MIND Price Book Value Ratio from 2010 to 2024

MNDO Stock  USD 1.98  0.02  1.00%   
MIND CTI Price Book Value Ratio yearly trend continues to be very stable with very little volatility. Price Book Value Ratio is likely to grow to 3.17 this year. During the period from 2010 to 2024, MIND CTI Price Book Value Ratio quarterly data regression pattern had sample variance of  44.97 and median of  2.22. View All Fundamentals
 
Price Book Value Ratio  
First Reported
2010-12-31
Previous Quarter
1.61383045
Current Value
3.17
Quarterly Volatility
6.70615384
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check MIND CTI financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among MIND CTI's main balance sheet or income statement drivers, such as Depreciation And Amortization of 381.5 K, Interest Expense of 16.1 K or Total Revenue of 20.2 M, as well as many indicators such as Price To Sales Ratio of 1.74, Dividend Yield of 0.1 or PTB Ratio of 3.17. MIND financial statements analysis is a perfect complement when working with MIND CTI Valuation or Volatility modules.
  
Check out the analysis of MIND CTI Correlation against competitors.
To learn how to invest in MIND Stock, please use our How to Invest in MIND CTI guide.

Latest MIND CTI's Price Book Value Ratio Growth Pattern

Below is the plot of the Price Book Value Ratio of MIND CTI over the last few years. It is MIND CTI's Price Book Value Ratio historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in MIND CTI's overall financial position and show how it may be relating to other accounts over time.
Price Book Value Ratio10 Years Trend
Slightly volatile
   Price Book Value Ratio   
       Timeline  

MIND Price Book Value Ratio Regression Statistics

Arithmetic Mean3.93
Geometric Mean2.55
Coefficient Of Variation170.49
Mean Deviation3.22
Median2.22
Standard Deviation6.71
Sample Variance44.97
Range26.5965
R-Value(0.41)
Mean Square Error40.18
R-Squared0.17
Significance0.13
Slope(0.62)
Total Sum of Squares629.61

MIND Price Book Value Ratio History

2024 3.17
2023 1.61
2022 1.77
2021 2.62
2020 2.23
2019 2.17
2018 2.1

About MIND CTI Financial Statements

MIND CTI investors utilize fundamental indicators, such as Price Book Value Ratio, to predict how MIND Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
Last ReportedProjected for Next Year
Price Book Value Ratio 1.61  3.17 

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

  0.68U Unity Software Buyout TrendPairCorr

Moving against MIND Stock

  0.52VERB VERB TECHNOLOGY PANYPairCorr
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.
Pair CorrelationCorrelation Matching
When determining whether MIND CTI offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of MIND CTI's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Mind Cti Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Mind Cti Stock:
Check out the analysis of MIND CTI Correlation against competitors.
To learn how to invest in MIND Stock, please use our How to Invest in MIND CTI guide.
You can also try the My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.
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.