MRC Global Backtesting

MRC Global Inc -- USA Stock  

USD 18.05  1.63  9.93%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of MRC Global Inc and determine expected loss or profit from investing in MRC Global over given investment horizon. Please see also MRC Global Hype Analysis, MRC Global Correlation, MRC Global Valuation, MRC Global Volatility as well as analyze MRC Global Alpha and Beta and MRC Global Performance
 Time Horizon     30 Days    Login   to change

MRC Global 'What if' Analysis

February 22, 2018
No Change 0.00  0.0%
In 31 days
March 24, 2018
If you would invest  0.00  in MRC Global on February 22, 2018 and sell it all today you would earn a total of 0.00 from holding MRC Global Inc or generate 0.0% return on investment in MRC Global over 30 days. MRC Global is related to or competes with Baker Hughes, Cheniere Energy, Enbridge Energy, TechnipFMC plc, Halliburton, and Magellan Midstream. MRC Global Inc., through its subsidiaries, distributes pipes, valves, fittings, and related products and services to the...

MRC Global Upside/Downside Indicators


MRC Global Market Premium Indicators

MRC Global Inc lagged returns against current returns

 Current and Lagged Values 

MRC Global regressed lagged prices vs. current prices

 Current vs Lagged Prices 

MRC Global Inc Backtested Returns

Macroaxis considers MRC Global to be not very risky. MRC Global Inc retains Efficiency (Sharpe Ratio) of -0.082 which conveys that MRC Global Inc had -0.082% of return per unit of risk over the last 1 month. Macroaxis philosophy in estimating risk of any stock is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators. MRC Global exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to verify MRC Global Inc Market Risk Adjusted Performance of 5.02 and Mean Deviation of 1.53 to check out risk estimate we provide. Macroaxis gives MRC Global performance score of 0 on a scale of 0 to 100. The company owns Beta (Systematic Risk) of 0.0377 which conveys that as returns on market increase, MRC Global returns are expected to increase less than the market. However during bear market, the loss on holding MRC Global will be expected to be smaller as well.. Even though it is essential to pay attention to MRC Global Inc existing price patterns, it is always good to be careful when utilizing equity price patterns. Macroaxis philosophy in estimating future performance of any stock is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. MRC Global exposes twenty-one different technical indicators which can help you to evaluate its performance. MRC Global Inc has expected return of -0.1798%. Please be advised to verify MRC Global Inc Treynor Ratio, and the relationship between Standard Deviation and Downside Variance to decide if MRC Global Inc past performance will be repeated at future time.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.33) 

Poor reverse predictability

MRC Global Inc has poor reverse predictability. Overlapping area represents the amount of predictability between MRC Global time series from February 22, 2018 to March 9, 2018 and March 9, 2018 to March 24, 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 -0.33 indicates that nearly 33.0% of current MRC Global price fluctuation can be explain by its past prices. Given that MRC Global Inc has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of MRC Global for similar time interval.
Correlation Coefficient -0.33
Spearman Rank Test -0.22
Price Variance 0.25
Lagged Price Variance 0.12

MRC Global Lagged Returns

 Regressed Prices 

MRC Global Performance vs DOW

The median price of MRC Global for the period between Thu, Feb 22, 2018 and Sat, Mar 24, 2018 is 17.45 with a coefficient of variation of 3.01. The daily time series for the period is distributed with a sample standard deviation of 0.52, arithmetic mean of 17.38, and mean deviation of 0.42. The Stock received some media coverage during the period.
 Price Growth (%)  
MRC Global Inc. Momentum Stock to Focus03/01/2018
Whats Propelling MRC Global Inc. to Increase The Stock Forme...03/23/2018