Mind Medicineinc Stock Technical Analysis
| MNMD Stock | USD 8.87 0.19 2.19% |
As of the 24th of April, Mind MedicineInc secures the Risk Adjusted Performance of 0.1271, mean deviation of 5.45, and Downside Deviation of 5.37. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Mind MedicineInc, as well as the relationship between them. Strictly speaking, you can use this information to find out if the firm will indeed mirror its model of past prices, or the prices will eventually revert. We have collected data for nineteen technical drivers for Mind MedicineInc, which can be compared to its peers in the industry. Please verify Mind MedicineInc treynor ratio, as well as the relationship between the downside variance and kurtosis to decide if Mind MedicineInc is priced some-what accurately, providing market reflects its recent price of 8.87 per share. Given that Mind MedicineInc has jensen alpha of 1.37, we recommend you to check Mind MedicineInc's last-minute market performance to make sure the company can sustain itself at a future point.
Mind MedicineInc Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Mind, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to MindMind |
Mind MedicineInc Analyst Consensus
| Target Price | Advice | # of Analysts | |
| 8.0 | Strong Buy | 4 | Odds |
Most Mind analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Mind stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Mind MedicineInc, talking to its executives and customers, or listening to Mind conference calls.
Mind MedicineInc 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.
Mind MedicineInc Technical Analysis
The output start index for this execution was eight with a total number of output elements of fifty-three. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Mind MedicineInc volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Mind MedicineInc Trend Analysis
Use this graph to draw trend lines for Mind MedicineInc. You can use it to identify possible trend reversals for Mind MedicineInc as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Mind MedicineInc price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Mind MedicineInc Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Mind MedicineInc applied against its price change over selected period. The best fit line has a slop of 0.13 , which means Mind MedicineInc will continue generating value for investors. It has 122 observation points and a regression sum of squares at 650.55, which is the sum of squared deviations for the predicted Mind MedicineInc price change compared to its average price change.About Mind MedicineInc Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Mind MedicineInc on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Mind MedicineInc based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Mind MedicineInc price pattern first instead of the macroeconomic environment surrounding Mind MedicineInc. By analyzing Mind MedicineInc's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Mind MedicineInc's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Mind MedicineInc specific price patterns or momentum indicators. Please read more on our technical analysis page.
| 2022 | 2024 (projected) | Net Debt To EBITDA | 1.91 | 1.08 | Intangibles To Total Assets | 0.14 | 0.13 |
Mind MedicineInc April 24, 2024 Technical Indicators
Most technical analysis of Mind help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Mind from various momentum indicators to cycle indicators. When you analyze Mind charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.1271 | |||
| Market Risk Adjusted Performance | 0.5041 | |||
| Mean Deviation | 5.45 | |||
| Semi Deviation | 4.3 | |||
| Downside Deviation | 5.37 | |||
| Coefficient Of Variation | 522.57 | |||
| Standard Deviation | 8.59 | |||
| Variance | 73.7 | |||
| Information Ratio | 0.181 | |||
| Jensen Alpha | 1.37 | |||
| Total Risk Alpha | 0.528 | |||
| Sortino Ratio | 0.2893 | |||
| Treynor Ratio | 0.4941 | |||
| Maximum Drawdown | 65.54 | |||
| Value At Risk | (7.71) | |||
| Potential Upside | 11.65 | |||
| Downside Variance | 28.85 | |||
| Semi Variance | 18.49 | |||
| Expected Short fall | (6.57) | |||
| Skewness | 3.1 | |||
| Kurtosis | 16.89 |
Mind MedicineInc April 24, 2024 Daily Trend Indicators
Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Mind stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
| Accumulation Distribution | 71,872 | ||
| Daily Balance Of Power | 0.34 | ||
| Rate Of Daily Change | 1.02 | ||
| Day Median Price | 9.07 | ||
| Day Typical Price | 9.00 | ||
| Price Action Indicator | (0.11) |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mind MedicineInc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population. For information on how to trade Mind Stock refer to our How to Trade Mind Stock guide.You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
Complementary Tools for Mind Stock analysis
When running Mind MedicineInc's price analysis, check to measure Mind MedicineInc'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 Mind MedicineInc is operating at the current time. Most of Mind MedicineInc's value examination focuses on studying past and present price action to predict the probability of Mind MedicineInc's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mind MedicineInc's price. Additionally, you may evaluate how the addition of Mind MedicineInc to your portfolios can decrease your overall portfolio volatility.
| Performance Analysis Check effects of mean-variance optimization against your current asset allocation | |
| Commodity Directory Find actively traded commodities issued by global exchanges | |
| Price Exposure Probability Analyze equity upside and downside potential for a given time horizon across multiple markets | |
| AI Investment Finder Use AI to screen and filter profitable investment opportunities | |
| Volatility Analysis Get historical volatility and risk analysis based on latest market data | |
| Sectors List of equity sectors categorizing publicly traded companies based on their primary business activities | |
| Aroon Oscillator Analyze current equity momentum using Aroon Oscillator and other momentum ratios | |
| Portfolio File Import Quickly import all of your third-party portfolios from your local drive in csv format | |
| Pattern Recognition Use different Pattern Recognition models to time the market across multiple global exchanges | |
| Bonds Directory Find actively traded corporate debentures issued by US companies | |
| Portfolio Manager State of the art Portfolio Manager to monitor and improve performance of your invested capital |
Is Mind MedicineInc's industry 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 Mind MedicineInc. If investors know Mind 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 Mind MedicineInc listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (2.44) | Return On Assets (0.40) | Return On Equity (0.84) |
The market value of Mind MedicineInc is measured differently than its book value, which is the value of Mind that is recorded on the company's balance sheet. Investors also form their own opinion of Mind MedicineInc's value that differs from its market value or its book value, called intrinsic value, which is Mind MedicineInc'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 Mind MedicineInc's market value can be influenced by many factors that don't directly affect Mind MedicineInc'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 Mind MedicineInc's value and its price as these two are different measures arrived at by different means. Investors typically determine if Mind MedicineInc is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mind MedicineInc'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.