Mastec Inc Stock Technical Analysis
MTZ Stock | USD 84.66 0.01 0.01% |
As of the 17th of April 2024, MasTec secures the Mean Deviation of 2.23, risk adjusted performance of 0.0647, and Downside Deviation of 2.73. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of MasTec Inc, as well as the relationship between them. Strictly speaking, you can use this information to find out if the firm will indeed mirror its model of past prices, or the prices will eventually revert. We were able to interpolate and analyze data for nineteen technical drivers for MasTec, which can be compared to its peers in the industry. Please verify MasTec Inc maximum drawdown, as well as the relationship between the downside variance and skewness to decide if MasTec Inc is priced some-what accurately, providing market reflects its recent price of 84.66 per share. Given that MasTec Inc has jensen alpha of 0.1295, we recommend you to check MasTec's last-minute market performance to make sure the company can sustain itself at a future point.
MasTec Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as MasTec, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to MasTecMasTec |
MasTec Analyst Consensus
Target Price | Advice | # of Analysts | |
112.6 | Strong Buy | 13 | Odds |
Most MasTec analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand MasTec stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of MasTec Inc, talking to its executives and customers, or listening to MasTec conference calls.
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.
MasTec Inc Technical Analysis
The output start index for this execution was one with a total number of output elements of sixty. 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 MasTec Inc volatility. High ATR values indicate high volatility, and low values indicate low volatility.
MasTec Inc Trend Analysis
Use this graph to draw trend lines for MasTec Inc. You can use it to identify possible trend reversals for MasTec 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 MasTec price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.MasTec Best Fit Change Line
The following chart estimates an ordinary least squares regression model for MasTec Inc applied against its price change over selected period. The best fit line has a slop of 0.53 , which may imply that MasTec Inc will maintain its good market sentiment and make money for investors. It has 122 observation points and a regression sum of squares at 10712.25, which is the sum of squared deviations for the predicted MasTec price change compared to its average price change.About MasTec 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 MasTec Inc 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 MasTec Inc based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on MasTec Inc price pattern first instead of the macroeconomic environment surrounding MasTec Inc. By analyzing MasTec'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 MasTec'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 MasTec specific price patterns or momentum indicators. Please read more on our technical analysis page.
2023 | 2024 (projected) | Dividend Yield | 0.001643 | 0.001561 | Price To Sales Ratio | 0.49 | 0.76 |
MasTec April 17, 2024 Technical Indicators
Most technical analysis of MasTec 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 MasTec from various momentum indicators to cycle indicators. When you analyze MasTec 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.
Cycle Indicators | ||
Math Operators | ||
Math Transform | ||
Momentum Indicators | ||
Overlap Studies | ||
Pattern Recognition | ||
Price Transform | ||
Statistic Functions | ||
Volatility Indicators | ||
Volume Indicators |
Risk Adjusted Performance | 0.0647 | |||
Market Risk Adjusted Performance | 0.1056 | |||
Mean Deviation | 2.23 | |||
Semi Deviation | 2.59 | |||
Downside Deviation | 2.73 | |||
Coefficient Of Variation | 1109.13 | |||
Standard Deviation | 3.0 | |||
Variance | 8.98 | |||
Information Ratio | 0.0708 | |||
Jensen Alpha | 0.1295 | |||
Total Risk Alpha | 0.0317 | |||
Sortino Ratio | 0.0778 | |||
Treynor Ratio | 0.0956 | |||
Maximum Drawdown | 16.74 | |||
Value At Risk | (4.14) | |||
Potential Upside | 3.53 | |||
Downside Variance | 7.43 | |||
Semi Variance | 6.69 | |||
Expected Short fall | (2.42) | |||
Skewness | 0.7396 | |||
Kurtosis | 3.48 |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MasTec Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. You can also try the ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.
Complementary Tools for MasTec Stock analysis
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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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.