Martin Marietta (Mexico) Market Value
| MLM Stock | MXN 12,228 381.62 3.22% |
| Symbol | Martin |
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.
| 10/30/2023 |
| 11/23/2024 |
If you would invest 0.00 in Martin Marietta on October 30, 2023 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 390 days. Martin Marietta is related to or competes with CEMEX SAB, Grupo Cementos, Select Sector, Promotora, IShares Global, SPDR Series, and Vanguard World. 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 | 3.56 | |||
| Information Ratio | 0.0941 | |||
| Maximum Drawdown | 12.26 | |||
| Value At Risk | (2.60) | |||
| Potential Upside | 5.0 |
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 | 0.1257 | |||
| Jensen Alpha | 0.4011 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.0562 | |||
| Treynor Ratio | (0.48) |
Martin Marietta Materials Backtested Returns
Martin Marietta appears to be very steady, given 3 months investment horizon. Martin Marietta Materials has Sharpe Ratio of 0.12, which conveys that the firm had a 0.12% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Martin Marietta, which you can use to evaluate the volatility of the firm. Please exercise Martin Marietta's Mean Deviation of 1.18, downside deviation of 3.56, and Risk Adjusted Performance of 0.1257 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 9. The company secures a Beta (Market Risk) of -0.66, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Martin Marietta are expected to decrease at a much lower rate. During the bear market, Martin Marietta is likely to outperform the market. Please check Martin Marietta's expected short fall, day typical price, and the relationship between the potential upside and daily balance of power , to make a quick decision on whether Martin Marietta's current price movements will revert.
Auto-correlation | 0.46 |
Average predictability
Martin Marietta Materials has average predictability. Overlapping area represents the amount of predictability between Martin Marietta time series from 30th of October 2023 to 12th of May 2024 and 12th of May 2024 to 23rd 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 0.46 indicates that about 46.0% of current Martin Marietta price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.46 | |
| Spearman Rank Test | 0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 453.5 K |
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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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.Additional Tools for Martin Stock Analysis
When running Martin Marietta's price analysis, check to measure Martin Marietta'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 Marietta is operating at the current time. Most of Martin Marietta's value examination focuses on studying past and present price action to predict the probability of Martin Marietta'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 Marietta's price. Additionally, you may evaluate how the addition of Martin Marietta to your portfolios can decrease your overall portfolio volatility.