Minor International (Thailand) Market Value
| MINT Stock | THB 31.00 1.25 4.20% |
| 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.
| 04/17/2024 |
| 06/16/2024 |
If you would invest 0.00 in Minor International on April 17, 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 60 days. Minor International is related to or competes with CK Power, Thai Metal, SPCG Public, Heng Leasing, Steel Public, Srisawad Capital, and TRC Construction. 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.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 6.31 | |||
| Value At Risk | (2.17) | |||
| Potential Upside | 3.1 |
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 | 0.004 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.07) | |||
| Treynor Ratio | 0.0801 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Minor 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.
Minor International Backtested Returns
Minor International has Sharpe Ratio of -0.0563, which conveys that the firm had a -0.0563% return per unit of risk over the last 3 months. Minor International exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Minor International's Risk Adjusted Performance of 0.004, standard deviation of 1.42, and Mean Deviation of 1.14 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, 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. At this point, Minor International has a negative expected return of -0.0935%. Please make sure to verify Minor International's treynor ratio, value at risk, skewness, as well as the relationship between the maximum drawdown and potential upside , to decide if Minor International performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.7 |
Very good reverse predictability
Minor International Public has very good reverse predictability. Overlapping area represents the amount of predictability between Minor International time series from 17th of April 2024 to 17th of May 2024 and 17th of May 2024 to 16th of June 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 -0.7 indicates that around 70.0% of current Minor International price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.7 | |
| Spearman Rank Test | -0.64 | |
| Residual Average | 0.0 | |
| Price Variance | 0.66 |
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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Other Information on Investing in Minor Stock
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.