Mindteck (India) Market Value

MINDTECK   293.95  3.50  1.18%   
Mindteck's market value is the price at which a share of Mindteck trades on a public exchange. It measures the collective expectations of Mindteck Limited investors about its performance. Mindteck is trading at 293.95 as of the 15th of December 2024, a 1.18 percent decrease since the beginning of the trading day. The stock's open price was 297.45.
With this module, you can estimate the performance of a buy and hold strategy of Mindteck Limited and determine expected loss or profit from investing in Mindteck over a given investment horizon. Check out Mindteck Correlation, Mindteck Volatility and Mindteck Alpha and Beta module to complement your research on Mindteck.
Symbol

Please note, there is a significant difference between Mindteck's value and its price as these two are different measures arrived at by different means. Investors typically determine if Mindteck is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mindteck'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.

Mindteck '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 Mindteck'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 Mindteck.
0.00
10/16/2024
No Change 0.00  0.0 
In 2 months and 2 days
12/15/2024
0.00
If you would invest  0.00  in Mindteck on October 16, 2024 and sell it all today you would earn a total of 0.00 from holding Mindteck Limited or generate 0.0% return on investment in Mindteck over 60 days. Mindteck is related to or competes with Vodafone Idea, Yes Bank, Indian Overseas, Indian Oil, and Suzlon Energy. Mindteck is entity of India. It is traded as Stock on NSE exchange. More

Mindteck 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 Mindteck'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 Mindteck Limited upside and downside potential and time the market with a certain degree of confidence.

Mindteck Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Mindteck's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mindteck's standard deviation. In reality, there are many statistical measures that can use Mindteck historical prices to predict the future Mindteck's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Mindteck's 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.
Hype
Prediction
LowEstimatedHigh
292.84296.38299.92
Details
Intrinsic
Valuation
LowRealHigh
236.77240.31323.35
Details
Naive
Forecast
LowNextHigh
288.60292.13295.67
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
288.01297.20306.39
Details

Mindteck Limited Backtested Returns

Mindteck Limited has Sharpe Ratio of -0.0461, which conveys that the firm had a -0.0461% return per unit of risk over the last 3 months. Mindteck exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Mindteck's Downside Deviation of 2.7, risk adjusted performance of 0.01, and Mean Deviation of 2.84 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 1.17, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Mindteck will likely underperform. At this point, Mindteck Limited has a negative expected return of -0.16%. Please make sure to verify Mindteck's expected short fall, and the relationship between the maximum drawdown and rate of daily change , to decide if Mindteck Limited performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  0.01  

Virtually no predictability

Mindteck Limited has virtually no predictability. Overlapping area represents the amount of predictability between Mindteck time series from 16th of October 2024 to 15th of November 2024 and 15th of November 2024 to 15th 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 Mindteck Limited price movement. The serial correlation of 0.01 indicates that just 1.0% of current Mindteck price fluctuation can be explain by its past prices.
Correlation Coefficient0.01
Spearman Rank Test-0.1
Residual Average0.0
Price Variance737.32

Mindteck Limited lagged returns against current returns

Autocorrelation, which is Mindteck 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 Mindteck's stock expected returns. We can calculate the autocorrelation of Mindteck returns to help us make a trade decision. For example, suppose you find that Mindteck 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  

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

Mindteck Lagged Returns

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

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Other Information on Investing in Mindteck Stock

Mindteck financial ratios help investors to determine whether Mindteck 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 Mindteck with respect to the benefits of owning Mindteck security.