Minesto AB (Sweden) Market Value
| MINEST Stock | SEK 2.49 0.06 2.35% |
| Symbol | Minesto |
Minesto AB '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 Minesto AB'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 Minesto AB.
| 06/09/2023 |
| 11/30/2024 |
If you would invest 0.00 in Minesto AB on June 9, 2023 and sell it all today you would earn a total of 0.00 from holding Minesto AB or generate 0.0% return on investment in Minesto AB over 540 days. Minesto AB is related to or competes with SolTech Energy, Eolus Vind, Climeon AB, and Powercell Sweden. Minesto AB operates as a developer of marine energy technology solution in Sweden, Wales, and Northern Ireland More
Minesto AB 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 Minesto AB'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 Minesto AB upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 29.47 | |||
| Value At Risk | (6.48) | |||
| Potential Upside | 6.29 |
Minesto AB Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Minesto AB's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Minesto AB's standard deviation. In reality, there are many statistical measures that can use Minesto AB historical prices to predict the future Minesto AB's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.88) | |||
| Treynor Ratio | (0.87) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Minesto AB'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.
Minesto AB Backtested Returns
Minesto AB has Sharpe Ratio of -0.0207, which conveys that the firm had a -0.0207% return per unit of risk over the last 3 months. Minesto AB exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Minesto AB's Mean Deviation of 3.12, risk adjusted performance of (0.01), and Standard Deviation of 4.5 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.15, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Minesto AB's returns are expected to increase less than the market. However, during the bear market, the loss of holding Minesto AB is expected to be smaller as well. At this point, Minesto AB has a negative expected return of -0.0935%. Please make sure to verify Minesto AB's total risk alpha, skewness, as well as the relationship between the Skewness and day median price , to decide if Minesto AB performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.05 |
Virtually no predictability
Minesto AB has virtually no predictability. Overlapping area represents the amount of predictability between Minesto AB time series from 9th of June 2023 to 5th of March 2024 and 5th of March 2024 to 30th of November 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 Minesto AB price movement. The serial correlation of 0.05 indicates that only as little as 5.0% of current Minesto AB price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.05 | |
| Spearman Rank Test | 0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 0.16 |
Minesto AB lagged returns against current returns
Autocorrelation, which is Minesto AB 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 Minesto AB's stock expected returns. We can calculate the autocorrelation of Minesto AB returns to help us make a trade decision. For example, suppose you find that Minesto AB 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 |
Minesto AB 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 Minesto AB stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Minesto AB stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Minesto AB stock over time.
Current vs Lagged Prices |
| Timeline |
Minesto AB Lagged Returns
When evaluating Minesto AB's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Minesto AB stock have on its future price. Minesto AB 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, Minesto AB autocorrelation shows the relationship between Minesto AB stock current value and its past values and can show if there is a momentum factor associated with investing in Minesto AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Minesto Stock
Minesto AB financial ratios help investors to determine whether Minesto 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 Minesto with respect to the benefits of owning Minesto AB security.