Marine Story

MPX -- USA Stock

USD 17.93 0.50 2.87%

Macroaxis Story

It appears Marine Products may not recover as fast as we have hopped for as its price went down 1.36% today. This firm current daily volatility is 3.17 percent, with a beta of 0.55 and an alpha of -0.14 over DOW. As many of us are getting excited about current market fluctuations it is important to break down Marine Products based on its technical indicators. We will evaluate why we are still optimistic in anticipation of a recovery.

Published over a month ago

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Is Marine Products (NYSE:MPX) stock way too aggressive for baby boomers?

Marine Products has roughly 29.01 M in cash with 28.48 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.86. Our investment recommendation tool can cross-verify current analyst consensus on Marine Products and to analyze the entity potential to grow in the current economic cycle.

Investing in Marine Products, just like investing in any other equity instrument, is characterized by a strong risk-return correlation. High risks mean high returns and low risk means lower expected returns. Risk management is the act of identifying and assessing the potential risk and developing strategies to minimize these risks and earn maximum possible profits while holding Marine Products along with other instruments in the same portfolio. Using conventional technical analysis and fundamental analysis to select individual securities into a portfolio complements risk management and adds value to overall investors' investing strategies.

Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Marine Products' stock price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy. Please use the tools below to analyze the current value of Marine Products in the context of predictive analytics.

Please note, it is not enough to conduct a financial or market analysis of a single entity such as Marine Products. Your research has to be compared to or analyzed against Marine Products' peers to derive any actionable benefits. When done correctly, Marine Products' competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Marine Products Corp.

How important is Marine Products's Liquidity

Marine Products financial leverage refers to using borrowed capital as a funding source to finance Marine Products Corp ongoing operations. It is usually used to expand the firm's asset base and generate returns on borrowed capital. Marine Products 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 Marine Products's total debt and its cash.

How Marine utilizes its cash?

To perform a cash flow analysis of Marine Products, investors first need to understand how to read the cash flow statement. A cash flow statement shows the amount of cash Marine Products is receiving and how much cash it distributes out in a given period. The Marine Products cash flow statement breaks down these inflows and outflows into different buckets, including operating activities, investing activities, and financing activities.

Marine Products Net Cash Flow from Operations is fairly stable at the moment as compared to the past year. Marine Products reported Net Cash Flow from Operations of 39 Million in 2020

Marine Products Correlation with Peers

Investors in Marine can reduce exposure to individual asset risk by holding a diversified portfolio of assets in addition to a long position in Marine Products Corp. Diversification will allow for the same portfolio return with reduced risk. The correlation table of Marine Products and its peers is a two-dimensional matrix that shows the correlation coefficient between pairs of securities Marine is related in some way. The cells in the table are color-coded to highlight significantly positive and negative relationships. Each cell shows the correlation between one pair of equities and can be used to run pair trading strategies or create efficient portfolios with your current brokerage.

Please check volatility of Marine for more details

Acquisition or disposition of Marine Products securities by Rctlor Llc

Legal trades by Marine Products insiders are very common, as founders, directors, or employees of any publicly traded firm often have stock or stock options. These trades are made public in the United States through the filing of Form 4 of the Securities and Exchange Commission. Below entry was recorded recently and is publicly available as an insider trade:

Marine insider trading alert for acquisition or disposition of common stock $.10 par value by Rctlor Llc, the corporate stakeholder, on 5th of February 2021. This event was filed by Marine Products Corp with SEC on 2021-02-05. Statement of changes in beneficial ownership - SEC Form 4 [view details]

Note, although insider trading is legal, in the United States, Canada, Australia, and Germany, for mandatory reporting purposes, corporate insiders are defined as a company's officers, directors, and any beneficial owners of more than 10% of a class of the company's equity securities.

Breaking it down a bit more

We consider Marine Products not too volatile. Marine Products has Sharpe Ratio of 0.0416, which conveys that the firm had 0.0416% of return per unit of risk over the last month. Our standpoint towards estimating the volatility of a stock is to use all available market data together with stock specific technical indicators that cannot be diversified away. We have found twenty-eight technical indicators for Marine Products, which you can use to evaluate future volatility of the firm. Please verify Marine Products risk adjusted performance of 0.0016, and Mean Deviation of 2.65 to check out if the risk estimate we provide is consistent with the expected return of 0.13%.

	DOOO	FOXF	CWH	FUV	HOG
DOOO		0.84	0.33	0.64	0.44	DOOO
FOXF	0.84		0.42	0.74	0.57	FOXF
CWH	0.33	0.42		0.57	0.54	CWH
FUV	0.64	0.74	0.57		0.81	FUV
HOG	0.44	0.57	0.54	0.81		HOG
	DOOO	FOXF	CWH	FUV	HOG

Click cells to compare fundamentals

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Another setback for Marine Products investors

Current coefficient of variation indicator falls down to -16890.88. Possible price jump? Marine Products exhibits very low volatility with skewness of -0.97 and kurtosis of 1.98. However, we advise investors to further study Marine Products technical indicators to make sure all market info is available and is reliable.

The Current Takeaway on Marine Products Investment

While few other entities under the recreational vehicles industry are still a bit expensive, Marine Products may offer a potential longer-term growth to investors. On the whole, as of the 26th of January 2021, we believe that Marine Products is currently overvalued with close to average chance of financial distress in the next two years. Our latest 30 days buy-or-sell advice on the company is Cautious Hold.

About Contributor

Achuva Shats is a Member of Macroaxs Editorial Board. Achuva writes about retail product and service companies from the perspective of a regular consumer and sophisticated investor at the same time. She is passionate about corporate ethics and equality in the workforce View Profile

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 Achuva Shats do not own shares of Marine Products Corp. Please refer to our Terms of Use for any information regarding our disclosure principles.

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Marine Story

USD 17.93 0.50 2.87%

How important is Marine Products's Liquidity

How Marine utilizes its cash?

Marine Products Correlation with Peers

Acquisition or disposition of Marine Products securities by Rctlor Llc

Breaking it down a bit more

Another setback for Marine Products investors

The Current Takeaway on Marine Products Investment

About Contributor

Would you like to provide feedback on the content of this article?

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