Mindax (Australia) Market Value
| MDX Stock | 0.04 0 2.56% |
| Symbol | Mindax |
Mindax '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 Mindax'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 Mindax.
| 11/22/2024 |
| 12/22/2024 |
If you would invest 0.00 in Mindax on November 22, 2024 and sell it all today you would earn a total of 0.00 from holding Mindax Limited or generate 0.0% return on investment in Mindax over 30 days. Mindax is related to or competes with Homeco Daily, Clime Investment, Charter Hall, Pinnacle Investment, ABACUS STORAGE, Home Consortium, and Autosports. Mindax is entity of Australia. It is traded as Stock on AU exchange. More
Mindax 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 Mindax'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 Mindax Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 27.75 | |||
| Value At Risk | (9.78) | |||
| Potential Upside | 7.14 |
Mindax Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mindax's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mindax's standard deviation. In reality, there are many statistical measures that can use Mindax historical prices to predict the future Mindax's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.24) | |||
| Total Risk Alpha | (0.37) | |||
| Treynor Ratio | 2.34 |
Mindax Limited Backtested Returns
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-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Mindax's Mean Deviation of 2.62, standard deviation of 4.5, and Risk Adjusted Performance of (0.03) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.1, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Mindax are expected to decrease at a much lower rate. During the bear market, Mindax is likely to outperform the market. At this point, Mindax Limited has a negative expected return of -0.0841%. Please make sure to verify Mindax's total risk alpha, maximum drawdown, skewness, as well as the relationship between the treynor ratio and potential upside , to decide if Mindax Limited performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.4 |
Poor reverse predictability
Mindax Limited has poor reverse predictability. Overlapping area represents the amount of predictability between Mindax time series from 22nd of November 2024 to 7th of December 2024 and 7th of December 2024 to 22nd 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 Mindax Limited price movement. The serial correlation of -0.4 indicates that just about 40.0% of current Mindax price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.4 | |
| Spearman Rank Test | -0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Mindax Limited lagged returns against current returns
Autocorrelation, which is Mindax 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 Mindax's stock expected returns. We can calculate the autocorrelation of Mindax returns to help us make a trade decision. For example, suppose you find that Mindax 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 |
Mindax 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 Mindax stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mindax stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mindax stock over time.
Current vs Lagged Prices |
| Timeline |
Mindax Lagged Returns
When evaluating Mindax's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mindax stock have on its future price. Mindax 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, Mindax autocorrelation shows the relationship between Mindax stock current value and its past values and can show if there is a momentum factor associated with investing in Mindax Limited.
Regressed Prices |
| Timeline |
Thematic Opportunities
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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.