determine whether Minmetals 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 Minmetals with respect to the benefits of owning Minmetals Capital security.