MRC Global Backtesting

MRC Global Inc -- USA Stock  

USD 18.66  0.32  1.69%

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
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Backtest

MRC Global 'What if' Analysis

December 18, 2017
0.00
No Change 0.00  0.0%
In 31 days
January 17, 2018
0.00
If you would invest  0.00  in MRC Global on December 18, 2017 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 Cheniere Energy, Enbridge Energy, TechnipFMC plc, Halliburton, and Magellan Midstream. It offers ball butterfly gate globe check needle and plug valves and other products such as lined corrosion resistant pi...

MRC Global Upside/Downside Indicators

  

MRC Global Market Premium Indicators

MRC Global Inc lagged returns against current returns

 Current and Lagged Values 
      Timeline 

MRC Global regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

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.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.72 

Good predictability

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

 Regressed Prices 
      Timeline 

MRC Global Performance vs DOW

The median price of MRC Global for the period between Mon, Dec 18, 2017 and Wed, Jan 17, 2018 is 17.21 with a coefficient of variation of 5.25. The daily time series for the period is distributed with a sample standard deviation of 0.9, arithmetic mean of 17.22, and mean deviation of 0.74. The Stock received some media coverage during the period.
Price Growth (%)  
      Timeline 
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Investors are Looking at Technical Levels on Shares of Mrc G...01/17/2018