MARTIN MARIETTA MATLS Market Value
| 573284AT3 | 93.18 3.30 3.42% |
| Symbol | MARTIN |
MARTIN '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's bond 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.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in MARTIN on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding MARTIN MARIETTA MATLS or generate 0.0% return on investment in MARTIN over 30 days. MARTIN is related to or competes with 00108WAF7, 90331HPL1, Destiny Tech100, Snowflake, Charles Schwab, Granite Construction, and P10. More
MARTIN 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's bond 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 MATLS upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.26) | |||
| Maximum Drawdown | 4.77 | |||
| Value At Risk | (0.43) | |||
| Potential Upside | 0.332 |
MARTIN Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MARTIN's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MARTIN's standard deviation. In reality, there are many statistical measures that can use MARTIN historical prices to predict the future MARTIN's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.15) | |||
| Treynor Ratio | (1.48) |
MARTIN MARIETTA MATLS Backtested Returns
MARTIN MARIETTA MATLS has Sharpe Ratio of -0.0457, which conveys that the bond had a -0.0457% return per unit of volatility over the last 3 months. MARTIN exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify MARTIN's Standard Deviation of 0.6306, mean deviation of 0.2701, and Market Risk Adjusted Performance of (1.47) to check out the risk estimate we provide. The entity secures a Beta (Market Risk) of 0.0531, which conveys not very significant fluctuations relative to the market. As returns on the market increase, MARTIN's returns are expected to increase less than the market. However, during the bear market, the loss of holding MARTIN is expected to be smaller as well.
Auto-correlation | 0.16 |
Very weak predictability
MARTIN MARIETTA MATLS has very weak predictability. Overlapping area represents the amount of predictability between MARTIN time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 MATLS price movement. The serial correlation of 0.16 indicates that over 16.0% of current MARTIN price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.16 | |
| Spearman Rank Test | 0.75 | |
| Residual Average | 0.0 | |
| Price Variance | 0.99 |
MARTIN MARIETTA MATLS lagged returns against current returns
Autocorrelation, which is MARTIN bond'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's bond expected returns. We can calculate the autocorrelation of MARTIN returns to help us make a trade decision. For example, suppose you find that MARTIN has exhibited high autocorrelation historically, and you observe that the bond 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 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 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MARTIN bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MARTIN bond over time.
Current vs Lagged Prices |
| Timeline |
MARTIN Lagged Returns
When evaluating MARTIN's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MARTIN bond have on its future price. MARTIN 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 autocorrelation shows the relationship between MARTIN bond current value and its past values and can show if there is a momentum factor associated with investing in MARTIN MARIETTA MATLS.
Regressed Prices |
| Timeline |
Also Currently Popular
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.Other Information on Investing in MARTIN Bond
MARTIN financial ratios help investors to determine whether MARTIN Bond is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in MARTIN with respect to the benefits of owning MARTIN security.