Murata Manufacturing Stock Market Value

MRAAY Stock  USD 9.33  0.07  0.74%   
Murata Manufacturing's market value is the price at which a share of Murata Manufacturing trades on a public exchange. It measures the collective expectations of Murata Manufacturing investors about its performance. Murata Manufacturing is trading at 9.33 as of the 29th of March 2024; that is -0.74 percent down since the beginning of the trading day. The stock's open price was 9.4.
With this module, you can estimate the performance of a buy and hold strategy of Murata Manufacturing and determine expected loss or profit from investing in Murata Manufacturing over a given investment horizon. Check out Murata Manufacturing Correlation, Murata Manufacturing Volatility and Murata Manufacturing Alpha and Beta module to complement your research on Murata Manufacturing.
Symbol

Please note, there is a significant difference between Murata Manufacturing's value and its price as these two are different measures arrived at by different means. Investors typically determine if Murata Manufacturing is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Murata Manufacturing'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.

Murata Manufacturing '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 Murata Manufacturing's pink sheet 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 Murata Manufacturing.
0.00
02/28/2024
No Change 0.00  0.0 
In 30 days
03/29/2024
0.00
If you would invest  0.00  in Murata Manufacturing on February 28, 2024 and sell it all today you would earn a total of 0.00 from holding Murata Manufacturing or generate 0.0% return on investment in Murata Manufacturing over 30 days. Murata Manufacturing is related to or competes with Amphenol, Hon Hai, TE Connectivity, Murata Manufacturing, Corning Incorporated, and Jabil Circuit. Murata Manufacturing Co., Ltd. designs, manufactures, and sells ceramic-based passive electronic components and solution... More

Murata Manufacturing 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 Murata Manufacturing's pink sheet 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 Murata Manufacturing upside and downside potential and time the market with a certain degree of confidence.

Murata Manufacturing Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Murata Manufacturing's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Murata Manufacturing's standard deviation. In reality, there are many statistical measures that can use Murata Manufacturing historical prices to predict the future Murata Manufacturing's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Murata Manufacturing'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.
Hype
Prediction
LowEstimatedHigh
7.819.3310.85
Details
Intrinsic
Valuation
LowRealHigh
8.109.6211.14
Details
Naive
Forecast
LowNextHigh
7.779.2910.82
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
9.219.6910.16
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Murata Manufacturing. Your research has to be compared to or analyzed against Murata Manufacturing's peers to derive any actionable benefits. When done correctly, Murata Manufacturing's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Murata Manufacturing.

Murata Manufacturing Backtested Returns

Murata Manufacturing has Sharpe Ratio of -0.1, which conveys that the firm had a -0.1% return per unit of risk over the last 3 months. Murata Manufacturing exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Murata Manufacturing's Mean Deviation of 1.26, risk adjusted performance of (0.03), and Standard Deviation of 1.54 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 1.41, 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, Murata Manufacturing will likely underperform. Murata Manufacturing has an expected return of -0.16%. Please make sure to verify Murata Manufacturing total risk alpha, kurtosis, as well as the relationship between the Kurtosis and day typical price , to decide if Murata Manufacturing performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  0.66  

Good predictability

Murata Manufacturing has good predictability. Overlapping area represents the amount of predictability between Murata Manufacturing time series from 28th of February 2024 to 14th of March 2024 and 14th of March 2024 to 29th of March 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 Murata Manufacturing price movement. The serial correlation of 0.66 indicates that around 66.0% of current Murata Manufacturing price fluctuation can be explain by its past prices.
Correlation Coefficient0.66
Spearman Rank Test0.35
Residual Average0.0
Price Variance0.02

Murata Manufacturing lagged returns against current returns

Autocorrelation, which is Murata Manufacturing pink sheet'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 Murata Manufacturing's pink sheet expected returns. We can calculate the autocorrelation of Murata Manufacturing returns to help us make a trade decision. For example, suppose you find that Murata Manufacturing has exhibited high autocorrelation historically, and you observe that the pink sheet 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  

Murata Manufacturing 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 Murata Manufacturing pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Murata Manufacturing pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Murata Manufacturing pink sheet over time.
   Current vs Lagged Prices   
       Timeline  

Murata Manufacturing Lagged Returns

When evaluating Murata Manufacturing's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Murata Manufacturing pink sheet have on its future price. Murata Manufacturing 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, Murata Manufacturing autocorrelation shows the relationship between Murata Manufacturing pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Murata Manufacturing.
   Regressed Prices   
       Timeline  

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Check out Murata Manufacturing Correlation, Murata Manufacturing Volatility and Murata Manufacturing Alpha and Beta module to complement your research on Murata Manufacturing.
Note that the Murata Manufacturing information on this page should be used as a complementary analysis to other Murata Manufacturing's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.

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Murata Manufacturing technical pink sheet 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, pink sheet market cycles, or different charting patterns.
A focus of Murata Manufacturing technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Murata Manufacturing trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...