Matrix Service Co Stock Market Value
| MTRX Stock | USD 13.24 0.11 0.82% |
| Symbol | Matrix |
Matrix Service Price To Book Ratio
Is Oil & Gas Equipment & Services 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 Matrix Service. If investors know Matrix 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 Matrix Service 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 1.75 | Earnings Share (1.12) | Revenue Per Share 25.323 | Quarterly Revenue Growth (0.16) | Return On Assets (0.05) |
The market value of Matrix Service is measured differently than its book value, which is the value of Matrix that is recorded on the company's balance sheet. Investors also form their own opinion of Matrix Service's value that differs from its market value or its book value, called intrinsic value, which is Matrix Service'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 Matrix Service's market value can be influenced by many factors that don't directly affect Matrix Service'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 Matrix Service's value and its price as these two are different measures arrived at by different means. Investors typically determine if Matrix Service is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Matrix Service'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.
Matrix Service '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 Matrix Service'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 Matrix Service.
| 11/28/2023 |
| 11/22/2024 |
If you would invest 0.00 in Matrix Service on November 28, 2023 and sell it all today you would earn a total of 0.00 from holding Matrix Service Co or generate 0.0% return on investment in Matrix Service over 360 days. Matrix Service is related to or competes with EMCOR, Comfort Systems, Primoris Services, Granite Construction, Construction Partners, MYR, and Api Group. Matrix Service Company provides engineering, fabrication, construction, and maintenance services to support critical ene... More
Matrix Service 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 Matrix Service'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 Matrix Service Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.91 | |||
| Information Ratio | 0.1426 | |||
| Maximum Drawdown | 19.14 | |||
| Value At Risk | (2.63) | |||
| Potential Upside | 5.19 |
Matrix Service Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Matrix Service's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Matrix Service's standard deviation. In reality, there are many statistical measures that can use Matrix Service historical prices to predict the future Matrix Service's volatility.| Risk Adjusted Performance | 0.1369 | |||
| Jensen Alpha | 0.3569 | |||
| Total Risk Alpha | 0.1818 | |||
| Sortino Ratio | 0.2464 | |||
| Treynor Ratio | 0.2385 |
Matrix Service Backtested Returns
Matrix Service appears to be not too volatile, given 3 months investment horizon. Matrix Service has Sharpe Ratio of 0.15, which conveys that the firm had a 0.15% return per unit of risk over the last 3 months. By analyzing Matrix Service's technical indicators, you can evaluate if the expected return of 0.51% is justified by implied risk. Please exercise Matrix Service's Downside Deviation of 1.91, mean deviation of 2.09, and Risk Adjusted Performance of 0.1369 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Matrix Service holds a performance score of 12. The company secures a Beta (Market Risk) of 2.33, 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, Matrix Service will likely underperform. Please check Matrix Service's downside variance, as well as the relationship between the daily balance of power and period momentum indicator , to make a quick decision on whether Matrix Service's current price movements will revert.
Auto-correlation | 0.17 |
Very weak predictability
Matrix Service Co has very weak predictability. Overlapping area represents the amount of predictability between Matrix Service time series from 28th of November 2023 to 26th of May 2024 and 26th of May 2024 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 Matrix Service price movement. The serial correlation of 0.17 indicates that over 17.0% of current Matrix Service price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.17 | |
| Spearman Rank Test | 0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 1.29 |
Matrix Service lagged returns against current returns
Autocorrelation, which is Matrix Service 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 Matrix Service's stock expected returns. We can calculate the autocorrelation of Matrix Service returns to help us make a trade decision. For example, suppose you find that Matrix Service 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 |
Matrix Service 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 Matrix Service stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Matrix Service stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Matrix Service stock over time.
Current vs Lagged Prices |
| Timeline |
Matrix Service Lagged Returns
When evaluating Matrix Service's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Matrix Service stock have on its future price. Matrix Service 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, Matrix Service autocorrelation shows the relationship between Matrix Service stock current value and its past values and can show if there is a momentum factor associated with investing in Matrix Service Co.
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 Matrix Stock Analysis
When running Matrix Service's price analysis, check to measure Matrix Service'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 Matrix Service is operating at the current time. Most of Matrix Service's value examination focuses on studying past and present price action to predict the probability of Matrix Service's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Matrix Service's price. Additionally, you may evaluate how the addition of Matrix Service to your portfolios can decrease your overall portfolio volatility.