Onewater Marine Stock Market Value
| ONEW Stock | USD 22.60 1.04 4.82% |
| Symbol | Onewater |
Onewater Marine Price To Book Ratio
Is Automotive 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 Onewater Marine. If investors know Onewater 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 Onewater Marine 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 (0.49) | Earnings Share (0.39) | Revenue Per Share 127.131 | Quarterly Revenue Growth (0.09) | Return On Assets 0.0385 |
The market value of Onewater Marine is measured differently than its book value, which is the value of Onewater that is recorded on the company's balance sheet. Investors also form their own opinion of Onewater Marine's value that differs from its market value or its book value, called intrinsic value, which is Onewater Marine'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 Onewater Marine's market value can be influenced by many factors that don't directly affect Onewater Marine'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 Onewater Marine's value and its price as these two are different measures arrived at by different means. Investors typically determine if Onewater Marine is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Onewater Marine'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.
Onewater Marine '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 Onewater Marine'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 Onewater Marine.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Onewater Marine on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Onewater Marine or generate 0.0% return on investment in Onewater Marine over 30 days. Onewater Marine is related to or competes with LCI Industries, MCBC Holdings, BRP, Malibu Boats, Winnebago Industries, Brunswick, and Marine Products. OneWater Marine Inc. operates as a recreational boat retailer in the United States More
Onewater Marine 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 Onewater Marine'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 Onewater Marine upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 20.49 | |||
| Value At Risk | (5.79) | |||
| Potential Upside | 7.5 |
Onewater Marine Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Onewater Marine's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Onewater Marine's standard deviation. In reality, there are many statistical measures that can use Onewater Marine historical prices to predict the future Onewater Marine's volatility.| Risk Adjusted Performance | 0.0022 | |||
| Jensen Alpha | (0.40) | |||
| Total Risk Alpha | (0.61) | |||
| Treynor Ratio | (0.01) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Onewater Marine's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Onewater Marine Backtested Returns
Onewater Marine maintains Sharpe Ratio (i.e., Efficiency) of -0.0099, which implies the firm had a -0.0099% return per unit of risk over the last 3 months. Onewater Marine exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Onewater Marine's Risk Adjusted Performance of 0.0022, coefficient of variation of (13,555), and Variance of 13.38 to confirm the risk estimate we provide. The company holds a Beta of 2.99, which implies 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, Onewater Marine will likely underperform. At this point, Onewater Marine has a negative expected return of -0.0359%. Please make sure to check Onewater Marine's coefficient of variation, value at risk, as well as the relationship between the Value At Risk and rate of daily change , to decide if Onewater Marine performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.3 |
Weak reverse predictability
Onewater Marine has weak reverse predictability. Overlapping area represents the amount of predictability between Onewater Marine 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 Onewater Marine price movement. The serial correlation of -0.3 indicates that nearly 30.0% of current Onewater Marine price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.3 | |
| Spearman Rank Test | -0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 4.31 |
Onewater Marine lagged returns against current returns
Autocorrelation, which is Onewater Marine 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 Onewater Marine's stock expected returns. We can calculate the autocorrelation of Onewater Marine returns to help us make a trade decision. For example, suppose you find that Onewater Marine 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 |
Onewater Marine 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 Onewater Marine stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Onewater Marine stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Onewater Marine stock over time.
Current vs Lagged Prices |
| Timeline |
Onewater Marine Lagged Returns
When evaluating Onewater Marine's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Onewater Marine stock have on its future price. Onewater Marine 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, Onewater Marine autocorrelation shows the relationship between Onewater Marine stock current value and its past values and can show if there is a momentum factor associated with investing in Onewater Marine.
Regressed Prices |
| Timeline |
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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.Additional Tools for Onewater Stock Analysis
When running Onewater Marine's price analysis, check to measure Onewater Marine'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 Onewater Marine is operating at the current time. Most of Onewater Marine's value examination focuses on studying past and present price action to predict the probability of Onewater Marine's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Onewater Marine's price. Additionally, you may evaluate how the addition of Onewater Marine to your portfolios can decrease your overall portfolio volatility.