Mistras Group Stock Market Value
| MG Stock | USD 9.24 0.12 1.32% |
| Symbol | Mistras |
Mistras Group Price To Book Ratio
Is Mistras' 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 Mistras. If investors know Mistras 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 Mistras 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 (0.93) | Earnings Share (0.56) | Revenue Per Share 23.26 | Quarterly Revenue Growth 0.082 | Return On Assets 0.0295 |
The market value of Mistras Group is measured differently than its book value, which is the value of Mistras that is recorded on the company's balance sheet. Investors also form their own opinion of Mistras' value that differs from its market value or its book value, called intrinsic value, which is Mistras' 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 Mistras' market value can be influenced by many factors that don't directly affect Mistras' 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 Mistras' value and its price as these two are different measures arrived at by different means. Investors typically determine if Mistras is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mistras' 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.
Mistras '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 Mistras' 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 Mistras.
| 05/06/2022 |
| 04/25/2024 |
If you would invest 0.00 in Mistras on May 6, 2022 and sell it all today you would earn a total of 0.00 from holding Mistras Group or generate 0.0% return on investment in Mistras over 720 days. Mistras is related to or competes with Team, Thermon Group, MRC Global, Vishay Precision, and Luxfer Holdings. Mistras Group, Inc. provides technology-enabled asset protection solutions worldwide More
Mistras 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 Mistras' 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 Mistras Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.92 | |||
| Information Ratio | 0.0944 | |||
| Maximum Drawdown | 10.8 | |||
| Value At Risk | (3.37) | |||
| Potential Upside | 4.13 |
Mistras Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mistras' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mistras' standard deviation. In reality, there are many statistical measures that can use Mistras historical prices to predict the future Mistras' volatility.| Risk Adjusted Performance | 0.0903 | |||
| Jensen Alpha | 0.3128 | |||
| Total Risk Alpha | 0.0091 | |||
| Sortino Ratio | 0.1114 | |||
| Treynor Ratio | (1.07) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Mistras' 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.
Mistras Group Backtested Returns
Mistras appears to be somewhat reliable, given 3 months investment horizon. Mistras Group has Sharpe Ratio of 0.0991, which conveys that the firm had a 0.0991% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Mistras, which you can use to evaluate the volatility of the firm. Please exercise Mistras' Risk Adjusted Performance of 0.0903, downside deviation of 1.92, and Mean Deviation of 1.68 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Mistras holds a performance score of 7. The company secures a Beta (Market Risk) of -0.27, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Mistras are expected to decrease at a much lower rate. During the bear market, Mistras is likely to outperform the market. Please check Mistras' expected short fall, and the relationship between the value at risk and daily balance of power , to make a quick decision on whether Mistras' current price movements will revert.
Auto-correlation | 0.66 |
Good predictability
Mistras Group has good predictability. Overlapping area represents the amount of predictability between Mistras time series from 6th of May 2022 to 1st of May 2023 and 1st of May 2023 to 25th 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 Mistras Group price movement. The serial correlation of 0.66 indicates that around 66.0% of current Mistras price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.66 | |
| Spearman Rank Test | 0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 1.69 |
Mistras Group lagged returns against current returns
Autocorrelation, which is Mistras 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 Mistras' stock expected returns. We can calculate the autocorrelation of Mistras returns to help us make a trade decision. For example, suppose you find that Mistras 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 |
Mistras 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 Mistras stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mistras stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mistras stock over time.
Current vs Lagged Prices |
| Timeline |
Mistras Lagged Returns
When evaluating Mistras' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mistras stock have on its future price. Mistras 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, Mistras autocorrelation shows the relationship between Mistras stock current value and its past values and can show if there is a momentum factor associated with investing in Mistras Group.
Regressed Prices |
| Timeline |
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Try AI Portfolio ArchitectCheck out Mistras Correlation, Mistras Volatility and Mistras Alpha and Beta module to complement your research on Mistras. Note that the Mistras Group information on this page should be used as a complementary analysis to other Mistras' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.
Complementary Tools for Mistras Stock analysis
When running Mistras' price analysis, check to measure Mistras' 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 Mistras is operating at the current time. Most of Mistras' value examination focuses on studying past and present price action to predict the probability of Mistras' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mistras' price. Additionally, you may evaluate how the addition of Mistras to your portfolios can decrease your overall portfolio volatility.
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Mistras 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.