Pyxis Tankers Stock Market Value
| PXS Stock | USD 3.98 0.10 2.45% |
| Symbol | Pyxis |
Pyxis Tankers 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 Pyxis Tankers. If investors know Pyxis 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 Pyxis Tankers 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 0.834 | Earnings Share 2.73 | Revenue Per Share 4.739 | Quarterly Revenue Growth 0.463 | Return On Assets 0.0778 |
The market value of Pyxis Tankers is measured differently than its book value, which is the value of Pyxis that is recorded on the company's balance sheet. Investors also form their own opinion of Pyxis Tankers' value that differs from its market value or its book value, called intrinsic value, which is Pyxis Tankers' 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 Pyxis Tankers' market value can be influenced by many factors that don't directly affect Pyxis Tankers' 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 Pyxis Tankers' value and its price as these two are different measures arrived at by different means. Investors typically determine if Pyxis Tankers is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Pyxis Tankers' 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.
Pyxis Tankers '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 Pyxis Tankers' 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 Pyxis Tankers.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in Pyxis Tankers on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding Pyxis Tankers or generate 0.0% return on investment in Pyxis Tankers over 510 days. Pyxis Tankers is related to or competes with EuroDry, Costamare, Global Ship, Danaos, Euroseas, Himalaya Shipping, and Kirby. Pyxis Tankers Inc. operates as a maritime transportation company with a focus on the tanker sector in the United States More
Pyxis Tankers 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 Pyxis Tankers' 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 Pyxis Tankers upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.30) | |||
| Maximum Drawdown | 8.44 | |||
| Value At Risk | (3.36) | |||
| Potential Upside | 1.86 |
Pyxis Tankers Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pyxis Tankers' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pyxis Tankers' standard deviation. In reality, there are many statistical measures that can use Pyxis Tankers historical prices to predict the future Pyxis Tankers' volatility.| Risk Adjusted Performance | (0.17) | |||
| Jensen Alpha | (0.44) | |||
| Total Risk Alpha | (0.67) | |||
| Treynor Ratio | (1.31) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Pyxis Tankers' 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.
Pyxis Tankers Backtested Returns
Pyxis Tankers maintains Sharpe Ratio (i.e., Efficiency) of -0.21, which implies the firm had a -0.21% return per unit of risk over the last 3 months. Pyxis Tankers exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Pyxis Tankers' Coefficient Of Variation of (439.10), variance of 2.93, and Risk Adjusted Performance of (0.17) to confirm the risk estimate we provide. The company holds a Beta of 0.31, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Pyxis Tankers' returns are expected to increase less than the market. However, during the bear market, the loss of holding Pyxis Tankers is expected to be smaller as well. At this point, Pyxis Tankers has a negative expected return of -0.36%. Please make sure to check Pyxis Tankers' potential upside and day median price , to decide if Pyxis Tankers performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.25 |
Weak reverse predictability
Pyxis Tankers has weak reverse predictability. Overlapping area represents the amount of predictability between Pyxis Tankers time series from 5th of July 2023 to 16th of March 2024 and 16th of March 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 Pyxis Tankers price movement. The serial correlation of -0.25 indicates that over 25.0% of current Pyxis Tankers price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.25 | |
| Spearman Rank Test | 0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 0.1 |
Pyxis Tankers lagged returns against current returns
Autocorrelation, which is Pyxis Tankers 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 Pyxis Tankers' stock expected returns. We can calculate the autocorrelation of Pyxis Tankers returns to help us make a trade decision. For example, suppose you find that Pyxis Tankers 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 |
Pyxis Tankers 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 Pyxis Tankers stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pyxis Tankers stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pyxis Tankers stock over time.
Current vs Lagged Prices |
| Timeline |
Pyxis Tankers Lagged Returns
When evaluating Pyxis Tankers' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pyxis Tankers stock have on its future price. Pyxis Tankers 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, Pyxis Tankers autocorrelation shows the relationship between Pyxis Tankers stock current value and its past values and can show if there is a momentum factor associated with investing in Pyxis Tankers.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Pyxis Stock Analysis
When running Pyxis Tankers' price analysis, check to measure Pyxis Tankers' 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 Pyxis Tankers is operating at the current time. Most of Pyxis Tankers' value examination focuses on studying past and present price action to predict the probability of Pyxis Tankers' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Pyxis Tankers' price. Additionally, you may evaluate how the addition of Pyxis Tankers to your portfolios can decrease your overall portfolio volatility.