Seanergy Maritime Holdings Stock Beta
| SHIP Stock | USD 8.51 0.09 1.07% |
Seanergy Maritime's fundamental analysis aims to assess its intrinsic value by examining key economic and financial indicators - such as cash flow records, changes in balance sheet accounts, income statement trends, financial ratios, and relevant microeconomic factors affecting Seanergy Stock price.
This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools. Seanergy Maritime Holdings Company Beta Analysis
Seanergy Maritime's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current Seanergy Maritime Beta | 0.81 |
Most of Seanergy Maritime's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Seanergy Maritime Holdings is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
| Competition |
In accordance with the recently published financial statements, Seanergy Maritime Holdings has a Beta of 0.807. This is 41.09% lower than that of the Marine Transportation sector and significantly higher than that of the Industrials industry. The beta for all United States stocks is notably lower than that of the firm.
Seanergy Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Seanergy Maritime's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Seanergy Maritime could also be used in its relative valuation, which is a method of valuing Seanergy Maritime by comparing valuation metrics of similar companies.Seanergy Maritime is currently under evaluation in beta category among its peers.
As returns on the market increase, Seanergy Maritime's returns are expected to increase less than the market. However, during the bear market, the loss of holding Seanergy Maritime is expected to be smaller as well.
Seanergy Fundamentals
| Return On Equity | 0.0594 | ||||
| Return On Asset | 0.0391 | ||||
| Profit Margin | 0.10 % | ||||
| Operating Margin | 0.22 % | ||||
| Current Valuation | 455.63 M | ||||
| Shares Outstanding | 21.11 M | ||||
| Shares Owned By Insiders | 43.72 % | ||||
| Shares Owned By Institutions | 8.97 % | ||||
| Number Of Shares Shorted | 322.97 K | ||||
| Price To Earning | 1.72 X | ||||
| Price To Book | 0.67 X | ||||
| Price To Sales | 1.20 X | ||||
| Revenue | 167.46 M | ||||
| Gross Profit | 89.06 M | ||||
| EBITDA | 92.45 M | ||||
| Net Income | 43.47 M | ||||
| Cash And Equivalents | 36.71 M | ||||
| Cash Per Share | 0.21 X | ||||
| Total Debt | 257.87 M | ||||
| Debt To Equity | 1.10 % | ||||
| Current Ratio | 0.45 X | ||||
| Book Value Per Share | 12.33 X | ||||
| Cash Flow From Operations | 75.28 M | ||||
| Short Ratio | 2.22 X | ||||
| Earnings Per Share | 0.73 X | ||||
| Target Price | 12.63 | ||||
| Number Of Employees | 93 | ||||
| Beta | 0.81 | ||||
| Market Capitalization | 177.78 M | ||||
| Total Asset | 545.85 M | ||||
| Retained Earnings | (333.77 M) | ||||
| Working Capital | (15.72 M) | ||||
| Current Asset | 8.28 M | ||||
| Current Liabilities | 9.25 M | ||||
| Annual Yield | 0.02 % | ||||
| Net Asset | 545.85 M | ||||
| Last Dividend Paid | 0.46 |
About Seanergy Maritime Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Seanergy Maritime Holdings's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Seanergy Maritime using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Seanergy Maritime Holdings based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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 against 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.