Miniso Group Holding Stock Market Value
| MNSO Stock | USD 23.59 0.59 2.44% |
| Symbol | Miniso |
Miniso Group Holding Price To Book Ratio
Is Broadline Retail space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Miniso Group. If investors know Miniso will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Miniso Group listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.103 | Earnings Share 0.99 | Revenue Per Share 44.47 | Quarterly Revenue Growth 0.241 | Return On Assets 0.131 |
The market value of Miniso Group Holding is measured differently than its book value, which is the value of Miniso that is recorded on the company's balance sheet. Investors also form their own opinion of Miniso Group's value that differs from its market value or its book value, called intrinsic value, which is Miniso Group's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Miniso Group's market value can be influenced by many factors that don't directly affect Miniso Group's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Miniso Group's value and its price as these two are different measures arrived at by different means. Investors typically determine if Miniso Group is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Miniso Group's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Miniso Group '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 Miniso Group'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 Miniso Group.
| 10/25/2023 |
| 12/18/2024 |
If you would invest 0.00 in Miniso Group on October 25, 2023 and sell it all today you would earn a total of 0.00 from holding Miniso Group Holding or generate 0.0% return on investment in Miniso Group over 420 days. Miniso Group is related to or competes with Leslies, Sally Beauty, ODP Corp, 1 800, Caseys General, National Vision, and Sportsmans. MINISO Group Holding Limited, an investment holding company, engages in the retail and wholesale of lifestyle and pop to... More
Miniso Group 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 Miniso Group'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 Miniso Group Holding upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.12 | |||
| Information Ratio | 0.1537 | |||
| Maximum Drawdown | 26.69 | |||
| Value At Risk | (7.35) | |||
| Potential Upside | 10.21 |
Miniso Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Miniso Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Miniso Group's standard deviation. In reality, there are many statistical measures that can use Miniso Group historical prices to predict the future Miniso Group's volatility.| Risk Adjusted Performance | 0.1349 | |||
| Jensen Alpha | 0.8862 | |||
| Total Risk Alpha | 0.7325 | |||
| Sortino Ratio | 0.1653 | |||
| Treynor Ratio | (0.78) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Miniso Group'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.
Miniso Group Holding Backtested Returns
Miniso Group appears to be not too volatile, given 3 months investment horizon. Miniso Group Holding has Sharpe Ratio of 0.13, which conveys that the firm had a 0.13% return per unit of risk over the last 3 months. By analyzing Miniso Group's technical indicators, you can evaluate if the expected return of 0.71% is justified by implied risk. Please exercise Miniso Group's Downside Deviation of 5.12, risk adjusted performance of 0.1349, and Mean Deviation of 4.19 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Miniso Group holds a performance score of 10. The company secures a Beta (Market Risk) of -1.11, which conveys a somewhat significant risk relative to the market. As the market becomes more bullish, returns on owning Miniso Group are expected to decrease slowly. On the other hand, during market turmoil, Miniso Group is expected to outperform it slightly. Please check Miniso Group's maximum drawdown, as well as the relationship between the expected short fall and rate of daily change , to make a quick decision on whether Miniso Group's current price movements will revert.
Auto-correlation | 0.66 |
Good predictability
Miniso Group Holding has good predictability. Overlapping area represents the amount of predictability between Miniso Group time series from 25th of October 2023 to 22nd of May 2024 and 22nd of May 2024 to 18th 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 Miniso Group Holding price movement. The serial correlation of 0.66 indicates that around 66.0% of current Miniso Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.66 | |
| Spearman Rank Test | -0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 7.66 |
Miniso Group Holding lagged returns against current returns
Autocorrelation, which is Miniso Group 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 Miniso Group's stock expected returns. We can calculate the autocorrelation of Miniso Group returns to help us make a trade decision. For example, suppose you find that Miniso Group 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 |
Miniso Group 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 Miniso Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Miniso Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Miniso Group stock over time.
Current vs Lagged Prices |
| Timeline |
Miniso Group Lagged Returns
When evaluating Miniso Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Miniso Group stock have on its future price. Miniso Group 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, Miniso Group autocorrelation shows the relationship between Miniso Group stock current value and its past values and can show if there is a momentum factor associated with investing in Miniso Group Holding.
Regressed Prices |
| Timeline |
Pair Trading with Miniso Group
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 Miniso Group 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 Miniso Group will appreciate offsetting losses from the drop in the long position's value.Moving together with Miniso Stock
Moving against Miniso Stock
| 0.68 | CAL | Continental | PairCorr |
| 0.66 | DLTH | Duluth Holdings | PairCorr |
| 0.66 | BGI | Birks Group | PairCorr |
| 0.63 | GNLN | Greenlane Holdings | PairCorr |
| 0.58 | BBY | Best Buy | PairCorr |
The ability to find closely correlated positions to Miniso Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Miniso Group 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 Miniso Group - 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 Miniso Group Holding to buy it.
The correlation of Miniso Group 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 Miniso Group moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Miniso Group Holding 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 Miniso Group 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.Check out Miniso Group Correlation, Miniso Group Volatility and Miniso Group Alpha and Beta module to complement your research on Miniso Group. You can also try the Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.
Miniso Group technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.