MINISO GROUP's market value is the price at which a share of MINISO GROUP trades on a public exchange. It measures the collective expectations of MINISO GROUP A investors about its performance. MINISO GROUP is trading at 3.84 as of the 26th of November 2024. This is a 4.48% down since the beginning of the trading day. The stock's lowest day price was 3.84. With this module, you can estimate the performance of a buy and hold strategy of MINISO GROUP A and determine expected loss or profit from investing in MINISO GROUP over a given investment horizon. Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Symbol
MINISO
MINISO 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 MINISO 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 MINISO GROUP.
0.00
10/27/2024
No Change 0.00
0.0
In 31 days
11/26/2024
0.00
If you would invest 0.00 in MINISO GROUP on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding MINISO GROUP A or generate 0.0% return on investment in MINISO GROUP over 30 days.
MINISO 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 MINISO 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 MINISO GROUP A upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for MINISO GROUP's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MINISO GROUP's standard deviation. In reality, there are many statistical measures that can use MINISO GROUP historical prices to predict the future MINISO GROUP's volatility.
MINISO GROUP appears to be very risky, given 3 months investment horizon. MINISO GROUP A has Sharpe Ratio of 0.0654, which conveys that the firm had a 0.0654% return per unit of volatility over the last 3 months. We have found twenty-seven technical indicators for MINISO GROUP, which you can use to evaluate the volatility of the firm. Please exercise MINISO GROUP's mean deviation of 3.99, and Risk Adjusted Performance of 0.0534 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, MINISO GROUP holds a performance score of 5. The company secures a Beta (Market Risk) of -1.56, which conveys a somewhat significant risk relative to the market. As returns on the market increase, returns on owning MINISO GROUP are expected to decrease by larger amounts. On the other hand, during market turmoil, MINISO GROUP is expected to outperform it. Please check MINISO GROUP's sortino ratio, maximum drawdown, and the relationship between the total risk alpha and treynor ratio , to make a quick decision on whether MINISO GROUP's current price movements will revert.
Auto-correlation
-0.64
Very good reverse predictability
MINISO GROUP A has very good reverse predictability. Overlapping area represents the amount of predictability between MINISO GROUP time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 MINISO GROUP A price movement. The serial correlation of -0.64 indicates that roughly 64.0% of current MINISO GROUP price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.64
Spearman Rank Test
-0.02
Residual Average
0.0
Price Variance
0.02
MINISO GROUP A lagged returns against current returns
Autocorrelation, which is MINISO 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 MINISO GROUP's stock expected returns. We can calculate the autocorrelation of MINISO GROUP returns to help us make a trade decision. For example, suppose you find that MINISO 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
MINISO 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 MINISO GROUP stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MINISO GROUP stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MINISO GROUP stock over time.
Current vs Lagged Prices
Timeline
MINISO GROUP Lagged Returns
When evaluating MINISO GROUP's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MINISO GROUP stock have on its future price. MINISO 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, MINISO GROUP autocorrelation shows the relationship between MINISO GROUP stock current value and its past values and can show if there is a momentum factor associated with investing in MINISO GROUP A.