Minerals Technologies Stock Market Value
| MTX Stock | USD 72.89 2.16 2.88% |
| Symbol | Minerals |
Minerals Technologies Price To Book Ratio
Is Minerals Technologies' industry 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 Minerals Technologies. If investors know Minerals 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 Minerals Technologies 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 0.265 | Dividend Share 0.3 | Earnings Share 2.88 | Revenue Per Share 66.512 | Quarterly Revenue Growth (0.02) |
The market value of Minerals Technologies is measured differently than its book value, which is the value of Minerals that is recorded on the company's balance sheet. Investors also form their own opinion of Minerals Technologies' value that differs from its market value or its book value, called intrinsic value, which is Minerals Technologies' 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 Minerals Technologies' market value can be influenced by many factors that don't directly affect Minerals Technologies' 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 Minerals Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Minerals Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Minerals Technologies' 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.
Minerals Technologies '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 Minerals Technologies' 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 Minerals Technologies.
| 04/01/2024 |
| 05/01/2024 |
If you would invest 0.00 in Minerals Technologies on April 1, 2024 and sell it all today you would earn a total of 0.00 from holding Minerals Technologies or generate 0.0% return on investment in Minerals Technologies over 30 days. Minerals Technologies is related to or competes with Orion Engineered, Sociedad Quimica, and Oil Dri. Minerals Technologies Inc. develops, produces, and markets various specialty mineral, mineral-based, and synthetic miner... More
Minerals Technologies 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 Minerals Technologies' 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 Minerals Technologies upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.34 | |||
| Information Ratio | 0.1064 | |||
| Maximum Drawdown | 6.49 | |||
| Value At Risk | (1.89) | |||
| Potential Upside | 2.56 |
Minerals Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Minerals Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Minerals Technologies' standard deviation. In reality, there are many statistical measures that can use Minerals Technologies historical prices to predict the future Minerals Technologies' volatility.| Risk Adjusted Performance | 0.1014 | |||
| Jensen Alpha | 0.2039 | |||
| Total Risk Alpha | 0.0895 | |||
| Sortino Ratio | 0.1085 | |||
| Treynor Ratio | (1.05) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Minerals Technologies' 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.
Minerals Technologies Backtested Returns
We consider Minerals Technologies very steady. Minerals Technologies has Sharpe Ratio of 0.11, which conveys that the firm had a 0.11% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Minerals Technologies, which you can use to evaluate the volatility of the firm. Please verify Minerals Technologies' Mean Deviation of 1.07, downside deviation of 1.34, and Risk Adjusted Performance of 0.1014 to check out if the risk estimate we provide is consistent with the expected return of 0.16%. Minerals Technologies has a performance score of 8 on a scale of 0 to 100. The company secures a Beta (Market Risk) of -0.18, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Minerals Technologies are expected to decrease at a much lower rate. During the bear market, Minerals Technologies is likely to outperform the market. Minerals Technologies right now secures a risk of 1.42%. Please verify Minerals Technologies value at risk, as well as the relationship between the kurtosis and price action indicator , to decide if Minerals Technologies will be following its current price movements.
Auto-correlation | -0.8 |
Almost perfect reverse predictability
Minerals Technologies has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Minerals Technologies time series from 1st of April 2024 to 16th of April 2024 and 16th of April 2024 to 1st 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 Minerals Technologies price movement. The serial correlation of -0.8 indicates that around 80.0% of current Minerals Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.8 | |
| Spearman Rank Test | -0.69 | |
| Residual Average | 0.0 | |
| Price Variance | 1.51 |
Minerals Technologies lagged returns against current returns
Autocorrelation, which is Minerals Technologies 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 Minerals Technologies' stock expected returns. We can calculate the autocorrelation of Minerals Technologies returns to help us make a trade decision. For example, suppose you find that Minerals Technologies 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 |
Minerals Technologies 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 Minerals Technologies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Minerals Technologies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Minerals Technologies stock over time.
Current vs Lagged Prices |
| Timeline |
Minerals Technologies Lagged Returns
When evaluating Minerals Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Minerals Technologies stock have on its future price. Minerals Technologies 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, Minerals Technologies autocorrelation shows the relationship between Minerals Technologies stock current value and its past values and can show if there is a momentum factor associated with investing in Minerals Technologies.
Regressed Prices |
| Timeline |
Minerals Technologies Investors Sentiment
The influence of Minerals Technologies' investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Minerals. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Minerals Technologies' public news can be used to forecast risks associated with an investment in Minerals. The trend in average sentiment can be used to explain how an investor holding Minerals can time the market purely based on public headlines and social activities around Minerals Technologies. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Minerals Technologies' market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Minerals Technologies' and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Minerals Technologies' news discussions. The higher the estimated score, the more favorable is the investor's outlook on Minerals Technologies.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Minerals Technologies in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Minerals Technologies' short interest history, or implied volatility extrapolated from Minerals Technologies options trading.
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Try AI Portfolio ArchitectCheck out Minerals Technologies Correlation, Minerals Technologies Volatility and Minerals Technologies Alpha and Beta module to complement your research on Minerals Technologies. For more information on how to buy Minerals Stock please use our How to Invest in Minerals Technologies guide.You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
Complementary Tools for Minerals Stock analysis
When running Minerals Technologies' price analysis, check to measure Minerals Technologies' 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 Minerals Technologies is operating at the current time. Most of Minerals Technologies' value examination focuses on studying past and present price action to predict the probability of Minerals Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Minerals Technologies' price. Additionally, you may evaluate how the addition of Minerals Technologies to your portfolios can decrease your overall portfolio volatility.
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Minerals Technologies 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.