Min Aik (Taiwan) Market Value

3060 Stock  TWD 26.50  1.50  6.00%   
Min Aik's market value is the price at which a share of Min Aik trades on a public exchange. It measures the collective expectations of Min Aik Technology investors about its performance. Min Aik is selling for under 26.50 as of the 15th of March 2025; that is 6.00 percent increase since the beginning of the trading day. The stock's lowest day price was 25.05.
With this module, you can estimate the performance of a buy and hold strategy of Min Aik Technology and determine expected loss or profit from investing in Min Aik over a given investment horizon. Check out Min Aik Correlation, Min Aik Volatility and Min Aik Alpha and Beta module to complement your research on Min Aik.
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Please note, there is a significant difference between Min Aik's value and its price as these two are different measures arrived at by different means. Investors typically determine if Min Aik is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Min Aik'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.

Min Aik '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 Min Aik'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 Min Aik.
0.00
12/15/2024
No Change 0.00  0.0 
In 3 months and 1 day
03/15/2025
0.00
If you would invest  0.00  in Min Aik on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding Min Aik Technology or generate 0.0% return on investment in Min Aik over 90 days. Min Aik is related to or competes with Promise Technology, Spirox Corp, Zinwell, Gigastorage Corp, and Chenming Mold. Min Aik Technology Co., Ltd. engages in hard disk drive related business in Taiwan More

Min Aik 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 Min Aik'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 Min Aik Technology upside and downside potential and time the market with a certain degree of confidence.

Min Aik Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Min Aik's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Min Aik's standard deviation. In reality, there are many statistical measures that can use Min Aik historical prices to predict the future Min Aik's volatility.
Hype
Prediction
LowEstimatedHigh
24.2026.5028.80
Details
Intrinsic
Valuation
LowRealHigh
23.2025.5027.80
Details

Min Aik Technology Backtested Returns

Min Aik appears to be very steady, given 3 months investment horizon. Min Aik Technology has Sharpe Ratio of 0.13, which conveys that the firm had a 0.13 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Min Aik, which you can use to evaluate the volatility of the firm. Please exercise Min Aik's Mean Deviation of 1.45, risk adjusted performance of 0.0876, and Downside Deviation of 1.67 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Min Aik holds a performance score of 10. The company secures a Beta (Market Risk) of -0.0776, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Min Aik are expected to decrease at a much lower rate. During the bear market, Min Aik is likely to outperform the market. Please check Min Aik's downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Min Aik's current price movements will revert.

Auto-correlation

    
  0.33  

Below average predictability

Min Aik Technology has below average predictability. Overlapping area represents the amount of predictability between Min Aik time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Min Aik Technology price movement. The serial correlation of 0.33 indicates that nearly 33.0% of current Min Aik price fluctuation can be explain by its past prices.
Correlation Coefficient0.33
Spearman Rank Test-0.35
Residual Average0.0
Price Variance0.44

Min Aik Technology lagged returns against current returns

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

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

Min Aik Lagged Returns

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

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Additional Tools for Min Stock Analysis

When running Min Aik's price analysis, check to measure Min Aik'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 Min Aik is operating at the current time. Most of Min Aik's value examination focuses on studying past and present price action to predict the probability of Min Aik's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Min Aik's price. Additionally, you may evaluate how the addition of Min Aik to your portfolios can decrease your overall portfolio volatility.