Modine Manufacturing Stock Market Value
| MOD Stock | USD 143.22 2.73 1.94% |
| Symbol | Modine |
Modine Manufacturing Price To Book Ratio
Is Automotive Parts & 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 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 (0.01) | Earnings Share 3.04 | Revenue Per Share 47.367 | Quarterly Revenue Growth 0.06 | Return On Assets 0.0984 |
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.
| 12/06/2022 |
| 11/25/2024 |
If you would invest 0.00 in Modine Manufacturing on December 6, 2022 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 720 days. Modine Manufacturing is related to or competes with LKQ, and Commercial Vehicle. 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 | 3.78 | |||
| Information Ratio | 0.0751 | |||
| Maximum Drawdown | 21.5 | |||
| Value At Risk | (5.59) | |||
| Potential Upside | 7.69 |
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 | 0.0904 | |||
| Jensen Alpha | 0.0388 | |||
| Total Risk Alpha | (0.21) | |||
| Sortino Ratio | 0.0805 | |||
| Treynor Ratio | 0.1329 |
Modine Manufacturing Backtested Returns
Modine Manufacturing appears to be very steady, given 3 months investment horizon. Modine Manufacturing has Sharpe Ratio of 0.0979, which conveys that the firm had a 0.0979% return per unit of risk over the last 3 months. We have found thirty technical indicators for Modine Manufacturing, which you can use to evaluate the volatility of the firm. Please exercise Modine Manufacturing's Downside Deviation of 3.78, risk adjusted performance of 0.0904, and Mean Deviation of 2.94 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 7. The company secures a Beta (Market Risk) of 3.2, 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 | 0.79 |
Good predictability
Modine Manufacturing has good predictability. Overlapping area represents the amount of predictability between Modine Manufacturing 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 Modine Manufacturing price movement. The serial correlation of 0.79 indicates that around 79.0% of current Modine Manufacturing price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.79 | |
| Spearman Rank Test | 0.79 | |
| Residual Average | 0.0 | |
| Price Variance | 525.26 |
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 |
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 Modine Manufacturing is a strong investment it is important to analyze Modine Manufacturing's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Modine Manufacturing's future performance. For an informed investment choice regarding Modine Stock, refer to the following important reports:Check 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 Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.
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.