StealthGas Story

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GASS -- USA Stock  

USD 2.69  0.16  5.61%

Eagle Bulk would continue recover faster as its shares surged to 8.35 percent against StealthGas's 1.2195%. As many rational traders are trying to avoid industrials space, it makes sense to sum up StealthGas a little further and understand how it stands against Eagle Bulk and other similar entities. We are going to discuss some of the competitive aspects of both StealthGas and Eagle.
Published over a month ago
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Should we be buying Eagle or StealthGas?
By analyzing existing essential indicators between StealthGas and Eagle, you can compare the effects of market volatilities on both companies' prices and check if they can diversify away market risk if combined in one of your portfolios. You can also utilize pair trading strategies for matching a long position in Eagle with a short position in StealthGas. Check out our pair correlation module for more information.

Let's begin by analyzing the assets. The asset utilization indicator refers to the revenue earned for every dollar of assets a company currently reports. StealthGas has an asset utilization ratio of 13.72 percent. This connotes that the company is making $0.14 for each dollar of assets. An increasing asset utilization means that StealthGas is more efficient with each dollar of assets it utilizes for everyday operations.
Out of tens of thousands of stocks, funds, and ETFs that trade on global exchanges each represent an individual company which you can analyze using comparative analysis. To determine which one of the two companies, such as StealthGas or Navios is a better fit for your portfolio, analyzing a few basic fundamental indicators is a good first step.

How important is StealthGas's Liquidity

StealthGas financial leverage refers to using borrowed capital as a funding source to finance StealthGas ongoing operations. It is usually used to expand the firm's asset base and generate returns on borrowed capital. StealthGas financial leverage is typically calculated by taking the company's all interest-bearing debt and dividing it by total capital. So the higher the debt-to-capital ratio (i.e., financial leverage), the riskier the company. Please check the breakdown between StealthGas's total debt and its cash.

Correlation Between StealthGas and Navios Maritime Hold

In general, stock analysis is a method for investors and traders to make individual buying and selling decisions. Stock correlation analysis is also essential because it can help investors realize that they may not be as diversified as they think. Risk management strategies are usually required to make sure all portfolios are properly aligned against their risk tolerance level. You can consider holding StealthGas together with similar or unrelated positions with a negative correlation. For example, you can also add Navios Maritime to your portfolio. If Navios Maritime is not perfectly correlated to StealthGas it will diversify some of the market risks out of the positively correlated stocks in your portfolio. However, the disadvantage of this sort of hedging is that it can potentially affect your investment returns throughout market cycles. When StealthGas for example, for example, performs excellent and delivers stable returns, the negatively correlated position you locked in as a hedge may drag your returns down. Please check pair correlation details between GASS and NM for more information.


Are you currently holding both StealthGas and Navios Maritime in your portfolio? Please note if you are using this as a pair-trade strategy between StealthGas and Navios Maritime, watch out for correlation discrepancy over time. Relying on the historical price correlations and assuming that it will not change may lead to short-term losses.

An Additional Perspective On StealthGas

Revenue is income that a firm generates from business activities such us rendering services or selling goods to customers. It is a crucial part of a business and an essential item when evaluating a company's financial statements. Revenues from a firm's primary business operations can be reported on the income statement as sales revenue, net sales, or simply sales, depending on the industry in which a given company operates.
Revenue is typically recorded when cash or cash equivalents are exchanged for services or goods and can include product or services discounts, promotions, as well as early payments on invoices or services rendered in advance.

Revenue Breakdown

Lets now take a look at StealthGas revenue. Based on the latest financial disclosure, StealthGas reported 142.36 M of revenue. This is 95.93% lower than that of the Industrials sector and significantly higher than that of the Marine Shipping industry. The revenue for all United States stocks is 98.49% higher than that of StealthGas. As for Eagle Bulk we see revenue of 271.44 M, which is much higher than that of the Marine Shipping

StealthGas142.36 Million
Eagle271.44 Million
142.4 M
271.4 M

Will price continue to spike in December 2020?

Variance is down to 8.92. It may connote a possible volatility fall. StealthGas exhibits very low volatility with skewness of 0.59 and kurtosis of 3.12. However, we advise investors to further study StealthGas technical indicators to make sure all market info is available and is reliable.

The Bottom Line

While many other companies in the marine shipping industry are either recovering or due for a correction, StealthGas may not be as strong as the others in terms of longer-term growth potentials. With an impartial outlook on the current market volatility, it may be better to hold off any inventment activity and neither trade nor exit any shares of StealthGas at this time. The StealthGas risk-reward trade off is not appealing enough to do any trading. Please use our equity advice module to run different scenarios to ensure your current risk level and investment horizon are fully reflective of your current investing preferences in regards to StealthGas.

About Contributor

This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Raphi Shpitalnik do not own shares of StealthGas. Please refer to our Terms of Use for any information regarding our disclosure principles.

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