Mingzhu Logistics Holdings Stock Market Value
| YGMZ Stock | USD 1.08 0.03 2.70% |
| 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 0.08 | Revenue Per Share 27.703 | Quarterly Revenue Growth (0.07) | Return On Assets 0.0047 |
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.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Mingzhu Logistics on October 31, 2024 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.
| Downside Deviation | 4.76 | |||
| Information Ratio | 0.0083 | |||
| Maximum Drawdown | 38.07 | |||
| Value At Risk | (7.48) | |||
| Potential Upside | 10.29 |
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 | 0.0332 | |||
| Jensen Alpha | 0.2641 | |||
| Total Risk Alpha | (0.79) | |||
| Sortino Ratio | 0.01 | |||
| Treynor Ratio | (0.25) |
Mingzhu Logistics Backtested Returns
At this stage we consider Mingzhu Stock to be abnormally volatile. Mingzhu Logistics has Sharpe Ratio of 0.0227, which conveys that the firm had a 0.0227% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Mingzhu Logistics, which you can use to evaluate the volatility of the firm. Please verify Mingzhu Logistics' Downside Deviation of 4.76, risk adjusted performance of 0.0332, and Mean Deviation of 3.85 to check out if the risk estimate we provide is consistent with the expected return of 0.13%. Mingzhu Logistics has a performance score of 1 on a scale of 0 to 100. The company secures a Beta (Market Risk) of -0.7, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Mingzhu Logistics are expected to decrease at a much lower rate. During the bear market, Mingzhu Logistics is likely to outperform the market. Mingzhu Logistics right now secures a risk of 5.89%. Please verify Mingzhu Logistics Holdings potential upside, as well as the relationship between the accumulation distribution and period momentum indicator , to decide if Mingzhu Logistics Holdings will be following its current price movements.
Auto-correlation | 0.73 |
Good predictability
Mingzhu Logistics Holdings has good predictability. Overlapping area represents the amount of predictability between Mingzhu Logistics time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 Mingzhu Logistics price movement. The serial correlation of 0.73 indicates that around 73.0% of current Mingzhu Logistics price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.73 | |
| Spearman Rank Test | 0.75 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
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.