Seanergy Return On Assets from 2010 to 2024
| SHIP Stock | USD 7.54 0.05 0.67% |
Return On Assets | First Reported 2010-12-31 | Previous Quarter 0.00477529 | Current Value 0.004537 | Quarterly Volatility 6.40159172 |
Check Seanergy Maritime financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Seanergy Maritime's main balance sheet or income statement drivers, such as Interest Expense of 12.7 M, Selling General Administrative of 23.8 M or Other Operating Expenses of 71.1 M, as well as many indicators such as Price To Sales Ratio of 1.4, Dividend Yield of 0.0763 or PTB Ratio of 0.58. Seanergy financial statements analysis is a perfect complement when working with Seanergy Maritime Valuation or Volatility modules.
Seanergy | Return On Assets |
Latest Seanergy Maritime's Return On Assets Growth Pattern
Below is the plot of the Return On Assets of Seanergy Maritime Holdings over the last few years. It is a profitability ratio that indicates the percentage of profit a company earns in relation to its overall resources. It is calculated by dividing net income by total assets. Seanergy Maritime's Return On Assets historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Seanergy Maritime's overall financial position and show how it may be relating to other accounts over time.
| Return On Assets | 10 Years Trend |
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Return On Assets |
| Timeline |
Seanergy Return On Assets Regression Statistics
| Arithmetic Mean | 1.50 | |
| Coefficient Of Variation | 427.75 | |
| Mean Deviation | 3.08 | |
| Median | (0.01) | |
| Standard Deviation | 6.40 | |
| Sample Variance | 40.98 | |
| Range | 26.1882 | |
| R-Value | (0.16) | |
| Mean Square Error | 43.03 | |
| R-Squared | 0.02 | |
| Significance | 0.57 | |
| Slope | (0.23) | |
| Total Sum of Squares | 573.73 |
Seanergy Return On Assets History
About Seanergy Maritime Financial Statements
Seanergy Maritime shareholders use historical fundamental indicators, such as Return On Assets, to determine how well the company is positioned to perform in the future. Although Seanergy Maritime investors may analyze each financial statement separately, they are all interrelated. The changes in Seanergy Maritime's assets and liabilities, for example, are also reflected in the revenues and expenses on on Seanergy Maritime's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
| Last Reported | Projected for Next Year |
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
Moving against Seanergy Stock
| 0.84 | HTCO | Caravelle International Symbol Change | PairCorr |
| 0.67 | SB-PD | Safe Bulkers | PairCorr |
| 0.62 | SB-PC | Safe Bulkers | PairCorr |
| 0.58 | ICON | Icon Energy Corp | PairCorr |
| 0.4 | CMRE-PB | Costamare | PairCorr |
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.