Marriott International (Germany) Market Value
| MAQ Etf | EUR 269.80 2.80 1.03% |
| Symbol | Marriott |
Please note, there is a significant difference between Marriott International's value and its price as these two are different measures arrived at by different means. Investors typically determine if Marriott International is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Marriott International'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.
Marriott International '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 Marriott International's etf 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 Marriott International.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in Marriott International on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding Marriott International or generate 0.0% return on investment in Marriott International over 30 days. Marriott International is related to or competes with SPDR Barclays. More
Marriott International 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 Marriott International's etf 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 Marriott International upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.33 | |||
| Information Ratio | 0.1944 | |||
| Maximum Drawdown | 10.05 | |||
| Value At Risk | (2.09) | |||
| Potential Upside | 2.18 |
Marriott International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Marriott International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Marriott International's standard deviation. In reality, there are many statistical measures that can use Marriott International historical prices to predict the future Marriott International's volatility.| Risk Adjusted Performance | 0.2101 | |||
| Jensen Alpha | 0.3912 | |||
| Total Risk Alpha | 0.1931 | |||
| Sortino Ratio | 0.2222 | |||
| Treynor Ratio | 5.2 |
Marriott International Backtested Returns
Marriott International appears to be very steady, given 3 months investment horizon. Marriott International has Sharpe Ratio of 0.29, which conveys that the entity had a 0.29% return per unit of risk over the last 3 months. We have found thirty technical indicators for Marriott International, which you can use to evaluate the volatility of the etf. Please exercise Marriott International's Risk Adjusted Performance of 0.2101, mean deviation of 1.02, and Downside Deviation of 1.33 to check out if our risk estimates are consistent with your expectations. The etf secures a Beta (Market Risk) of 0.0768, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Marriott International's returns are expected to increase less than the market. However, during the bear market, the loss of holding Marriott International is expected to be smaller as well.
Auto-correlation | 0.71 |
Good predictability
Marriott International has good predictability. Overlapping area represents the amount of predictability between Marriott International time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th of December 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 Marriott International price movement. The serial correlation of 0.71 indicates that around 71.0% of current Marriott International price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.71 | |
| Spearman Rank Test | 0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 12.24 |
Marriott International lagged returns against current returns
Autocorrelation, which is Marriott International etf'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 Marriott International's etf expected returns. We can calculate the autocorrelation of Marriott International returns to help us make a trade decision. For example, suppose you find that Marriott International has exhibited high autocorrelation historically, and you observe that the etf 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 |
Marriott International 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 Marriott International etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Marriott International etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Marriott International etf over time.
Current vs Lagged Prices |
| Timeline |
Marriott International Lagged Returns
When evaluating Marriott International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Marriott International etf have on its future price. Marriott International 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, Marriott International autocorrelation shows the relationship between Marriott International etf current value and its past values and can show if there is a momentum factor associated with investing in Marriott International.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Other Information on Investing in Marriott Etf
Marriott International financial ratios help investors to determine whether Marriott Etf 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 Marriott with respect to the benefits of owning Marriott International security.