Monro Muffler Brake Stock Market Value
| MNRO Stock | USD 27.08 0.55 2.07% |
| Symbol | Monro |
Is Monro Muffler's industry 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 Monro Muffler. If investors know Monro 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 Monro Muffler listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Monro Muffler Brake is measured differently than its book value, which is the value of Monro that is recorded on the company's balance sheet. Investors also form their own opinion of Monro Muffler's value that differs from its market value or its book value, called intrinsic value, which is Monro Muffler'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 Monro Muffler's market value can be influenced by many factors that don't directly affect Monro Muffler'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 Monro Muffler's value and its price as these two are different measures arrived at by different means. Investors typically determine if Monro Muffler is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Monro Muffler'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.
Monro Muffler '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 Monro Muffler'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 Monro Muffler.
| 07/23/2022 |
| 05/13/2024 |
If you would invest 0.00 in Monro Muffler on July 23, 2022 and sell it all today you would earn a total of 0.00 from holding Monro Muffler Brake or generate 0.0% return on investment in Monro Muffler over 660 days. Monro Muffler is related to or competes with Motorcar Parts, Standard, Stoneridge, Douglas Dynamics, Dorman Products, Superior Industries, and Gentherm. Monro, Inc. provides automotive undercar repair, and tire sales and services in the United States More
Monro Muffler 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 Monro Muffler'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 Monro Muffler Brake upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 10.13 | |||
| Value At Risk | (3.49) | |||
| Potential Upside | 3.2 |
Monro Muffler Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Monro Muffler's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Monro Muffler's standard deviation. In reality, there are many statistical measures that can use Monro Muffler historical prices to predict the future Monro Muffler's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.35) | |||
| Total Risk Alpha | (0.49) | |||
| Treynor Ratio | (0.19) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Monro Muffler'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.
Monro Muffler Brake Backtested Returns
Monro Muffler Brake has Sharpe Ratio of -0.11, which conveys that the firm had a -0.11% return per unit of risk over the last 3 months. Monro Muffler exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Monro Muffler's Risk Adjusted Performance of (0.06), mean deviation of 1.64, and Standard Deviation of 2.11 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 1.37, 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, Monro Muffler will likely underperform. Monro Muffler Brake has an expected return of -0.24%. Please make sure to verify Monro Muffler Brake total risk alpha, skewness, as well as the relationship between the Skewness and day median price , to decide if Monro Muffler Brake performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.27 |
Poor predictability
Monro Muffler Brake has poor predictability. Overlapping area represents the amount of predictability between Monro Muffler time series from 23rd of July 2022 to 18th of June 2023 and 18th of June 2023 to 13th of May 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 Monro Muffler Brake price movement. The serial correlation of 0.27 indicates that nearly 27.0% of current Monro Muffler price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.27 | |
| Spearman Rank Test | -0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 14.87 |
Monro Muffler Brake lagged returns against current returns
Autocorrelation, which is Monro Muffler 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 Monro Muffler's stock expected returns. We can calculate the autocorrelation of Monro Muffler returns to help us make a trade decision. For example, suppose you find that Monro Muffler 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 |
Monro Muffler 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 Monro Muffler stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Monro Muffler stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Monro Muffler stock over time.
Current vs Lagged Prices |
| Timeline |
Monro Muffler Lagged Returns
When evaluating Monro Muffler's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Monro Muffler stock have on its future price. Monro Muffler 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, Monro Muffler autocorrelation shows the relationship between Monro Muffler stock current value and its past values and can show if there is a momentum factor associated with investing in Monro Muffler Brake.
Regressed Prices |
| Timeline |
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When running Monro Muffler's price analysis, check to measure Monro Muffler'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 Monro Muffler is operating at the current time. Most of Monro Muffler's value examination focuses on studying past and present price action to predict the probability of Monro Muffler's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Monro Muffler's price. Additionally, you may evaluate how the addition of Monro Muffler to your portfolios can decrease your overall portfolio volatility.
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Monro Muffler 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.