Mayville Engineering Co Stock Market Value
| MEC Stock | USD 16.99 0.43 2.60% |
| Symbol | Mayville |
Mayville Engineering Price To Book Ratio
Is Industrial Machinery & Supplies & Components space 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 Mayville Engineering. If investors know Mayville 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 Mayville Engineering 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 1 | Earnings Share 0.59 | Revenue Per Share 29.624 | Quarterly Revenue Growth (0.14) | Return On Assets 0.0313 |
The market value of Mayville Engineering is measured differently than its book value, which is the value of Mayville that is recorded on the company's balance sheet. Investors also form their own opinion of Mayville Engineering's value that differs from its market value or its book value, called intrinsic value, which is Mayville Engineering'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 Mayville Engineering's market value can be influenced by many factors that don't directly affect Mayville Engineering'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 Mayville Engineering's value and its price as these two are different measures arrived at by different means. Investors typically determine if Mayville Engineering is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mayville Engineering'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.
Mayville Engineering '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 Mayville Engineering'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 Mayville Engineering.
| 12/06/2022 |
| 11/25/2024 |
If you would invest 0.00 in Mayville Engineering on December 6, 2022 and sell it all today you would earn a total of 0.00 from holding Mayville Engineering Co or generate 0.0% return on investment in Mayville Engineering over 720 days. Mayville Engineering is related to or competes with Haynes International, Insteel Industries, Gulf Island, ESAB Corp, Northwest Pipe, Ampco Pittsburgh, and Ryerson Holding. Mayville Engineering Company, Inc., together with its subsidiaries, operates as a contract manufacturer that serves the ... More
Mayville Engineering 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 Mayville Engineering'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 Mayville Engineering Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 25.65 | |||
| Value At Risk | (2.95) | |||
| Potential Upside | 4.55 |
Mayville Engineering Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mayville Engineering's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mayville Engineering's standard deviation. In reality, there are many statistical measures that can use Mayville Engineering historical prices to predict the future Mayville Engineering's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.65) | |||
| Treynor Ratio | 0.2484 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Mayville Engineering'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.
Mayville Engineering Backtested Returns
Mayville Engineering has Sharpe Ratio of -0.0427, which conveys that the firm had a -0.0427% return per unit of risk over the last 3 months. Mayville Engineering exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Mayville Engineering's Mean Deviation of 2.09, risk adjusted performance of (0.02), and Standard Deviation of 3.41 to check out the risk estimate we provide. 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 Mayville Engineering are expected to decrease at a much lower rate. During the bear market, Mayville Engineering is likely to outperform the market. At this point, Mayville Engineering has a negative expected return of -0.15%. Please make sure to verify Mayville Engineering's accumulation distribution, as well as the relationship between the day median price and price action indicator , to decide if Mayville Engineering performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.65 |
Very good reverse predictability
Mayville Engineering Co has very good reverse predictability. Overlapping area represents the amount of predictability between Mayville Engineering time series from 6th of December 2022 to 1st of December 2023 and 1st of December 2023 to 25th of November 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 Mayville Engineering price movement. The serial correlation of -0.65 indicates that roughly 65.0% of current Mayville Engineering price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.65 | |
| Spearman Rank Test | -0.59 | |
| Residual Average | 0.0 | |
| Price Variance | 7.87 |
Mayville Engineering lagged returns against current returns
Autocorrelation, which is Mayville Engineering 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 Mayville Engineering's stock expected returns. We can calculate the autocorrelation of Mayville Engineering returns to help us make a trade decision. For example, suppose you find that Mayville Engineering 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 |
Mayville Engineering 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 Mayville Engineering stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mayville Engineering stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mayville Engineering stock over time.
Current vs Lagged Prices |
| Timeline |
Mayville Engineering Lagged Returns
When evaluating Mayville Engineering's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mayville Engineering stock have on its future price. Mayville Engineering 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, Mayville Engineering autocorrelation shows the relationship between Mayville Engineering stock current value and its past values and can show if there is a momentum factor associated with investing in Mayville Engineering Co.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Mayville Engineering offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Mayville Engineering's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Mayville Engineering Co Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Mayville Engineering Co Stock:Check out Mayville Engineering Correlation, Mayville Engineering Volatility and Mayville Engineering Alpha and Beta module to complement your research on Mayville Engineering. You can also try the My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.
Mayville Engineering 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.