By analyzing existing basic indicators between Overseas Shipholding and Enbridge, you can compare the effects of market volatilities on both companies' prices and check if they can diversify away market risk if combined in one of your portfolios. You can also utilize pair trading strategies for matching a long position in Enbridge with a short position in Overseas Shipholding. Check out our
pair correlation module for more information.
Let's begin by analyzing the assets.
The asset utilization indicator refers to the revenue earned for every dollar of assets a company currently reports. Overseas Shipholding has an asset utilization ratio of 12.96 percent. This indicates that the company is making $0.13 for each dollar of assets. An increasing asset utilization means that Overseas Shipholding Group is more efficient with each dollar of assets it utilizes for everyday operations.
Out of tens of thousands of stocks, funds, and ETFs that trade on global exchanges each represent an individual company which you can analyze using comparative analysis. To determine which one of the two entities, such as Overseas or Teekay is a better fit for your portfolio, analyzing a few basic fundamental indicators is a good first step.
understanding Overseas Shipholding dividends
A dividend is the distribution of a portion of Overseas Shipholding earnings, decided and managed by the company's board of directors and paid to a class of its shareholders. Note, announcements of dividend payouts are generally accompanied by a proportional increase or decrease in a company's stock price. Overseas Shipholding dividend payments follow a chronological order of events, and the associated dates are important to determine the shareholders who qualify for receiving the dividend payment. Overseas one year expected dividend income is about USD0.04 per share.
Investing in stocks that pay
dividends, such as stock of Overseas Shipholding Group, is one of many strategies that are good for long-term investments. Ex-dividend dates are significant because investors in Overseas Shipholding must own a stock before its ex-dividend date to receive its next dividend.
This type of analysis is very useful when you want to generate a past dividend schedule and payout information for Overseas Shipholding. Then that information in the form of graph and calendar can be used to fully explain how Du Pont dividends can provide a real clue to its valuation.
How important is Overseas Shipholding's Liquidity
Overseas Shipholding
financial leverage refers to using borrowed capital as a funding source to finance Overseas Shipholding Group ongoing operations. It is usually used to expand the firm's asset base and generate returns on borrowed capital. Overseas Shipholding financial leverage is typically calculated by taking the company's all interest-bearing debt and dividing it by total capital. So the higher the debt-to-capital ratio (i.e., financial leverage), the riskier the company. Financial leverage can amplify the potential profits to Overseas Shipholding's owners, but it also increases the potential losses and risk of financial distress, including bankruptcy, if the firm cannot cover its debt costs. The degree of Overseas Shipholding's financial leverage can be measured in several ways, including by ratios such as the debt-to-equity ratio (total debt / total equity), equity multiplier (total assets / total equity), or the debt ratio (total debt / total assets). Please check the
breakdown between Overseas Shipholding's total debt and its cash.
Correlation Between Overseas and Teekay
In general, Delisted Stock analysis is a method for investors and traders to make individual buying and selling decisions. Stock correlation analysis is also essential because it can help investors realize that they may not be as diversified as they think. Risk management strategies are usually required to make sure all portfolios are properly aligned against their risk tolerance level. You can consider holding Overseas Shipholding together with similar or unrelated positions with a negative correlation. For example, you can also add Teekay to your portfolio. If Teekay is not perfectly correlated to Overseas Shipholding it will diversify some of the market risks out of the positively correlated stocks in your portfolio. However, the disadvantage of this sort of hedging is that it can potentially affect your investment returns throughout market cycles. When Overseas Shipholding, for example, performs excellent and delivers stable returns, the negatively correlated position you locked in as a hedge may drag your returns down.
Are you currently holding both Overseas Shipholding and Teekay in your portfolio? Please note if you are using this as a pair-trade strategy between Overseas Shipholding and Teekay, watch out for correlation discrepancy over time. Relying on the historical price correlations and assuming that it will not change may lead to short-term losses. Please check
pair correlation details between OSG and TK for more information.
Another Deeper Perspective
Revenue is income that a firm generates from business activities such us rendering services or selling goods to customers. It is a crucial part of a business and an essential item when evaluating a company's financial statements. Revenues from a firm's primary business operations can be reported on the income statement as sales revenue, net sales, or simply sales, depending on the industry in which a given company operates.
Revenue is typically recorded when cash or cash equivalents are exchanged for services or goods and can include product or services discounts, promotions, as well as early payments on invoices or services rendered in advance.
Revenue Breakdown
Let me now analyze Overseas Shipholding revenue. Based on the latest financial disclosure, Overseas Shipholding Group reported 418.69
M of revenue. This is much higher than that of the Energy sector and significantly higher than that of the
Oil & Gas Midstream industry. The revenue for all United States stocks is notably lower than that of Overseas Shipholding. As for Enbridge we see revenue of 39.09
B, which is much higher than that of the Oil & Gas Midstream
| OSG | 418.69 Million | 1.06 |
| Sector | 0.0 | 0.0 |
| ENB | 39.09 Billion | 98.94 |
Our perspective of the latest Overseas Shipholding surge
Overseas Shipholding market risk adjusted performance is up to 0.01.
As of the 3rd of July, Overseas Shipholding holds the Semi Deviation of 2.02,
coefficient of variation of 43046.68, and Risk Adjusted Performance of 0.0091. Compared to
fundamental indicators, the
technical analysis model allows you to check existing technical drivers of Overseas Shipholding, as well as the relationship between them. Put it differently, you can use this information to find out if the company will indeed mirror its model of past market data, or the prices will eventually revert. We are able to interpolate and collect nineteen
technical drivers for Overseas Shipholding, which can be compared to its competitors. Please check
Overseas Shipholding information ratio, as well as the
relationship between the potential upside and
kurtosis to decide if Overseas Shipholding is priced some-what accurately, providing market reflects its current price of 2.88 per share. Please also confirm Overseas Shipholding
total risk alpha, which is currently at
(0.25) to check out the company can sustain itself at a future point.
Our Conclusion on Overseas Shipholding
Although many of the other players under the oil & gas midstream industry are still a bit expensive, Overseas Shipholding may offer a potential longer-term growth to shareholders. To conclude, as of the 3rd of July 2021, our analysis shows that Overseas Shipholding almost mirrors the market. The firm is
overvalued and projects
below average chance of distress for the next 2 years. Our ongoing 90 days 'Buy-vs-Sell' recommendation on the firm is
Hold.
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Vlad Skutelnik is a Macroaxis Contributor. Vlad covers stocks, funds, cryptocurrencies, and ETFs that are traded in North America, focusing primarily on fundamentals, valuation and market volatility. He has many years of experience in fintech, predictive investment analytics, and risk management.
View Profile This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Vlad Skutelnik do not own shares of Overseas Shipholding Group. Please refer to our
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