Mrc Global Stock Market Value

MRC Stock  USD 12.57  0.01  0.08%   
MRC Global's market value is the price at which a share of MRC Global trades on a public exchange. It measures the collective expectations of MRC Global investors about its performance. MRC Global is trading at 12.57 as of the 29th of March 2024, a 0.08% increase since the beginning of the trading day. The stock's open price was 12.56.
With this module, you can estimate the performance of a buy and hold strategy of MRC Global and determine expected loss or profit from investing in MRC Global over a given investment horizon. Check 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.
Symbol

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.
0.00
04/09/2022
No Change 0.00  0.0 
In 1 year 11 months and 21 days
03/29/2024
0.00
If you would invest  0.00  in MRC Global on April 9, 2022 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 720 days. MRC Global is related to or competes with Newpark Resources, Tenaris SA, Dawson Geophysical, Bristow, Enerflex, NCS Multistage, and Enservco. 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.

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.
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.
Hype
Prediction
LowEstimatedHigh
10.2812.5814.88
Details
Intrinsic
Valuation
LowRealHigh
10.6812.9815.28
Details
Naive
Forecast
LowNextHigh
10.3212.6314.93
Details
6 Analysts
Consensus
LowTargetHigh
12.7414.0015.54
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as MRC Global. Your research has to be compared to or analyzed against MRC Global's peers to derive any actionable benefits. When done correctly, MRC Global'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 MRC Global.

MRC Global Backtested Returns

MRC Global appears to be not too volatile, given 3 months investment horizon. MRC Global retains Efficiency (Sharpe Ratio) of 0.0917, which conveys that the firm had a 0.0917% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for MRC Global, which you can use to evaluate the volatility of the firm. Please exercise MRC Global's Mean Deviation of 1.33, semi deviation of 1.45, and Market Risk Adjusted Performance of 0.1324 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 7. The company owns a Beta (Systematic Risk) of 1.83, 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, MRC Global will likely underperform. Please check MRC Global's downside variance, day median price, and 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

    
  0.00  

No correlation between past and present

MRC Global has no correlation between past and present. Overlapping area represents the amount of predictability between MRC Global time series from 9th of April 2022 to 4th of April 2023 and 4th of April 2023 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 MRC Global price movement. The serial correlation of 0.0 indicates that just 0.0% of current MRC Global price fluctuation can be explain by its past prices.
Correlation Coefficient0.0
Spearman Rank Test0.06
Residual Average0.0
Price Variance0.87

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  

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards MRC Global in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, MRC Global's short interest history, or implied volatility extrapolated from MRC Global options trading.

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When determining whether MRC Global offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of MRC Global's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Mrc Global Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Mrc Global Stock:
Check 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 Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.

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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.
A focus of MRC Global technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of MRC Global 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...