Marten Transport Stock Market Value
MRTN Stock | USD 16.76 0.25 1.47% |
Symbol | Marten |
Marten Transport Price To Book Ratio
Is Marten Transport'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 Marten Transport. If investors know Marten 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 Marten Transport 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 (0.52) | Dividend Share 0.24 | Earnings Share 0.86 | Revenue Per Share 13.922 | Quarterly Revenue Growth (0.17) |
The market value of Marten Transport is measured differently than its book value, which is the value of Marten that is recorded on the company's balance sheet. Investors also form their own opinion of Marten Transport's value that differs from its market value or its book value, called intrinsic value, which is Marten Transport'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 Marten Transport's market value can be influenced by many factors that don't directly affect Marten Transport'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 Marten Transport's value and its price as these two are different measures arrived at by different means. Investors typically determine if Marten Transport is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Marten Transport'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.
Marten Transport '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 Marten Transport'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 Marten Transport.
03/18/2024 |
| 04/17/2024 |
If you would invest 0.00 in Marten Transport on March 18, 2024 and sell it all today you would earn a total of 0.00 from holding Marten Transport or generate 0.0% return on investment in Marten Transport over 30 days. Marten Transport is related to or competes with Werner Enterprises, Covenant Logistics, Universal Logistics, Schneider National, Heartland Express, and Knight Transportation. Marten Transport, Ltd. operates as a temperature-sensitive truckload carrier for shippers in the United States, Canada, ... More
Marten Transport 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 Marten Transport'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 Marten Transport upside and downside potential and time the market with a certain degree of confidence.
Information Ratio | (0.19) | |||
Maximum Drawdown | 9.3 | |||
Value At Risk | (2.64) | |||
Potential Upside | 2.02 |
Marten Transport Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Marten Transport's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Marten Transport's standard deviation. In reality, there are many statistical measures that can use Marten Transport historical prices to predict the future Marten Transport's volatility.Risk Adjusted Performance | (0.09) | |||
Jensen Alpha | (0.32) | |||
Total Risk Alpha | (0.38) | |||
Treynor Ratio | (0.20) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Marten Transport'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.
Marten Transport Backtested Returns
Marten Transport has Sharpe Ratio of -0.15, which conveys that the firm had a -0.15% return per unit of risk over the last 3 months. Marten Transport exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Marten Transport's Standard Deviation of 1.57, risk adjusted performance of (0.09), and Mean Deviation of 1.15 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 1.28, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Marten Transport will likely underperform. Marten Transport has an expected return of -0.24%. Please make sure to verify Marten Transport treynor ratio, kurtosis, as well as the relationship between the Kurtosis and day typical price , to decide if Marten Transport performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.06 |
Virtually no predictability
Marten Transport has virtually no predictability. Overlapping area represents the amount of predictability between Marten Transport time series from 18th of March 2024 to 2nd of April 2024 and 2nd of April 2024 to 17th 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 Marten Transport price movement. The serial correlation of 0.06 indicates that barely 6.0% of current Marten Transport price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.06 | |
Spearman Rank Test | -0.02 | |
Residual Average | 0.0 | |
Price Variance | 0.2 |
Marten Transport lagged returns against current returns
Autocorrelation, which is Marten Transport 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 Marten Transport's stock expected returns. We can calculate the autocorrelation of Marten Transport returns to help us make a trade decision. For example, suppose you find that Marten Transport 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 |
Marten Transport 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 Marten Transport stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Marten Transport stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Marten Transport stock over time.
Current vs Lagged Prices |
Timeline |
Marten Transport Lagged Returns
When evaluating Marten Transport's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Marten Transport stock have on its future price. Marten Transport 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, Marten Transport autocorrelation shows the relationship between Marten Transport stock current value and its past values and can show if there is a momentum factor associated with investing in Marten Transport.
Regressed Prices |
Timeline |
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Try AI Portfolio ArchitectCheck out Marten Transport Correlation, Marten Transport Volatility and Marten Transport Alpha and Beta module to complement your research on Marten Transport. To learn how to invest in Marten Stock, please use our How to Invest in Marten Transport guide.You can also try the Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.
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When running Marten Transport's price analysis, check to measure Marten Transport'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 Marten Transport is operating at the current time. Most of Marten Transport's value examination focuses on studying past and present price action to predict the probability of Marten Transport's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Marten Transport's price. Additionally, you may evaluate how the addition of Marten Transport to your portfolios can decrease your overall portfolio volatility.
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Marten Transport 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.