Mint Income Fund Market Value
| MID-UN Stock | CAD 7.16 0.03 0.42% |
| Symbol | MINT |
MINT Income Fund Price To Book Ratio
MINT Income '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 MINT Income'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 MINT Income.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in MINT Income on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding MINT Income Fund or generate 0.0% return on investment in MINT Income over 90 days. MINT Income is related to or competes with Blue Ribbon, Income Financial, Precious Metals, Canadian High, and Prime Dividend. MINT Income Fund is a closed ended equity mutual fund launched by Middlefield Limited More
MINT Income 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 MINT Income'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 MINT Income Fund upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0119 | |||
| Maximum Drawdown | 5.93 | |||
| Value At Risk | (1.83) | |||
| Potential Upside | 1.15 |
MINT Income Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MINT Income's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MINT Income's standard deviation. In reality, there are many statistical measures that can use MINT Income historical prices to predict the future MINT Income's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | 0.0142 | |||
| Treynor Ratio | (0.53) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of MINT Income's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
MINT Income Fund Backtested Returns
MINT Income Fund has Sharpe Ratio of -0.13, which conveys that the firm had a -0.13 % return per unit of volatility over the last 3 months. MINT Income exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify MINT Income's mean deviation of 0.5532, and Risk Adjusted Performance of (0.09) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.19, which conveys not very significant fluctuations relative to the market. As returns on the market increase, MINT Income's returns are expected to increase less than the market. However, during the bear market, the loss of holding MINT Income is expected to be smaller as well. At this point, MINT Income Fund has a negative expected return of -0.12%. Please make sure to verify MINT Income's value at risk, rate of daily change, relative strength index, as well as the relationship between the kurtosis and market facilitation index , to decide if MINT Income Fund performance from the past will be repeated at future time.
Auto-correlation | -0.01 |
Very weak reverse predictability
MINT Income Fund has very weak reverse predictability. Overlapping area represents the amount of predictability between MINT Income 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 MINT Income Fund price movement. The serial correlation of -0.01 indicates that just 1.0% of current MINT Income price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.01 | |
| Spearman Rank Test | -0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
MINT Income Fund lagged returns against current returns
Autocorrelation, which is MINT Income 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 MINT Income's stock expected returns. We can calculate the autocorrelation of MINT Income returns to help us make a trade decision. For example, suppose you find that MINT Income 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 |
MINT Income 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 MINT Income stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MINT Income stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MINT Income stock over time.
Current vs Lagged Prices |
| Timeline |
MINT Income Lagged Returns
When evaluating MINT Income's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MINT Income stock have on its future price. MINT Income 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, MINT Income autocorrelation shows the relationship between MINT Income stock current value and its past values and can show if there is a momentum factor associated with investing in MINT Income Fund.
Regressed Prices |
| Timeline |
Pair Trading with MINT Income
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if MINT Income position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in MINT Income will appreciate offsetting losses from the drop in the long position's value.Moving together with MINT Stock
Moving against MINT Stock
| 0.76 | JNJ | Johnson Johnson CDR | PairCorr |
| 0.73 | BRK | Berkshire Hathaway CDR | PairCorr |
| 0.49 | VISA | Visa Inc CDR | PairCorr |
The ability to find closely correlated positions to MINT Income could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace MINT Income when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back MINT Income - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling MINT Income Fund to buy it.
The correlation of MINT Income is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as MINT Income moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if MINT Income Fund moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for MINT Income can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in MINT Stock
MINT Income financial ratios help investors to determine whether MINT 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 MINT with respect to the benefits of owning MINT Income security.