Mastech Holdings Stock Market Value
| MHH Stock | USD 14.50 0.20 1.40% |
| Symbol | Mastech |
Mastech Holdings Price To Book Ratio
Is Human Resource & Employment 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 Mastech Holdings. If investors know Mastech 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 Mastech Holdings 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 15 | Earnings Share (0.20) | Revenue Per Share 16.688 | Quarterly Revenue Growth 0.085 | Return On Assets 0.0254 |
The market value of Mastech Holdings is measured differently than its book value, which is the value of Mastech that is recorded on the company's balance sheet. Investors also form their own opinion of Mastech Holdings' value that differs from its market value or its book value, called intrinsic value, which is Mastech Holdings' 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 Mastech Holdings' market value can be influenced by many factors that don't directly affect Mastech Holdings' 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 Mastech Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if Mastech Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mastech Holdings' 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.
Mastech Holdings '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 Mastech Holdings' 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 Mastech Holdings.
| 08/19/2023 |
| 12/11/2024 |
If you would invest 0.00 in Mastech Holdings on August 19, 2023 and sell it all today you would earn a total of 0.00 from holding Mastech Holdings or generate 0.0% return on investment in Mastech Holdings over 480 days. Mastech Holdings is related to or competes with EVI Industries, LGL, BG Staffing, Issuer Direct, and Electromed. Mastech Digital, Inc., together with its subsidiaries, provides digital transformation IT services to large, medium-size... More
Mastech Holdings 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 Mastech Holdings' 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 Mastech Holdings upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.79 | |||
| Information Ratio | 0.1276 | |||
| Maximum Drawdown | 28.61 | |||
| Value At Risk | (5.75) | |||
| Potential Upside | 9.38 |
Mastech Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mastech Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mastech Holdings' standard deviation. In reality, there are many statistical measures that can use Mastech Holdings historical prices to predict the future Mastech Holdings' volatility.| Risk Adjusted Performance | 0.1183 | |||
| Jensen Alpha | 0.5694 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.172 | |||
| Treynor Ratio | 0.4441 |
Mastech Holdings Backtested Returns
Mastech Holdings appears to be somewhat reliable, given 3 months investment horizon. Mastech Holdings has Sharpe Ratio of 0.14, which conveys that the firm had a 0.14% return per unit of risk over the last 3 months. By analyzing Mastech Holdings' technical indicators, you can evaluate if the expected return of 0.72% is justified by implied risk. Please exercise Mastech Holdings' Risk Adjusted Performance of 0.1183, mean deviation of 3.62, and Downside Deviation of 3.79 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Mastech Holdings holds a performance score of 10. The company secures a Beta (Market Risk) of 1.73, 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, Mastech Holdings will likely underperform. Please check Mastech Holdings' expected short fall, and the relationship between the value at risk and daily balance of power , to make a quick decision on whether Mastech Holdings' current price movements will revert.
Auto-correlation | -0.15 |
Insignificant reverse predictability
Mastech Holdings has insignificant reverse predictability. Overlapping area represents the amount of predictability between Mastech Holdings time series from 19th of August 2023 to 15th of April 2024 and 15th of April 2024 to 11th of December 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 Mastech Holdings price movement. The serial correlation of -0.15 indicates that less than 15.0% of current Mastech Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.15 | |
| Spearman Rank Test | -0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 3.71 |
Mastech Holdings lagged returns against current returns
Autocorrelation, which is Mastech Holdings 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 Mastech Holdings' stock expected returns. We can calculate the autocorrelation of Mastech Holdings returns to help us make a trade decision. For example, suppose you find that Mastech Holdings 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 |
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Mastech Holdings 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 Mastech Holdings stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mastech Holdings stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mastech Holdings stock over time.
Current vs Lagged Prices |
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Mastech Holdings Lagged Returns
When evaluating Mastech Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mastech Holdings stock have on its future price. Mastech Holdings 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, Mastech Holdings autocorrelation shows the relationship between Mastech Holdings stock current value and its past values and can show if there is a momentum factor associated with investing in Mastech Holdings.
Regressed Prices |
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Currently Active Assets on Macroaxis
When determining whether Mastech Holdings offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Mastech Holdings' 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 Mastech Holdings Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Mastech Holdings Stock:Check out Mastech Holdings Correlation, Mastech Holdings Volatility and Mastech Holdings Alpha and Beta module to complement your research on Mastech Holdings. For more detail on how to invest in Mastech Stock please use our How to Invest in Mastech Holdings guide.You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
Mastech Holdings 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.