Mind Technology Stock Market Value
| MIND Stock | USD 3.90 0.05 1.30% |
| Symbol | Mind |
Mind Technology Price To Book Ratio
Is Oil & Gas Equipment & Services space 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 Mind Technology. If investors know Mind 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 Mind Technology listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.61) | Revenue Per Share 27.074 | Quarterly Revenue Growth 0.327 | Return On Assets 0.0525 | Return On Equity 0.0668 |
The market value of Mind Technology is measured differently than its book value, which is the value of Mind that is recorded on the company's balance sheet. Investors also form their own opinion of Mind Technology's value that differs from its market value or its book value, called intrinsic value, which is Mind Technology's 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 Mind Technology's market value can be influenced by many factors that don't directly affect Mind Technology's 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 Mind Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if Mind Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mind Technology'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.
Mind Technology '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 Mind Technology'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 Mind Technology.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Mind Technology on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Mind Technology or generate 0.0% return on investment in Mind Technology over 30 days. Mind Technology is related to or competes with Spectris Plc, Electro Sensors, Sono Tek, Vishay Precision, Nanalysis Scientific, Genasys, and Sensata Technologies. MIND Technology, Inc., together with its subsidiaries, provides technology to the oceanographic, hydrographic, defense, ... More
Mind Technology 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 Mind Technology'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 Mind Technology upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.47 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 13.68 | |||
| Value At Risk | (4.22) | |||
| Potential Upside | 4.4 |
Mind Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mind Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mind Technology's standard deviation. In reality, there are many statistical measures that can use Mind Technology historical prices to predict the future Mind Technology's volatility.| Risk Adjusted Performance | 0.0146 | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.42) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.0165 |
Mind Technology Backtested Returns
At this point, Mind Technology is slightly risky. Mind Technology has Sharpe Ratio of 0.0737, which conveys that the firm had a 0.0737% return per unit of risk over the last 3 months. We have found thirty technical indicators for Mind Technology, which you can use to evaluate the volatility of the firm. Please verify Mind Technology's Mean Deviation of 1.93, risk adjusted performance of 0.0146, and Downside Deviation of 2.47 to check out if the risk estimate we provide is consistent with the expected return of 0.19%. Mind Technology has a performance score of 5 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.96, which conveys possible diversification benefits within a given portfolio. Mind Technology returns are very sensitive to returns on the market. As the market goes up or down, Mind Technology is expected to follow. Mind Technology right now secures a risk of 2.54%. Please verify Mind Technology treynor ratio, kurtosis, period momentum indicator, as well as the relationship between the downside variance and day median price , to decide if Mind Technology will be following its current price movements.
Auto-correlation | 0.38 |
Below average predictability
Mind Technology has below average predictability. Overlapping area represents the amount of predictability between Mind Technology time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st 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 Mind Technology price movement. The serial correlation of 0.38 indicates that just about 38.0% of current Mind Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.38 | |
| Spearman Rank Test | 0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Mind Technology lagged returns against current returns
Autocorrelation, which is Mind Technology 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 Mind Technology's stock expected returns. We can calculate the autocorrelation of Mind Technology returns to help us make a trade decision. For example, suppose you find that Mind Technology 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 |
Mind Technology 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 Mind Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mind Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mind Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Mind Technology Lagged Returns
When evaluating Mind Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mind Technology stock have on its future price. Mind Technology 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, Mind Technology autocorrelation shows the relationship between Mind Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Mind Technology.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Mind Technology is a strong investment it is important to analyze Mind Technology's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Mind Technology's future performance. For an informed investment choice regarding Mind Stock, refer to the following important reports:Check out Mind Technology Correlation, Mind Technology Volatility and Mind Technology Alpha and Beta module to complement your research on Mind Technology. For information on how to trade Mind Stock refer to our How to Trade Mind Stock guide.You can also try the Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.
Mind Technology 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.