Martin Marietta (Germany) Market Value
| MMX Stock | 562.00 2.40 0.43% |
| 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.
| 12/12/2022 |
| 12/01/2024 |
If you would invest 0.00 in Martin Marietta on December 12, 2022 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 720 days. Martin Marietta is related to or competes with Apple, Apple, Apple, Apple, Apple, Apple, and Microsoft. 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 | 1.35 | |||
| Information Ratio | 0.0965 | |||
| Maximum Drawdown | 6.8 | |||
| Value At Risk | (2.45) | |||
| Potential Upside | 2.35 |
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 | 0.152 | |||
| Jensen Alpha | 0.1888 | |||
| Total Risk Alpha | 0.0269 | |||
| Sortino Ratio | 0.1025 | |||
| Treynor Ratio | 0.4407 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Martin Marietta's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Martin Marietta Materials Backtested Returns
Martin Marietta appears to be very steady, given 3 months investment horizon. Martin Marietta Materials has Sharpe Ratio of 0.17, which conveys that the firm had a 0.17% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Martin Marietta, which you can use to evaluate the volatility of the firm. Please exercise Martin Marietta's Risk Adjusted Performance of 0.152, downside deviation of 1.35, and Mean Deviation of 1.06 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 13. The company secures a Beta (Market Risk) of 0.6, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Martin Marietta's returns are expected to increase less than the market. However, during the bear market, the loss of holding Martin Marietta is expected to be smaller as well. Please check Martin Marietta's semi variance, and the relationship between the maximum drawdown and daily balance of power , to make a quick decision on whether Martin Marietta's current price movements will revert.
Auto-correlation | 0.11 |
Insignificant predictability
Martin Marietta Materials has insignificant predictability. Overlapping area represents the amount of predictability between Martin Marietta time series from 12th of December 2022 to 7th of December 2023 and 7th of December 2023 to 1st 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 Martin Marietta Materials price movement. The serial correlation of 0.11 indicates that less than 11.0% of current Martin Marietta price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.11 | |
| Spearman Rank Test | 0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 1548.51 |
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 |
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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 |
Thematic Opportunities
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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.