Monro Muffler Brake Stock Market Value
| MNRO Stock | USD 27.04 0.31 1.16% |
| Symbol | Monro |
Monro Muffler Brake Price To Book Ratio
Is Automotive Retail 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 Monro Muffler. If investors know Monro 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 Monro Muffler 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 (0.56) | Dividend Share 1.12 | Earnings Share 0.87 | Revenue Per Share 40.538 | Quarterly Revenue Growth (0.06) |
The market value of Monro Muffler Brake is measured differently than its book value, which is the value of Monro that is recorded on the company's balance sheet. Investors also form their own opinion of Monro Muffler's value that differs from its market value or its book value, called intrinsic value, which is Monro Muffler'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 Monro Muffler's market value can be influenced by many factors that don't directly affect Monro Muffler'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 Monro Muffler's value and its price as these two are different measures arrived at by different means. Investors typically determine if Monro Muffler is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Monro Muffler'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.
Monro Muffler '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 Monro Muffler'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 Monro Muffler.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Monro Muffler on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Monro Muffler Brake or generate 0.0% return on investment in Monro Muffler over 30 days. Monro Muffler is related to or competes with Motorcar Parts, Standard, Stoneridge, Douglas Dynamics, Dorman Products, Superior Industries, and Gentherm. Monro, Inc. provides automotive undercar repair, and tire sales and services in the United States More
Monro Muffler 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 Monro Muffler'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 Monro Muffler Brake upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.75 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 10.48 | |||
| Value At Risk | (2.57) | |||
| Potential Upside | 3.64 |
Monro Muffler Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Monro Muffler's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Monro Muffler's standard deviation. In reality, there are many statistical measures that can use Monro Muffler historical prices to predict the future Monro Muffler's volatility.| Risk Adjusted Performance | 0.0247 | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.27) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.0271 |
Monro Muffler Brake Backtested Returns
As of now, Monro Stock is very steady. Monro Muffler Brake has Sharpe Ratio of 0.0105, which conveys that the firm had a 0.0105% return per unit of risk over the last 3 months. We have found thirty technical indicators for Monro Muffler, which you can use to evaluate the volatility of the firm. Please verify Monro Muffler's Risk Adjusted Performance of 0.0247, mean deviation of 1.45, and Downside Deviation of 1.75 to check out if the risk estimate we provide is consistent with the expected return of 0.0206%. The company secures a Beta (Market Risk) of 1.4, 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, Monro Muffler will likely underperform. Monro Muffler Brake right now secures a risk of 1.96%. Please verify Monro Muffler Brake expected short fall, and the relationship between the maximum drawdown and rate of daily change , to decide if Monro Muffler Brake will be following its current price movements.
Auto-correlation | -0.9 |
Excellent reverse predictability
Monro Muffler Brake has excellent reverse predictability. Overlapping area represents the amount of predictability between Monro Muffler 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 Monro Muffler Brake price movement. The serial correlation of -0.9 indicates that approximately 90.0% of current Monro Muffler price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.9 | |
| Spearman Rank Test | -0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 1.49 |
Monro Muffler Brake lagged returns against current returns
Autocorrelation, which is Monro Muffler 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 Monro Muffler's stock expected returns. We can calculate the autocorrelation of Monro Muffler returns to help us make a trade decision. For example, suppose you find that Monro Muffler 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 |
Monro Muffler 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 Monro Muffler stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Monro Muffler stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Monro Muffler stock over time.
Current vs Lagged Prices |
| Timeline |
Monro Muffler Lagged Returns
When evaluating Monro Muffler's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Monro Muffler stock have on its future price. Monro Muffler 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, Monro Muffler autocorrelation shows the relationship between Monro Muffler stock current value and its past values and can show if there is a momentum factor associated with investing in Monro Muffler Brake.
Regressed Prices |
| Timeline |
Pair Trading with Monro Muffler
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 Monro Muffler 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 Monro Muffler will appreciate offsetting losses from the drop in the long position's value.Moving together with Monro Stock
Moving against Monro Stock
The ability to find closely correlated positions to Monro Muffler could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Monro Muffler 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 Monro Muffler - 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 Monro Muffler Brake to buy it.
The correlation of Monro Muffler 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 Monro Muffler moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Monro Muffler Brake 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 Monro Muffler 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.Check out Monro Muffler Correlation, Monro Muffler Volatility and Monro Muffler Alpha and Beta module to complement your research on Monro Muffler. You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
Monro Muffler 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.