Mcgrath Rentcorp Stock Market Value
| MGRC Stock | USD 107.93 0.27 0.25% |
| Symbol | McGrath |
McGrath RentCorp Price To Book Ratio
Is McGrath RentCorp's industry 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 McGrath RentCorp. If investors know McGrath 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 McGrath RentCorp 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 (0.19) | Dividend Share 1.86 | Earnings Share 4.56 | Revenue Per Share 33.996 | Quarterly Revenue Growth 0.212 |
The market value of McGrath RentCorp is measured differently than its book value, which is the value of McGrath that is recorded on the company's balance sheet. Investors also form their own opinion of McGrath RentCorp's value that differs from its market value or its book value, called intrinsic value, which is McGrath RentCorp'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 McGrath RentCorp's market value can be influenced by many factors that don't directly affect McGrath RentCorp'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 McGrath RentCorp's value and its price as these two are different measures arrived at by different means. Investors typically determine if McGrath RentCorp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, McGrath RentCorp'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.
McGrath RentCorp '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 McGrath RentCorp'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 McGrath RentCorp.
| 03/24/2024 |
| 04/23/2024 |
If you would invest 0.00 in McGrath RentCorp on March 24, 2024 and sell it all today you would earn a total of 0.00 from holding McGrath RentCorp or generate 0.0% return on investment in McGrath RentCorp over 30 days. McGrath RentCorp is related to or competes with Allegion PLC, Resideo Technologies, and Mistras. McGrath RentCorp operates as a business to business rental company in the United States and internationally More
McGrath RentCorp 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 McGrath RentCorp'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 McGrath RentCorp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 12.85 | |||
| Value At Risk | (1.88) | |||
| Potential Upside | 1.65 |
McGrath RentCorp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for McGrath RentCorp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as McGrath RentCorp's standard deviation. In reality, there are many statistical measures that can use McGrath RentCorp historical prices to predict the future McGrath RentCorp's volatility.| Risk Adjusted Performance | 0.0013 | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.24) | |||
| Treynor Ratio | (0.03) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of McGrath RentCorp'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.
McGrath RentCorp Backtested Returns
McGrath RentCorp has Sharpe Ratio of -0.0241, which conveys that the firm had a -0.0241% return per unit of risk over the last 3 months. McGrath RentCorp exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify McGrath RentCorp's risk adjusted performance of 0.0013, and Mean Deviation of 0.8745 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.82, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, McGrath RentCorp's returns are expected to increase less than the market. However, during the bear market, the loss of holding McGrath RentCorp is expected to be smaller as well. McGrath RentCorp has an expected return of -0.0396%. Please make sure to verify McGrath RentCorp skewness, and the relationship between the total risk alpha and rate of daily change , to decide if McGrath RentCorp performance from the past will be repeated at some future point.
Auto-correlation | 0.66 |
Good predictability
McGrath RentCorp has good predictability. Overlapping area represents the amount of predictability between McGrath RentCorp time series from 24th of March 2024 to 8th of April 2024 and 8th of April 2024 to 23rd of April 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 McGrath RentCorp price movement. The serial correlation of 0.66 indicates that around 66.0% of current McGrath RentCorp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.66 | |
| Spearman Rank Test | 0.82 | |
| Residual Average | 0.0 | |
| Price Variance | 11.53 |
McGrath RentCorp lagged returns against current returns
Autocorrelation, which is McGrath RentCorp 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 McGrath RentCorp's stock expected returns. We can calculate the autocorrelation of McGrath RentCorp returns to help us make a trade decision. For example, suppose you find that McGrath RentCorp 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 |
McGrath RentCorp 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 McGrath RentCorp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if McGrath RentCorp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in McGrath RentCorp stock over time.
Current vs Lagged Prices |
| Timeline |
McGrath RentCorp Lagged Returns
When evaluating McGrath RentCorp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of McGrath RentCorp stock have on its future price. McGrath RentCorp 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, McGrath RentCorp autocorrelation shows the relationship between McGrath RentCorp stock current value and its past values and can show if there is a momentum factor associated with investing in McGrath RentCorp.
Regressed Prices |
| Timeline |
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When running McGrath RentCorp's price analysis, check to measure McGrath RentCorp'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 McGrath RentCorp is operating at the current time. Most of McGrath RentCorp's value examination focuses on studying past and present price action to predict the probability of McGrath RentCorp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move McGrath RentCorp's price. Additionally, you may evaluate how the addition of McGrath RentCorp to your portfolios can decrease your overall portfolio volatility.
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McGrath RentCorp 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.