Castor Maritime Stock Forecast - Jensen Alpha
| CTRM Stock | USD 3.44 0.03 0.88% |
Castor Stock Forecast is based on your current time horizon. Although Castor Maritime's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Castor Maritime's systematic risk associated with finding meaningful patterns of Castor Maritime fundamentals over time.
Castor |
| Check Castor Maritime Volatility | Backtest Castor Maritime | Trend Details |
Castor Maritime Trading Date Momentum
| On December 02 2024 Castor Maritime was traded for 3.46 at the closing time. The top price for the day was 3.62 and the lowest listed price was 3.46 . The trading volume for the day was 54.7 K. The trading history from December 2, 2024 was a factor to the next trading day price decrease. The overall trading delta against the next closing price was 3.62% . The overall trading delta against the current closing price is 4.18% . |
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Other Forecasting Options for Castor Maritime
For every potential investor in Castor, whether a beginner or expert, Castor Maritime's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Castor Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Castor. Basic forecasting techniques help filter out the noise by identifying Castor Maritime's price trends.Castor Maritime Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Castor Maritime stock to make a market-neutral strategy. Peer analysis of Castor Maritime could also be used in its relative valuation, which is a method of valuing Castor Maritime by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Castor Maritime Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Castor Maritime's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Castor Maritime's current price.| Cycle Indicators | ||
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Castor Maritime Market Strength Events
Market strength indicators help investors to evaluate how Castor Maritime stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Castor Maritime shares will generate the highest return on investment. By undertsting and applying Castor Maritime stock market strength indicators, traders can identify Castor Maritime entry and exit signals to maximize returns.
| Accumulation Distribution | 754.26 | |||
| Daily Balance Of Power | 0.3 | |||
| Rate Of Daily Change | 1.01 | |||
| Day Median Price | 3.45 | |||
| Day Typical Price | 3.45 | |||
| Price Action Indicator | 0.005 | |||
| Period Momentum Indicator | 0.03 |
Castor Maritime Risk Indicators
The analysis of Castor Maritime's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Castor Maritime's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting castor stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 1.6 | |||
| Standard Deviation | 2.02 | |||
| Variance | 4.1 |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
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Try AI Portfolio ArchitectCheck out Historical Fundamental Analysis of Castor Maritime to cross-verify your projections. To learn how to invest in Castor Stock, please use our How to Invest in Castor Maritime guide.You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.
Is Marine Transportation space 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 0.187 | Earnings Share 3.72 | Revenue Per Share 7.911 | Quarterly Revenue Growth (0.37) | Return On Assets 0.0162 |
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.