Mrc Global Stock Alpha and Beta Analysis

MRC Stock  USD 12.56  0.04  0.32%   
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as MRC Global. It also helps investors analyze the systematic and unsystematic risks associated with investing in MRC Global over a specified time horizon. Remember, high MRC Global's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to MRC Global's market risk premium analysis include:
Beta
1.83
Alpha
(0.02)
Risk
2.31
Sharpe Ratio
0.1
Expected Return
0.24
Please note that although MRC Global alpha is a measure of relative return and represented here as a single number, it indicates the percentage above or below your selected benchmark (i.e., NYSE Composite index.) So in this particular case, MRC Global did 0.02  worse than the index. Remember, a high alpha is always good. Beta, on the other hand, measures the volatility (or risk) of an investment. It is an indication of MRC Global stock's relative risk over its benchmark. MRC Global has a beta of 1.83  . As the market goes up, the company is expected to outperform it. However, if the market returns are negative, MRC Global will likely underperform. At present, MRC Global's Price Fair Value is projected to slightly decrease based on the last few years of reporting.
Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
  
Check out MRC Global Backtesting, MRC Global Valuation, MRC Global Correlation, MRC Global Hype Analysis, MRC Global Volatility, MRC Global History and analyze MRC Global Performance.
For information on how to trade MRC Stock refer to our How to Trade MRC Stock guide.

MRC Global Market Premiums

Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. MRC Global market risk premium is the additional return an investor will receive from holding MRC Global long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in MRC Global. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate MRC Global's performance over market.
α-0.02   β1.83

MRC Global expected buy-and-hold returns

Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of MRC Global's Buy-and-hold return. Our buy-and-hold chart shows how MRC Global performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.

MRC Global Market Price Analysis

Market price analysis indicators help investors to evaluate how MRC Global stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading MRC Global shares will generate the highest return on investment. By understating and applying MRC Global stock market price indicators, traders can identify MRC Global position entry and exit signals to maximize returns.

MRC Global Return and Market Media

The median price of MRC Global for the period between Fri, Dec 29, 2023 and Thu, Mar 28, 2024 is 11.12 with a coefficient of variation of 7.41. The daily time series for the period is distributed with a sample standard deviation of 0.84, arithmetic mean of 11.28, and mean deviation of 0.76. The Stock received a lot of media exposure during the period.
 Price Growth (%)  
       Timeline  
1
Madison River Capital Makes Strategic Investment Into Senior Care Therapy
01/10/2024
2
Payment of 8432 shares by Kelly Youngblood of MRC Global subject to Rule 16b-3
02/09/2024
3
MRC Q4 Earnings Snapshot
02/13/2024
4
Earnings call MRC Global reports record margins, plans for growth
02/15/2024
5
MRC Global Exhibits Strong Prospects, Risks Persist
02/16/2024
6
MRC Global Inc. Shares Sold by Fuller Thaler Asset Management Inc.
02/21/2024
7
Charles Schwab Investment Management Inc. Sells 13704 Shares of MRC Global Inc. - AmericanBankingNEWS
02/27/2024
8
ClearSale EVP to Host Merchant Risk Council Webinar on Fraud Ecosystem
03/06/2024
9
AQR Capital Management LLC Decreases Stock Position in MRC Global Inc. - Defense World
03/13/2024
10
Disposition of 46079 shares by Robert Saltiel of MRC Global at 12.46 subject to Rule 16b-3
03/15/2024
11
IPQS Takes Center Stage as Overall Sponsor of MRC Vegas 2024
03/19/2024
12
Why Is Valmont Up 0.3 percent Since Last Earnings Report
03/22/2024
13
MRC Global Announces First Quarter 2024 Earnings Release, Conference Call and Webcast Schedule
03/25/2024

About MRC Global Beta and Alpha

For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including MRC or other stocks. Alpha measures the amount that position in MRC Global has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
 2023 2024 (projected)
Dividend Yield0.02590.0158
Price To Sales Ratio0.270.41

MRC Global Upcoming Company Events

As portrayed in its financial statements, the presentation of MRC Global's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, MRC Global's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of MRC Global's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of MRC Global. Please utilize our Beneish M Score to check the likelihood of MRC Global's management manipulating its earnings.
13th of February 2024
Upcoming Quarterly Report
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13th of May 2024
Next Financial Report
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31st of December 2023
Next Fiscal Quarter End
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13th of February 2024
Next Fiscal Year End
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30th of September 2023
Last Quarter Report
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31st of December 2022
Last Financial Announcement
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By capturing your risk tolerance and investment horizon Macroaxis technology of instant portfolio optimization will compute exactly how much risk is acceptable for your desired return expectations
When determining whether MRC Global offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of MRC Global'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 Mrc Global Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Mrc Global Stock:

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When running MRC Global's price analysis, check to measure MRC Global'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 MRC Global is operating at the current time. Most of MRC Global's value examination focuses on studying past and present price action to predict the probability of MRC Global's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move MRC Global's price. Additionally, you may evaluate how the addition of MRC Global to your portfolios can decrease your overall portfolio volatility.
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MRC Global 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.
A focus of MRC Global technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of MRC Global trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...