Murphy Stock Statistic Functions Pearson Correlation Coefficient

MUSA
 Stock
  

USD 292.40  3.60  1.25%   

Murphy USA statistic functions tool provides the execution environment for running the Pearson Correlation Coefficient function and other technical functions against Murphy USA. Murphy USA value trend is the prevailing direction of the price over some defined period of time. The concept of trend is an important idea in technical analysis, including the analysis of statistic functions indicators. As with most other technical indicators, the Pearson Correlation Coefficient function function is designed to identify and follow existing trends. Murphy USA statistical functions help analysts to determine different price movement patterns based on how price series statistical indicators change over time. Please specify Time Period to run this model.

Function
Time Period
Execute Function
The output start index for this execution was four with a total number of output elements of fifty-seven. The Pearsons Correlation Coefficient is one of the most common measures of correlation in financial statistics. It shows the linear relationship between price series of Murphy USA and its benchmark or peer.
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Murphy USA Technical Analysis Modules

Most technical analysis of Murphy USA help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Murphy from various momentum indicators to cycle indicators. When you analyze Murphy charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

About Murphy USA Predictive Technical Analysis

Predictive technical analysis modules help investors to analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Murphy USA. We use our internally-developed statistical techniques to arrive at the intrinsic value of Murphy USA based on widely used predictive technical indicators. In general, we focus on analyzing Murphy Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Murphy USA's daily price indicators and compare them against related drivers, such as statistic functions and various other types of predictive indicators. Using this methodology combined with a more conventional technical analysis and fundamental analysis, we attempt to find the most accurate representation of Murphy USA's intrinsic value. In addition to deriving basic predictive indicators for Murphy USA, we also check how macroeconomic factors affect Murphy USA price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
 2019 2020 2021 2022 (projected)
Long Term Debt to Equity1.241.212.232.41
Interest Coverage5.1911.147.347.53
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Murphy USA'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. Please use the tools below to analyze the current value of Murphy USA in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
290.70292.67294.64
Details
Intrinsic
Valuation
LowReal ValueHigh
239.53241.50321.64
Details
Naive
Forecast
LowNext ValueHigh
293.18295.15297.12
Details
4 Analysts
Consensus
LowTarget PriceHigh
175.00190.75205.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Murphy USA. Your research has to be compared to or analyzed against Murphy USA's peers to derive any actionable benefits. When done correctly, Murphy USA's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Murphy USA.

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Murphy USA pair trading

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 Murphy USA 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 Murphy USA will appreciate offsetting losses from the drop in the long position's value.

Murphy USA Pair Trading

Murphy USA Pair Trading Analysis

The ability to find closely correlated positions to Murphy USA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Murphy USA 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 Murphy USA - 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 Murphy USA to buy it.
The correlation of Murphy USA is a statistical measure of how it moves in relation to other equities. 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 Murphy USA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Murphy USA 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 Murphy USA 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.
Pair CorrelationCorrelation Matching
Additionally, see Correlation Analysis. You can also try Analyst Recommendations module to analyst recommendations and target price estimates broken down by several categories.

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Is Murphy USA'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 Murphy USA. If investors know Murphy 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 Murphy USA 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 YOY
1.33
Market Capitalization
6.6 B
Quarterly Revenue Growth YOY
0.38
Return On Assets
0.14
Return On Equity
0.83
The market value of Murphy USA is measured differently than its book value, which is the value of Murphy that is recorded on the company's balance sheet. Investors also form their own opinion of Murphy USA's value that differs from its market value or its book value, called intrinsic value, which is Murphy USA'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 Murphy USA's market value can be influenced by many factors that don't directly affect Murphy USA'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 Murphy USA's value and its price as these two are different measures arrived at by different means. Investors typically determine Murphy USA value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Murphy USA'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.