Mexco Energy Stock Market Value
| MXC Stock | USD 11.97 0.15 1.24% |
| Symbol | Mexco |
Mexco Energy Price To Book Ratio
Is Oil & Gas Exploration & Production 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 Mexco Energy. If investors know Mexco 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 Mexco Energy 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 0.25 | Earnings Share 0.57 | Revenue Per Share 3.313 | Quarterly Revenue Growth 0.244 | Return On Assets 0.0578 |
The market value of Mexco Energy is measured differently than its book value, which is the value of Mexco that is recorded on the company's balance sheet. Investors also form their own opinion of Mexco Energy's value that differs from its market value or its book value, called intrinsic value, which is Mexco Energy'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 Mexco Energy's market value can be influenced by many factors that don't directly affect Mexco Energy'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 Mexco Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Mexco Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mexco Energy'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.
Mexco Energy '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 Mexco Energy'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 Mexco Energy.
| 01/31/2024 |
| 11/26/2024 |
If you would invest 0.00 in Mexco Energy on January 31, 2024 and sell it all today you would earn a total of 0.00 from holding Mexco Energy or generate 0.0% return on investment in Mexco Energy over 300 days. Mexco Energy is related to or competes with PHX Minerals, Granite Ridge, Permianville Royalty, VOC Energy, GeoPark, PrimeEnergy, and Riley Exploration. Mexco Energy Corporation, an independent oil and gas company, engages in the acquisition, exploration, development, and ... More
Mexco Energy 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 Mexco Energy'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 Mexco Energy upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.65 | |||
| Information Ratio | 0.0016 | |||
| Maximum Drawdown | 19.69 | |||
| Value At Risk | (5.06) | |||
| Potential Upside | 5.43 |
Mexco Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mexco Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mexco Energy's standard deviation. In reality, there are many statistical measures that can use Mexco Energy historical prices to predict the future Mexco Energy's volatility.| Risk Adjusted Performance | 0.0372 | |||
| Jensen Alpha | 0.1367 | |||
| Total Risk Alpha | (0.42) | |||
| Sortino Ratio | 0.0015 | |||
| Treynor Ratio | (1.17) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Mexco Energy'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.
Mexco Energy Backtested Returns
Mexco Energy has Sharpe Ratio of -0.0301, which conveys that the firm had a -0.0301% return per unit of risk over the last 3 months. Mexco Energy exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Mexco Energy's Mean Deviation of 2.54, risk adjusted performance of 0.0372, and Downside Deviation of 3.65 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.11, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Mexco Energy are expected to decrease at a much lower rate. During the bear market, Mexco Energy is likely to outperform the market. At this point, Mexco Energy has a negative expected return of -0.0988%. Please make sure to verify Mexco Energy's kurtosis, and the relationship between the downside variance and day median price , to decide if Mexco Energy performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.22 |
Weak predictability
Mexco Energy has weak predictability. Overlapping area represents the amount of predictability between Mexco Energy time series from 31st of January 2024 to 29th of June 2024 and 29th of June 2024 to 26th 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 Mexco Energy price movement. The serial correlation of 0.22 indicates that over 22.0% of current Mexco Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.22 | |
| Spearman Rank Test | 0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 0.51 |
Mexco Energy lagged returns against current returns
Autocorrelation, which is Mexco Energy 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 Mexco Energy's stock expected returns. We can calculate the autocorrelation of Mexco Energy returns to help us make a trade decision. For example, suppose you find that Mexco Energy 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 |
Mexco Energy 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 Mexco Energy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mexco Energy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mexco Energy stock over time.
Current vs Lagged Prices |
| Timeline |
Mexco Energy Lagged Returns
When evaluating Mexco Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mexco Energy stock have on its future price. Mexco Energy 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, Mexco Energy autocorrelation shows the relationship between Mexco Energy stock current value and its past values and can show if there is a momentum factor associated with investing in Mexco Energy.
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 Mexco Energy offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Mexco Energy'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 Mexco Energy Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Mexco Energy Stock:Check out Mexco Energy Correlation, Mexco Energy Volatility and Mexco Energy Alpha and Beta module to complement your research on Mexco Energy. For information on how to trade Mexco Stock refer to our How to Trade Mexco Stock guide.You can also try the Content Syndication module to quickly integrate customizable finance content to your own investment portal.
Mexco Energy 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.