Mcgrath Rentcorp Stock Market Value
| MGRC Stock | USD 120.90 1.44 1.21% |
| Symbol | McGrath |
McGrath RentCorp Price To Book Ratio
Is Commercial Services & Supplies 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 McGrath RentCorp. If investors know McGrath 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 McGrath RentCorp 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 2.688 | Dividend Share 1.89 | Earnings Share 9.15 | Revenue Per Share 36.237 | Quarterly Revenue Growth 0.095 |
The market value of McGrath RentCorp is measured differently than its book value, which is the value of McGrath that is recorded on the company's balance sheet. Investors also form their own opinion of McGrath RentCorp's value that differs from its market value or its book value, called intrinsic value, which is McGrath RentCorp'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 McGrath RentCorp's market value can be influenced by many factors that don't directly affect McGrath RentCorp'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 McGrath RentCorp's value and its price as these two are different measures arrived at by different means. Investors typically determine if McGrath RentCorp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, McGrath RentCorp'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.
McGrath RentCorp '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 McGrath RentCorp'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 McGrath RentCorp.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in McGrath RentCorp on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding McGrath RentCorp or generate 0.0% return on investment in McGrath RentCorp over 30 days. McGrath RentCorp is related to or competes with Alta Equipment, GATX, Mega Matrix, FTAI Aviation, Custom Truck, Herc Holdings, and PROG Holdings. McGrath RentCorp operates as a business to business rental company in the United States and internationally More
McGrath RentCorp 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 McGrath RentCorp'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 McGrath RentCorp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.81 | |||
| Information Ratio | 0.0485 | |||
| Maximum Drawdown | 11.62 | |||
| Value At Risk | (3.05) | |||
| Potential Upside | 3.07 |
McGrath RentCorp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for McGrath RentCorp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as McGrath RentCorp's standard deviation. In reality, there are many statistical measures that can use McGrath RentCorp historical prices to predict the future McGrath RentCorp's volatility.| Risk Adjusted Performance | 0.0939 | |||
| Jensen Alpha | 0.1161 | |||
| Total Risk Alpha | (0.1) | |||
| Sortino Ratio | 0.0532 | |||
| Treynor Ratio | 0.2601 |
McGrath RentCorp Backtested Returns
McGrath RentCorp appears to be very steady, given 3 months investment horizon. McGrath RentCorp has Sharpe Ratio of 0.11, which conveys that the firm had a 0.11% return per unit of risk over the last 3 months. We have found thirty technical indicators for McGrath RentCorp, which you can use to evaluate the volatility of the firm. Please exercise McGrath RentCorp's risk adjusted performance of 0.0939, and Mean Deviation of 1.38 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, McGrath RentCorp holds a performance score of 8. The company secures a Beta (Market Risk) of 0.83, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, McGrath RentCorp's returns are expected to increase less than the market. However, during the bear market, the loss of holding McGrath RentCorp is expected to be smaller as well. Please check McGrath RentCorp's semi variance, day typical price, and the relationship between the maximum drawdown and accumulation distribution , to make a quick decision on whether McGrath RentCorp's current price movements will revert.
Auto-correlation | 0.08 |
Virtually no predictability
McGrath RentCorp has virtually no predictability. Overlapping area represents the amount of predictability between McGrath RentCorp time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th of November 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 McGrath RentCorp price movement. The serial correlation of 0.08 indicates that barely 8.0% of current McGrath RentCorp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.08 | |
| Spearman Rank Test | 0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 2.69 |
McGrath RentCorp lagged returns against current returns
Autocorrelation, which is McGrath RentCorp 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 McGrath RentCorp's stock expected returns. We can calculate the autocorrelation of McGrath RentCorp returns to help us make a trade decision. For example, suppose you find that McGrath RentCorp 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 |
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McGrath RentCorp 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 McGrath RentCorp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if McGrath RentCorp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in McGrath RentCorp stock over time.
Current vs Lagged Prices |
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McGrath RentCorp Lagged Returns
When evaluating McGrath RentCorp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of McGrath RentCorp stock have on its future price. McGrath RentCorp 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, McGrath RentCorp autocorrelation shows the relationship between McGrath RentCorp stock current value and its past values and can show if there is a momentum factor associated with investing in McGrath RentCorp.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether McGrath RentCorp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of McGrath RentCorp'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 Mcgrath Rentcorp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Mcgrath Rentcorp Stock:Check out McGrath RentCorp Correlation, McGrath RentCorp Volatility and McGrath RentCorp Alpha and Beta module to complement your research on McGrath RentCorp. For information on how to trade McGrath Stock refer to our How to Trade McGrath Stock guide.You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
McGrath RentCorp 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.