Mingteng Pe Ratio from 2010 to 2024
| MTEN Stock | 5.68 0.25 4.22% |
PE Ratio | First Reported 2010-12-31 | Previous Quarter 11.61477187 | Current Value 11.03 | Quarterly Volatility 17.64259584 |
Check Mingteng International financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Mingteng International's main balance sheet or income statement drivers, such as Tax Provision of 329.1 K, Interest Income of 3.7 K or Depreciation And Amortization of 425.1 K, as well as many indicators such as Price To Sales Ratio of 2.04, Dividend Yield of 0.0024 or PTB Ratio of 2.23. Mingteng financial statements analysis is a perfect complement when working with Mingteng International Valuation or Volatility modules.
Mingteng | Pe Ratio |
Latest Mingteng International's Pe Ratio Growth Pattern
Below is the plot of the Pe Ratio of Mingteng International over the last few years. It is Mingteng International's PE Ratio historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Mingteng International's overall financial position and show how it may be relating to other accounts over time.
| Pe Ratio | 10 Years Trend |
|
Pe Ratio |
| Timeline |
Mingteng Pe Ratio Regression Statistics
| Arithmetic Mean | 53.17 | |
| Geometric Mean | 47.60 | |
| Coefficient Of Variation | 33.18 | |
| Mean Deviation | 12.45 | |
| Median | 61.47 | |
| Standard Deviation | 17.64 | |
| Sample Variance | 311.26 | |
| Range | 50.4393 | |
| R-Value | (0.68) | |
| Mean Square Error | 178.55 | |
| R-Squared | 0.47 | |
| Significance | 0 | |
| Slope | (2.70) | |
| Total Sum of Squares | 4,358 |
Mingteng Pe Ratio History
About Mingteng International Financial Statements
Mingteng International investors utilize fundamental indicators, such as Pe Ratio, to predict how Mingteng Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| PE Ratio | 11.61 | 11.03 |
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 against Mingteng Stock
| 0.57 | LEA | Lear | PairCorr |
| 0.5 | FOXF | Fox Factory Holding | PairCorr |
| 0.47 | DAN | Dana Inc Buyout Trend | PairCorr |
| 0.47 | GTX | Garrett Motion | PairCorr |
| 0.41 | VLCN | Volcon 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 the analysis of Mingteng International Correlation against competitors. To learn how to invest in Mingteng Stock, please use our How to Invest in Mingteng International guide.You can also try the My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.
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.