Martin Marietta Materials Stock Price on October 21, 2024
| MLM Stock | USD 593.22 6.78 1.13% |
If you're considering investing in Martin Stock, it is important to understand the factors that can impact its price. As of today, the current price of Martin Marietta stands at 593.22, as last reported on the 3rd of December, with the highest price reaching 601.57 and the lowest price hitting 590.61 during the day. Martin Marietta appears to be very steady, given 3 months investment horizon. Martin Marietta Materials has Sharpe Ratio of 0.17, which conveys that the firm had a 0.17% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Martin Marietta, which you can use to evaluate the volatility of the firm. Please exercise Martin Marietta's Downside Deviation of 1.33, mean deviation of 1.02, and Risk Adjusted Performance of 0.1333 to check out if our risk estimates are consistent with your expectations.
Martin Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Martin |
Sharpe Ratio = 0.1683
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Estimated Market Risk
| 1.44 actual daily | 12 88% of assets are more volatile |
Expected Return
| 0.24 actual daily | 4 96% of assets have higher returns |
Risk-Adjusted Return
| 0.17 actual daily | 13 87% of assets perform better |
Based on monthly moving average Martin Marietta is performing at about 13% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Martin Marietta by adding it to a well-diversified portfolio.
Martin Marietta Valuation on October 21, 2024
It is possible to determine the worth of Martin Marietta on a given historical date. On October 21, 2024 Martin was worth 580.12 at the beginning of the trading date compared to the closed value of 577.53. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Martin Marietta stock. Still, in general, we apply an absolute valuation method to find Martin Marietta's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Martin Marietta where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Martin Marietta's related companies.
| Open | High | Low | Close | Volume | |
| 575.54 | 582.65 | 567.41 | 581.00 | 353,995 | |
10/21/2024 | 580.12 | 580.41 | 573.27 | 577.53 | 363,194 |
| 575.36 | 575.36 | 560.64 | 560.95 | 307,387 |
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Martin Marietta Trading Date Momentum on October 21, 2024
| On October 22 2024 Martin Marietta Materials was traded for 560.95 at the closing time. Highest Martin Marietta's price during the trading hours was 575.36 and the lowest price during the day was 560.64 . The net volume was 307.4 K. The overall trading history on the 22nd of October contributed to the next trading period price depreciation. The trading delta at closing time to the next next day price was 2.87% . The trading delta at closing time to current price is 3.31% . |
Martin Marietta Materials Fundamentals Correlations and Trends
By evaluating Martin Marietta's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Martin Marietta's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Martin financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Martin Marietta Stock history
Martin Marietta investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Martin is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Martin Marietta Materials will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Martin Marietta stock prices may prove useful in developing a viable investing in Martin Marietta
Martin Marietta Materials, Inc., a natural resource-based building materials company, supplies aggregates and heavy-side building materials to the construction industry in the United States and internationally. The company was founded in 19 and is headquartered in Raleigh, North Carolina. Martin Marietta operates under Building Materials classification in the United States and is traded on New York Stock Exchange. It employs 10000 people.
Martin Marietta Stock Technical Analysis
Martin Marietta 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.
Price Boundaries
Martin Marietta Period Price Range
Low | December 3, 2024
| High |
0.00 | 0.00 |
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Martin Marietta December 3, 2024 Market Strength
Market strength indicators help investors to evaluate how Martin Marietta stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Martin Marietta shares will generate the highest return on investment. By undertsting and applying Martin Marietta stock market strength indicators, traders can identify Martin Marietta Materials entry and exit signals to maximize returns
Martin Marietta Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Martin Marietta's price direction in advance. Along with the technical and fundamental analysis of Martin Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Martin to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.1333 | |||
| Jensen Alpha | 0.2111 | |||
| Total Risk Alpha | 0.017 | |||
| Sortino Ratio | 0.0889 | |||
| Treynor Ratio | 1.23 |
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Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Martin Marietta Materials. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis. You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
Is Construction Materials space 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 Martin Marietta. If investors know Martin 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 Martin Marietta listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Martin Marietta Materials is measured differently than its book value, which is the value of Martin that is recorded on the company's balance sheet. Investors also form their own opinion of Martin Marietta's value that differs from its market value or its book value, called intrinsic value, which is Martin Marietta'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 Martin Marietta's market value can be influenced by many factors that don't directly affect Martin Marietta'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 Martin Marietta's value and its price as these two are different measures arrived at by different means. Investors typically determine if Martin Marietta is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Martin Marietta'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.