Castor Net Working Capital from 2010 to 2024
| CTRM Stock | USD 3.44 0.07 1.99% |
Net Working Capital | First Reported 2010-12-31 | Previous Quarter 213.7 M | Current Value 224.4 M | Quarterly Volatility 78.6 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 Interest Income of 3.4 M, Discontinued Operations of 0.0 or Depreciation And Amortization of 24.1 M, as well as many exotic indicators such as Price To Sales Ratio of 0.4, Dividend Yield of 0.0129 or PTB Ratio of 0.0838. Castor financial statements analysis is a perfect complement when working with Castor Maritime Valuation or Volatility modules.
Castor | Net Working Capital |
Latest Castor Maritime's Net Working Capital Growth Pattern
Below is the plot of the Net Working Capital of Castor Maritime over the last few years. It is Castor Maritime's Net Working Capital 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.
| Net Working Capital | 10 Years Trend |
|
Net Working Capital |
| Timeline |
Castor Net Working Capital Regression Statistics
| Arithmetic Mean | 39,383,715 | |
| Geometric Mean | 4,435,877 | |
| Coefficient Of Variation | 199.46 | |
| Mean Deviation | 57,968,138 | |
| Median | 1,126,709 | |
| Standard Deviation | 78,556,559 | |
| Sample Variance | 6171.1T | |
| Range | 223.2M | |
| R-Value | 0.71 | |
| Mean Square Error | 3288.7T | |
| R-Squared | 0.51 | |
| Significance | 0 | |
| Slope | 12,484,659 | |
| Total Sum of Squares | 86395.9T |
Castor Net Working Capital History
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 Net Working Capital, 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 Reported | Projected for Next Year | ||
| Net Working Capital | 213.7 M | 224.4 M |
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 against Castor Stock
| 0.92 | KEX | Kirby Earnings Call This Week | PairCorr |
| 0.85 | EGLE | Eagle Bulk Shipping Financial Report 2nd of May 2024 | PairCorr |
| 0.82 | SB-PC | Safe Bulkers | PairCorr |
| 0.81 | SB-PD | Safe Bulkers | PairCorr |
| 0.76 | GNK | Genco Shipping Trading Financial Report 1st of May 2024 | PairCorr |
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 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 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.Check out the analysis of Castor Maritime Correlation against competitors. To learn how to invest in Castor Stock, please use our How to Invest in Castor Maritime guide.You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
Complementary Tools for Castor Stock analysis
When running Castor Maritime's price analysis, check to measure Castor Maritime'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 Castor Maritime is operating at the current time. Most of Castor Maritime's value examination focuses on studying past and present price action to predict the probability of Castor Maritime's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Castor Maritime's price. Additionally, you may evaluate how the addition of Castor Maritime to your portfolios can decrease your overall portfolio volatility.
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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 (0.69) | Earnings Share 1 | Revenue Per Share 10.189 | Quarterly Revenue Growth (0.16) | Return On Assets 0.0158 |
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 if Castor Maritime is a good investment 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.