TOP Dividend Yield from 2010 to 2024
| TOPS Stock | USD 13.50 0.01 0.07% |
Check TOP Ships financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among TOP main balance sheet or income statement drivers, such as , as well as many exotic indicators such as . TOP financial statements analysis is a perfect complement when working with TOP Ships Valuation or Volatility modules.
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About TOP Ships Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include TOP Ships income statement, its balance sheet, and the statement of cash flows. TOP Ships investors use historical funamental indicators, such as TOP Ships's Dividend Yield, to determine how well the company is positioned to perform in the future. Although TOP Ships investors may use each financial statement separately, they are all related. The changes in TOP Ships's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on TOP Ships'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 TOP Ships Financial Statements. Understanding these patterns can help to make the right decision on long term investment in TOP Ships. Please read more on our technical analysis and fundamental analysis pages.
The companys medium range tanker vessels transport crude oil, petroleum products, and bulk liquid chemicals. Top Ships Inc. was incorporated in 2000 and is based in Maroussi, Greece. Top Ships operates under Marine Shipping classification in the United States and is traded on NASDAQ Exchange. It employs 1 people.
Pair Trading with TOP Ships
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 TOP Ships 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 TOP Ships will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to TOP Ships could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace TOP Ships 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 TOP Ships - 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 TOP Ships to buy it.
The correlation of TOP Ships 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 TOP Ships moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if TOP Ships 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 TOP Ships 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 TOP Ships Correlation against competitors. For more information on how to buy TOP Stock please use our How to Invest in TOP Ships guide.You can also try the Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.
Complementary Tools for TOP Stock analysis
When running TOP Ships' price analysis, check to measure TOP Ships' 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 TOP Ships is operating at the current time. Most of TOP Ships' value examination focuses on studying past and present price action to predict the probability of TOP Ships' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move TOP Ships' price. Additionally, you may evaluate how the addition of TOP Ships to your portfolios can decrease your overall portfolio volatility.
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Is TOP Ships' 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 TOP Ships. If investors know TOP 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 TOP Ships 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 TOP Ships is measured differently than its book value, which is the value of TOP that is recorded on the company's balance sheet. Investors also form their own opinion of TOP Ships' value that differs from its market value or its book value, called intrinsic value, which is TOP Ships' 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 TOP Ships' market value can be influenced by many factors that don't directly affect TOP Ships' 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 TOP Ships' value and its price as these two are different measures arrived at by different means. Investors typically determine if TOP Ships is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, TOP Ships' 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.