Minco Capital Corp Stock Market Value
| MMM Stock | CAD 0.05 0.00 0.00% |
| Symbol | Minco |
Minco Capital '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 Minco Capital'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 Minco Capital.
| 12/05/2022 |
| 11/24/2024 |
If you would invest 0.00 in Minco Capital on December 5, 2022 and sell it all today you would earn a total of 0.00 from holding Minco Capital Corp or generate 0.0% return on investment in Minco Capital over 720 days. Minco Capital is related to or competes with Highwood Asset, Questor Technology, Data Communications, Doman Building, Renoworks Software, and AGF Management. The company was formerly known as Minco Gold Corporation and changed its name to Minco Capital Corp More
Minco Capital 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 Minco Capital'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 Minco Capital Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 36.67 |
Minco Capital Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Minco Capital's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Minco Capital's standard deviation. In reality, there are many statistical measures that can use Minco Capital historical prices to predict the future Minco Capital's volatility.| Risk Adjusted Performance | 0.0253 | |||
| Jensen Alpha | 0.1001 | |||
| Total Risk Alpha | (0.63) | |||
| Treynor Ratio | (1.22) |
Minco Capital Corp Backtested Returns
At this stage we consider Minco Stock to be out of control. Minco Capital Corp has Sharpe Ratio of 0.0225, which conveys that the firm had a 0.0225% return per unit of risk over the last 3 months. We have found seventeen technical indicators for Minco Capital, which you can use to evaluate the volatility of the firm. Please verify Minco Capital's Standard Deviation of 4.57, mean deviation of 1.21, and Risk Adjusted Performance of 0.0253 to check out if the risk estimate we provide is consistent with the expected return of 0.1%. Minco Capital has a performance score of 1 on a scale of 0 to 100. The company secures a Beta (Market Risk) of -0.0749, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Minco Capital are expected to decrease at a much lower rate. During the bear market, Minco Capital is likely to outperform the market. Minco Capital Corp right now secures a risk of 4.64%. Please verify Minco Capital Corp information ratio, kurtosis, as well as the relationship between the Kurtosis and relative strength index , to decide if Minco Capital Corp will be following its current price movements.
Auto-correlation | -0.14 |
Insignificant reverse predictability
Minco Capital Corp has insignificant reverse predictability. Overlapping area represents the amount of predictability between Minco Capital time series from 5th of December 2022 to 30th of November 2023 and 30th of November 2023 to 24th 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 Minco Capital Corp price movement. The serial correlation of -0.14 indicates that less than 14.0% of current Minco Capital price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.14 | |
| Spearman Rank Test | 0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Minco Capital Corp lagged returns against current returns
Autocorrelation, which is Minco Capital 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 Minco Capital's stock expected returns. We can calculate the autocorrelation of Minco Capital returns to help us make a trade decision. For example, suppose you find that Minco Capital 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 |
Minco Capital 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 Minco Capital stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Minco Capital stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Minco Capital stock over time.
Current vs Lagged Prices |
| Timeline |
Minco Capital Lagged Returns
When evaluating Minco Capital's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Minco Capital stock have on its future price. Minco Capital 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, Minco Capital autocorrelation shows the relationship between Minco Capital stock current value and its past values and can show if there is a momentum factor associated with investing in Minco Capital Corp.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Minco Stock Analysis
When running Minco Capital's price analysis, check to measure Minco Capital'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 Minco Capital is operating at the current time. Most of Minco Capital's value examination focuses on studying past and present price action to predict the probability of Minco Capital's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Minco Capital's price. Additionally, you may evaluate how the addition of Minco Capital to your portfolios can decrease your overall portfolio volatility.