Mingzhu Logistics Holdings Stock Market Value
| YGMZ Stock | USD 0.67 0.02 2.90% |
| Symbol | Mingzhu |
Mingzhu Logistics Price To Book Ratio
Is Cargo Ground Transportation 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 Mingzhu Logistics. If investors know Mingzhu 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 Mingzhu Logistics 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 (0.52) | Earnings Share (2.00) | Revenue Per Share | Quarterly Revenue Growth (0.59) | Return On Assets |
The market value of Mingzhu Logistics is measured differently than its book value, which is the value of Mingzhu that is recorded on the company's balance sheet. Investors also form their own opinion of Mingzhu Logistics' value that differs from its market value or its book value, called intrinsic value, which is Mingzhu Logistics' 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 Mingzhu Logistics' market value can be influenced by many factors that don't directly affect Mingzhu Logistics' 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 Mingzhu Logistics' value and its price as these two are different measures arrived at by different means. Investors typically determine if Mingzhu Logistics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mingzhu Logistics' 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.
Mingzhu Logistics '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 Mingzhu Logistics' 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 Mingzhu Logistics.
| 01/27/2025 |
| 02/26/2025 |
If you would invest 0.00 in Mingzhu Logistics on January 27, 2025 and sell it all today you would earn a total of 0.00 from holding Mingzhu Logistics Holdings or generate 0.0% return on investment in Mingzhu Logistics over 30 days. Mingzhu Logistics is related to or competes with RXO, TFI International, Marten Transport, Werner Enterprises, Covenant Logistics, Universal Logistics, and Schneider National. MingZhu Logistics Holdings Limited, through its subsidiaries, provides trucking and delivery services using its truckloa... More
Mingzhu Logistics 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 Mingzhu Logistics' 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 Mingzhu Logistics Holdings upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 46.64 | |||
| Value At Risk | (11.21) | |||
| Potential Upside | 16.67 |
Mingzhu Logistics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mingzhu Logistics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mingzhu Logistics' standard deviation. In reality, there are many statistical measures that can use Mingzhu Logistics historical prices to predict the future Mingzhu Logistics' volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.52) | |||
| Total Risk Alpha | (0.57) | |||
| Treynor Ratio | (1.31) |
Mingzhu Logistics Backtested Returns
Mingzhu Logistics has Sharpe Ratio of -0.0687, which conveys that the firm had a -0.0687 % return per unit of risk over the last 3 months. Mingzhu Logistics exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Mingzhu Logistics' Risk Adjusted Performance of (0.04), mean deviation of 4.5, and Standard Deviation of 7.29 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.4, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Mingzhu Logistics' returns are expected to increase less than the market. However, during the bear market, the loss of holding Mingzhu Logistics is expected to be smaller as well. At this point, Mingzhu Logistics has a negative expected return of -0.53%. Please make sure to verify Mingzhu Logistics' treynor ratio, accumulation distribution, as well as the relationship between the Accumulation Distribution and period momentum indicator , to decide if Mingzhu Logistics performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.83 |
Very good predictability
Mingzhu Logistics Holdings has very good predictability. Overlapping area represents the amount of predictability between Mingzhu Logistics time series from 27th of January 2025 to 11th of February 2025 and 11th of February 2025 to 26th of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Mingzhu Logistics price movement. The serial correlation of 0.83 indicates that around 83.0% of current Mingzhu Logistics price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.83 | |
| Spearman Rank Test | 0.67 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Mingzhu Logistics lagged returns against current returns
Autocorrelation, which is Mingzhu Logistics 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 Mingzhu Logistics' stock expected returns. We can calculate the autocorrelation of Mingzhu Logistics returns to help us make a trade decision. For example, suppose you find that Mingzhu Logistics 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 |
Mingzhu Logistics 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 Mingzhu Logistics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mingzhu Logistics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mingzhu Logistics stock over time.
Current vs Lagged Prices |
| Timeline |
Mingzhu Logistics Lagged Returns
When evaluating Mingzhu Logistics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mingzhu Logistics stock have on its future price. Mingzhu Logistics 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, Mingzhu Logistics autocorrelation shows the relationship between Mingzhu Logistics stock current value and its past values and can show if there is a momentum factor associated with investing in Mingzhu Logistics Holdings.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Mingzhu Stock Analysis
When running Mingzhu Logistics' price analysis, check to measure Mingzhu Logistics' 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 Mingzhu Logistics is operating at the current time. Most of Mingzhu Logistics' value examination focuses on studying past and present price action to predict the probability of Mingzhu Logistics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mingzhu Logistics' price. Additionally, you may evaluate how the addition of Mingzhu Logistics to your portfolios can decrease your overall portfolio volatility.