MINCON GROUP (Germany) Market Value
| MIO Stock | EUR 0.44 0.05 10.20% |
| Symbol | MINCON |
MINCON 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 MINCON 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 MINCON GROUP.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in MINCON GROUP on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding MINCON GROUP PLC or generate 0.0% return on investment in MINCON GROUP over 30 days. MINCON GROUP is related to or competes with Fevertree Drinks, Austevoll Seafood, Shenandoah Telecommunicatio, COFCO Joycome, Mobilezone Holding, Consolidated Communications, and MAVEN WIRELESS. Mincon Group plc designs, manufactures, sells, and services rock drilling tools and associated products worldwide More
MINCON 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 MINCON 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 MINCON GROUP PLC upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 14.25 | |||
| Information Ratio | 0.0124 | |||
| Maximum Drawdown | 79.06 | |||
| Value At Risk | (10.91) | |||
| Potential Upside | 14.58 |
MINCON GROUP Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MINCON GROUP's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MINCON GROUP's standard deviation. In reality, there are many statistical measures that can use MINCON GROUP historical prices to predict the future MINCON GROUP's volatility.| Risk Adjusted Performance | 0.0208 | |||
| Jensen Alpha | 0.1418 | |||
| Total Risk Alpha | (0.89) | |||
| Sortino Ratio | 0.01 | |||
| Treynor Ratio | 0.198 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of MINCON 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.
MINCON GROUP PLC Backtested Returns
MINCON GROUP appears to be out of control, given 3 months investment horizon. MINCON GROUP PLC has Sharpe Ratio of 0.0184, which conveys that the firm had a 0.0184% return per unit of volatility over the last 3 months. We have found twenty-seven technical indicators for MINCON GROUP, which you can use to evaluate the volatility of the firm. Please exercise MINCON GROUP's mean deviation of 4.75, and Risk Adjusted Performance of 0.0208 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, MINCON GROUP holds a performance score of 1. The company secures a Beta (Market Risk) of 1.02, which conveys a somewhat significant risk relative to the market. MINCON GROUP returns are very sensitive to returns on the market. As the market goes up or down, MINCON GROUP is expected to follow. Please check MINCON GROUP's total risk alpha, value at risk, expected short fall, as well as the relationship between the treynor ratio and downside variance , to make a quick decision on whether MINCON GROUP's current price movements will revert.
Auto-correlation | 0.77 |
Good predictability
MINCON GROUP PLC has good predictability. Overlapping area represents the amount of predictability between MINCON GROUP time series from 20th of March 2024 to 4th of April 2024 and 4th of April 2024 to 19th of April 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 MINCON GROUP PLC price movement. The serial correlation of 0.77 indicates that around 77.0% of current MINCON GROUP price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.77 | |
| Spearman Rank Test | -0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
MINCON GROUP PLC lagged returns against current returns
Autocorrelation, which is MINCON 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 MINCON GROUP's stock expected returns. We can calculate the autocorrelation of MINCON GROUP returns to help us make a trade decision. For example, suppose you find that MINCON 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 |
MINCON 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 MINCON GROUP stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MINCON GROUP stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MINCON GROUP stock over time.
Current vs Lagged Prices |
| Timeline |
MINCON GROUP Lagged Returns
When evaluating MINCON GROUP's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MINCON GROUP stock have on its future price. MINCON 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, MINCON GROUP autocorrelation shows the relationship between MINCON GROUP stock current value and its past values and can show if there is a momentum factor associated with investing in MINCON GROUP PLC.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards MINCON GROUP in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, MINCON GROUP's short interest history, or implied volatility extrapolated from MINCON GROUP options trading.
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Complementary Tools for MINCON Stock analysis
When running MINCON GROUP's price analysis, check to measure MINCON GROUP's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy MINCON GROUP is operating at the current time. Most of MINCON GROUP's value examination focuses on studying past and present price action to predict the probability of MINCON GROUP's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move MINCON GROUP's price. Additionally, you may evaluate how the addition of MINCON GROUP to your portfolios can decrease your overall portfolio volatility.
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MINCON 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.