Marinemax Stock Market Value
| HZO Stock | USD 32.16 1.23 3.68% |
| Symbol | MarineMax |
MarineMax Price To Book Ratio
Is Other Specialty Retail 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 MarineMax. If investors know MarineMax 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 MarineMax 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 (0.74) | Earnings Share 1.65 | Revenue Per Share 109.153 | Quarterly Revenue Growth (0.05) | Return On Assets 0.0319 |
The market value of MarineMax is measured differently than its book value, which is the value of MarineMax that is recorded on the company's balance sheet. Investors also form their own opinion of MarineMax's value that differs from its market value or its book value, called intrinsic value, which is MarineMax'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 MarineMax's market value can be influenced by many factors that don't directly affect MarineMax'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 MarineMax's value and its price as these two are different measures arrived at by different means. Investors typically determine if MarineMax is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MarineMax'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.
MarineMax '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 MarineMax'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 MarineMax.
| 12/07/2022 |
| 11/26/2024 |
If you would invest 0.00 in MarineMax on December 7, 2022 and sell it all today you would earn a total of 0.00 from holding MarineMax or generate 0.0% return on investment in MarineMax over 720 days. MarineMax is related to or competes with Oriental Culture, Hour Loop, Qurate Retail, Jeffs Brands, Kidpik Corp, MOGU, and Jd Com Inc. MarineMax, Inc. operates as a recreational boat and yacht retailer and superyacht services company in the United States More
MarineMax 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 MarineMax'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 MarineMax upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.93 | |||
| Information Ratio | (0) | |||
| Maximum Drawdown | 18.16 | |||
| Value At Risk | (4.71) | |||
| Potential Upside | 6.01 |
MarineMax Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MarineMax's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MarineMax's standard deviation. In reality, there are many statistical measures that can use MarineMax historical prices to predict the future MarineMax's volatility.| Risk Adjusted Performance | 0.0338 | |||
| Jensen Alpha | (0.27) | |||
| Total Risk Alpha | (0.44) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | 0.0347 |
MarineMax Backtested Returns
As of now, MarineMax Stock is very steady. MarineMax has Sharpe Ratio of 0.0223, which conveys that the firm had a 0.0223% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for MarineMax, which you can use to evaluate the volatility of the firm. Please verify MarineMax's Risk Adjusted Performance of 0.0338, mean deviation of 2.51, and Downside Deviation of 2.93 to check out if the risk estimate we provide is consistent with the expected return of 0.0803%. MarineMax has a performance score of 1 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 3.16, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, MarineMax will likely underperform. MarineMax right now secures a risk of 3.6%. Please verify MarineMax potential upside, as well as the relationship between the accumulation distribution and period momentum indicator , to decide if MarineMax will be following its current price movements.
Auto-correlation | 0.51 |
Modest predictability
MarineMax has modest predictability. Overlapping area represents the amount of predictability between MarineMax time series from 7th of December 2022 to 2nd of December 2023 and 2nd of December 2023 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 MarineMax price movement. The serial correlation of 0.51 indicates that about 51.0% of current MarineMax price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.51 | |
| Spearman Rank Test | -0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 9.54 |
MarineMax lagged returns against current returns
Autocorrelation, which is MarineMax 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 MarineMax's stock expected returns. We can calculate the autocorrelation of MarineMax returns to help us make a trade decision. For example, suppose you find that MarineMax 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 |
MarineMax 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 MarineMax stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MarineMax stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MarineMax stock over time.
Current vs Lagged Prices |
| Timeline |
MarineMax Lagged Returns
When evaluating MarineMax's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MarineMax stock have on its future price. MarineMax 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, MarineMax autocorrelation shows the relationship between MarineMax stock current value and its past values and can show if there is a momentum factor associated with investing in MarineMax.
Regressed Prices |
| Timeline |
Pair Trading with MarineMax
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 MarineMax 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 MarineMax will appreciate offsetting losses from the drop in the long position's value.Moving together with MarineMax Stock
The ability to find closely correlated positions to MarineMax could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace MarineMax 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 MarineMax - 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 MarineMax to buy it.
The correlation of MarineMax 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 MarineMax moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if MarineMax 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 MarineMax 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.Check out MarineMax Correlation, MarineMax Volatility and MarineMax Alpha and Beta module to complement your research on MarineMax. To learn how to invest in MarineMax Stock, please use our How to Invest in MarineMax guide.You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
MarineMax 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.