Minmetals Capital (China) Market Value
| 600390 Stock | 6.01 0.05 0.83% |
| Symbol | Minmetals |
Minmetals Capital '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 Minmetals Capital'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 Minmetals Capital.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Minmetals Capital on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Minmetals Capital Co or generate 0.0% return on investment in Minmetals Capital over 90 days. Minmetals Capital is related to or competes with Will Semiconductor, Zhengzhou Coal, Pengxin International, Uroica Mining, Hubei Tech, Shenyang Blue, and Puya Semiconductor. Minmetals Capital is entity of China. It is traded as Stock on SHG exchange. More
Minmetals Capital 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 Minmetals Capital'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 Minmetals Capital Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 8.25 | |||
| Value At Risk | (3.42) | |||
| Potential Upside | 3.85 |
Minmetals Capital Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Minmetals Capital's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Minmetals Capital's standard deviation. In reality, there are many statistical measures that can use Minmetals Capital historical prices to predict the future Minmetals Capital's volatility.| Risk Adjusted Performance | (0.10) | |||
| Jensen Alpha | (0.23) | |||
| Total Risk Alpha | (0) | |||
| Treynor Ratio | (1.12) |
Minmetals Capital Backtested Returns
Minmetals Capital has Sharpe Ratio of -0.0947, which conveys that the firm had a -0.0947 % return per unit of risk over the last 3 months. Minmetals Capital exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Minmetals Capital's Mean Deviation of 1.53, risk adjusted performance of (0.10), and Standard Deviation of 1.97 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.22, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Minmetals Capital's returns are expected to increase less than the market. However, during the bear market, the loss of holding Minmetals Capital is expected to be smaller as well. At this point, Minmetals Capital has a negative expected return of -0.19%. Please make sure to verify Minmetals Capital's standard deviation, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if Minmetals Capital performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.68 |
Good predictability
Minmetals Capital Co has good predictability. Overlapping area represents the amount of predictability between Minmetals Capital time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th 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 Minmetals Capital price movement. The serial correlation of 0.68 indicates that around 68.0% of current Minmetals Capital price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.68 | |
| Spearman Rank Test | 0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Minmetals Capital lagged returns against current returns
Autocorrelation, which is Minmetals Capital 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 Minmetals Capital's stock expected returns. We can calculate the autocorrelation of Minmetals Capital returns to help us make a trade decision. For example, suppose you find that Minmetals Capital 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 |
Minmetals Capital 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 Minmetals Capital stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Minmetals Capital stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Minmetals Capital stock over time.
Current vs Lagged Prices |
| Timeline |
Minmetals Capital Lagged Returns
When evaluating Minmetals Capital's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Minmetals Capital stock have on its future price. Minmetals Capital 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, Minmetals Capital autocorrelation shows the relationship between Minmetals Capital stock current value and its past values and can show if there is a momentum factor associated with investing in Minmetals Capital Co.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Minmetals Stock
Minmetals Capital financial ratios help investors to determine whether Minmetals 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 Minmetals with respect to the benefits of owning Minmetals Capital security.