Mastec Inc Stock Chance of Future Stock Price Finishing Under 143.07
| MTZ Stock | USD 144.55 3.39 2.29% |
MasTec |
MasTec Target Price Odds to finish below 143.07
The tendency of MasTec Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to drop to $ 143.07 or more in 90 days |
| 144.55 | 90 days | 143.07 | about 92.4 |
Based on a normal probability distribution, the odds of MasTec to drop to $ 143.07 or more in 90 days from now is about 92.4 (This MasTec Inc probability density function shows the probability of MasTec Stock to fall within a particular range of prices over 90 days) . Probability of MasTec Inc price to stay between $ 143.07 and its current price of $144.55 at the end of the 90-day period is about 1.56 .
Considering the 90-day investment horizon the stock has the beta coefficient of 1.53 . This indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, MasTec will likely underperform. Additionally MasTec Inc has an alpha of 0.2504, implying that it can generate a 0.25 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). MasTec Price Density |
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Predictive Modules for MasTec
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as MasTec Inc. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of MasTec'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.
MasTec Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. MasTec is not an exception. The market had few large corrections towards the MasTec's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold MasTec Inc, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of MasTec within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.25 | |
β | Beta against Dow Jones | 1.53 | |
σ | Overall volatility | 12.36 | |
Ir | Information ratio | 0.14 |
MasTec Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of MasTec for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for MasTec Inc can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| The company reported the last year's revenue of 12 B. Reported Net Loss for the year was (49.95 M) with profit before taxes, overhead, and interest of 1.22 B. | |
| Over 78.0% of the company shares are owned by institutional investors | |
| Latest headline from gurufocus.com: MasTec Inc Trading 3.22 percent Higher on Nov 26 |
MasTec Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of MasTec Stock often depends not only on the future outlook of the current and potential MasTec's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. MasTec's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 77.5 M | |
| Cash And Short Term Investments | 529.6 M |
MasTec Technical Analysis
MasTec's future price can be derived by breaking down and analyzing its technical indicators over time. MasTec Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of MasTec Inc. In general, you should focus on analyzing MasTec Stock price patterns and their correlations with different microeconomic environments and drivers.
MasTec Predictive Forecast Models
MasTec's time-series forecasting models is one of many MasTec's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary MasTec's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about MasTec Inc
Checking the ongoing alerts about MasTec for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for MasTec Inc help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| The company reported the last year's revenue of 12 B. Reported Net Loss for the year was (49.95 M) with profit before taxes, overhead, and interest of 1.22 B. | |
| Over 78.0% of the company shares are owned by institutional investors | |
| Latest headline from gurufocus.com: MasTec Inc Trading 3.22 percent Higher on Nov 26 |
Additional 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.