Mind Cti Stock Market Value
| MNDO Stock | USD 1.98 0.02 1.02% |
| Symbol | MIND |
MIND CTI Price To Book Ratio
Is Application Software 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 MIND CTI. 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 CTI 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 (0.33) | Earnings Share 0.23 | Revenue Per Share 1.079 | Quarterly Revenue Growth (0.01) | Return On Assets 0.0874 |
The market value of MIND CTI 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 CTI's value that differs from its market value or its book value, called intrinsic value, which is MIND CTI'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 CTI's market value can be influenced by many factors that don't directly affect MIND CTI'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 CTI's value and its price as these two are different measures arrived at by different means. Investors typically determine if MIND CTI is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MIND CTI'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.
MIND CTI '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 MIND CTI'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 MIND CTI.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in MIND CTI on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding MIND CTI or generate 0.0% return on investment in MIND CTI over 30 days. MIND CTI is related to or competes with OLB. Ltd., together with its subsidiaries, designs, develops, markets, supports, implements, and operates billing and custome... More
MIND CTI 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 MIND CTI'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 MIND CTI upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.39 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 5.56 | |||
| Value At Risk | (1.99) | |||
| Potential Upside | 2.12 |
MIND CTI Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MIND CTI's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MIND CTI's standard deviation. In reality, there are many statistical measures that can use MIND CTI historical prices to predict the future MIND CTI's volatility.| Risk Adjusted Performance | 0.0647 | |||
| Jensen Alpha | 0.0993 | |||
| Total Risk Alpha | (0.1) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | (0.67) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of MIND CTI'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.
MIND CTI Backtested Returns
As of now, MIND Stock is moderately volatile. MIND CTI has Sharpe Ratio of 0.0681, which conveys that the firm had a 0.0681% return per unit of volatility over the last 3 months. We have found twenty-eight technical indicators for MIND CTI, which you can use to evaluate the volatility of the firm. Please verify MIND CTI's risk adjusted performance of 0.0647, and Mean Deviation of 0.8774 to check out if the risk estimate we provide is consistent with the expected return of 0.0817%. MIND CTI has a performance score of 5 on a scale of 0 to 100. The company secures a Beta (Market Risk) of -0.13, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning MIND CTI are expected to decrease at a much lower rate. During the bear market, MIND CTI is likely to outperform the market. MIND CTI currently secures a risk of 1.2%. Please verify MIND CTI maximum drawdown, as well as the relationship between the expected short fall and rate of daily change , to decide if MIND CTI will be following its current price movements.
Auto-correlation | -0.06 |
Very weak reverse predictability
MIND CTI has very weak reverse predictability. Overlapping area represents the amount of predictability between MIND CTI 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 MIND CTI price movement. The serial correlation of -0.06 indicates that barely 6.0% of current MIND CTI price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.06 | |
| Spearman Rank Test | -0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
MIND CTI lagged returns against current returns
Autocorrelation, which is MIND CTI 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 MIND CTI's stock expected returns. We can calculate the autocorrelation of MIND CTI returns to help us make a trade decision. For example, suppose you find that MIND CTI 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 |
MIND CTI 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 MIND CTI stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MIND CTI stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MIND CTI stock over time.
Current vs Lagged Prices |
| Timeline |
MIND CTI Lagged Returns
When evaluating MIND CTI's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MIND CTI stock have on its future price. MIND CTI 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, MIND CTI autocorrelation shows the relationship between MIND CTI stock current value and its past values and can show if there is a momentum factor associated with investing in MIND CTI.
Regressed Prices |
| Timeline |
Pair Trading with MIND CTI
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 MIND CTI 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 MIND CTI will appreciate offsetting losses from the drop in the long position's value.Moving together with MIND Stock
Moving against MIND Stock
| 0.74 | EGAN | eGain | PairCorr |
| 0.65 | VERB | VERB TECHNOLOGY PANY Trending | PairCorr |
| 0.4 | DV | DoubleVerify Holdings | PairCorr |
| 0.39 | VCSA | Vacasa Inc Upward Rally | PairCorr |
The ability to find closely correlated positions to MIND CTI could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace MIND CTI 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 MIND CTI - 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 MIND CTI to buy it.
The correlation of MIND CTI 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 MIND CTI moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if MIND CTI 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 MIND CTI 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 MIND CTI Correlation, MIND CTI Volatility and MIND CTI Alpha and Beta module to complement your research on MIND CTI. To learn how to invest in MIND Stock, please use our How to Invest in MIND CTI guide.You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
MIND CTI 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.