MRC Global Correlations

MRCDelisted Stock

USD 13.78 1.32 10.59%

The current 90-days correlation between MRC Global and RPC Inc is 0.11 (i.e., Average diversification). The correlation of MRC Global is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

MRC Global Correlation With Market

Excellent diversification

The correlation between MRC Global and DJI is -0.51 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding MRC Global and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in inflation.

Moving against MRC Stock

0.75	HD	Home Depot	Pair Corr
0.69	AMZN	Amazon Inc Earnings Call Today	Pair Corr
0.53	TSM	Taiwan Semiconductor	Pair Corr
0.53	GE	GE Aerospace	Pair Corr
0.49	INTC	Intel	Pair Corr
0.48	DIS	Walt Disney	Pair Corr
0.39	AA	Alcoa Corp Downward Rally	Pair Corr
0.38	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.37	DD	Dupont De Nemours Earnings Call This Week	Pair Corr
0.35	NVDA	NVIDIA	Pair Corr

Related Correlations Analysis

	RES	NESR	VTOL	NPKI	PUMP	HLX	VET	NVGS	LPG	DMLP
RES		0.82	0.66	0.81	0.55	0.73	0.49	0.64	0.55	0.48	RES
NESR	0.82		0.75	0.75	0.4	0.74	0.59	0.76	0.6	0.51	NESR
VTOL	0.66	0.75		0.76	0.62	0.77	0.38	0.43	0.87	0.85	VTOL
NPKI	0.81	0.75	0.76		0.76	0.84	0.4	0.48	0.71	0.59	NPKI
PUMP	0.55	0.4	0.62	0.76		0.8	0.4	0.24	0.56	0.67	PUMP
HLX	0.73	0.74	0.77	0.84	0.8		0.63	0.62	0.65	0.63	HLX
VET	0.49	0.59	0.38	0.4	0.4	0.63		0.78	0.13	0.36	VET
NVGS	0.64	0.76	0.43	0.48	0.24	0.62	0.78		0.3	0.24	NVGS
LPG	0.55	0.6	0.87	0.71	0.56	0.65	0.13	0.3		0.79	LPG
DMLP	0.48	0.51	0.85	0.59	0.67	0.63	0.36	0.24	0.79		DMLP
	RES	NESR	VTOL	NPKI	PUMP	HLX	VET	NVGS	LPG	DMLP

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Risk-Adjusted Indicators

There is a big difference between MRC Stock performing well and MRC Global Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze MRC Global's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
RES	1.97	0.01	0.01	0.07	3.73	(1.99)	4.77	(3.19)	23.85
NESR	1.90	0.59	0.25	0.79	1.83	(2.15)	6.38	(3.09)	11.47
VTOL	1.65	0.14	0.06	0.21	2.11	(1.66)	3.40	(3.37)	11.04
NPKI	1.89	(0.01)	0.00	0.05	2.44	(2.08)	3.95	(3.66)	9.47
PUMP	2.49	0.03	0.01	0.08	3.29	(2.67)	6.75	(6.58)	15.66
HLX	2.08	0.28	0.10	0.31	2.44	(2.30)	4.72	(4.05)	12.24
VET	2.21	0.48	0.18	1.70	2.04	(2.58)	6.26	(3.39)	13.03
NVGS	1.01	0.19	0.12	(1.14)	0.83	(1.32)	2.82	(1.42)	7.71
LPG	1.58	0.11	0.03	0.69	1.97	(1.71)	3.58	(2.53)	10.42
DMLP	1.36	0.06	0.01	0.32	1.48	(1.49)	3.20	(2.60)	6.61

MRC Global Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with MRC Global stock to make a market-neutral strategy. Peer analysis of MRC Global could also be used in its relative valuation, which is a method of valuing MRC Global by comparing valuation metrics with similar companies.

RPC Inc National Energy Services Bristow Group NPK International ProPetro Holding Corp Helix Energy Solutions Vermilion Energy Navigator Holdings Dorian LPG Dorchester Minerals LP American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup

Risk & Return

Correlation

Still Interested in MRC Global?

Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.

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