MINAU 85 01 MAY 30 Market Value
| 603051AD5 | 99.78 2.95 2.87% |
| Symbol | MINAU |
Please note, there is a significant difference between MINAU's value and its price as these two are different measures arrived at by different means. Investors typically determine if MINAU is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MINAU'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.
MINAU '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 MINAU's bond 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 MINAU.
| 09/15/2024 |
| 12/14/2024 |
If you would invest 0.00 in MINAU on September 15, 2024 and sell it all today you would earn a total of 0.00 from holding MINAU 85 01 MAY 30 or generate 0.0% return on investment in MINAU over 90 days. MINAU is related to or competes with ReTo Eco, Boyd Gaming, Topbuild Corp, Corsair Gaming, Hurco Companies, Griffon, and Highway Holdings. More
MINAU 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 MINAU's bond 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 MINAU 85 01 MAY 30 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 5.58 | |||
| Value At Risk | (0.80) | |||
| Potential Upside | 0.8544 |
MINAU Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MINAU's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MINAU's standard deviation. In reality, there are many statistical measures that can use MINAU historical prices to predict the future MINAU's volatility.| Risk Adjusted Performance | (0.0006) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.21) | |||
| Treynor Ratio | 0.3676 |
MINAU 85 01 Backtested Returns
MINAU 85 01 has Sharpe Ratio of -0.11, which conveys that the entity had a -0.11% return per unit of volatility over the last 3 months. MINAU exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify MINAU's risk adjusted performance of (0.0006), and Mean Deviation of 0.5924 to check out the risk estimate we provide. The bond secures a Beta (Market Risk) of -0.0587, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning MINAU are expected to decrease at a much lower rate. During the bear market, MINAU is likely to outperform the market.
Auto-correlation | -0.01 |
Very weak reverse predictability
MINAU 85 01 MAY 30 has very weak reverse predictability. Overlapping area represents the amount of predictability between MINAU time series from 15th of September 2024 to 30th of October 2024 and 30th of October 2024 to 14th 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 MINAU 85 01 price movement. The serial correlation of -0.01 indicates that just 1.0% of current MINAU price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.01 | |
| Spearman Rank Test | 0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 0.5 |
MINAU 85 01 lagged returns against current returns
Autocorrelation, which is MINAU bond'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 MINAU's bond expected returns. We can calculate the autocorrelation of MINAU returns to help us make a trade decision. For example, suppose you find that MINAU has exhibited high autocorrelation historically, and you observe that the bond 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 |
MINAU 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 MINAU bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MINAU bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MINAU bond over time.
Current vs Lagged Prices |
| Timeline |
MINAU Lagged Returns
When evaluating MINAU's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MINAU bond have on its future price. MINAU 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, MINAU autocorrelation shows the relationship between MINAU bond current value and its past values and can show if there is a momentum factor associated with investing in MINAU 85 01 MAY 30.
Regressed Prices |
| Timeline |
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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 MINAU Bond
MINAU financial ratios help investors to determine whether MINAU Bond 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 MINAU with respect to the benefits of owning MINAU security.