Castor Maritime Stock Market Value
| CTRM Stock | USD 2.45 0.02 0.81% |
| Symbol | Castor |
Castor Maritime Price To Book Ratio
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 | Quarterly Revenue Growth (0.37) | Return On Assets |
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.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Castor Maritime on December 16, 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 90 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 | (0.12) | |||
| Maximum Drawdown | 15.91 | |||
| Value At Risk | (5.10) | |||
| Potential Upside | 4.38 |
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 | (0.13) | |||
| Jensen Alpha | (0.38) | |||
| Total Risk Alpha | (0.10) | |||
| Treynor Ratio | (0.59) |
Castor Maritime Backtested Returns
Castor Maritime secures Sharpe Ratio (or Efficiency) of -0.0923, which signifies that the company had a -0.0923 % 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 Standard Deviation of 2.92, mean deviation of 2.11, and Risk Adjusted Performance of (0.13) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.8, 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. At this point, Castor Maritime has a negative expected return of -0.26%. Please make sure to confirm Castor Maritime's 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 | 0.61 |
Good predictability
Castor Maritime has good predictability. Overlapping area represents the amount of predictability between Castor Maritime time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th of March 2025. 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 0.61 indicates that roughly 61.0% of current Castor Maritime price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.61 | |
| Spearman Rank Test | 0.47 | |
| 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 |
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Try AI Portfolio ArchitectCheck 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 Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
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.