Martin Midstream Partners Stock Beta

MMLP Stock

USD 4.00 0.02 0.50%

Martin Midstream Partners fundamentals help investors to digest information that contributes to Martin Midstream's financial success or failures. It also enables traders to predict the movement of Martin Stock. The fundamental analysis module provides a way to measure Martin Midstream's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Martin Midstream stock.

Total Current Liabilities Other Current Liab

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Martin Midstream Partners Company Beta Analysis

Martin Midstream's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.

Beta

Covariance

Variance

More About Beta | All Equity Analysis

Current Martin Midstream Beta

2.11

Most of Martin Midstream's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Martin Midstream Partners is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Martin Beta Driver Correlations

Understanding the fundamental principles of building solid financial models for Martin Midstream is extremely important. It helps to project a fair market value of Martin Stock properly, considering its historical fundamentals such as Beta. Since Martin Midstream's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Martin Midstream's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Martin Midstream's interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Accounts Payable	Long Term Debt	Good Will	Total Liab	Intangible Assets	Property Plant Equipment	Net Debt	Net Receivables	Total Current Assets	Short Term Debt	Common Stock	Current Deferred Revenue	Net Tangible Assets	Long Term Debt Total	Deferred Long Term Liab	Short Long Term Debt	Accumulated Depreciation	Net Invested Capital	Net Working Capital
Total Assets		0.28	0.56	0.92	0.53	0.93	0.77	0.96	0.89	0.61	0.72	-0.03	0.84	0.1	0.62	0.85	-0.29	0.52	0.32	0.6	0.47
Total Stockholder Equity	0.28		0.32	0.27	0.15	0.29	0.3	0.15	0.26	0.26	0.36	-0.05	0.24	0.0	0.2	0.28	-0.29	0.44	0.33	0.21	0.43
Accounts Payable	0.56	0.32		0.31	0.83	0.43	0.4	0.33	0.28	0.88	0.82	-0.3	0.35	0.18	0.49	0.12	-0.52	0.52	0.56	0.47	0.4
Long Term Debt	0.92	0.27	0.31		0.4	0.99	0.66	0.95	1.0	0.42	0.59	0.16	0.69	0.3	0.33	0.89	0.01	0.24	-0.01	0.33	0.32
Good Will	0.53	0.15	0.83	0.4		0.51	0.49	0.4	0.4	0.61	0.58	-0.06	0.13	0.45	0.19	0.13	-0.22	0.21	0.24	0.17	0.07
Total Liab	0.93	0.29	0.43	0.99	0.51		0.65	0.93	0.99	0.52	0.67	0.16	0.66	0.37	0.32	0.83	-0.02	0.25	0.03	0.31	0.3
Intangible Assets	0.77	0.3	0.4	0.66	0.49	0.65		0.76	0.64	0.22	0.3	-0.11	0.64	-0.08	0.64	0.74	-0.41	0.56	0.4	0.6	0.49
Property Plant Equipment	0.96	0.15	0.33	0.95	0.4	0.93	0.76		0.93	0.4	0.54	0.07	0.81	0.08	0.52	0.91	-0.14	0.37	0.15	0.5	0.36
Net Debt	0.89	0.26	0.28	1.0	0.4	0.99	0.64	0.93		0.38	0.56	0.21	0.64	0.36	0.26	0.87	0.07	0.18	-0.06	0.25	0.24
Net Receivables	0.61	0.26	0.88	0.42	0.61	0.52	0.22	0.4	0.38		0.96	-0.26	0.49	0.23	0.44	0.2	-0.38	0.41	0.42	0.41	0.38
Total Current Assets	0.72	0.36	0.82	0.59	0.58	0.67	0.3	0.54	0.56	0.96		-0.18	0.55	0.29	0.41	0.36	-0.29	0.35	0.31	0.38	0.42
Short Term Debt	-0.03	-0.05	-0.3	0.16	-0.06	0.16	-0.11	0.07	0.21	-0.26	-0.18		-0.17	0.47	-0.41	0.04	0.27	-0.33	-0.4	-0.41	-0.61
Common Stock	0.84	0.24	0.35	0.69	0.13	0.66	0.64	0.81	0.64	0.49	0.55	-0.17		-0.33	0.85	0.81	-0.52	0.7	0.53	0.8	0.64
Current Deferred Revenue	0.1	0.0	0.18	0.3	0.45	0.37	-0.08	0.08	0.36	0.23	0.29	0.47	-0.33		-0.56	-0.11	0.49	-0.54	-0.58	-0.56	-0.4
Net Tangible Assets	0.62	0.2	0.49	0.33	0.19	0.32	0.64	0.52	0.26	0.44	0.41	-0.41	0.85	-0.56		0.53	-0.78	0.91	0.81	0.98	0.78
Long Term Debt Total	0.85	0.28	0.12	0.89	0.13	0.83	0.74	0.91	0.87	0.2	0.36	0.04	0.81	-0.11	0.53		-0.15	0.46	0.19	0.54	0.47
Deferred Long Term Liab	-0.29	-0.29	-0.52	0.01	-0.22	-0.02	-0.41	-0.14	0.07	-0.38	-0.29	0.27	-0.52	0.49	-0.78	-0.15		-0.8	-0.81	-0.73	-0.59
Short Long Term Debt	0.52	0.44	0.52	0.24	0.21	0.25	0.56	0.37	0.18	0.41	0.35	-0.33	0.7	-0.54	0.91	0.46	-0.8		0.9	0.93	0.74
Accumulated Depreciation	0.32	0.33	0.56	-0.01	0.24	0.03	0.4	0.15	-0.06	0.42	0.31	-0.4	0.53	-0.58	0.81	0.19	-0.81	0.9		0.78	0.55
Net Invested Capital	0.6	0.21	0.47	0.33	0.17	0.31	0.6	0.5	0.25	0.41	0.38	-0.41	0.8	-0.56	0.98	0.54	-0.73	0.93	0.78		0.81
Net Working Capital	0.47	0.43	0.4	0.32	0.07	0.3	0.49	0.36	0.24	0.38	0.42	-0.61	0.64	-0.4	0.78	0.47	-0.59	0.74	0.55	0.81

Click cells to compare fundamentals

In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.

Competition

Predict Martin Midstream

In accordance with the recently published financial statements, Martin Midstream Partners has a Beta of 2.112. This is 24.24% higher than that of the Oil, Gas & Consumable Fuels sector and 62.46% higher than that of the Energy industry. The beta for all United States stocks is notably lower than that of the firm.

Martin Beta Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Martin Midstream's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Martin Midstream could also be used in its relative valuation, which is a method of valuing Martin Midstream by comparing valuation metrics of similar companies.

Martin Midstream is currently under evaluation in beta category among its peers.

Martin Midstream ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Martin Midstream's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Martin Midstream's managers, analysts, and investors.

Environmental

Governance

Social

Martin Midstream Institutional Holders

Institutional Holdings refers to the ownership stake in Martin Midstream that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Martin Midstream's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Martin Midstream's value.

		Shares
Ubs Group Ag	2024-06-30	39.6 K
Geode Capital Management, Llc	2024-06-30	33.1 K
Moneta Group Investment Advisors Inc	2024-06-30	27.7 K
Alpine Partners Vi, Llc	2024-06-30	23.8 K
Independent Advisor Alliance	2024-06-30	16.1 K
Jane Street Group Llc	2024-06-30	13.7 K
Hightower Advisors, Llc	2024-06-30	11.4 K
Jones Financial Companies Lllp	2024-06-30	4.6 K
Bank Of America Corp	2024-06-30	3.9 K
Amvescap Plc.	2024-06-30	7.2 M
Goldman Sachs Group Inc	2024-06-30	2.9 M

As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Martin Midstream will likely underperform.

Martin Fundamentals

	Return On Asset	0.16
	Profit Margin	0.01 %
	Operating Margin	0.07 %
	Current Valuation	687.05 M
	Shares Outstanding	39 M
	Shares Owned By Insiders	27.66 %
	Shares Owned By Institutions	41.23 %
	Number Of Shares Shorted	112.98 K
	Price To Earning	5.57 X
	Price To Sales	0.22 X
	Revenue	797.96 M
	Gross Profit	143.69 M
	EBITDA	188.04 M
	Net Income	(4.44 M)
	Cash And Equivalents	45 K
	Total Debt	481.76 M
	Debt To Equity	496.40 %
	Current Ratio	0.75 X
	Book Value Per Share	(1.61) X
	Cash Flow From Operations	137.47 M
	Short Ratio	0.93 X
	Earnings Per Share	0.11 X
	Price To Earnings To Growth	12.84 X
	Target Price	4.0
	Beta	2.11
	Market Capitalization	156 M
	Total Asset	509.38 M
	Retained Earnings	(9.54 M)
	Working Capital	13.75 M
	Current Asset	167.82 M
	Current Liabilities	119.17 M
	Annual Yield	0.01 %
	Five Year Return	15.88 %
	Net Asset	509.38 M
	Last Dividend Paid	0.02

About Martin Midstream Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Martin Midstream Partners's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Martin Midstream using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Martin Midstream Partners based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Please read more on our fundamental analysis page.

Pair Trading with Martin Midstream

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Martin Midstream position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Martin Midstream will appreciate offsetting losses from the drop in the long position's value.

Moving together with Martin Stock

0.67	AM	Antero Midstream Partners	Pair Corr
0.8	EE	Excelerate Energy	Pair Corr
0.63	ET	Energy Transfer LP Aggressive Push	Pair Corr
0.62	DLNG	Dynagas LNG Partners	Pair Corr

Moving against Martin Stock

0.7	LPG	Dorian LPG	Pair Corr
0.63	BROGW	Brooge Energy Limited	Pair Corr
0.51	TEN	Tsakos Energy Navigation Symbol Change	Pair Corr
0.49	FLNG	FLEX LNG	Pair Corr
0.45	GEL	Genesis Energy LP	Pair Corr

The ability to find closely correlated positions to Martin Midstream could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Martin Midstream when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Martin Midstream - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Martin Midstream Partners to buy it.

The correlation of Martin Midstream 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Martin Midstream moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Martin Midstream Partners moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Martin Midstream can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Additional Tools for Martin Stock Analysis

When running Martin Midstream's price analysis, check to measure Martin Midstream'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 Martin Midstream is operating at the current time. Most of Martin Midstream's value examination focuses on studying past and present price action to predict the probability of Martin Midstream's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Martin Midstream's price. Additionally, you may evaluate how the addition of Martin Midstream to your portfolios can decrease your overall portfolio volatility.

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