Mueller Industries Stock Market Value
| MLI Stock | USD 87.90 3.80 4.14% |
| Symbol | Mueller |
Mueller Industries Price To Book Ratio
Is Industrial Machinery & Supplies & Components 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 Mueller Industries. If investors know Mueller 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 Mueller Industries 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 0.265 | Dividend Share 0.75 | Earnings Share 5.14 | Revenue Per Share 32.118 | Quarterly Revenue Growth 0.217 |
The market value of Mueller Industries is measured differently than its book value, which is the value of Mueller that is recorded on the company's balance sheet. Investors also form their own opinion of Mueller Industries' value that differs from its market value or its book value, called intrinsic value, which is Mueller Industries' 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 Mueller Industries' market value can be influenced by many factors that don't directly affect Mueller Industries' 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 Mueller Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine if Mueller Industries is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mueller Industries' 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.
Mueller Industries '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 Mueller Industries' 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 Mueller Industries.
| 05/05/2023 |
| 11/25/2024 |
If you would invest 0.00 in Mueller Industries on May 5, 2023 and sell it all today you would earn a total of 0.00 from holding Mueller Industries or generate 0.0% return on investment in Mueller Industries over 570 days. Mueller Industries is related to or competes with Insteel Industries, Carpenter Technology, Haynes International, Northwest Pipe, Ryerson Holding, Allegheny Technologies, and ESAB Corp. Mueller Industries, Inc. manufactures and sells copper, brass, aluminum, and plastic products in the United States, the ... More
Mueller Industries 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 Mueller Industries' 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 Mueller Industries upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.81 | |||
| Information Ratio | 0.0983 | |||
| Maximum Drawdown | 16.69 | |||
| Value At Risk | (2.39) | |||
| Potential Upside | 2.93 |
Mueller Industries Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mueller Industries' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mueller Industries' standard deviation. In reality, there are many statistical measures that can use Mueller Industries historical prices to predict the future Mueller Industries' volatility.| Risk Adjusted Performance | 0.1184 | |||
| Jensen Alpha | 0.1477 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | 0.1522 | |||
| Treynor Ratio | 0.1926 |
Mueller Industries Backtested Returns
Mueller Industries appears to be very steady, given 3 months investment horizon. Mueller Industries has Sharpe Ratio of 0.14, which conveys that the firm had a 0.14% return per unit of risk over the last 3 months. We have found thirty technical indicators for Mueller Industries, which you can use to evaluate the volatility of the firm. Please exercise Mueller Industries' Mean Deviation of 1.68, downside deviation of 1.81, and Risk Adjusted Performance of 0.1184 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Mueller Industries holds a performance score of 11. The company secures a Beta (Market Risk) of 2.06, 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, Mueller Industries will likely underperform. Please check Mueller Industries' semi variance, day typical price, and the relationship between the maximum drawdown and accumulation distribution , to make a quick decision on whether Mueller Industries' current price movements will revert.
Auto-correlation | 0.67 |
Good predictability
Mueller Industries has good predictability. Overlapping area represents the amount of predictability between Mueller Industries time series from 5th of May 2023 to 14th of February 2024 and 14th of February 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 Mueller Industries price movement. The serial correlation of 0.67 indicates that around 67.0% of current Mueller Industries price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.67 | |
| Spearman Rank Test | 0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 134.51 |
Mueller Industries lagged returns against current returns
Autocorrelation, which is Mueller Industries 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 Mueller Industries' stock expected returns. We can calculate the autocorrelation of Mueller Industries returns to help us make a trade decision. For example, suppose you find that Mueller Industries 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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Mueller Industries 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 Mueller Industries stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mueller Industries stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mueller Industries stock over time.
Current vs Lagged Prices |
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Mueller Industries Lagged Returns
When evaluating Mueller Industries' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mueller Industries stock have on its future price. Mueller Industries 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, Mueller Industries autocorrelation shows the relationship between Mueller Industries stock current value and its past values and can show if there is a momentum factor associated with investing in Mueller Industries.
Regressed Prices |
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Currently Active Assets on Macroaxis
When determining whether Mueller Industries offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Mueller Industries' 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 Mueller Industries Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Mueller Industries Stock:Check out Mueller Industries Correlation, Mueller Industries Volatility and Mueller Industries Alpha and Beta module to complement your research on Mueller Industries. For more detail on how to invest in Mueller Stock please use our How to Invest in Mueller Industries guide.You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
Mueller Industries 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.