Castor Asset Turnover Trend from 2010 to 2022

CTRM
 Stock
  

USD 1.70  0.02  1.19%   

Castor Maritime Asset Turnover yearly trend continues to be relatively stable with very little volatility. The value of Asset Turnover is projected to decrease to 0.33. During the period from 2010 to 2022, Castor Maritime Asset Turnover yarly data series regression line had median of 0.43 and sample variance of  0.004857. Castor Maritime Net Income is relatively stable at the moment as compared to the past year. The company's current value of Net Income is estimated at 56.4 Million. Net Income Common Stock is expected to hike to about 43.7 M this year, although the value of Interest Expense will most likely fall to nearly 2.3 M.
  
Check Castor Maritime financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Castor main balance sheet or income statement drivers, such as Consolidated Income of 56.4 M, Cost of Revenue of 56.3 M or Earning Before Interest and Taxes EBIT of 60 M, as well as many exotic indicators such as Asset Turnover of 0.33, Book Value per Share of 4.19 or Current Ratio of 1.66. Castor financial statements analysis is a perfect complement when working with Castor Maritime Valuation or Volatility modules. It can also supplement Castor Maritime's financial leverage analysis and stock options assessment as well as various Castor Maritime Technical models . Continue to the analysis of Castor Maritime Correlation against competitors.

Castor Asset Turnover Breakdown

Showing smoothed Asset Turnover of Castor Maritime with missing and latest data points interpolated. Asset turnover is a measure of a firms operating efficiency; calculated by dividing Revenues by Average Assets. Often a component of DuPont ROE analysis.Castor Maritime's Asset Turnover historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Castor Maritime's overall financial position and show how it may be relating to other accounts over time.
Asset Turnover10 Years Trend
Decreasing
Slightly volatile
   Asset Turnover   
Share
       Timeline  

Castor Asset Turnover Regression Statistics

Arithmetic Mean 0.39
Geometric Mean 0.38
Coefficient Of Variation 18.01
Mean Deviation 0.06
Median 0.43
Standard Deviation 0.07
Sample Variance 0.004857
Range 0.23
R-Value(0.72)
Mean Square Error 0.002521
R-Squared 0.52
Significance 0.005133
Slope(0.012957)
Total Sum of Squares 0.06

Castor Asset Turnover History

2018 0.34
2020 0.2
2021 0.36
2022 0.33

About Castor Maritime Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Castor Maritime income statement, its balance sheet, and the statement of cash flows. Castor Maritime investors use historical funamental indicators, such as Castor Maritime's Asset Turnover, to determine how well the company is positioned to perform in the future. Although Castor Maritime investors may use each financial statement separately, they are all related. The changes in Castor Maritime's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Castor Maritime's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Castor Maritime Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Castor Maritime. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for 2022
Asset Turnover 0.36  0.33 
Average Assets368 M397.1 M
Tangible Asset Value462.9 M499.5 M
The company operates through three segments Dry Bulk, AframaxLR2 Tanker, and Handysize Tanker. Castor Maritime Inc. was incorporated in 2017 and is based in Limassol, Cyprus. Castor Maritime operates under Marine Shipping classification in the United States and is traded on NASDAQ Exchange. It employs 1 people.

Castor Maritime Investors Sentiment

The influence of Castor Maritime's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Castor. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.

Castor Maritime Implied Volatility

    
  513.51  
Castor Maritime's implied volatility exposes the market's sentiment of Castor Maritime stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Castor Maritime's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Castor Maritime stock will not fluctuate a lot when Castor Maritime's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Castor Maritime in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Castor Maritime's short interest history, or implied volatility extrapolated from Castor Maritime options trading.

Pair Trading with Castor Maritime

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 Castor Maritime 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 Castor Maritime will appreciate offsetting losses from the drop in the long position's value.

Moving together with Castor Maritime

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0.82ACCOAcco Brands Corp Earnings Call  TomorrowPairCorr

Moving against Castor Maritime

0.73ACFNAcorn Energy Earnings Call  TomorrowPairCorr
The ability to find closely correlated positions to Castor Maritime could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Castor Maritime 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 Castor Maritime - 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 Castor Maritime to buy it.
The correlation of Castor Maritime 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 Castor Maritime moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Castor Maritime 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 Castor Maritime 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
Continue to the analysis of Castor Maritime Correlation against competitors. Note that the Castor Maritime information on this page should be used as a complementary analysis to other Castor Maritime's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Focused Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.

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Is Castor Maritime'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 Castor Maritime. If investors know Castor 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 Castor Maritime 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
9.74
Market Capitalization
164.7 M
Quarterly Revenue Growth YOY
6.84
Return On Assets
0.13
Return On Equity
0.26
The market value of Castor Maritime is measured differently than its book value, which is the value of Castor that is recorded on the company's balance sheet. Investors also form their own opinion of Castor Maritime's value that differs from its market value or its book value, called intrinsic value, which is Castor Maritime'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 Castor Maritime's market value can be influenced by many factors that don't directly affect Castor Maritime'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 Castor Maritime's value and its price as these two are different measures arrived at by different means. Investors typically determine Castor Maritime value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Castor Maritime'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.