Martin Marietta Materials Stock Market Value
| MLM Stock | USD 597.81 7.21 1.22% |
| Symbol | Martin |
Martin Marietta Materials Price To Book Ratio
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.
Quarterly Earnings Growth (0.12) | Dividend Share 3.01 | Earnings Share 32.22 | Revenue Per Share 105.734 | Quarterly Revenue Growth (0.05) |
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.
Martin Marietta '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 Martin Marietta'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 Martin Marietta.
| 02/29/2024 |
| 11/25/2024 |
If you would invest 0.00 in Martin Marietta on February 29, 2024 and sell it all today you would earn a total of 0.00 from holding Martin Marietta Materials or generate 0.0% return on investment in Martin Marietta over 270 days. Martin Marietta is related to or competes with CRH PLC, Eagle Materials, Summit Materials, United States, Vulcan Materials, James Hardie, and Cemex SAB. Martin Marietta Materials, Inc., a natural resource-based building materials company, supplies aggregates and heavy-side... More
Martin Marietta 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 Martin Marietta'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 Martin Marietta Materials upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.71 | |||
| Information Ratio | 0.0199 | |||
| Maximum Drawdown | 8.83 | |||
| Value At Risk | (2.61) | |||
| Potential Upside | 2.71 |
Martin Marietta Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Martin Marietta's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Martin Marietta's standard deviation. In reality, there are many statistical measures that can use Martin Marietta historical prices to predict the future Martin Marietta's volatility.| Risk Adjusted Performance | 0.0809 | |||
| Jensen Alpha | 0.0025 | |||
| Total Risk Alpha | (0.11) | |||
| Sortino Ratio | 0.0194 | |||
| Treynor Ratio | 0.1228 |
Martin Marietta Materials Backtested Returns
Martin Marietta appears to be very steady, given 3 months investment horizon. Martin Marietta Materials has Sharpe Ratio of 0.16, which conveys that the firm had a 0.16% return per unit of risk over the last 3 months. We have found thirty technical indicators for Martin Marietta, which you can use to evaluate the volatility of the firm. Please exercise Martin Marietta's Downside Deviation of 1.71, mean deviation of 1.2, and Risk Adjusted Performance of 0.0809 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Martin Marietta holds a performance score of 12. The company secures a Beta (Market Risk) of 1.25, 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, Martin Marietta will likely underperform. Please check Martin Marietta's skewness, and the relationship between the value at risk and day median price , to make a quick decision on whether Martin Marietta's current price movements will revert.
Auto-correlation | -0.64 |
Very good reverse predictability
Martin Marietta Materials has very good reverse predictability. Overlapping area represents the amount of predictability between Martin Marietta time series from 29th of February 2024 to 13th of July 2024 and 13th of July 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 Martin Marietta Materials price movement. The serial correlation of -0.64 indicates that roughly 64.0% of current Martin Marietta price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.64 | |
| Spearman Rank Test | -0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 869.0 |
Martin Marietta Materials lagged returns against current returns
Autocorrelation, which is Martin Marietta 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 Martin Marietta's stock expected returns. We can calculate the autocorrelation of Martin Marietta returns to help us make a trade decision. For example, suppose you find that Martin Marietta 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 |
| Timeline |
Martin Marietta 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 Martin Marietta stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Martin Marietta stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Martin Marietta stock over time.
Current vs Lagged Prices |
| Timeline |
Martin Marietta Lagged Returns
When evaluating Martin Marietta's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Martin Marietta stock have on its future price. Martin Marietta 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, Martin Marietta autocorrelation shows the relationship between Martin Marietta stock current value and its past values and can show if there is a momentum factor associated with investing in Martin Marietta Materials.
Regressed Prices |
| Timeline |
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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.