Seanergy Net Income vs Net Income Per E B T Analysis

SHIP Stock  USD 7.94  0.14  1.73%   
Seanergy Maritime financial indicator trend analysis is much more than just breaking down Seanergy Maritime prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Seanergy Maritime is a good investment. Please check the relationship between Seanergy Maritime Net Income and its Net Income Per E B T accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Seanergy Maritime Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Net Income vs Net Income Per E B T

Net Income vs Net Income Per E B T Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Seanergy Maritime Net Income account and Net Income Per E B T. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Seanergy Maritime's Net Income and Net Income Per E B T is 0.19. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Net Income Per E B T in the same time period over historical financial statements of Seanergy Maritime Holdings, assuming nothing else is changed. The correlation between historical values of Seanergy Maritime's Net Income and Net Income Per E B T is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income of Seanergy Maritime Holdings are associated (or correlated) with its Net Income Per E B T. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income Per E B T has no effect on the direction of Net Income i.e., Seanergy Maritime's Net Income and Net Income Per E B T go up and down completely randomly.

Correlation Coefficient

0.19
Relationship DirectionPositive 
Relationship StrengthInsignificant

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Seanergy Maritime financial statement analysis. It represents the amount of money remaining after all of Seanergy Maritime Holdings operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Net Income Per E B T

Most indicators from Seanergy Maritime's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Seanergy Maritime current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Seanergy Maritime Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.
At this time, Seanergy Maritime's Selling General Administrative is relatively stable compared to the past year. Tax Provision is expected to grow at the current pace this year, while Issuance Of Capital Stock is likely to drop 7,600.
 2021 2022 2023 2024 (projected)
Total Revenue153.1M125.0M110.2M79.3M
Depreciation And Amortization19.9M28.3M24.7M16.7M

Seanergy Maritime fundamental ratios Correlations

0.770.260.260.820.79-0.330.390.831.00.610.780.830.710.70.480.790.820.61-0.030.0-0.420.84-0.260.810.59
0.770.250.380.480.86-0.470.250.530.750.420.540.530.380.390.450.610.830.660.10.01-0.690.71-0.180.360.31
0.260.250.280.380.140.17-0.410.230.23-0.170.260.230.290.340.290.130.040.37-0.580.010.080.06-0.150.320.19
0.260.380.280.050.43-0.32-0.110.260.19-0.020.20.260.120.280.290.250.390.820.61-0.15-0.230.19-0.050.060.19
0.820.480.380.050.36-0.150.150.830.830.460.910.830.90.910.440.680.410.4-0.27-0.12-0.180.51-0.550.810.64
0.790.860.140.430.36-0.390.380.450.770.440.450.450.280.280.390.510.980.660.220.08-0.520.89-0.120.480.28
-0.33-0.470.17-0.32-0.15-0.39-0.41-0.3-0.32-0.37-0.29-0.3-0.44-0.26-0.17-0.72-0.46-0.29-0.4-0.110.91-0.280.180.21-0.11
0.390.25-0.41-0.110.150.38-0.410.170.420.660.180.170.190.030.140.40.49-0.060.180.52-0.350.550.040.230.22
0.830.530.230.260.830.45-0.30.170.820.590.711.00.760.780.470.760.520.630.01-0.15-0.30.62-0.180.70.74
1.00.750.230.190.830.77-0.320.420.820.630.780.820.720.690.480.790.80.55-0.070.02-0.410.84-0.270.820.59
0.610.42-0.17-0.020.460.44-0.370.660.590.630.50.590.520.340.40.580.530.170.070.49-0.30.68-0.030.470.54
0.780.540.260.20.910.45-0.290.180.710.780.50.710.880.930.490.660.480.42-0.02-0.04-0.260.51-0.720.710.56
0.830.530.230.260.830.45-0.30.171.00.820.590.710.760.780.470.760.520.630.01-0.15-0.30.62-0.180.70.74
0.710.380.290.120.90.28-0.440.190.760.720.520.880.760.880.410.780.340.35-0.13-0.08-0.330.4-0.610.60.59
0.70.390.340.280.910.28-0.260.030.780.690.340.930.780.880.50.670.320.45-0.02-0.17-0.190.36-0.630.660.63
0.480.450.290.290.440.39-0.170.140.470.480.40.490.470.410.50.450.310.26-0.01-0.06-0.130.410.030.440.87
0.790.610.130.250.680.51-0.720.40.760.790.580.660.760.780.670.450.570.430.060.01-0.710.52-0.170.420.54
0.820.830.040.390.410.98-0.460.490.520.80.530.480.520.340.320.310.570.660.270.11-0.560.92-0.140.50.28
0.610.660.370.820.40.66-0.29-0.060.630.550.170.420.630.350.450.260.430.660.38-0.25-0.330.53-0.160.380.31
-0.030.1-0.580.61-0.270.22-0.40.180.01-0.070.07-0.020.01-0.13-0.02-0.010.060.270.38-0.18-0.240.08-0.01-0.24-0.03
0.00.010.01-0.15-0.120.08-0.110.52-0.150.020.49-0.04-0.15-0.08-0.17-0.060.010.11-0.25-0.18-0.070.20.1-0.04-0.15
-0.42-0.690.08-0.23-0.18-0.520.91-0.35-0.3-0.41-0.3-0.26-0.3-0.33-0.19-0.13-0.71-0.56-0.33-0.24-0.07-0.360.110.18-0.02
0.840.710.060.190.510.89-0.280.550.620.840.680.510.620.40.360.410.520.920.530.080.2-0.36-0.110.670.47
-0.26-0.18-0.15-0.05-0.55-0.120.180.04-0.18-0.27-0.03-0.72-0.18-0.61-0.630.03-0.17-0.14-0.16-0.010.10.11-0.11-0.270.01
0.810.360.320.060.810.480.210.230.70.820.470.710.70.60.660.440.420.50.38-0.24-0.040.180.67-0.270.63
0.590.310.190.190.640.28-0.110.220.740.590.540.560.740.590.630.870.540.280.31-0.03-0.15-0.020.470.010.63
Click cells to compare fundamentals

Seanergy Maritime Account Relationship Matchups

Seanergy Maritime fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets282.6M295.2M486.9M513.6M477.9M338.7M
Short Long Term Debt Total197.8M184.3M222.7M314.7M233.0M246.6M
Other Current Liab(181.9M)3.0M5.2M43.5M8.2M8.6M
Total Current Liabilities24.2M30.8M88.0M94.7M69.5M51.7M
Total Stockholder Equity29.9M95.7M244.5M221.7M228.4M239.9M
Net Debt183.1M160.6M175.6M282.2M213.5M198.1M
Retained Earnings(376.2M)(394.6M)(353.2M)(362.0M)(361.7M)(379.8M)
Accounts Payable16.1M3.7M5.8M7.8M5.5M5.3M
Cash14.6M23.7M47.1M32.5M19.4M21.1M
Non Current Assets Total268.0M271.6M439.8M481.1M452.8M313.1M
Non Currrent Assets Other14.2M13.9M10.8M13.9M6.4M7.7M
Other Assets6.0M6.7M13.7M18.7M21.5M22.6M
Cash And Short Term Investments14.6M23.7M47.1M32.5M19.4M21.1M
Common Stock Shares Outstanding95.8K3.3M19.1M17.7M18.4M19.4M
Liabilities And Stockholders Equity282.6M295.2M486.9M513.6M477.9M338.7M
Other Current Assets1.3M2.5M2.7M30.4M2.9M2.7M
Other Stockholder Equity406.1M490.3M597.7M583.7M590.1M374.3M
Total Liab252.7M199.6M242.4M291.9M249.4M240.6M
Total Current Assets14.6M23.7M47.1M32.5M25.1M31.3M
Short Term Debt185.8M19.6M69.4M46.0M53.7M63.9M
Non Current Liabilities Total228.5M199.6M242.4M291.9M179.9M228.5M
Property Plant And Equipment Net253.8M256.7M426.1M462.4M440.9M320.9M
Current Deferred Revenue4.3M4.5M7.7M14.9M2.1M3.4M
Long Term Debt12.0M184.3M222.7M255.7M179.0M168.0M
Inventory3.9M4.7M1.4M2.0M1.6M2.6M
Property Plant And Equipment Gross254.6M258.0M426.1M462.4M542.3M345.5M
Property Plant Equipment254.6M258.0M426.1M462.4M416.1M238.3M
Net Receivables1.8M801K(1.9M)1.5M1.2M1.1M
Net Tangible Assets29.9M95.7M244.5M221.7M255.0M267.7M
Short Long Term Debt185.7M19.4M69.2M58.9M31.8M43.7M
Deferred Long Term Liab2.3M4.7M4.4M8.6M9.9M10.4M

Pair Trading with Seanergy Maritime

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Seanergy Maritime position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Seanergy Maritime will appreciate offsetting losses from the drop in the long position's value.

Moving together with Seanergy Stock

  0.93SB Safe BulkersPairCorr

Moving against Seanergy Stock

  0.78HTCO Caravelle International Symbol ChangePairCorr
  0.74ULTRF Ultrapetrol BahamasPairCorr
  0.68SB-PD Safe BulkersPairCorr
  0.61SB-PC Safe BulkersPairCorr
  0.52MATX Matson IncPairCorr
The ability to find closely correlated positions to Seanergy Maritime could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Seanergy Maritime when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Seanergy Maritime - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Seanergy Maritime Holdings to buy it.
The correlation of Seanergy Maritime is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Seanergy Maritime moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Seanergy Maritime moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Seanergy Maritime can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Additional Tools for Seanergy Stock Analysis

When running Seanergy Maritime's price analysis, check to measure Seanergy Maritime's 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 Seanergy Maritime is operating at the current time. Most of Seanergy Maritime's value examination focuses on studying past and present price action to predict the probability of Seanergy Maritime's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Seanergy Maritime's price. Additionally, you may evaluate how the addition of Seanergy Maritime to your portfolios can decrease your overall portfolio volatility.