Mindax (Australia) Price on October 10, 2024
| MDX Stock | 0.04 0 2.56% |
Below is the normalized historical share price chart for Mindax Limited extending back to December 07, 2004. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Mindax stands at 0.04, as last reported on the 22nd of December, with the highest price reaching 0.04 and the lowest price hitting 0.04 during the day.
If you're considering investing in Mindax Stock, it is important to understand the factors that can impact its price. Mindax Limited has Sharpe Ratio of -0.0194, which conveys that the firm had a -0.0194% return per unit of risk over the last 3 months. Mindax exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Mindax's Standard Deviation of 4.5, risk adjusted performance of (0.03), and Mean Deviation of 2.62 to check out the risk estimate we provide.
At this time, Mindax's Common Stock Shares Outstanding is comparatively stable compared to the past year. Liabilities And Stockholders Equity is likely to gain to about 28.1 M in 2024, whereas Other Stockholder Equity is likely to drop slightly above 697.2 K in 2024. . Mindax Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
200 Day MA 0.0429 | 50 Day MA 0.0393 | Beta 4.037 |
Mindax |
Sharpe Ratio = -0.0194
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| Negative Returns | MDX |
Estimated Market Risk
| 4.33 actual daily | 38 62% of assets are more volatile |
Expected Return
| -0.08 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.02 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Mindax is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Mindax by adding Mindax to a well-diversified portfolio.
Price Book 4.634 | Book Value 0.009 | Enterprise Value 81.5 M | Enterprise Value Ebitda (157.84) | Price Sales 27.4 K |
Mindax Valuation on October 10, 2024
It is possible to determine the worth of Mindax on a given historical date. On October 10, 2024 Mindax was worth 0.046 at the beginning of the trading date compared to the closed value of 0.045. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Mindax stock. Still, in general, we apply an absolute valuation method to find Mindax's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Mindax where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Mindax's related companies.
| Open | High | Low | Close | Volume | |
| 0.05 | 0.05 | 0.05 | 0.05 | 28,063 | |
10/10/2024 | 0.05 | 0.05 | 0.04 | 0.04 | 47,995 |
| 0.04 | 0.04 | 0.04 | 0.04 | 19.00 |
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Mindax Trading Date Momentum on October 10, 2024
| On October 11 2024 Mindax Limited was traded for 0.04 at the closing time. The maximum traded price for the trading interval was 0.04 and the lowest daily price was 0.04 . The daily volume was recorded at 19.0. The volume of trading on 11th of October 2024 played a part in the next trading day price drop. The trading delta at closing time to the next closing price was 4.44% . The trading delta at closing time to the closing price today is 15.56% . |
Mindax Limited Fundamentals Correlations and Trends
By evaluating Mindax's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Mindax's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Mindax financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Mindax Stock history
Mindax investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Mindax is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Mindax Limited will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Mindax stock prices may prove useful in developing a viable investing in Mindax
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 2 B | 2.1 B | |
| Net Loss | -868.5 K | -911.9 K |
Mindax Stock Technical Analysis
Mindax 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.
Price Boundaries
Mindax Period Price Range
Low | December 22, 2024
| High |
0.00 | 0.00 |
Mindax Limited cannot be verified against its exchange. Please verify the symbol is currently traded on Australian Securities Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Mindax December 22, 2024 Market Strength
Market strength indicators help investors to evaluate how Mindax stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Mindax shares will generate the highest return on investment. By undertsting and applying Mindax stock market strength indicators, traders can identify Mindax Limited entry and exit signals to maximize returns
Mindax Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Mindax's price direction in advance. Along with the technical and fundamental analysis of Mindax Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Mindax to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.24) | |||
| Total Risk Alpha | (0.37) | |||
| Treynor Ratio | 2.34 |
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Additional Tools for Mindax Stock Analysis
When running Mindax's price analysis, check to measure Mindax's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Mindax is operating at the current time. Most of Mindax's value examination focuses on studying past and present price action to predict the probability of Mindax's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mindax's price. Additionally, you may evaluate how the addition of Mindax to your portfolios can decrease your overall portfolio volatility.