Stealthgas Stock Market Value
| GASS Stock | USD 5.06 0.03 0.59% |
| Symbol | StealthGas |
StealthGas Price To Book Ratio
Is Oil & Gas Storage & 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 StealthGas. If investors know StealthGas 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 StealthGas 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 1.593 | Earnings Share 1.77 | Revenue Per Share 4.259 | Quarterly Revenue Growth 0.139 | Return On Assets 0.0478 |
The market value of StealthGas is measured differently than its book value, which is the value of StealthGas that is recorded on the company's balance sheet. Investors also form their own opinion of StealthGas' value that differs from its market value or its book value, called intrinsic value, which is StealthGas' 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 StealthGas' market value can be influenced by many factors that don't directly affect StealthGas' 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 StealthGas' value and its price as these two are different measures arrived at by different means. Investors typically determine if StealthGas is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, StealthGas' 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.
StealthGas '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 StealthGas' 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 StealthGas.
| 07/01/2024 |
| 12/28/2024 |
If you would invest 0.00 in StealthGas on July 1, 2024 and sell it all today you would earn a total of 0.00 from holding StealthGas or generate 0.0% return on investment in StealthGas over 180 days. StealthGas is related to or competes with Danaos, Global Ship, Euroseas, Navios Maritime, Kirby, Cool, and Himalaya Shipping. StealthGas Inc., together with its subsidiaries, provides seaborne transportation services to liquefied petroleum gas pr... More
StealthGas 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 StealthGas' 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 StealthGas upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.24) | |||
| Maximum Drawdown | 10.06 | |||
| Value At Risk | (3.73) | |||
| Potential Upside | 3.48 |
StealthGas Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for StealthGas' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as StealthGas' standard deviation. In reality, there are many statistical measures that can use StealthGas historical prices to predict the future StealthGas' volatility.| Risk Adjusted Performance | (0.17) | |||
| Jensen Alpha | (0.47) | |||
| Total Risk Alpha | (0.51) | |||
| Treynor Ratio | (0.70) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of StealthGas' 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.
StealthGas Backtested Returns
StealthGas owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.22, which indicates the firm had a -0.22% return per unit of risk over the last 3 months. StealthGas exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate StealthGas' Variance of 4.03, risk adjusted performance of (0.17), and Coefficient Of Variation of (453.80) to confirm the risk estimate we provide. The entity has a beta of 0.64, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, StealthGas' returns are expected to increase less than the market. However, during the bear market, the loss of holding StealthGas is expected to be smaller as well. At this point, StealthGas has a negative expected return of -0.45%. Please make sure to validate StealthGas' treynor ratio, as well as the relationship between the kurtosis and day typical price , to decide if StealthGas performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.26 |
Poor predictability
StealthGas has poor predictability. Overlapping area represents the amount of predictability between StealthGas time series from 1st of July 2024 to 29th of September 2024 and 29th of September 2024 to 28th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of StealthGas price movement. The serial correlation of 0.26 indicates that nearly 26.0% of current StealthGas price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.26 | |
| Spearman Rank Test | 0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 0.41 |
StealthGas lagged returns against current returns
Autocorrelation, which is StealthGas 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 StealthGas' stock expected returns. We can calculate the autocorrelation of StealthGas returns to help us make a trade decision. For example, suppose you find that StealthGas 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 |
StealthGas 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 StealthGas stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if StealthGas stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in StealthGas stock over time.
Current vs Lagged Prices |
| Timeline |
StealthGas Lagged Returns
When evaluating StealthGas' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of StealthGas stock have on its future price. StealthGas 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, StealthGas autocorrelation shows the relationship between StealthGas stock current value and its past values and can show if there is a momentum factor associated with investing in StealthGas.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for StealthGas Stock Analysis
When running StealthGas' price analysis, check to measure StealthGas' 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 StealthGas is operating at the current time. Most of StealthGas' value examination focuses on studying past and present price action to predict the probability of StealthGas' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move StealthGas' price. Additionally, you may evaluate how the addition of StealthGas to your portfolios can decrease your overall portfolio volatility.