Marine Petroleum Trust Stock Price on September 22, 2024
If you're considering investing in Marine Stock, it is important to understand the factors that can impact its price. Marine Petroleum Trust has Sharpe Ratio of -0.0632, which conveys that the firm had a -0.0632% return per unit of risk over the last 3 months. Marine Petroleum exposes zero different technical indicators, which can help you to evaluate volatility embedded in its price movement.
Marine Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Marine |
Sharpe Ratio = 0.0
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Based on monthly moving average Marine Petroleum is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Marine Petroleum by adding Marine Petroleum to a well-diversified portfolio.
Marine Petroleum Valuation on September 22, 2024
It is possible to determine the worth of Marine Petroleum on a given historical date. On September 22, 2024 Marine was worth 3.87 at the beginning of the trading date compared to the closed value of 3.77. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Marine Petroleum stock. Still, in general, we apply an absolute valuation method to find Marine Petroleum's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Marine Petroleum where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Marine Petroleum's related companies.
| Open | High | Low | Close | Volume | |
| 3.90 | 3.94 | 3.84 | 3.91 | 3,226 | |
09/20/2024 | 3.87 | 3.90 | 3.77 | 3.77 | 2,073 |
| 3.88 | 3.90 | 3.85 | 3.87 | 2,195 |
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Marine Petroleum Trading Date Momentum on September 22, 2024
| On September 23 2024 Marine Petroleum Trust was traded for 3.87 at the closing time. The highest daily price throughout the period was 3.90 and the lowest price was 3.85 . The daily volume was 2.2 K. The net trading volume on 09/23/2024 added to the next day price appreciation. The trading delta at closing time to closing price of the next trading day was 2.65% . The trading delta at closing time to current closing price is 7.16% . |
Marine Petroleum Trust Fundamentals Correlations and Trends
By evaluating Marine Petroleum's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Marine Petroleum's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Marine financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Marine Petroleum Stock history
Marine Petroleum investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Marine is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Marine Petroleum Trust will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Marine Petroleum stock prices may prove useful in developing a viable investing in Marine Petroleum
Marine Petroleum Trust, together with its subsidiary, Marine Petroleum Corporation, operates as a royalty trust in the United States. The company was incorporated in 1956 and is based in Dallas, Texas. Marine Petroleum operates under Oil Gas Midstream classification in the United States and is traded on NASDAQ Exchange.
Marine Petroleum Stock Technical Analysis
Marine Petroleum technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Marine Petroleum Period Price Range
Low | December 30, 2024
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0.00 | 0.00 |
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Marine Petroleum December 30, 2024 Market Strength
Market strength indicators help investors to evaluate how Marine Petroleum stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Marine Petroleum shares will generate the highest return on investment. By undertsting and applying Marine Petroleum stock market strength indicators, traders can identify Marine Petroleum Trust entry and exit signals to maximize returns
Marine Petroleum Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Marine Petroleum's price direction in advance. Along with the technical and fundamental analysis of Marine Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Marine to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
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| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.18) | |||
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Additional Tools for Marine Stock Analysis
When running Marine Petroleum's price analysis, check to measure Marine Petroleum'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 Marine Petroleum is operating at the current time. Most of Marine Petroleum's value examination focuses on studying past and present price action to predict the probability of Marine Petroleum's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Marine Petroleum's price. Additionally, you may evaluate how the addition of Marine Petroleum to your portfolios can decrease your overall portfolio volatility.