Costamare Stock Market Value
| CMRE Stock | USD 14.06 0.38 2.63% |
| Symbol | Costamare |
Costamare 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 Costamare. If investors know Costamare 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 Costamare 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 0.399 | Dividend Share 0.46 | Earnings Share 3 | Revenue Per Share 17.083 | Quarterly Revenue Growth 0.36 |
The market value of Costamare is measured differently than its book value, which is the value of Costamare that is recorded on the company's balance sheet. Investors also form their own opinion of Costamare's value that differs from its market value or its book value, called intrinsic value, which is Costamare'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 Costamare's market value can be influenced by many factors that don't directly affect Costamare'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 Costamare's value and its price as these two are different measures arrived at by different means. Investors typically determine if Costamare is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Costamare'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.
Costamare '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 Costamare'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 Costamare.
| 10/22/2024 |
| 11/21/2024 |
If you would invest 0.00 in Costamare on October 22, 2024 and sell it all today you would earn a total of 0.00 from holding Costamare or generate 0.0% return on investment in Costamare over 30 days. Costamare is related to or competes with Global Ship, Navios Maritime, Genco Shipping, Danaos, Ardmore Shpng, Euroseas, and Himalaya Shipping. Costamare Inc. owns and charters containerships to liner companies worldwide More
Costamare 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 Costamare'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 Costamare upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.32 | |||
| Information Ratio | (0.0003) | |||
| Maximum Drawdown | 9.49 | |||
| Value At Risk | (4.34) | |||
| Potential Upside | 3.19 |
Costamare Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Costamare's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Costamare's standard deviation. In reality, there are many statistical measures that can use Costamare historical prices to predict the future Costamare's volatility.| Risk Adjusted Performance | 0.0413 | |||
| Jensen Alpha | 0.0193 | |||
| Total Risk Alpha | (0.15) | |||
| Sortino Ratio | (0.0002) | |||
| Treynor Ratio | 0.1107 |
Costamare Backtested Returns
At this point, Costamare is not too volatile. Costamare secures Sharpe Ratio (or Efficiency) of 0.0347, which signifies that the company had a 0.0347% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Costamare, which you can use to evaluate the volatility of the firm. Please confirm Costamare's Risk Adjusted Performance of 0.0413, downside deviation of 2.32, and Mean Deviation of 1.62 to double-check if the risk estimate we provide is consistent with the expected return of 0.0723%. Costamare has a performance score of 2 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.77, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Costamare's returns are expected to increase less than the market. However, during the bear market, the loss of holding Costamare is expected to be smaller as well. Costamare right now shows a risk of 2.08%. Please confirm Costamare semi variance, and the relationship between the maximum drawdown and accumulation distribution , to decide if Costamare will be following its price patterns.
Auto-correlation | -0.14 |
Insignificant reverse predictability
Costamare has insignificant reverse predictability. Overlapping area represents the amount of predictability between Costamare time series from 22nd of October 2024 to 6th of November 2024 and 6th of November 2024 to 21st of November 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 Costamare price movement. The serial correlation of -0.14 indicates that less than 14.0% of current Costamare price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.14 | |
| Spearman Rank Test | 0.61 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Costamare lagged returns against current returns
Autocorrelation, which is Costamare 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 Costamare's stock expected returns. We can calculate the autocorrelation of Costamare returns to help us make a trade decision. For example, suppose you find that Costamare 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 |
Costamare 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 Costamare stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Costamare stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Costamare stock over time.
Current vs Lagged Prices |
| Timeline |
Costamare Lagged Returns
When evaluating Costamare's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Costamare stock have on its future price. Costamare 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, Costamare autocorrelation shows the relationship between Costamare stock current value and its past values and can show if there is a momentum factor associated with investing in Costamare.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Costamare is a strong investment it is important to analyze Costamare'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 Costamare's future performance. For an informed investment choice regarding Costamare Stock, refer to the following important reports:Check out Costamare Correlation, Costamare Volatility and Costamare Alpha and Beta module to complement your research on Costamare. For information on how to trade Costamare Stock refer to our How to Trade Costamare Stock guide.You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
Costamare 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.