Castor Maritime Stock Market Value
| CTRM Stock | USD 3.30 0.07 2.08% |
| Symbol | Castor |
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.
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 if Castor Maritime is a good investment 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.
Castor Maritime '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 Castor Maritime'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 Castor Maritime.
| 03/24/2024 |
| 04/23/2024 |
If you would invest 0.00 in Castor Maritime on March 24, 2024 and sell it all today you would earn a total of 0.00 from holding Castor Maritime or generate 0.0% return on investment in Castor Maritime over 30 days. Castor Maritime is related to or competes with Seanergy Maritime, Top Ships, United Maritime, Nordic American, Globus Maritime, Safe Bulkers, and Euroseas. The company operates through three segments Dry Bulk, AframaxLR2 Tanker, and Handysize Tanker More
Castor Maritime 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 Castor Maritime'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 Castor Maritime upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.23) | |||
| Maximum Drawdown | 23.52 | |||
| Value At Risk | (4.58) | |||
| Potential Upside | 3.62 |
Castor Maritime Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Castor Maritime's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Castor Maritime's standard deviation. In reality, there are many statistical measures that can use Castor Maritime historical prices to predict the future Castor Maritime's volatility.| Risk Adjusted Performance | (0.12) | |||
| Jensen Alpha | (0.69) | |||
| Total Risk Alpha | (1.06) | |||
| Treynor Ratio | (1.60) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Castor Maritime'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.
Castor Maritime Backtested Returns
Castor Maritime secures Sharpe Ratio (or Efficiency) of -0.21, which signifies that the company had a -0.21% return per unit of risk over the last 3 months. Castor Maritime exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Castor Maritime's Risk Adjusted Performance of (0.12), standard deviation of 3.13, and Mean Deviation of 2.22 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.41, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Castor Maritime's returns are expected to increase less than the market. However, during the bear market, the loss of holding Castor Maritime is expected to be smaller as well. Castor Maritime has an expected return of -0.65%. Please make sure to confirm Castor Maritime treynor ratio, kurtosis, as well as the relationship between the Kurtosis and day typical price , to decide if Castor Maritime performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.38 |
Poor reverse predictability
Castor Maritime has poor reverse predictability. Overlapping area represents the amount of predictability between Castor Maritime 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 Castor Maritime price movement. The serial correlation of -0.38 indicates that just about 38.0% of current Castor Maritime price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.38 | |
| Spearman Rank Test | -0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Castor Maritime lagged returns against current returns
Autocorrelation, which is Castor Maritime 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 Castor Maritime's stock expected returns. We can calculate the autocorrelation of Castor Maritime returns to help us make a trade decision. For example, suppose you find that Castor Maritime 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 |
Castor Maritime 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 Castor Maritime stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Castor Maritime stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Castor Maritime stock over time.
Current vs Lagged Prices |
| Timeline |
Castor Maritime Lagged Returns
When evaluating Castor Maritime's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Castor Maritime stock have on its future price. Castor Maritime 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, Castor Maritime autocorrelation shows the relationship between Castor Maritime stock current value and its past values and can show if there is a momentum factor associated with investing in Castor Maritime.
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 Castor Maritime 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, Castor Maritime's short interest history, or implied volatility extrapolated from Castor Maritime options trading.
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.Moving against Castor Stock
| 0.92 | KEX | Kirby Earnings Call This Week | PairCorr |
| 0.81 | NMM | Navios Maritime Partners Financial Report 28th of May 2024 | PairCorr |
| 0.78 | GRIN | Grindrod Shipping | PairCorr |
| 0.73 | GNK | Genco Shipping Trading Financial Report 1st of May 2024 | PairCorr |
| 0.73 | DSX-PB | Diana Shipping | PairCorr |
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 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 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.Check out Castor Maritime Correlation, Castor Maritime Volatility and Castor Maritime Alpha and Beta module to complement your research on Castor Maritime. To learn how to invest in Castor Stock, please use our How to Invest in Castor Maritime guide.You can also try the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
Complementary Tools for Castor Stock analysis
When running Castor Maritime's price analysis, check to measure Castor Maritime'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 Castor Maritime is operating at the current time. Most of Castor Maritime's value examination focuses on studying past and present price action to predict the probability of Castor Maritime's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Castor Maritime's price. Additionally, you may evaluate how the addition of Castor Maritime to your portfolios can decrease your overall portfolio volatility.
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Castor Maritime 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.