Castor Historical Valuation
| CTRM Stock | USD 3.60 0.08 2.27% |
Some fundamental drivers such as market cap or Castor Maritime enterprice value can be analyzed from historical perspective to project value of the company into the future. Some investors analyze Castor Maritime valuation indicators such as Working Capital of 0.0 or Enterprise Value of 40.1 M to time the market or to short-sell their positions based on the trend in valuation ratios. It is a perfect tool to project the direction of Castor Maritime's future value.
Castor |
About Castor Valuation Data Analysis
Valuation is the financial process of determining what Castor Maritime is worth. Castor Maritime valuation ratios put that insight into the context of a company's share price, where they serve as useful tools for evaluating and utilizing investment potential. Castor Maritime valuation ratios help investors to determine whether Castor Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Castor with respect to the benefits of owning Castor Maritime security.
Castor Maritime Valuation Data Chart
Castor valuation ratios help to determine how cheap or expensive it is, compared to its peers or based on some benchmark measure of value for a given date. A typical valuation ratio shows the difference between the cost of Castor equity instrument and the benefits of owning shares of Castor Maritime.
As of the 11th of May 2024, Market Cap is likely to drop to about 21.9 M. In addition to that, Enterprise Value is likely to drop to about 40.1 M Enterprise Value
Enterprise Value (or EV) is usually referred to as Castor Maritime theoretical takeover price. In the event of an acquisition, an acquirer would have to take on Castor Maritime debt, but would also pocket its cash. Enterprise Value is more accurate representation of Castor Maritime value than its market capitalization because it takes into account all of Castor Maritime existing debt. A measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization that includes the market capitalization, plus total debt, minority interest and preferred shares, minus total cash and cash equivalents.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
| 0.89 | SB-PD | Safe Bulkers | PairCorr |
| 0.87 | SB-PC | Safe Bulkers | PairCorr |
| 0.87 | GRIN | Grindrod Shipping | PairCorr |
| 0.86 | KEX | Kirby | PairCorr |
| 0.85 | ULTRF | Ultrapetrol Bahamas | 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Castor Maritime. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. To learn how to invest in Castor Stock, please use our How to Invest in Castor Maritime guide.You can also try the Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..
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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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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 (0.69) | Earnings Share 1 | Revenue Per Share 10.189 | Quarterly Revenue Growth (0.16) | Return On Assets 0.0158 |
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.