Mindteck (India) Market Value
| MINDTECK | 293.95 3.50 1.18% |
| Symbol | Mindteck |
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.
| 10/16/2024 |
| 12/15/2024 |
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.
| Downside Deviation | 2.7 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 15.0 | |||
| Value At Risk | (5.00) | |||
| Potential Upside | 7.73 |
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.| Risk Adjusted Performance | 0.01 | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.45) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 1.0E-4 |
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.
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 Coefficient | 0.01 | |
| Spearman Rank Test | -0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 737.32 |
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 |
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.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.