Mrc Global Stock Market Value
| MRC Stock | USD 11.64 0.19 1.61% |
| Symbol | MRC |
MRC Global Price To Book Ratio
Is MRC Global'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 MRC Global. If investors know MRC 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 MRC Global 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 (0.05) | Earnings Share 1.05 | Revenue Per Share 40.523 | Quarterly Revenue Growth (0.12) | Return On Assets 0.0618 |
The market value of MRC Global is measured differently than its book value, which is the value of MRC that is recorded on the company's balance sheet. Investors also form their own opinion of MRC Global's value that differs from its market value or its book value, called intrinsic value, which is MRC Global'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 MRC Global's market value can be influenced by many factors that don't directly affect MRC Global'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 MRC Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if MRC Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MRC Global'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.
MRC Global '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 MRC Global'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 MRC Global.
| 03/19/2024 |
| 04/18/2024 |
If you would invest 0.00 in MRC Global on March 19, 2024 and sell it all today you would earn a total of 0.00 from holding MRC Global or generate 0.0% return on investment in MRC Global over 30 days. MRC Global is related to or competes with Immutep, Home Federal, Anheuser Busch, Marker Therapeutics, Betterware, Formula Systems, and Provident Bancorp. MRC Global Inc., through its subsidiaries, distributes pipes, valves, fittings, and other infrastructure products and se... More
MRC Global 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 MRC Global'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 MRC Global upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.47 | |||
| Information Ratio | 0.0889 | |||
| Maximum Drawdown | 16.54 | |||
| Value At Risk | (2.05) | |||
| Potential Upside | 2.38 |
MRC Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MRC Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MRC Global's standard deviation. In reality, there are many statistical measures that can use MRC Global historical prices to predict the future MRC Global's volatility.| Risk Adjusted Performance | 0.0792 | |||
| Jensen Alpha | 0.2668 | |||
| Total Risk Alpha | 0.0821 | |||
| Sortino Ratio | 0.1319 | |||
| Treynor Ratio | (0.40) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of MRC Global'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.
MRC Global Backtested Returns
MRC Global appears to be not too volatile, given 3 months investment horizon. MRC Global retains Efficiency (Sharpe Ratio) of 0.1, which conveys that the firm had a 0.1% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for MRC Global, which you can use to evaluate the volatility of the firm. Please exercise MRC Global's Market Risk Adjusted Performance of (0.39), mean deviation of 1.27, and Semi Deviation of 1.22 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, MRC Global holds a performance score of 8. The company owns a Beta (Systematic Risk) of -0.59, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning MRC Global are expected to decrease at a much lower rate. During the bear market, MRC Global is likely to outperform the market. Please check MRC Global's information ratio, downside variance, day typical price, as well as the relationship between the treynor ratio and kurtosis , to make a quick decision on whether MRC Global's current price history will revert.
Auto-correlation | 0.37 |
Below average predictability
MRC Global has below average predictability. Overlapping area represents the amount of predictability between MRC Global time series from 19th of March 2024 to 3rd of April 2024 and 3rd of April 2024 to 18th 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 MRC Global price movement. The serial correlation of 0.37 indicates that just about 37.0% of current MRC Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.37 | |
| Spearman Rank Test | 0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 0.17 |
MRC Global lagged returns against current returns
Autocorrelation, which is MRC Global 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 MRC Global's stock expected returns. We can calculate the autocorrelation of MRC Global returns to help us make a trade decision. For example, suppose you find that MRC Global 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 |
MRC Global 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 MRC Global stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MRC Global stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MRC Global stock over time.
Current vs Lagged Prices |
| Timeline |
MRC Global Lagged Returns
When evaluating MRC Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MRC Global stock have on its future price. MRC Global 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, MRC Global autocorrelation shows the relationship between MRC Global stock current value and its past values and can show if there is a momentum factor associated with investing in MRC Global.
Regressed Prices |
| Timeline |
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Try AI Portfolio ArchitectCheck out MRC Global Correlation, MRC Global Volatility and MRC Global Alpha and Beta module to complement your research on MRC Global. For information on how to trade MRC Stock refer to our How to Trade MRC Stock guide.You can also try the Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..
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When running MRC Global's price analysis, check to measure MRC Global'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 MRC Global is operating at the current time. Most of MRC Global's value examination focuses on studying past and present price action to predict the probability of MRC Global's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move MRC Global's price. Additionally, you may evaluate how the addition of MRC Global to your portfolios can decrease your overall portfolio volatility.
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MRC Global 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.