Minor International (Thailand) Market Value
| MINT Stock | THB 26.75 0.25 0.93% |
| Symbol | Minor |
Minor International '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 Minor International'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 Minor International.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Minor International on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Minor International Public or generate 0.0% return on investment in Minor International over 30 days. Minor International is related to or competes with CP ALL, Bangkok Dusit, Airports, Kasikornbank Public, and Advanced Info. Minor International Public Company Limited, together with its subsidiaries, operates as a hospitality and leisure compan... More
Minor International 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 Minor International'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 Minor International Public upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.41 | |||
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 9.06 | |||
| Value At Risk | (1.83) | |||
| Potential Upside | 1.98 |
Minor International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Minor International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Minor International's standard deviation. In reality, there are many statistical measures that can use Minor International historical prices to predict the future Minor International's volatility.| Risk Adjusted Performance | 0.0251 | |||
| Jensen Alpha | 0.042 | |||
| Total Risk Alpha | (0.22) | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | (0.30) |
Minor International Backtested Returns
As of now, Minor Stock is very steady. Minor International has Sharpe Ratio of 0.0074, which conveys that the firm had a 0.0074% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Minor International, which you can use to evaluate the volatility of the firm. Please verify Minor International's Risk Adjusted Performance of 0.0251, downside deviation of 1.41, and Mean Deviation of 1.06 to check out if the risk estimate we provide is consistent with the expected return of 0.0112%. The company secures a Beta (Market Risk) of -0.0975, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Minor International are expected to decrease at a much lower rate. During the bear market, Minor International is likely to outperform the market. Minor International right now secures a risk of 1.52%. Please verify Minor International Public sortino ratio, maximum drawdown, and the relationship between the total risk alpha and treynor ratio , to decide if Minor International Public will be following its current price movements.
Auto-correlation | -0.3 |
Weak reverse predictability
Minor International Public has weak reverse predictability. Overlapping area represents the amount of predictability between Minor International time series from 31st of October 2024 to 15th of November 2024 and 15th of November 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 Minor International price movement. The serial correlation of -0.3 indicates that nearly 30.0% of current Minor International price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.3 | |
| Spearman Rank Test | -0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.4 |
Minor International lagged returns against current returns
Autocorrelation, which is Minor International 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 Minor International's stock expected returns. We can calculate the autocorrelation of Minor International returns to help us make a trade decision. For example, suppose you find that Minor International 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 |
Minor International 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 Minor International stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Minor International stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Minor International stock over time.
Current vs Lagged Prices |
| Timeline |
Minor International Lagged Returns
When evaluating Minor International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Minor International stock have on its future price. Minor International 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, Minor International autocorrelation shows the relationship between Minor International stock current value and its past values and can show if there is a momentum factor associated with investing in Minor International Public.
Regressed Prices |
| Timeline |
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Minor International financial ratios help investors to determine whether Minor 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 Minor with respect to the benefits of owning Minor International security.