Materion Stock Market Value
| MTRN Stock | USD 115.34 3.35 2.82% |
| Symbol | Materion |
Materion Price To Book Ratio
Is Diversified Metals & Mining 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 Materion. If investors know Materion 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 Materion 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 (0.16) | Dividend Share 0.53 | Earnings Share 3.54 | Revenue Per Share 80.612 | Quarterly Revenue Growth 0.083 |
The market value of Materion is measured differently than its book value, which is the value of Materion that is recorded on the company's balance sheet. Investors also form their own opinion of Materion's value that differs from its market value or its book value, called intrinsic value, which is Materion'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 Materion's market value can be influenced by many factors that don't directly affect Materion'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 Materion's value and its price as these two are different measures arrived at by different means. Investors typically determine if Materion is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Materion'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.
Materion '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 Materion'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 Materion.
| 08/28/2024 |
| 11/26/2024 |
If you would invest 0.00 in Materion on August 28, 2024 and sell it all today you would earn a total of 0.00 from holding Materion or generate 0.0% return on investment in Materion over 90 days. Materion is related to or competes with Skeena Resources, Compass Minerals, IperionX Limited, EMX Royalty, Nexa Resources, Fury Gold, and Vizsla Resources. Materion Corporation, through with its subsidiaries, produces advanced engineered materials used in semiconductor, indus... More
Materion 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 Materion'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 Materion upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.18 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 15.89 | |||
| Value At Risk | (2.83) | |||
| Potential Upside | 3.54 |
Materion Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Materion's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Materion's standard deviation. In reality, there are many statistical measures that can use Materion historical prices to predict the future Materion's volatility.| Risk Adjusted Performance | 0.0172 | |||
| Jensen Alpha | (0.25) | |||
| Total Risk Alpha | (0.41) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.0115 |
Materion Backtested Returns
As of now, Materion Stock is very steady. Materion has Sharpe Ratio of 0.0368, which conveys that the firm had a 0.0368% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Materion, which you can use to evaluate the volatility of the firm. Please verify Materion's Mean Deviation of 1.87, risk adjusted performance of 0.0172, and Downside Deviation of 3.18 to check out if the risk estimate we provide is consistent with the expected return of 0.1%. Materion has a performance score of 2 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 2.29, 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, Materion will likely underperform. Materion right now secures a risk of 2.83%. Please verify Materion potential upside, as well as the relationship between the kurtosis and day typical price , to decide if Materion will be following its current price movements.
Auto-correlation | 0.11 |
Insignificant predictability
Materion has insignificant predictability. Overlapping area represents the amount of predictability between Materion time series from 28th of August 2024 to 12th of October 2024 and 12th of October 2024 to 26th 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 Materion price movement. The serial correlation of 0.11 indicates that less than 11.0% of current Materion price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.11 | |
| Spearman Rank Test | -0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 37.3 |
Materion lagged returns against current returns
Autocorrelation, which is Materion 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 Materion's stock expected returns. We can calculate the autocorrelation of Materion returns to help us make a trade decision. For example, suppose you find that Materion 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 |
Materion 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 Materion stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Materion stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Materion stock over time.
Current vs Lagged Prices |
| Timeline |
Materion Lagged Returns
When evaluating Materion's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Materion stock have on its future price. Materion 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, Materion autocorrelation shows the relationship between Materion stock current value and its past values and can show if there is a momentum factor associated with investing in Materion.
Regressed Prices |
| Timeline |
Pair Trading with Materion
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 Materion 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 Materion will appreciate offsetting losses from the drop in the long position's value.Moving against Materion Stock
| 0.39 | NB | NioCorp Developments | PairCorr |
| 0.38 | VZLA | Vizsla Resources Corp | PairCorr |
| 0.32 | FURY | Fury Gold Mines | PairCorr |
The ability to find closely correlated positions to Materion could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Materion 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 Materion - 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 Materion to buy it.
The correlation of Materion 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 Materion moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Materion 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 Materion 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 Materion Correlation, Materion Volatility and Materion Alpha and Beta module to complement your research on Materion. To learn how to invest in Materion Stock, please use our How to Invest in Materion 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.
Materion 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.