Castor Stock Market Value

CTRM
 Stock
  

USD 1.33  0.01  0.75%   

Castor Maritime's market value is the price at which a share of Castor Maritime stock trades on a public exchange. It measures the collective expectations of Castor Maritime investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Castor Maritime and determine expected loss or profit from investing in Castor Maritime over a given investment horizon. Continue to Castor Maritime Hype Analysis, Castor Maritime Correlation, Castor Maritime Valuation, Castor Maritime Volatility, as well as analyze Castor Maritime Alpha and Beta and Castor Maritime Performance.
Symbol
Backtest


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.

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.
0.00
04/03/2022
No Change 0.00  0.0 
In 3 months and 1 day
07/02/2022
0.00
If you would invest  0.00  in Castor Maritime on April 3, 2022 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 90 days. Castor Maritime is related to or competes with Verizon Communications, International Business, Intel Corp, Travelers Companies, ATT, Disney, and Microsoft Corp. The company operates through three segments Dry Bulk, AframaxLR2 Tanker, and Handysize TankerMore

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.

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.
Sophisticated investors, who have witnessed many market ups and downs, frequently view 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. Please use the tools below to analyze the current value of Castor Maritime in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
0.061.266.66
Details
Intrinsic
Valuation
LowReal ValueHigh
0.071.336.73
Details
Naive
Forecast
LowNext ValueHigh
0.0311881.566.96
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
1.271.371.47
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Castor Maritime. Your research has to be compared to or analyzed against Castor Maritime's peers to derive any actionable benefits. When done correctly, Castor Maritime's 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 Castor Maritime.

Castor Maritime Backtested Returns

Castor Maritime secures Sharpe Ratio (or Efficiency) of -0.0738, which signifies that the company had -0.0738% of return per unit of risk over the last 3 months. Macroaxis standpoint towards foreseeing the risk of any stock is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. Castor Maritime exposes twenty-seven different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Castor Maritime risk adjusted performance of (0.10), and Mean Deviation of 3.91 to double-check the risk estimate we provide.
The firm shows a Beta (market volatility) of 1.38, which signifies a somewhat significant risk relative to the market. Let's try to break down what Castor's beta means in this case. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Castor Maritime will likely underperform. Even though it is essential to pay attention to Castor Maritime historical returns, it is always good to be careful when utilizing equity current trending patterns. Our philosophy towards foreseeing any stock's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Castor Maritime exposes twenty-seven different technical indicators, which can help you to evaluate its performance. Castor Maritime has an expected return of -0.4%. Please be advised to confirm Castor Maritime value at risk, as well as the relationship between the skewness and day median price to decide if Castor Maritime performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  0.28  

Poor predictability

Castor Maritime has poor predictability. Overlapping area represents the amount of predictability between Castor Maritime time series from 3rd of April 2022 to 18th of May 2022 and 18th of May 2022 to 2nd of July 2022. 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 0.28 indicates that nearly 28.0% of current Castor Maritime price fluctuation can be explain by its past prices.
Correlation Coefficient0.28
Spearman Rank Test0.03
Residual Average0.0
Price Variance0.06

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 stock 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 stock movement to match the lagging time series.
 Current and Lagged Values 
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      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 
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      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 
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      Timeline 

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 Hype Analysis, Castor Maritime Correlation, Castor Maritime Valuation, Castor Maritime Volatility, as well as analyze Castor Maritime Alpha and Beta and Castor Maritime Performance. 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 Transaction History module to view history of all your transactions and understand their impact on performance.

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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.
A focus of Castor Maritime technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Castor Maritime trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...