MASTEC INC 45 Market Value
| 576323AP4 | 92.88 4.69 4.81% |
| Symbol | MASTEC |
MASTEC '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 MASTEC's bond 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 MASTEC.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in MASTEC on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding MASTEC INC 45 or generate 0.0% return on investment in MASTEC over 30 days. MASTEC is related to or competes with Fortress Transp, Diageo PLC, Triton International, FTAI Aviation, Japan Tobacco, and Turning Point. More
MASTEC 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 MASTEC's bond 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 MASTEC INC 45 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 9.72 | |||
| Value At Risk | (1.03) | |||
| Potential Upside | 0.4743 |
MASTEC Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MASTEC's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MASTEC's standard deviation. In reality, there are many statistical measures that can use MASTEC historical prices to predict the future MASTEC's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.28) | |||
| Treynor Ratio | (1.84) |
MASTEC INC 45 Backtested Returns
MASTEC INC 45 has Sharpe Ratio of -0.13, which conveys that the bond had a -0.13% return per unit of standard deviation over the last 3 months. MASTEC exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify MASTEC's standard deviation of 1.35, and Mean Deviation of 0.5635 to check out the risk estimate we provide. The entity secures a Beta (Market Risk) of 0.042, which conveys not very significant fluctuations relative to the market. As returns on the market increase, MASTEC's returns are expected to increase less than the market. However, during the bear market, the loss of holding MASTEC is expected to be smaller as well.
Auto-correlation | -0.08 |
Very weak reverse predictability
MASTEC INC 45 has very weak reverse predictability. Overlapping area represents the amount of predictability between MASTEC time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 MASTEC INC 45 price movement. The serial correlation of -0.08 indicates that barely 8.0% of current MASTEC price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.08 | |
| Spearman Rank Test | -0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 1.99 |
MASTEC INC 45 lagged returns against current returns
Autocorrelation, which is MASTEC bond'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 MASTEC's bond expected returns. We can calculate the autocorrelation of MASTEC returns to help us make a trade decision. For example, suppose you find that MASTEC has exhibited high autocorrelation historically, and you observe that the bond 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 |
MASTEC 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 MASTEC bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MASTEC bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MASTEC bond over time.
Current vs Lagged Prices |
| Timeline |
MASTEC Lagged Returns
When evaluating MASTEC's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MASTEC bond have on its future price. MASTEC 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, MASTEC autocorrelation shows the relationship between MASTEC bond current value and its past values and can show if there is a momentum factor associated with investing in MASTEC INC 45.
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.Other Information on Investing in MASTEC Bond
MASTEC financial ratios help investors to determine whether MASTEC Bond is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in MASTEC with respect to the benefits of owning MASTEC security.