Performance Shipping Stock Market Value
| PSHG Stock | USD 1.90 0.16 9.20% |
| Symbol | Performance |
Performance Shipping 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 Performance Shipping. If investors know Performance 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 Performance Shipping 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 0.179 | Earnings Share 1.53 | Revenue Per Share 7.294 | Quarterly Revenue Growth (0.05) | Return On Assets 0.0833 |
The market value of Performance Shipping is measured differently than its book value, which is the value of Performance that is recorded on the company's balance sheet. Investors also form their own opinion of Performance Shipping's value that differs from its market value or its book value, called intrinsic value, which is Performance Shipping'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 Performance Shipping's market value can be influenced by many factors that don't directly affect Performance Shipping'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 Performance Shipping's value and its price as these two are different measures arrived at by different means. Investors typically determine if Performance Shipping is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Performance Shipping'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.
Performance Shipping '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 Performance Shipping'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 Performance Shipping.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in Performance Shipping on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding Performance Shipping or generate 0.0% return on investment in Performance Shipping over 30 days. Performance Shipping is related to or competes with Golden Ocean, TOP Ships, Seanergy Maritime, Castor Maritime, and Globus Maritime. Performance Shipping Inc., through its subsidiaries, provides shipping transportation services through its ownership of ... More
Performance Shipping 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 Performance Shipping'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 Performance Shipping upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 11.8 | |||
| Value At Risk | (3.54) | |||
| Potential Upside | 2.63 |
Performance Shipping Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Performance Shipping's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Performance Shipping's standard deviation. In reality, there are many statistical measures that can use Performance Shipping historical prices to predict the future Performance Shipping's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | (0.45) | |||
| Treynor Ratio | 1.38 |
Performance Shipping Backtested Returns
Performance Shipping maintains Sharpe Ratio (i.e., Efficiency) of -0.0892, which implies the firm had a -0.0892% return per unit of risk over the last 3 months. Performance Shipping exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Performance Shipping's Variance of 3.75, coefficient of variation of (1,092), and Risk Adjusted Performance of (0.06) to confirm the risk estimate we provide. The company holds a Beta of -0.14, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Performance Shipping are expected to decrease at a much lower rate. During the bear market, Performance Shipping is likely to outperform the market. At this point, Performance Shipping has a negative expected return of -0.17%. Please make sure to check Performance Shipping's kurtosis, as well as the relationship between the day median price and relative strength index , to decide if Performance Shipping performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.35 |
Poor reverse predictability
Performance Shipping has poor reverse predictability. Overlapping area represents the amount of predictability between Performance Shipping time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th 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 Performance Shipping price movement. The serial correlation of -0.35 indicates that nearly 35.0% of current Performance Shipping price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.35 | |
| Spearman Rank Test | 0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Performance Shipping lagged returns against current returns
Autocorrelation, which is Performance Shipping 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 Performance Shipping's stock expected returns. We can calculate the autocorrelation of Performance Shipping returns to help us make a trade decision. For example, suppose you find that Performance Shipping 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 |
Performance Shipping 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 Performance Shipping stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Performance Shipping stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Performance Shipping stock over time.
Current vs Lagged Prices |
| Timeline |
Performance Shipping Lagged Returns
When evaluating Performance Shipping's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Performance Shipping stock have on its future price. Performance Shipping 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, Performance Shipping autocorrelation shows the relationship between Performance Shipping stock current value and its past values and can show if there is a momentum factor associated with investing in Performance Shipping.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether Performance Shipping is a strong investment it is important to analyze Performance Shipping's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Performance Shipping's future performance. For an informed investment choice regarding Performance Stock, refer to the following important reports:Check out Performance Shipping Correlation, Performance Shipping Volatility and Performance Shipping Alpha and Beta module to complement your research on Performance Shipping. For more detail on how to invest in Performance Stock please use our How to Invest in Performance Shipping guide.You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.
Performance Shipping 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.