MasTec Return On Asset vs. Cash and Equivalents
| MTZ Stock | USD 85.18 1.35 1.56% |
| Current Value | Last Year | Change From Last Year | 10 Year Trend | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Gross Profit Margin | 0.0623 | 0.0656 |
|
|
For MasTec profitability analysis, we use financial ratios and fundamental drivers that measure the ability of MasTec to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well MasTec Inc utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between MasTec's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of MasTec Inc over time as well as its relative position and ranking within its peers.
MasTec |
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 Inc Cash and Equivalents vs. Return On Asset Fundamental Analysis
MasTec Cash and Equivalents vs. Return On Asset
Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.
MasTec |
| = | 0.0102 |
Return on Asset measures overall efficiency of a company in generating profits from its total assets. It is expressed as the percentage of profits earned per dollar of Asset. A low ROA typically means that a company is asset-intensive and therefore will needs more money to continue generating revenue in the future.
MasTec | = | null |
Use MasTec in pair-trading
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 MasTec 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 MasTec will appreciate offsetting losses from the drop in the long position's value.MasTec Pair Trading
MasTec Inc Pair Trading Analysis
The ability to find closely correlated positions to MasTec could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace MasTec 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 MasTec - 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 MasTec Inc to buy it.
The correlation of MasTec 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 MasTec moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if MasTec Inc 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 MasTec 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.Use Investing Themes to Complement your MasTec position
In addition to having MasTec in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Marketing Thematic Idea Now
Marketing
Companies providing marketing and public relation (PR) services as well as news and media distribution. The Marketing theme has 40 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Marketing Theme or any other thematic opportunities.
| View All Next | Launch |
Check out Correlation Analysis. You can also try the ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.
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.
| Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators | |
| Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios | |
| Analyst Advice Analyst recommendations and target price estimates broken down by several categories | |
| Watchlist Optimization Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm | |
| Portfolio Analyzer Portfolio analysis module that provides access to portfolio diagnostics and optimization engine | |
| Sync Your Broker Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors. | |
| Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated |
To fully project MasTec's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of MasTec Inc at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include MasTec's income statement, its balance sheet, and the statement of cash flows.