Mingteng International Stock Market Value
| MTEN Stock | 5.96 0.42 7.58% |
| Symbol | Mingteng |
Mingteng International Price To Book Ratio
Is Automotive Parts & Equipment 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 Mingteng International. If investors know Mingteng 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 Mingteng International 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 (0.18) | Earnings Share 0.09 | Revenue Per Share 1.749 | Quarterly Revenue Growth 0.267 | Return On Assets 0.0407 |
The market value of Mingteng International is measured differently than its book value, which is the value of Mingteng that is recorded on the company's balance sheet. Investors also form their own opinion of Mingteng International's value that differs from its market value or its book value, called intrinsic value, which is Mingteng International'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 Mingteng International's market value can be influenced by many factors that don't directly affect Mingteng International'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 Mingteng International's value and its price as these two are different measures arrived at by different means. Investors typically determine if Mingteng International is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mingteng International'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.
Mingteng 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 Mingteng 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 Mingteng International.
| 01/09/2023 |
| 11/29/2024 |
If you would invest 0.00 in Mingteng International on January 9, 2023 and sell it all today you would earn a total of 0.00 from holding Mingteng International or generate 0.0% return on investment in Mingteng International over 690 days. Mingteng International is related to or competes with Pekin Life, Trupanion, Palomar Holdings, MGIC Investment, Anheuser Busch, Fevertree Drinks, and Sun Life. Mingteng International is entity of United States More
Mingteng 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 Mingteng 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 Mingteng International upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 7.73 | |||
| Information Ratio | 0.0332 | |||
| Maximum Drawdown | 63.07 | |||
| Value At Risk | (11.95) | |||
| Potential Upside | 13.68 |
Mingteng International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mingteng International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mingteng International's standard deviation. In reality, there are many statistical measures that can use Mingteng International historical prices to predict the future Mingteng International's volatility.| Risk Adjusted Performance | 0.0449 | |||
| Jensen Alpha | 0.5569 | |||
| Total Risk Alpha | (0.99) | |||
| Sortino Ratio | 0.0403 | |||
| Treynor Ratio | (0.38) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Mingteng International'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.
Mingteng International Backtested Returns
Mingteng International appears to be very risky, given 3 months investment horizon. Mingteng International has Sharpe Ratio of 0.0834, which conveys that the firm had a 0.0834% return per unit of risk over the last 3 months. By analyzing Mingteng International's technical indicators, you can evaluate if the expected return of 0.79% is justified by implied risk. Please exercise Mingteng International's Mean Deviation of 5.0, risk adjusted performance of 0.0449, and Downside Deviation of 7.73 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Mingteng International holds a performance score of 6. The company secures a Beta (Market Risk) of -1.12, which conveys a somewhat significant risk relative to the market. As the market becomes more bullish, returns on owning Mingteng International are expected to decrease slowly. On the other hand, during market turmoil, Mingteng International is expected to outperform it slightly. Please check Mingteng International'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 Mingteng International's current price movements will revert.
Auto-correlation | 0.00 |
No correlation between past and present
Mingteng International has no correlation between past and present. Overlapping area represents the amount of predictability between Mingteng International time series from 9th of January 2023 to 20th of December 2023 and 20th of December 2023 to 29th 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 Mingteng International price movement. The serial correlation of 0.0 indicates that just 0.0% of current Mingteng International price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Mingteng International lagged returns against current returns
Autocorrelation, which is Mingteng 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 Mingteng International's stock expected returns. We can calculate the autocorrelation of Mingteng International returns to help us make a trade decision. For example, suppose you find that Mingteng 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 |
Mingteng 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 Mingteng International stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mingteng International stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mingteng International stock over time.
Current vs Lagged Prices |
| Timeline |
Mingteng International Lagged Returns
When evaluating Mingteng International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mingteng International stock have on its future price. Mingteng 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, Mingteng International autocorrelation shows the relationship between Mingteng International stock current value and its past values and can show if there is a momentum factor associated with investing in Mingteng International.
Regressed Prices |
| Timeline |
Pair Trading with Mingteng International
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 Mingteng International 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 Mingteng International will appreciate offsetting losses from the drop in the long position's value.Moving together with Mingteng Stock
| 0.61 | GM | General Motors Aggressive Push | PairCorr |
Moving against Mingteng Stock
| 0.66 | LCID | Lucid Group Aggressive Push | PairCorr |
| 0.65 | HOG | Harley Davidson | PairCorr |
| 0.54 | GV | Visionary Education | PairCorr |
| 0.5 | FOXF | Fox Factory Holding | PairCorr |
| 0.48 | AYRO | AYRO Inc | PairCorr |
The ability to find closely correlated positions to Mingteng International could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Mingteng International 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 Mingteng International - 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 Mingteng International to buy it.
The correlation of Mingteng International 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 Mingteng International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Mingteng International 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 Mingteng International 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 Mingteng International Correlation, Mingteng International Volatility and Mingteng International Alpha and Beta module to complement your research on Mingteng International. To learn how to invest in Mingteng Stock, please use our How to Invest in Mingteng International guide.You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.
Mingteng International 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.