Mind Cti Stock Market Value

MNDO Stock  USD 1.98  0.02  1.00%   
MIND CTI's market value is the price at which a share of MIND CTI trades on a public exchange. It measures the collective expectations of MIND CTI investors about its performance. MIND CTI is selling at 1.98 as of the 4th of December 2024; that is 1 percent decrease since the beginning of the trading day. The stock's open price was 2.0.
With this module, you can estimate the performance of a buy and hold strategy of MIND CTI and determine expected loss or profit from investing in MIND CTI over a given investment horizon. Check out MIND CTI Correlation, MIND CTI Volatility and MIND CTI Alpha and Beta module to complement your research on MIND CTI.
To learn how to invest in MIND Stock, please use our How to Invest in MIND CTI guide.
Symbol

MIND CTI Price To Book Ratio

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.

MIND CTI '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 MIND CTI'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 MIND CTI.
0.00
09/05/2024
No Change 0.00  0.0 
In 3 months and 1 day
12/04/2024
0.00
If you would invest  0.00  in MIND CTI on September 5, 2024 and sell it all today you would earn a total of 0.00 from holding MIND CTI or generate 0.0% return on investment in MIND CTI over 90 days. MIND CTI is related to or competes with RenoWorks Software, LifeSpeak, Aware, Research Solutions, NetSol Technologies, Adcore, and EzFill Holdings. Ltd., together with its subsidiaries, designs, develops, markets, supports, implements, and operates billing and custome... More

MIND CTI 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 MIND CTI'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 MIND CTI upside and downside potential and time the market with a certain degree of confidence.

MIND CTI Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for MIND CTI's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MIND CTI's standard deviation. In reality, there are many statistical measures that can use MIND CTI historical prices to predict the future MIND CTI's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of MIND CTI'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.
Hype
Prediction
LowEstimatedHigh
0.751.983.21
Details
Intrinsic
Valuation
LowRealHigh
0.601.833.06
Details
Naive
Forecast
LowNextHigh
0.792.013.24
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
1.961.982.00
Details

MIND CTI Backtested Returns

As of now, MIND Stock is moderately volatile. MIND CTI has Sharpe Ratio of 0.0986, which conveys that the firm had a 0.0986% return per unit of volatility over the last 3 months. We have found twenty-nine technical indicators for MIND CTI, which you can use to evaluate the volatility of the firm. Please verify MIND CTI's risk adjusted performance of 0.0722, and Mean Deviation of 0.8973 to check out if the risk estimate we provide is consistent with the expected return of 0.12%. MIND CTI has a performance score of 7 on a scale of 0 to 100. The company secures a Beta (Market Risk) of -0.0668, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning MIND CTI are expected to decrease at a much lower rate. During the bear market, MIND CTI is likely to outperform the market. MIND CTI currently secures a risk of 1.23%. Please verify MIND CTI expected short fall, and the relationship between the maximum drawdown and rate of daily change , to decide if MIND CTI will be following its current price movements.

Auto-correlation

    
  0.08  

Virtually no predictability

MIND CTI has virtually no predictability. Overlapping area represents the amount of predictability between MIND CTI time series from 5th of September 2024 to 20th of October 2024 and 20th of October 2024 to 4th of December 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 MIND CTI price movement. The serial correlation of 0.08 indicates that barely 8.0% of current MIND CTI price fluctuation can be explain by its past prices.
Correlation Coefficient0.08
Spearman Rank Test0.43
Residual Average0.0
Price Variance0.0

MIND CTI lagged returns against current returns

Autocorrelation, which is MIND CTI 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 MIND CTI's stock expected returns. We can calculate the autocorrelation of MIND CTI returns to help us make a trade decision. For example, suppose you find that MIND CTI 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  

MIND CTI 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 MIND CTI stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MIND CTI stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MIND CTI stock over time.
   Current vs Lagged Prices   
       Timeline  

MIND CTI Lagged Returns

When evaluating MIND CTI's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MIND CTI stock have on its future price. MIND CTI 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, MIND CTI autocorrelation shows the relationship between MIND CTI stock current value and its past values and can show if there is a momentum factor associated with investing in MIND CTI.
   Regressed Prices   
       Timeline  

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 MIND CTI Correlation, MIND CTI Volatility and MIND CTI Alpha and Beta module to complement your research on MIND CTI.
To learn how to invest in MIND Stock, please use our How to Invest in MIND CTI guide.
You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.
MIND CTI 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.
A focus of MIND CTI technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of MIND CTI trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...