Manitex International Stock Market Value
| MNTX Stock | USD 5.74 0.01 0.17% |
| Symbol | Manitex |
Manitex International Price To Book Ratio
Is Construction Machinery & Heavy Transportation Equipment 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 Manitex International. If investors know Manitex 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 Manitex International 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 (0.75) | Earnings Share 0.46 | Revenue Per Share 14.502 | Quarterly Revenue Growth (0.07) | Return On Assets 0.0507 |
The market value of Manitex International is measured differently than its book value, which is the value of Manitex that is recorded on the company's balance sheet. Investors also form their own opinion of Manitex International's value that differs from its market value or its book value, called intrinsic value, which is Manitex International'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 Manitex International's market value can be influenced by many factors that don't directly affect Manitex International'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 Manitex International's value and its price as these two are different measures arrived at by different means. Investors typically determine if Manitex International is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Manitex International'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.
Manitex International '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 Manitex International'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 Manitex International.
| 12/03/2022 |
| 11/22/2024 |
If you would invest 0.00 in Manitex International on December 3, 2022 and sell it all today you would earn a total of 0.00 from holding Manitex International or generate 0.0% return on investment in Manitex International over 720 days. Manitex International is related to or competes with Astec Industries, Hyster Yale, Shyft, Rev, Terex, Oshkosh, and Alamo. Manitex International, Inc. provides engineered lifting solutions in the United States, Italy, Canada, France, Chile, an... More
Manitex International 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 Manitex International'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 Manitex International upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.35 | |||
| Information Ratio | 0.0886 | |||
| Maximum Drawdown | 48.84 | |||
| Value At Risk | (2.54) | |||
| Potential Upside | 4.3 |
Manitex International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Manitex International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Manitex International's standard deviation. In reality, there are many statistical measures that can use Manitex International historical prices to predict the future Manitex International's volatility.| Risk Adjusted Performance | 0.0899 | |||
| Jensen Alpha | 0.5393 | |||
| Total Risk Alpha | (0.16) | |||
| Sortino Ratio | 0.2317 | |||
| Treynor Ratio | 0.6141 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Manitex International'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.
Manitex International Backtested Returns
Manitex International appears to be relatively risky, given 3 months investment horizon. Manitex International has Sharpe Ratio of 0.0953, which conveys that the firm had a 0.0953% return per unit of risk over the last 3 months. By analyzing Manitex International's technical indicators, you can evaluate if the expected return of 0.59% is justified by implied risk. Please exercise Manitex International's Risk Adjusted Performance of 0.0899, downside deviation of 2.35, and Mean Deviation of 1.88 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Manitex International holds a performance score of 7. The company secures a Beta (Market Risk) of 1.05, which conveys a somewhat significant risk relative to the market. Manitex International returns are very sensitive to returns on the market. As the market goes up or down, Manitex International is expected to follow. Please check Manitex International's value at risk, as well as the relationship between the kurtosis and market facilitation index , to make a quick decision on whether Manitex International's current price movements will revert.
Auto-correlation | -0.27 |
Weak reverse predictability
Manitex International has weak reverse predictability. Overlapping area represents the amount of predictability between Manitex International time series from 3rd of December 2022 to 28th of November 2023 and 28th of November 2023 to 22nd 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 Manitex International price movement. The serial correlation of -0.27 indicates that nearly 27.0% of current Manitex International price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.27 | |
| Spearman Rank Test | -0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 1.7 |
Manitex International lagged returns against current returns
Autocorrelation, which is Manitex International 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 Manitex International's stock expected returns. We can calculate the autocorrelation of Manitex International returns to help us make a trade decision. For example, suppose you find that Manitex International 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 |
Manitex International 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 Manitex International stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Manitex International stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Manitex International stock over time.
Current vs Lagged Prices |
| Timeline |
Manitex International Lagged Returns
When evaluating Manitex International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Manitex International stock have on its future price. Manitex International 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, Manitex International autocorrelation shows the relationship between Manitex International stock current value and its past values and can show if there is a momentum factor associated with investing in Manitex International.
Regressed Prices |
| Timeline |
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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.Additional Tools for Manitex Stock Analysis
When running Manitex International's price analysis, check to measure Manitex International'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 Manitex International is operating at the current time. Most of Manitex International's value examination focuses on studying past and present price action to predict the probability of Manitex International's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Manitex International's price. Additionally, you may evaluate how the addition of Manitex International to your portfolios can decrease your overall portfolio volatility.