Castor Piotroski F Score

CTRM
 Stock
  

USD 1.33  0.01  0.75%   

This module uses fundamental data of Castor Maritime to approximate its Piotroski F score. Castor Maritime F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of Castor Maritime. These three categories are profitability, efficiency, and funding. Some research analysts and sophisticated value traders use Piotroski F Score to find opportunities outside of the conventional market and financial statement analysis.They believe that some of the new information about Castor Maritime financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. Continue to Castor Maritime Altman Z Score, Castor Maritime Correlation, Castor Maritime Valuation, as well as analyze Castor Maritime Alpha and Beta and Castor Maritime Hype Analysis.
  
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Castor Maritime Total Debt is relatively stable at the moment as compared to the past year. The company's current value of Total Debt is estimated at 110.1 Million. Debt Non Current is expected to hike to about 92.7 M this year, although the value of Debt Current will most likely fall to nearly 13.2 M. Castor Maritime Earnings per Diluted Share are relatively stable at the moment as compared to the past year. The company's current value of Earnings per Diluted Share is estimated at 0.58. Return on Average Equity is expected to hike to 0.15 this year, although the value of EBITDA Margin will most likely fall to 0.45.
At this time, it appears that Castor Maritime's Piotroski F Score is Healthy. Although some professional money managers and academia have recently criticized Piotroski F-Score model, we still consider it an effective method of predicting the state of the financial strength of any organization that is not predisposed to accounting gimmicks and manipulations. Using this score on the criteria to originate an efficient long-term portfolio can help investors filter out the purely speculative stocks or equities playing fundamental games by manipulating their earnings..
5.0
Piotroski F Score - Healthy
1
Current Return On AssetsPositiveFocus
2
Change in Return on AssetsIncreasedFocus
3
Cash Flow Return on AssetsPositiveFocus
4
Current Quality of Earnings (accrual)ImprovingFocus
5
Asset Turnover GrowthDecreaseFocus
6
Current Ratio ChangeIncreaseFocus
7
Long Term Debt Over Assets ChangeHigher LeverageFocus
8
Change In Outstending SharesIncreaseFocus
9
Change in Gross MarginNo ChangeFocus

Castor Maritime Piotroski F Score Drivers

The critical factor to consider when applying the Piotroski F Score to Castor Maritime is to make sure Castor is not a subject of accounting manipulations and runs a healthy internal audit department. So, if Castor Maritime's auditors report directly to the board (not management), the managers will be reluctant to manipulate simply due to the fear of punishment. On the other hand, the auditors will be free to investigate the ledgers properly because they know that the board has their back. Below are the main accounts that are used in the Piotroski F Score model. By analyzing the historical trends of the mains drivers, investors can determine if Castor Maritime's financial numbers are properly reported.
Current ValueLast YearChange From Last Year 10 Year Trend
Weighted Average Shares90.5 M83.9 M
Significantly Up
Increasing
Slightly volatile
Weighted Average Shares Diluted92.1 M85.3 M
Significantly Up
Increasing
Slightly volatile
Net Cash Flow from Operations65.6 M60.8 M
Significantly Up
Increasing
Slightly volatile
Total Assets499.5 M462.9 M
Significantly Up
Increasing
Slightly volatile
Total Liabilities129.5 M120 M
Significantly Up
Increasing
Slightly volatile
Current Assets59.3 M55 M
Significantly Up
Increasing
Slightly volatile
Current Liabilities36.7 M34 M
Significantly Up
Increasing
Slightly volatile
Total Debt110.1 M102 M
Significantly Up
Increasing
Slightly volatile
Return on Average Assets0.120.11
Significantly Up
Decreasing
Slightly volatile
Gross Margin0.590.605
Fairly Down
Increasing
Slightly volatile
Asset Turnover0.330.359
Significantly Down
Decreasing
Slightly volatile

Castor Maritime F Score Driver Matrix

One of the toughest challenges investors face today is learning how to quickly synthesize historical financial statements and information provided by the company, SEC reporting, and various external parties in order to project the various growth rates. Understanding the correlation between Castor Maritime's different financial indicators related to revenue, expenses, operating profit, and net earnings helps investors identify and prioritize their investing strategies towards Castor Maritime in a much-optimized way.

About Castor Maritime Piotroski F Score

F-Score is one of many stock grading techniques developed by Joseph Piotroski, a professor of accounting at the Stanford University Graduate School of Business. It was published in 2002 under the paper titled Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers. Piotroski F Score is based on binary analysis strategy in which stocks are given one point for passing 9 very simple fundamental tests, and zero point otherwise. According to Mr. Piotroski's analysis, his F-Score binary model can help to predict the performance of low price-to-book stocks.

Book Value per Share

4.19

Share
Castor Maritime Book Value per Share is relatively stable at the moment as compared to the past year. The company's current value of Book Value per Share is estimated at 4.19

About Castor Maritime Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Castor Maritime's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Castor Maritime using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Castor Maritime based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Castor Maritime without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

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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.

Castor Maritime Pair Correlation

Correlation Analysis For Direct Indexing and Tax-loss Harvesting

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 Castor Maritime Altman Z Score, Castor Maritime Correlation, Castor Maritime Valuation, as well as analyze Castor Maritime Alpha and Beta and Castor Maritime Hype Analysis. 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 Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.

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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
126.8 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.