MRC Global Inc Backtested Returns
Macroaxis considers MRC Global not too volatile given 1 month investment horizon. MRC Global Inc
retains Efficiency (Sharpe Ratio) of 0.4116 which conveys that MRC Global Inc
had 0.4116% of return per unit of risk over the last 1 month. Our philosophy in estimating volatility of a stock is to use all available market data together with company specific technical indicators
that cannot be diversified away. By analyzing MRC Global Inc technical indicators
you can now evaluate if the expected return of 0.6615% is justified by implied risk. Please exercise MRC Global Inc Semi Deviation
of 0.6256, Market Risk Adjusted Performance
of (0.99) and Mean Deviation of 1.29 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100 MRC Global holds performance score of 27. The company owns Beta (Systematic Risk) of -0.7873 which conveys that as returns on market increase, returns on owning MRC Global are expected to decrease at a much smaller rate. During bear market, MRC Global is likely to outperform the market.. Although it is vital to follow to MRC Global Inc existing price patterns, it is good to be conservative about what you can actually do with the information regarding equity price patterns. The philosophy in estimating future performance of any stock is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators. We have found twenty-one technical indicators for MRC Global which you can use to evaluate performance of the firm. Please exercises MRC Global Inc Treynor Ratio, and the relationship between Standard Deviation and Downside Variance to make a quick decision on weather MRC Global Inc current price history will revert.
|15 days auto-correlation|| 0.72 |
MRC Global Inc has good predictability. Overlapping area represents the amount of predictability between MRC Global time series from December 18, 2017 to January 2, 2018 and January 2, 2018 to January 17, 2018. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of MRC Global Inc price movement. The serial correlation of 0.72 indicates that around 72.0% of current MRC Global price fluctuation can be explain by its past prices.
|Correlation Coefficient|| 0.72|
|Spearman Rank Test|| 0.84|
|Price Variance|| 0.29|
|Lagged Price Variance|| 0.11|
MRC Global Lagged Returns