Top Ships Stock Market Value
| TOPS Stock | USD 6.11 0.19 3.02% |
| Symbol | TOP |
TOP Ships Price To Book Ratio
Is Oil & Gas Storage & 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 TOP Ships. If investors know TOP 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 TOP Ships 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 (0.65) | Earnings Share (13.56) | Revenue Per Share | Quarterly Revenue Growth 0.022 | Return On Assets |
The market value of TOP Ships is measured differently than its book value, which is the value of TOP that is recorded on the company's balance sheet. Investors also form their own opinion of TOP Ships' value that differs from its market value or its book value, called intrinsic value, which is TOP Ships' 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 TOP Ships' market value can be influenced by many factors that don't directly affect TOP Ships' 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 TOP Ships' value and its price as these two are different measures arrived at by different means. Investors typically determine if TOP Ships is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, TOP Ships' 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.
TOP Ships '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 TOP Ships' 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 TOP Ships.
| 02/11/2023 |
| 01/31/2025 |
If you would invest 0.00 in TOP Ships on February 11, 2023 and sell it all today you would earn a total of 0.00 from holding TOP Ships or generate 0.0% return on investment in TOP Ships over 720 days. TOP Ships is related to or competes with United Maritime, Globus Maritime, Castor Maritime, Safe Bulkers, Seanergy Maritime, Euroseas, and Performance Shipping. The companys medium range tanker vessels transport crude oil, petroleum products, and bulk liquid chemicals More
TOP Ships 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 TOP Ships' 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 TOP Ships upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 15.5 | |||
| Value At Risk | (5.56) | |||
| Potential Upside | 5.22 |
TOP Ships Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TOP Ships' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TOP Ships' standard deviation. In reality, there are many statistical measures that can use TOP Ships historical prices to predict the future TOP Ships' volatility.| Risk Adjusted Performance | (0.13) | |||
| Jensen Alpha | (0.54) | |||
| Total Risk Alpha | (0.80) | |||
| Treynor Ratio | (0.82) |
TOP Ships Backtested Returns
TOP Ships owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.1, which indicates the firm had a -0.1 % return per unit of standard deviation over the last 3 months. TOP Ships exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate TOP Ships' variance of 8.62, and Risk Adjusted Performance of (0.13) to confirm the risk estimate we provide. The entity has a beta of 0.59, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, TOP Ships' returns are expected to increase less than the market. However, during the bear market, the loss of holding TOP Ships is expected to be smaller as well. At this point, TOP Ships has a negative expected return of -0.31%. Please make sure to validate TOP Ships' maximum drawdown, daily balance of power, as well as the relationship between the Daily Balance Of Power and period momentum indicator , to decide if TOP Ships performance from the past will be repeated at some future point.
Auto-correlation | -0.37 |
Poor reverse predictability
TOP Ships has poor reverse predictability. Overlapping area represents the amount of predictability between TOP Ships time series from 11th of February 2023 to 6th of February 2024 and 6th of February 2024 to 31st 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 TOP Ships price movement. The serial correlation of -0.37 indicates that just about 37.0% of current TOP Ships price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.37 | |
| Spearman Rank Test | -0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 6.95 |
TOP Ships lagged returns against current returns
Autocorrelation, which is TOP Ships 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 TOP Ships' stock expected returns. We can calculate the autocorrelation of TOP Ships returns to help us make a trade decision. For example, suppose you find that TOP Ships 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 |
TOP Ships 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 TOP Ships stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TOP Ships stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TOP Ships stock over time.
Current vs Lagged Prices |
| Timeline |
TOP Ships Lagged Returns
When evaluating TOP Ships' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TOP Ships stock have on its future price. TOP Ships 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, TOP Ships autocorrelation shows the relationship between TOP Ships stock current value and its past values and can show if there is a momentum factor associated with investing in TOP Ships.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for TOP Stock Analysis
When running TOP Ships' price analysis, check to measure TOP Ships' 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 TOP Ships is operating at the current time. Most of TOP Ships' value examination focuses on studying past and present price action to predict the probability of TOP Ships' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move TOP Ships' price. Additionally, you may evaluate how the addition of TOP Ships to your portfolios can decrease your overall portfolio volatility.