Mastech Holdings Stock Market Value
| MHH Stock | USD 8.90 0.01 0.11% |
| Symbol | Mastech |
Mastech Holdings Price To Book Ratio
Is Mastech Holdings' 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 Mastech Holdings. If investors know Mastech 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 Mastech Holdings 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 (0.95) | Earnings Share (0.61) | Revenue Per Share 17.317 | Quarterly Revenue Growth (0.20) | Return On Assets (0.01) |
The market value of Mastech Holdings is measured differently than its book value, which is the value of Mastech that is recorded on the company's balance sheet. Investors also form their own opinion of Mastech Holdings' value that differs from its market value or its book value, called intrinsic value, which is Mastech Holdings' 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 Mastech Holdings' market value can be influenced by many factors that don't directly affect Mastech Holdings' 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 Mastech Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if Mastech Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mastech Holdings' 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.
Mastech Holdings '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 Mastech Holdings' 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 Mastech Holdings.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in Mastech Holdings on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding Mastech Holdings or generate 0.0% return on investment in Mastech Holdings over 30 days. Mastech Holdings is related to or competes with ExlService Holdings, WNS Holdings, Gartner, Hackett, Genpact, CACI International, and Perficient. Mastech Digital, Inc., together with its subsidiaries, provides digital transformation IT services to large, medium-size... More
Mastech Holdings 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 Mastech Holdings' 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 Mastech Holdings upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.44 | |||
| Information Ratio | 0.0412 | |||
| Maximum Drawdown | 6.56 | |||
| Value At Risk | (2.03) | |||
| Potential Upside | 2.44 |
Mastech Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mastech Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mastech Holdings' standard deviation. In reality, there are many statistical measures that can use Mastech Holdings historical prices to predict the future Mastech Holdings' volatility.| Risk Adjusted Performance | 0.0613 | |||
| Jensen Alpha | 0.1008 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | 0.0402 | |||
| Treynor Ratio | 0.436 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Mastech Holdings' 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.
Mastech Holdings Backtested Returns
We consider Mastech Holdings very steady. Mastech Holdings has Sharpe Ratio of 0.0463, which conveys that the firm had a 0.0463% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Mastech Holdings, which you can use to evaluate the volatility of the firm. Please verify Mastech Holdings' Downside Deviation of 1.44, mean deviation of 1.12, and Risk Adjusted Performance of 0.0613 to check out if the risk estimate we provide is consistent with the expected return of 0.0637%. Mastech Holdings has a performance score of 3 on a scale of 0 to 100. 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, Mastech Holdings' returns are expected to increase less than the market. However, during the bear market, the loss of holding Mastech Holdings is expected to be smaller as well. Mastech Holdings right now secures a risk of 1.38%. Please verify Mastech Holdings expected short fall, and the relationship between the value at risk and daily balance of power , to decide if Mastech Holdings will be following its current price movements.
Auto-correlation | -0.52 |
Good reverse predictability
Mastech Holdings has good reverse predictability. Overlapping area represents the amount of predictability between Mastech Holdings time series from 20th of March 2024 to 4th of April 2024 and 4th of April 2024 to 19th 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 Mastech Holdings price movement. The serial correlation of -0.52 indicates that about 52.0% of current Mastech Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.52 | |
| Spearman Rank Test | -0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Mastech Holdings lagged returns against current returns
Autocorrelation, which is Mastech Holdings 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 Mastech Holdings' stock expected returns. We can calculate the autocorrelation of Mastech Holdings returns to help us make a trade decision. For example, suppose you find that Mastech Holdings 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 |
Mastech Holdings 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 Mastech Holdings stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mastech Holdings stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mastech Holdings stock over time.
Current vs Lagged Prices |
| Timeline |
Mastech Holdings Lagged Returns
When evaluating Mastech Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mastech Holdings stock have on its future price. Mastech Holdings 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, Mastech Holdings autocorrelation shows the relationship between Mastech Holdings stock current value and its past values and can show if there is a momentum factor associated with investing in Mastech Holdings.
Regressed Prices |
| Timeline |
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Try AI Portfolio ArchitectCheck out Mastech Holdings Correlation, Mastech Holdings Volatility and Mastech Holdings Alpha and Beta module to complement your research on Mastech Holdings. For more detail on how to invest in Mastech Stock please use our How to Invest in Mastech Holdings guide.Note that the Mastech Holdings information on this page should be used as a complementary analysis to other Mastech Holdings' 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 Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.
Complementary Tools for Mastech Stock analysis
When running Mastech Holdings' price analysis, check to measure Mastech Holdings' 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 Mastech Holdings is operating at the current time. Most of Mastech Holdings' value examination focuses on studying past and present price action to predict the probability of Mastech Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mastech Holdings' price. Additionally, you may evaluate how the addition of Mastech Holdings to your portfolios can decrease your overall portfolio volatility.
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Mastech Holdings 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.