Mastec Inc Stock Market Value
| MTZ Stock | USD 82.82 1.84 2.17% |
| Symbol | MasTec |
MasTec Inc Price To Book Ratio
Is MasTec's 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 MasTec. If investors know MasTec 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 MasTec 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 (0.88) | Earnings Share (0.64) | Revenue Per Share 154.716 | Quarterly Revenue Growth 0.09 | Return On Assets 0.0102 |
The market value of MasTec Inc is measured differently than its book value, which is the value of MasTec that is recorded on the company's balance sheet. Investors also form their own opinion of MasTec's value that differs from its market value or its book value, called intrinsic value, which is MasTec'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 MasTec's market value can be influenced by many factors that don't directly affect MasTec'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 MasTec's value and its price as these two are different measures arrived at by different means. Investors typically determine if MasTec is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MasTec'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.
MasTec '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 MasTec'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 MasTec.
| 03/19/2024 |
| 04/18/2024 |
If you would invest 0.00 in MasTec on March 19, 2024 and sell it all today you would earn a total of 0.00 from holding MasTec Inc or generate 0.0% return on investment in MasTec over 30 days. MasTec is related to or competes with EMCOR, and Matrix Service. MasTec, Inc., an infrastructure construction company, provides engineering, building, installation, maintenance, and upg... More
MasTec 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 MasTec'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 MasTec Inc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.74 | |||
| Information Ratio | 0.0676 | |||
| Maximum Drawdown | 16.74 | |||
| Value At Risk | (4.14) | |||
| Potential Upside | 3.53 |
MasTec Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MasTec's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MasTec's standard deviation. In reality, there are many statistical measures that can use MasTec historical prices to predict the future MasTec's volatility.| Risk Adjusted Performance | 0.0622 | |||
| Jensen Alpha | 0.1243 | |||
| Total Risk Alpha | 0.0319 | |||
| Sortino Ratio | 0.0741 | |||
| Treynor Ratio | 0.091 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of MasTec'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.
MasTec Inc Backtested Returns
MasTec appears to be very steady, given 3 months investment horizon. MasTec Inc has Sharpe Ratio of 0.17, which conveys that the firm had a 0.17% return per unit of risk over the last 3 months. We have found thirty technical indicators for MasTec, which you can use to evaluate the volatility of the firm. Please exercise MasTec's Downside Deviation of 2.74, mean deviation of 2.24, and Risk Adjusted Performance of 0.0622 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, MasTec holds a performance score of 13. The company secures a Beta (Market Risk) of 2.73, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, MasTec will likely underperform. Please check MasTec's skewness, day typical price, and the relationship between the downside variance and daily balance of power , to make a quick decision on whether MasTec's current price movements will revert.
Auto-correlation | -0.7 |
Very good reverse predictability
MasTec Inc has very good reverse predictability. Overlapping area represents the amount of predictability between MasTec time series from 19th of March 2024 to 3rd of April 2024 and 3rd of April 2024 to 18th of April 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 MasTec Inc price movement. The serial correlation of -0.7 indicates that around 70.0% of current MasTec price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.7 | |
| Spearman Rank Test | -0.96 | |
| Residual Average | 0.0 | |
| Price Variance | 16.67 |
MasTec Inc lagged returns against current returns
Autocorrelation, which is MasTec 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 MasTec's stock expected returns. We can calculate the autocorrelation of MasTec returns to help us make a trade decision. For example, suppose you find that MasTec 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 |
MasTec 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 MasTec stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MasTec stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MasTec stock over time.
Current vs Lagged Prices |
| Timeline |
MasTec Lagged Returns
When evaluating MasTec's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MasTec stock have on its future price. MasTec 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, MasTec autocorrelation shows the relationship between MasTec stock current value and its past values and can show if there is a momentum factor associated with investing in MasTec Inc.
Regressed Prices |
| Timeline |
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When running MasTec's price analysis, check to measure MasTec'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 MasTec is operating at the current time. Most of MasTec's value examination focuses on studying past and present price action to predict the probability of MasTec's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move MasTec's price. Additionally, you may evaluate how the addition of MasTec to your portfolios can decrease your overall portfolio volatility.
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MasTec 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.