Seanergy Maritime Holdings Stock Market Value
| SHIP Stock | USD 7.07 0.02 0.28% |
| Symbol | Seanergy |
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 Seanergy Maritime. If investors know Seanergy 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 Seanergy Maritime listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Seanergy Maritime is measured differently than its book value, which is the value of Seanergy that is recorded on the company's balance sheet. Investors also form their own opinion of Seanergy Maritime's value that differs from its market value or its book value, called intrinsic value, which is Seanergy Maritime'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 Seanergy Maritime's market value can be influenced by many factors that don't directly affect Seanergy Maritime'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 Seanergy Maritime's value and its price as these two are different measures arrived at by different means. Investors typically determine if Seanergy Maritime is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Seanergy Maritime'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.
Seanergy Maritime '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 Seanergy Maritime'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 Seanergy Maritime.
| 12/19/2024 |
| 01/18/2025 |
If you would invest 0.00 in Seanergy Maritime on December 19, 2024 and sell it all today you would earn a total of 0.00 from holding Seanergy Maritime Holdings or generate 0.0% return on investment in Seanergy Maritime over 30 days. Seanergy Maritime is related to or competes with TOP Ships, Euroseas, Pyxis Tankers, Cool, Globus Maritime, United Maritime, and Performance Shipping. Seanergy Maritime Holdings Corp., a shipping company, engages in the seaborne transportation of dry bulk commodities wor... More
Seanergy Maritime 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 Seanergy Maritime'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 Seanergy Maritime Holdings upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.27) | |||
| Maximum Drawdown | 10.16 | |||
| Value At Risk | (3.37) | |||
| Potential Upside | 3.32 |
Seanergy Maritime Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Seanergy Maritime's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Seanergy Maritime's standard deviation. In reality, there are many statistical measures that can use Seanergy Maritime historical prices to predict the future Seanergy Maritime's volatility.| Risk Adjusted Performance | (0.20) | |||
| Jensen Alpha | (0.51) | |||
| Total Risk Alpha | (0.56) | |||
| Treynor Ratio | 3.08 |
Seanergy Maritime Backtested Returns
Seanergy Maritime owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.25, which indicates the firm had a -0.25% return per unit of risk over the last 3 months. Seanergy Maritime Holdings exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Seanergy Maritime's Risk Adjusted Performance of (0.20), variance of 3.97, and Coefficient Of Variation of (397.52) to confirm the risk estimate we provide. The entity has a beta of -0.17, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Seanergy Maritime are expected to decrease at a much lower rate. During the bear market, Seanergy Maritime is likely to outperform the market. At this point, Seanergy Maritime has a negative expected return of -0.5%. Please make sure to validate Seanergy Maritime's treynor ratio, as well as the relationship between the kurtosis and day typical price , to decide if Seanergy Maritime performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.38 |
Below average predictability
Seanergy Maritime Holdings has below average predictability. Overlapping area represents the amount of predictability between Seanergy Maritime time series from 19th of December 2024 to 3rd of January 2025 and 3rd of January 2025 to 18th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Seanergy Maritime price movement. The serial correlation of 0.38 indicates that just about 38.0% of current Seanergy Maritime price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.38 | |
| Spearman Rank Test | 0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Seanergy Maritime lagged returns against current returns
Autocorrelation, which is Seanergy Maritime 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 Seanergy Maritime's stock expected returns. We can calculate the autocorrelation of Seanergy Maritime returns to help us make a trade decision. For example, suppose you find that Seanergy Maritime 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 |
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Seanergy Maritime 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 Seanergy Maritime stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Seanergy Maritime stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Seanergy Maritime stock over time.
Current vs Lagged Prices |
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Seanergy Maritime Lagged Returns
When evaluating Seanergy Maritime's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Seanergy Maritime stock have on its future price. Seanergy Maritime 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, Seanergy Maritime autocorrelation shows the relationship between Seanergy Maritime stock current value and its past values and can show if there is a momentum factor associated with investing in Seanergy Maritime Holdings.
Regressed Prices |
| Timeline |
Pair Trading with Seanergy Maritime
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 Seanergy Maritime 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 Seanergy Maritime will appreciate offsetting losses from the drop in the long position's value.Moving together with Seanergy Stock
The ability to find closely correlated positions to Seanergy Maritime could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Seanergy Maritime 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 Seanergy Maritime - 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 Seanergy Maritime Holdings to buy it.
The correlation of Seanergy Maritime 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 Seanergy Maritime moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Seanergy Maritime 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 Seanergy Maritime 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.Additional Tools for Seanergy Stock Analysis
When running Seanergy Maritime's price analysis, check to measure Seanergy Maritime'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 Seanergy Maritime is operating at the current time. Most of Seanergy Maritime's value examination focuses on studying past and present price action to predict the probability of Seanergy Maritime's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Seanergy Maritime's price. Additionally, you may evaluate how the addition of Seanergy Maritime to your portfolios can decrease your overall portfolio volatility.