Costamare Preferred Stock Market Value
| CMRE-PD Preferred Stock | USD 26.39 0.48 1.85% |
| Symbol | Costamare |
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 preferred 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.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Costamare on October 27, 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 Safe Bulkers, Safe Bulkers, Diana Shipping, and Global Ship. 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 preferred 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 | 0.6407 | |||
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 3.0 | |||
| Value At Risk | (0.91) | |||
| Potential Upside | 0.8028 |
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 | 0.0385 | |||
| Jensen Alpha | 0.0417 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | (0.15) | |||
| Treynor Ratio | (0.14) |
Costamare Backtested Returns
At this point, Costamare is very steady. Costamare secures Sharpe Ratio (or Efficiency) of 0.0392, which signifies that the company had a 0.0392% 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 0.0385, mean deviation of 0.4417, and Downside Deviation of 0.6407 to double-check if the risk estimate we provide is consistent with the expected return of 0.0232%. Costamare has a performance score of 3 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.16, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Costamare are expected to decrease at a much lower rate. During the bear market, Costamare is likely to outperform the market. Costamare right now shows a risk of 0.59%. Please confirm Costamare total risk alpha, treynor ratio, value at risk, as well as the relationship between the sortino ratio and maximum drawdown , to decide if Costamare will be following its price patterns.
Auto-correlation | 0.43 |
Average predictability
Costamare has average predictability. Overlapping area represents the amount of predictability between Costamare time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 0.43 indicates that just about 43.0% of current Costamare price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.43 | |
| Spearman Rank Test | 0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
Costamare lagged returns against current returns
Autocorrelation, which is Costamare preferred 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 preferred 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 preferred 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 preferred stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Costamare preferred stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Costamare preferred 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 preferred 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 preferred 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.Other Information on Investing in Costamare Preferred Stock
Costamare financial ratios help investors to determine whether Costamare Preferred Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Costamare with respect to the benefits of owning Costamare security.