Mincon Group (Ireland) Market Value
| MIO Stock | EUR 0.47 0.02 4.44% |
| Symbol | Mincon |
Mincon 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 Mincon 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 Mincon Group.
| 04/03/2024 |
| 05/03/2024 |
If you would invest 0.00 in Mincon Group on April 3, 2024 and sell it all today you would earn a total of 0.00 from holding Mincon Group P or generate 0.0% return on investment in Mincon Group over 30 days. Mincon Group is related to or competes with Irish Continental, Greencoat Renewables, Kingspan Group, Origin Enterprises, and Dalata Hotel. More
Mincon 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 Mincon 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 Mincon Group P upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 26.06 | |||
| Value At Risk | (8.16) | |||
| Potential Upside | 8.33 |
Mincon Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mincon Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mincon Group's standard deviation. In reality, there are many statistical measures that can use Mincon Group historical prices to predict the future Mincon Group's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.38) | |||
| Total Risk Alpha | (0.73) | |||
| Treynor Ratio | (7.34) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Mincon Group'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.
Mincon Group P Backtested Returns
Mincon Group P has Sharpe Ratio of -0.0787, which conveys that the firm had a -0.0787% return per unit of risk over the last 3 months. Mincon Group exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Mincon Group's Risk Adjusted Performance of (0.04), mean deviation of 2.96, and Standard Deviation of 4.92 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.052, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Mincon Group's returns are expected to increase less than the market. However, during the bear market, the loss of holding Mincon Group is expected to be smaller as well. Mincon Group P has an expected return of -0.4%. Please make sure to verify Mincon Group P maximum drawdown, kurtosis, day median price, as well as the relationship between the potential upside and daily balance of power , to decide if Mincon Group P performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.22 |
Weak predictability
Mincon Group P has weak predictability. Overlapping area represents the amount of predictability between Mincon Group time series from 3rd of April 2024 to 18th of April 2024 and 18th of April 2024 to 3rd of May 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 Mincon Group P price movement. The serial correlation of 0.22 indicates that over 22.0% of current Mincon Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.22 | |
| Spearman Rank Test | -0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Mincon Group P lagged returns against current returns
Autocorrelation, which is Mincon 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 Mincon Group's stock expected returns. We can calculate the autocorrelation of Mincon Group returns to help us make a trade decision. For example, suppose you find that Mincon 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 |
Mincon 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 Mincon Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mincon Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mincon Group stock over time.
Current vs Lagged Prices |
| Timeline |
Mincon Group Lagged Returns
When evaluating Mincon Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mincon Group stock have on its future price. Mincon 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, Mincon Group autocorrelation shows the relationship between Mincon Group stock current value and its past values and can show if there is a momentum factor associated with investing in Mincon Group P.
Regressed Prices |
| Timeline |
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Complementary Tools for Mincon Stock analysis
When running Mincon Group's price analysis, check to measure Mincon Group'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 Mincon Group is operating at the current time. Most of Mincon Group's value examination focuses on studying past and present price action to predict the probability of Mincon Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mincon Group's price. Additionally, you may evaluate how the addition of Mincon Group to your portfolios can decrease your overall portfolio volatility.
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Mincon Group 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.