Mingteng International Stock Technical Analysis
| MTEN Stock | 4.38 0.02 0.45% |
As of the 11th of October 2024, Mingteng International secures the Risk Adjusted Performance of 0.1743, mean deviation of 3.65, and Downside Deviation of 4.85. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Mingteng International, as well as the relationship between them.
Mingteng International Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Mingteng, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to MingtengMingteng |
Mingteng International 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.
Mingteng International Technical Analysis
The output start index for this execution was thirty-six with a total number of output elements of twenty-five. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Mingteng International volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Mingteng International Trend Analysis
Use this graph to draw trend lines for Mingteng International. You can use it to identify possible trend reversals for Mingteng International as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Mingteng International price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Mingteng International Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Mingteng International applied against its price change over selected period. The best fit line has a slop of 0.02 , which means Mingteng International will continue generating value for investors. It has 122 observation points and a regression sum of squares at 15.49, which is the sum of squared deviations for the predicted Mingteng International price change compared to its average price change.About Mingteng International Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Mingteng International on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Mingteng International based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Mingteng International price pattern first instead of the macroeconomic environment surrounding Mingteng International. By analyzing Mingteng International's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Mingteng International's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Mingteng International specific price patterns or momentum indicators. Please read more on our technical analysis page.
| 2023 | 2024 (projected) | Dividend Yield | 0.002689 | 0.00239 | Price To Sales Ratio | 15.2 | 19.81 |
Mingteng International October 11, 2024 Technical Indicators
Most technical analysis of Mingteng help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Mingteng from various momentum indicators to cycle indicators. When you analyze Mingteng charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
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| Math Transform | ||
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| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
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| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.1743 | |||
| Market Risk Adjusted Performance | 1.37 | |||
| Mean Deviation | 3.65 | |||
| Semi Deviation | 3.91 | |||
| Downside Deviation | 4.85 | |||
| Coefficient Of Variation | 495.65 | |||
| Standard Deviation | 5.31 | |||
| Variance | 28.15 | |||
| Information Ratio | 0.1821 | |||
| Jensen Alpha | 0.9873 | |||
| Total Risk Alpha | 0.4525 | |||
| Sortino Ratio | 0.1993 | |||
| Treynor Ratio | 1.36 | |||
| Maximum Drawdown | 30.96 | |||
| Value At Risk | (6.90) | |||
| Potential Upside | 8.93 | |||
| Downside Variance | 23.51 | |||
| Semi Variance | 15.29 | |||
| Expected Short fall | (4.20) | |||
| Skewness | 0.5151 | |||
| Kurtosis | 2.65 |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mingteng International. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income. To learn how to invest in Mingteng Stock, please use our How to Invest in Mingteng International guide.You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.
Is Automotive Parts & Equipment 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 Mingteng International. If investors know Mingteng 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 Mingteng International 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 (0.18) | Earnings Share 0.25 | Revenue Per Share 1.632 | Quarterly Revenue Growth 0.115 | Return On Assets 0.1048 |
The market value of Mingteng International is measured differently than its book value, which is the value of Mingteng that is recorded on the company's balance sheet. Investors also form their own opinion of Mingteng International's value that differs from its market value or its book value, called intrinsic value, which is Mingteng International'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 Mingteng International's market value can be influenced by many factors that don't directly affect Mingteng International'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 Mingteng International's value and its price as these two are different measures arrived at by different means. Investors typically determine if Mingteng International is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mingteng International'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.