Manitowoc Stock Market Value
| MTW Stock | USD 13.07 0.05 0.38% |
| Symbol | Manitowoc |
Manitowoc Price To Book Ratio
Is Manitowoc'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 Manitowoc. If investors know Manitowoc 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 Manitowoc 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 3.436 | Earnings Share 1.09 | Revenue Per Share 63.481 | Quarterly Revenue Growth (0.04) | Return On Assets 0.041 |
The market value of Manitowoc is measured differently than its book value, which is the value of Manitowoc that is recorded on the company's balance sheet. Investors also form their own opinion of Manitowoc's value that differs from its market value or its book value, called intrinsic value, which is Manitowoc'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 Manitowoc's market value can be influenced by many factors that don't directly affect Manitowoc'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 Manitowoc's value and its price as these two are different measures arrived at by different means. Investors typically determine if Manitowoc is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Manitowoc'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.
Manitowoc '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 Manitowoc'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 Manitowoc.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in Manitowoc on March 25, 2024 and sell it all today you would earn a total of 0.00 from holding Manitowoc or generate 0.0% return on investment in Manitowoc over 30 days. Manitowoc is related to or competes with NikolaCorp, Ideanomics, Lion Electric, and Wabash National. The Manitowoc Company, Inc. provides engineered lifting solutions in the Americas, Europe, Africa, the Middle East, and ... More
Manitowoc 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 Manitowoc'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 Manitowoc upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 15.89 | |||
| Value At Risk | (4.28) | |||
| Potential Upside | 3.7 |
Manitowoc Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Manitowoc's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Manitowoc's standard deviation. In reality, there are many statistical measures that can use Manitowoc historical prices to predict the future Manitowoc's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.37) | |||
| Total Risk Alpha | (0.63) | |||
| Treynor Ratio | (0.16) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Manitowoc'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.
Manitowoc Backtested Returns
Manitowoc has Sharpe Ratio of -0.11, which conveys that the firm had a -0.11% return per unit of risk over the last 3 months. Manitowoc exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Manitowoc's Risk Adjusted Performance of (0.04), standard deviation of 2.85, and Mean Deviation of 1.87 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 1.55, 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, Manitowoc will likely underperform. Manitowoc has an expected return of -0.31%. Please make sure to verify Manitowoc total risk alpha, kurtosis, as well as the relationship between the Kurtosis and market facilitation index , to decide if Manitowoc performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.09 |
Virtually no predictability
Manitowoc has virtually no predictability. Overlapping area represents the amount of predictability between Manitowoc time series from 25th of March 2024 to 9th of April 2024 and 9th of April 2024 to 24th 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 Manitowoc price movement. The serial correlation of 0.09 indicates that less than 9.0% of current Manitowoc price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.09 | |
| Spearman Rank Test | 0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 0.11 |
Manitowoc lagged returns against current returns
Autocorrelation, which is Manitowoc 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 Manitowoc's stock expected returns. We can calculate the autocorrelation of Manitowoc returns to help us make a trade decision. For example, suppose you find that Manitowoc 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 |
Manitowoc 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 Manitowoc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Manitowoc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Manitowoc stock over time.
Current vs Lagged Prices |
| Timeline |
Manitowoc Lagged Returns
When evaluating Manitowoc's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Manitowoc stock have on its future price. Manitowoc 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, Manitowoc autocorrelation shows the relationship between Manitowoc stock current value and its past values and can show if there is a momentum factor associated with investing in Manitowoc.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Manitowoc in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Manitowoc's short interest history, or implied volatility extrapolated from Manitowoc options trading.
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Try AI Portfolio ArchitectCheck out Manitowoc Correlation, Manitowoc Volatility and Manitowoc Alpha and Beta module to complement your research on Manitowoc. For more information on how to buy Manitowoc Stock please use our How to Invest in Manitowoc guide.You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
Complementary Tools for Manitowoc Stock analysis
When running Manitowoc's price analysis, check to measure Manitowoc'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 Manitowoc is operating at the current time. Most of Manitowoc's value examination focuses on studying past and present price action to predict the probability of Manitowoc's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Manitowoc's price. Additionally, you may evaluate how the addition of Manitowoc to your portfolios can decrease your overall portfolio volatility.
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Manitowoc 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.