Marten Transport Stock Market Value
| MRTN Stock | USD 16.65 0.06 0.36% |
| Symbol | Marten |
Marten Transport Price To Book Ratio
Is Cargo Ground Transportation 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 Marten Transport. If investors know Marten 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 Marten Transport 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 (0.72) | Dividend Share 0.24 | Earnings Share 0.41 | Revenue Per Share 12.308 | Quarterly Revenue Growth (0.15) |
The market value of Marten Transport is measured differently than its book value, which is the value of Marten that is recorded on the company's balance sheet. Investors also form their own opinion of Marten Transport's value that differs from its market value or its book value, called intrinsic value, which is Marten Transport'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 Marten Transport's market value can be influenced by many factors that don't directly affect Marten Transport'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 Marten Transport's value and its price as these two are different measures arrived at by different means. Investors typically determine if Marten Transport is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Marten Transport'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.
Marten Transport '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 Marten Transport'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 Marten Transport.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Marten Transport on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Marten Transport or generate 0.0% return on investment in Marten Transport over 30 days. Marten Transport is related to or competes with Werner Enterprises, Covenant Logistics, Universal Logistics, Schneider National, Heartland Express, and Knight Transportation. Marten Transport, Ltd. operates as a temperature-sensitive truckload carrier for shippers in the United States, Canada, ... More
Marten Transport 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 Marten Transport'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 Marten Transport upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 11.37 | |||
| Value At Risk | (2.57) | |||
| Potential Upside | 2.42 |
Marten Transport Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Marten Transport's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Marten Transport's standard deviation. In reality, there are many statistical measures that can use Marten Transport historical prices to predict the future Marten Transport's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | (0.25) | |||
| Treynor Ratio | (0.02) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Marten Transport'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.
Marten Transport Backtested Returns
Marten Transport has Sharpe Ratio of -0.0288, which conveys that the firm had a -0.0288% return per unit of risk over the last 3 months. Marten Transport exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Marten Transport's Mean Deviation of 1.33, standard deviation of 1.89, and insignificant Risk Adjusted Performance to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 1.62, 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, Marten Transport will likely underperform. At this point, Marten Transport has a negative expected return of -0.0545%. Please make sure to verify Marten Transport's treynor ratio, kurtosis, as well as the relationship between the Kurtosis and day typical price , to decide if Marten Transport performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.52 |
Good reverse predictability
Marten Transport has good reverse predictability. Overlapping area represents the amount of predictability between Marten Transport 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 Marten Transport price movement. The serial correlation of -0.52 indicates that about 52.0% of current Marten Transport price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.52 | |
| Spearman Rank Test | -0.71 | |
| Residual Average | 0.0 | |
| Price Variance | 0.31 |
Marten Transport lagged returns against current returns
Autocorrelation, which is Marten Transport 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 Marten Transport's stock expected returns. We can calculate the autocorrelation of Marten Transport returns to help us make a trade decision. For example, suppose you find that Marten Transport 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 |
Marten Transport 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 Marten Transport stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Marten Transport stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Marten Transport stock over time.
Current vs Lagged Prices |
| Timeline |
Marten Transport Lagged Returns
When evaluating Marten Transport's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Marten Transport stock have on its future price. Marten Transport 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, Marten Transport autocorrelation shows the relationship between Marten Transport stock current value and its past values and can show if there is a momentum factor associated with investing in Marten Transport.
Regressed Prices |
| Timeline |
Pair Trading with Marten Transport
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 Marten Transport 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 Marten Transport will appreciate offsetting losses from the drop in the long position's value.Moving against Marten Stock
| 0.41 | B | Barnes Group | PairCorr |
| 0.35 | CPA | Copa Holdings SA | PairCorr |
| 0.35 | JBLU | JetBlue Airways Corp | PairCorr |
| 0.34 | SRFM | Surf Air Mobility | PairCorr |
| 0.31 | J | Jacobs Solutions | PairCorr |
The ability to find closely correlated positions to Marten Transport could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Marten Transport 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 Marten Transport - 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 Marten Transport to buy it.
The correlation of Marten Transport 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 Marten Transport moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Marten Transport 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 Marten Transport 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 Marten Transport Correlation, Marten Transport Volatility and Marten Transport Alpha and Beta module to complement your research on Marten Transport. To learn how to invest in Marten Stock, please use our How to Invest in Marten Transport guide.You can also try the Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
Marten Transport 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.