Modine Manufacturing Stock Market Value
| MOD Stock | USD 83.76 1.88 2.20% |
| Symbol | Modine |
Modine Manufacturing Price To Book Ratio
Is Modine Manufacturing'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 Modine Manufacturing. If investors know Modine 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 Modine Manufacturing 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 0.804 | Earnings Share 4.25 | Revenue Per Share 46.185 | Quarterly Revenue Growth 0.003 | Return On Assets 0.0969 |
The market value of Modine Manufacturing is measured differently than its book value, which is the value of Modine that is recorded on the company's balance sheet. Investors also form their own opinion of Modine Manufacturing's value that differs from its market value or its book value, called intrinsic value, which is Modine Manufacturing'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 Modine Manufacturing's market value can be influenced by many factors that don't directly affect Modine Manufacturing'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 Modine Manufacturing's value and its price as these two are different measures arrived at by different means. Investors typically determine if Modine Manufacturing is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Modine Manufacturing'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.
Modine Manufacturing '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 Modine Manufacturing'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 Modine Manufacturing.
| 07/24/2023 |
| 04/19/2024 |
If you would invest 0.00 in Modine Manufacturing on July 24, 2023 and sell it all today you would earn a total of 0.00 from holding Modine Manufacturing or generate 0.0% return on investment in Modine Manufacturing over 270 days. Modine Manufacturing is related to or competes with EVgo Equity, and Xos. Modine Manufacturing Company provides engineered heat transfer systems and heat transfer components for use in on- and o... More
Modine Manufacturing 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 Modine Manufacturing'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 Modine Manufacturing upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.57 | |||
| Information Ratio | 0.1265 | |||
| Maximum Drawdown | 12.37 | |||
| Value At Risk | (5.16) | |||
| Potential Upside | 5.17 |
Modine Manufacturing Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Modine Manufacturing's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Modine Manufacturing's standard deviation. In reality, there are many statistical measures that can use Modine Manufacturing historical prices to predict the future Modine Manufacturing's volatility.| Risk Adjusted Performance | 0.1008 | |||
| Jensen Alpha | 0.3245 | |||
| Total Risk Alpha | 0.1496 | |||
| Sortino Ratio | 0.1412 | |||
| Treynor Ratio | 0.2548 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Modine Manufacturing'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.
Modine Manufacturing Backtested Returns
Modine Manufacturing appears to be very steady, given 3 months investment horizon. Modine Manufacturing has Sharpe Ratio of 0.13, which conveys that the firm had a 0.13% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Modine Manufacturing, which you can use to evaluate the volatility of the firm. Please exercise Modine Manufacturing's Downside Deviation of 2.57, mean deviation of 2.3, and Risk Adjusted Performance of 0.1008 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Modine Manufacturing holds a performance score of 9. The company secures a Beta (Market Risk) of 1.65, 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, Modine Manufacturing will likely underperform. Please check Modine Manufacturing's downside variance, day median price, and the relationship between the treynor ratio and kurtosis , to make a quick decision on whether Modine Manufacturing's current price movements will revert.
Auto-correlation | 0.34 |
Below average predictability
Modine Manufacturing has below average predictability. Overlapping area represents the amount of predictability between Modine Manufacturing time series from 24th of July 2023 to 6th of December 2023 and 6th of December 2023 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 Modine Manufacturing price movement. The serial correlation of 0.34 indicates that nearly 34.0% of current Modine Manufacturing price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.34 | |
| Spearman Rank Test | 0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 218.23 |
Modine Manufacturing lagged returns against current returns
Autocorrelation, which is Modine Manufacturing 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 Modine Manufacturing's stock expected returns. We can calculate the autocorrelation of Modine Manufacturing returns to help us make a trade decision. For example, suppose you find that Modine Manufacturing 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 |
Modine Manufacturing 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 Modine Manufacturing stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Modine Manufacturing stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Modine Manufacturing stock over time.
Current vs Lagged Prices |
| Timeline |
Modine Manufacturing Lagged Returns
When evaluating Modine Manufacturing's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Modine Manufacturing stock have on its future price. Modine Manufacturing 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, Modine Manufacturing autocorrelation shows the relationship between Modine Manufacturing stock current value and its past values and can show if there is a momentum factor associated with investing in Modine Manufacturing.
Regressed Prices |
| Timeline |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectCheck out Modine Manufacturing Correlation, Modine Manufacturing Volatility and Modine Manufacturing Alpha and Beta module to complement your research on Modine Manufacturing. For information on how to trade Modine Stock refer to our How to Trade Modine Stock guide.You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
Complementary Tools for Modine Stock analysis
When running Modine Manufacturing's price analysis, check to measure Modine Manufacturing'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 Modine Manufacturing is operating at the current time. Most of Modine Manufacturing's value examination focuses on studying past and present price action to predict the probability of Modine Manufacturing's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Modine Manufacturing's price. Additionally, you may evaluate how the addition of Modine Manufacturing to your portfolios can decrease your overall portfolio volatility.
| Companies Directory Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals | |
| Commodity Directory Find actively traded commodities issued by global exchanges | |
| Options Analysis Analyze and evaluate options and option chains as a potential hedge for your portfolios | |
| ETFs Find actively traded Exchange Traded Funds (ETF) from around the world | |
| Content Syndication Quickly integrate customizable finance content to your own investment portal |
Modine Manufacturing 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.