Maritime Launch Services Stock Market Value
| MAXQ Stock | 0.06 0.01 37.50% |
| Symbol | Maritime |
Maritime Launch '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 Maritime Launch'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 Maritime Launch.
| 12/12/2022 |
| 12/01/2024 |
If you would invest 0.00 in Maritime Launch on December 12, 2022 and sell it all today you would earn a total of 0.00 from holding Maritime Launch Services or generate 0.0% return on investment in Maritime Launch over 720 days. Maritime Launch is related to or competes with Firan Technology, Baylin Technologies, Bewhere Holdings, and Questor Technology. Maritime Launch is entity of Canada. It is traded as Stock on NEO exchange. More
Maritime Launch 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 Maritime Launch'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 Maritime Launch Services upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 13.77 | |||
| Information Ratio | 0.0327 | |||
| Maximum Drawdown | 53.33 | |||
| Value At Risk | (18.18) | |||
| Potential Upside | 22.22 |
Maritime Launch Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Maritime Launch's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Maritime Launch's standard deviation. In reality, there are many statistical measures that can use Maritime Launch historical prices to predict the future Maritime Launch's volatility.| Risk Adjusted Performance | 0.0433 | |||
| Jensen Alpha | 0.1888 | |||
| Total Risk Alpha | (1.45) | |||
| Sortino Ratio | 0.0278 | |||
| Treynor Ratio | 0.2025 |
Maritime Launch Services Backtested Returns
Maritime Launch appears to be out of control, given 3 months investment horizon. Maritime Launch Services has Sharpe Ratio of 0.081, which conveys that the firm had a 0.081% return per unit of risk over the last 3 months. By analyzing Maritime Launch's technical indicators, you can evaluate if the expected return of 0.93% is justified by implied risk. Please exercise Maritime Launch's Mean Deviation of 8.05, downside deviation of 13.77, and Risk Adjusted Performance of 0.0433 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Maritime Launch holds a performance score of 6. The company secures a Beta (Market Risk) of 2.52, 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, Maritime Launch will likely underperform. Please check Maritime Launch's treynor ratio, value at risk, and the relationship between the sortino ratio and maximum drawdown , to make a quick decision on whether Maritime Launch's current price movements will revert.
Auto-correlation | 0.19 |
Very weak predictability
Maritime Launch Services has very weak predictability. Overlapping area represents the amount of predictability between Maritime Launch time series from 12th of December 2022 to 7th of December 2023 and 7th of December 2023 to 1st 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 Maritime Launch Services price movement. The serial correlation of 0.19 indicates that over 19.0% of current Maritime Launch price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.19 | |
| Spearman Rank Test | 0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Maritime Launch Services lagged returns against current returns
Autocorrelation, which is Maritime Launch 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 Maritime Launch's stock expected returns. We can calculate the autocorrelation of Maritime Launch returns to help us make a trade decision. For example, suppose you find that Maritime Launch 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 |
Maritime Launch 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 Maritime Launch stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Maritime Launch stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Maritime Launch stock over time.
Current vs Lagged Prices |
| Timeline |
Maritime Launch Lagged Returns
When evaluating Maritime Launch's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Maritime Launch stock have on its future price. Maritime Launch 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, Maritime Launch autocorrelation shows the relationship between Maritime Launch stock current value and its past values and can show if there is a momentum factor associated with investing in Maritime Launch Services.
Regressed Prices |
| Timeline |
Pair Trading with Maritime Launch
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 Maritime Launch 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 Maritime Launch will appreciate offsetting losses from the drop in the long position's value.Moving against Maritime Stock
| 0.43 | FFH | Fairfax Financial | PairCorr |
| 0.35 | TPX-B | Molson Coors Canada | PairCorr |
| 0.33 | FFH-PF | Fairfax Financial | PairCorr |
The ability to find closely correlated positions to Maritime Launch could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Maritime Launch 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 Maritime Launch - 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 Maritime Launch Services to buy it.
The correlation of Maritime Launch 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 Maritime Launch moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Maritime Launch Services 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 Maritime Launch 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.Other Information on Investing in Maritime Stock
Maritime Launch financial ratios help investors to determine whether Maritime 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 Maritime with respect to the benefits of owning Maritime Launch security.