Capital Product Partners Stock Market Value
| CPLP Stock | USD 16.75 0.15 0.89% |
| Symbol | Capital |
Capital Product Partners Price To Book Ratio
Is Capital Product'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 Capital Product. If investors know Capital 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 Capital Product 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 (0.53) | Dividend Share 1.05 | Earnings Share 2.15 | Revenue Per Share 17.023 | Quarterly Revenue Growth 0.195 |
The market value of Capital Product Partners is measured differently than its book value, which is the value of Capital that is recorded on the company's balance sheet. Investors also form their own opinion of Capital Product's value that differs from its market value or its book value, called intrinsic value, which is Capital Product'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 Capital Product's market value can be influenced by many factors that don't directly affect Capital Product'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 Capital Product's value and its price as these two are different measures arrived at by different means. Investors typically determine if Capital Product is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Capital Product'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.
Capital Product 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Capital Product's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Capital Product.
| 03/24/2024 |
| 04/23/2024 |
If you would invest 0.00 in Capital Product on March 24, 2024 and sell it all today you would earn a total of 0.00 from holding Capital Product Partners or generate 0.0% return on investment in Capital Product over 30 days. Capital Product is related to or competes with International Seaways, Scorpio Tankers, Dorian LPG, Euronav NV, and Teekay Tankers. Capital Product Partners L.P., a shipping company, provides marine transportation services in Greece More
Capital Product Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Capital Product's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Capital Product Partners upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 7.58 | |||
| Value At Risk | (2.76) | |||
| Potential Upside | 2.91 |
Capital Product Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Capital Product's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Capital Product's standard deviation. In reality, there are many statistical measures that can use Capital Product historical prices to predict the future Capital Product's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.26) | |||
| Treynor Ratio | (0.09) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Capital Product's 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.
Capital Product Partners Backtested Returns
Capital Product Partners secures Sharpe Ratio (or Efficiency) of -0.0325, which signifies that the company had a -0.0325% return per unit of risk over the last 3 months. Capital Product Partners exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Capital Product's Risk Adjusted Performance of (0.01), standard deviation of 1.68, and Mean Deviation of 1.27 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.64, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Capital Product's returns are expected to increase less than the market. However, during the bear market, the loss of holding Capital Product is expected to be smaller as well. Capital Product Partners has an expected return of -0.0556%. Please make sure to confirm Capital Product Partners information ratio, potential upside, as well as the relationship between the Potential Upside and rate of daily change , to decide if Capital Product Partners performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.48 |
Average predictability
Capital Product Partners has average predictability. Overlapping area represents the amount of predictability between Capital Product time series from 24th of March 2024 to 8th of April 2024 and 8th of April 2024 to 23rd of April 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Capital Product Partners price movement. The serial correlation of 0.48 indicates that about 48.0% of current Capital Product price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.48 | |
| Spearman Rank Test | 0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 0.1 |
Capital Product Partners lagged returns against current returns
Autocorrelation, which is Capital Product stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Capital Product's stock expected returns. We can calculate the autocorrelation of Capital Product returns to help us make a trade decision. For example, suppose you find that Capital Product has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Capital Product regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Capital Product stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Capital Product stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Capital Product stock over time.
Current vs Lagged Prices |
| Timeline |
Capital Product Lagged Returns
When evaluating Capital Product's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Capital Product stock have on its future price. Capital Product autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Capital Product autocorrelation shows the relationship between Capital Product stock current value and its past values and can show if there is a momentum factor associated with investing in Capital Product Partners.
Regressed Prices |
| Timeline |
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 Capital Product 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, Capital Product's short interest history, or implied volatility extrapolated from Capital Product options trading.
Pair Trading with Capital Product
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 Capital Product 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 Capital Product will appreciate offsetting losses from the drop in the long position's value.Moving against Capital Stock
| 0.64 | KEX | Kirby Earnings Call This Week | PairCorr |
| 0.58 | SB-PC | Safe Bulkers | PairCorr |
| 0.56 | ECO | Okeanis Eco Tankers | PairCorr |
| 0.55 | GNK | Genco Shipping Trading Financial Report 1st of May 2024 | PairCorr |
| 0.53 | NMM | Navios Maritime Partners Financial Report 28th of May 2024 | PairCorr |
The ability to find closely correlated positions to Capital Product could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Capital Product 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 Capital Product - 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 Capital Product Partners to buy it.
The correlation of Capital Product 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 Capital Product moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Capital Product Partners 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 Capital Product 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 Capital Product Correlation, Capital Product Volatility and Capital Product Alpha and Beta module to complement your research on Capital Product. You can also try the Share Portfolio module to track or share privately all of your investments from the convenience of any device.
Complementary Tools for Capital Stock analysis
When running Capital Product's price analysis, check to measure Capital Product'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 Capital Product is operating at the current time. Most of Capital Product's value examination focuses on studying past and present price action to predict the probability of Capital Product's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Capital Product's price. Additionally, you may evaluate how the addition of Capital Product to your portfolios can decrease your overall portfolio volatility.
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Capital Product technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.