Mestek Inc Stock Market Value
| MCCK Stock | USD 55.50 1.07 1.97% |
| Symbol | Mestek |
Mestek '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 Mestek's pink sheet 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 Mestek.
| 01/09/2024 |
| 12/29/2025 |
If you would invest 0.00 in Mestek on January 9, 2024 and sell it all today you would earn a total of 0.00 from holding Mestek Inc or generate 0.0% return on investment in Mestek over 720 days. Mestek is related to or competes with Wajax, En-japan, Aida Engineering, Heidelberger Druckmaschinen, Nel ASA, Diversified Royalty, and Nel ASA. Mestek, Inc., together with its subsidiaries, manufactures and sells heating, ventilating, and air conditioning products... More
Mestek 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 Mestek's pink sheet 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 Mestek Inc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.93 | |||
| Information Ratio | 0.0835 | |||
| Maximum Drawdown | 11.57 | |||
| Value At Risk | (2.88) | |||
| Potential Upside | 3.07 |
Mestek Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mestek's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mestek's standard deviation. In reality, there are many statistical measures that can use Mestek historical prices to predict the future Mestek's volatility.| Risk Adjusted Performance | 0.0977 | |||
| Jensen Alpha | 0.2606 | |||
| Total Risk Alpha | 0.0322 | |||
| Sortino Ratio | 0.0516 | |||
| Treynor Ratio | (0.50) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Mestek'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.
Mestek Inc Backtested Returns
As of now, Mestek Pink Sheet is very steady. Mestek Inc has Sharpe Ratio of 0.0999, which conveys that the firm had a 0.0999 % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Mestek, which you can use to evaluate the volatility of the firm. Please verify Mestek's Risk Adjusted Performance of 0.0977, mean deviation of 0.9552, and Downside Deviation of 2.93 to check out if the risk estimate we provide is consistent with the expected return of 0.18%. Mestek has a performance score of 7 on a scale of 0 to 100. The company secures a Beta (Market Risk) of -0.46, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Mestek are expected to decrease at a much lower rate. During the bear market, Mestek is likely to outperform the market. Mestek Inc right now secures a risk of 1.82%. Please verify Mestek Inc expected short fall, and the relationship between the value at risk and rate of daily change , to decide if Mestek Inc will be following its current price movements.
Auto-correlation | 0.91 |
Excellent predictability
Mestek Inc has excellent predictability. Overlapping area represents the amount of predictability between Mestek time series from 9th of January 2024 to 3rd of January 2025 and 3rd of January 2025 to 29th of December 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Mestek Inc price movement. The serial correlation of 0.91 indicates that approximately 91.0% of current Mestek price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.91 | |
| Spearman Rank Test | 0.84 | |
| Residual Average | 0.0 | |
| Price Variance | 61.78 |
Mestek Inc lagged returns against current returns
Autocorrelation, which is Mestek pink sheet'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 Mestek's pink sheet expected returns. We can calculate the autocorrelation of Mestek returns to help us make a trade decision. For example, suppose you find that Mestek has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Mestek 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 Mestek pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mestek pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mestek pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Mestek Lagged Returns
When evaluating Mestek's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mestek pink sheet have on its future price. Mestek 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, Mestek autocorrelation shows the relationship between Mestek pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Mestek Inc.
Regressed Prices |
| Timeline |
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Mestek financial ratios help investors to determine whether Mestek Pink Sheet is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Mestek with respect to the benefits of owning Mestek security.