Seanergy Current Deferred Revenue vs Cash And Short Term Investments Analysis

SHIP Stock

USD 7.57 0.08 1.07%

Seanergy Maritime financial indicator trend analysis is much more than just breaking down Seanergy Maritime prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Seanergy Maritime is a good investment. Please check the relationship between Seanergy Maritime Current Deferred Revenue and its Cash And Short Term Investments accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Seanergy Maritime Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Current Deferred Revenue vs Cash And Short Term Investments

Current Deferred Revenue vs Cash And Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Seanergy Maritime Current Deferred Revenue account and Cash And Short Term Investments. At this time, the significance of the direction appears to have strong relationship.

The correlation between Seanergy Maritime's Current Deferred Revenue and Cash And Short Term Investments is 0.74. Overlapping area represents the amount of variation of Current Deferred Revenue that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of Seanergy Maritime Holdings, assuming nothing else is changed. The correlation between historical values of Seanergy Maritime's Current Deferred Revenue and Cash And Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Current Deferred Revenue of Seanergy Maritime Holdings are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Current Deferred Revenue i.e., Seanergy Maritime's Current Deferred Revenue and Cash And Short Term Investments go up and down completely randomly.

Correlation Coefficient

0.74

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Current Deferred Revenue

Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of Seanergy Maritime balance sheet. This account contains Seanergy Maritime investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Seanergy Maritime Holdings fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.

Most indicators from Seanergy Maritime's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Seanergy Maritime current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Seanergy Maritime Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

At this time, Seanergy Maritime's Selling General Administrative is relatively stable compared to the past year. Tax Provision is expected to grow at the current pace this year, while Issuance Of Capital Stock is likely to drop 7,600.

	2021	2022	2023	2024 (projected)
Total Revenue	153.1M	125.0M	110.2M	79.3M
Depreciation And Amortization	19.9M	28.3M	24.7M	16.7M

Total Revenue Depreciation And Amortization

Seanergy Maritime fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Common Stock Total Equity	Common Stock Shares Outstanding	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Short Term Investments	Non Current Liabilities Total	Preferred Stock Total Equity	Property Plant And Equipment Net	Current Deferred Revenue
Total Assets		0.77	0.26	0.26	0.82	0.79	-0.33	0.39	0.83	1.0	0.61	0.78	0.83	0.71	0.7	0.48	0.79	0.82	0.61	-0.03	0.0	-0.42	0.84	-0.26	0.81	0.59
Short Long Term Debt Total	0.77		0.25	0.38	0.48	0.86	-0.47	0.25	0.53	0.75	0.42	0.54	0.53	0.38	0.39	0.45	0.61	0.83	0.66	0.1	0.01	-0.69	0.71	-0.18	0.36	0.31
Other Current Liab	0.26	0.25		0.28	0.38	0.14	0.17	-0.41	0.23	0.23	-0.17	0.26	0.23	0.29	0.34	0.29	0.13	0.04	0.37	-0.58	0.01	0.08	0.06	-0.15	0.32	0.19
Total Current Liabilities	0.26	0.38	0.28		0.05	0.43	-0.32	-0.11	0.26	0.19	-0.02	0.2	0.26	0.12	0.28	0.29	0.25	0.39	0.82	0.61	-0.15	-0.23	0.19	-0.05	0.06	0.19
Total Stockholder Equity	0.82	0.48	0.38	0.05		0.36	-0.15	0.15	0.83	0.83	0.46	0.91	0.83	0.9	0.91	0.44	0.68	0.41	0.4	-0.27	-0.12	-0.18	0.51	-0.55	0.81	0.64
Net Debt	0.79	0.86	0.14	0.43	0.36		-0.39	0.38	0.45	0.77	0.44	0.45	0.45	0.28	0.28	0.39	0.51	0.98	0.66	0.22	0.08	-0.52	0.89	-0.12	0.48	0.28
Retained Earnings	-0.33	-0.47	0.17	-0.32	-0.15	-0.39		-0.41	-0.3	-0.32	-0.37	-0.29	-0.3	-0.44	-0.26	-0.17	-0.72	-0.46	-0.29	-0.4	-0.11	0.91	-0.28	0.18	0.21	-0.11
Accounts Payable	0.39	0.25	-0.41	-0.11	0.15	0.38	-0.41		0.17	0.42	0.66	0.18	0.17	0.19	0.03	0.14	0.4	0.49	-0.06	0.18	0.52	-0.35	0.55	0.04	0.23	0.22
Cash	0.83	0.53	0.23	0.26	0.83	0.45	-0.3	0.17		0.82	0.59	0.71	1.0	0.76	0.78	0.47	0.76	0.52	0.63	0.01	-0.15	-0.3	0.62	-0.18	0.7	0.74
Non Current Assets Total	1.0	0.75	0.23	0.19	0.83	0.77	-0.32	0.42	0.82		0.63	0.78	0.82	0.72	0.69	0.48	0.79	0.8	0.55	-0.07	0.02	-0.41	0.84	-0.27	0.82	0.59
Non Currrent Assets Other	0.61	0.42	-0.17	-0.02	0.46	0.44	-0.37	0.66	0.59	0.63		0.5	0.59	0.52	0.34	0.4	0.58	0.53	0.17	0.07	0.49	-0.3	0.68	-0.03	0.47	0.54
Other Assets	0.78	0.54	0.26	0.2	0.91	0.45	-0.29	0.18	0.71	0.78	0.5		0.71	0.88	0.93	0.49	0.66	0.48	0.42	-0.02	-0.04	-0.26	0.51	-0.72	0.71	0.56
Cash And Short Term Investments	0.83	0.53	0.23	0.26	0.83	0.45	-0.3	0.17	1.0	0.82	0.59	0.71		0.76	0.78	0.47	0.76	0.52	0.63	0.01	-0.15	-0.3	0.62	-0.18	0.7	0.74
Common Stock Total Equity	0.71	0.38	0.29	0.12	0.9	0.28	-0.44	0.19	0.76	0.72	0.52	0.88	0.76		0.88	0.41	0.78	0.34	0.35	-0.13	-0.08	-0.33	0.4	-0.61	0.6	0.59
Common Stock Shares Outstanding	0.7	0.39	0.34	0.28	0.91	0.28	-0.26	0.03	0.78	0.69	0.34	0.93	0.78	0.88		0.5	0.67	0.32	0.45	-0.02	-0.17	-0.19	0.36	-0.63	0.66	0.63
Other Current Assets	0.48	0.45	0.29	0.29	0.44	0.39	-0.17	0.14	0.47	0.48	0.4	0.49	0.47	0.41	0.5		0.45	0.31	0.26	-0.01	-0.06	-0.13	0.41	0.03	0.44	0.87
Other Stockholder Equity	0.79	0.61	0.13	0.25	0.68	0.51	-0.72	0.4	0.76	0.79	0.58	0.66	0.76	0.78	0.67	0.45		0.57	0.43	0.06	0.01	-0.71	0.52	-0.17	0.42	0.54
Total Liab	0.82	0.83	0.04	0.39	0.41	0.98	-0.46	0.49	0.52	0.8	0.53	0.48	0.52	0.34	0.32	0.31	0.57		0.66	0.27	0.11	-0.56	0.92	-0.14	0.5	0.28
Total Current Assets	0.61	0.66	0.37	0.82	0.4	0.66	-0.29	-0.06	0.63	0.55	0.17	0.42	0.63	0.35	0.45	0.26	0.43	0.66		0.38	-0.25	-0.33	0.53	-0.16	0.38	0.31
Short Term Debt	-0.03	0.1	-0.58	0.61	-0.27	0.22	-0.4	0.18	0.01	-0.07	0.07	-0.02	0.01	-0.13	-0.02	-0.01	0.06	0.27	0.38		-0.18	-0.24	0.08	-0.01	-0.24	-0.03
Common Stock	0.0	0.01	0.01	-0.15	-0.12	0.08	-0.11	0.52	-0.15	0.02	0.49	-0.04	-0.15	-0.08	-0.17	-0.06	0.01	0.11	-0.25	-0.18		-0.07	0.2	0.1	-0.04	-0.15
Short Term Investments	-0.42	-0.69	0.08	-0.23	-0.18	-0.52	0.91	-0.35	-0.3	-0.41	-0.3	-0.26	-0.3	-0.33	-0.19	-0.13	-0.71	-0.56	-0.33	-0.24	-0.07		-0.36	0.11	0.18	-0.02
Non Current Liabilities Total	0.84	0.71	0.06	0.19	0.51	0.89	-0.28	0.55	0.62	0.84	0.68	0.51	0.62	0.4	0.36	0.41	0.52	0.92	0.53	0.08	0.2	-0.36		-0.11	0.67	0.47
Preferred Stock Total Equity	-0.26	-0.18	-0.15	-0.05	-0.55	-0.12	0.18	0.04	-0.18	-0.27	-0.03	-0.72	-0.18	-0.61	-0.63	0.03	-0.17	-0.14	-0.16	-0.01	0.1	0.11	-0.11		-0.27	0.01
Property Plant And Equipment Net	0.81	0.36	0.32	0.06	0.81	0.48	0.21	0.23	0.7	0.82	0.47	0.71	0.7	0.6	0.66	0.44	0.42	0.5	0.38	-0.24	-0.04	0.18	0.67	-0.27		0.63
Current Deferred Revenue	0.59	0.31	0.19	0.19	0.64	0.28	-0.11	0.22	0.74	0.59	0.54	0.56	0.74	0.59	0.63	0.87	0.54	0.28	0.31	-0.03	-0.15	-0.02	0.47	0.01	0.63

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Seanergy Maritime Account Relationship Matchups

Seanergy Maritime fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	282.6M	295.2M	486.9M	513.6M	477.9M	338.7M
Short Long Term Debt Total	197.8M	184.3M	222.7M	314.7M	233.0M	246.6M
Other Current Liab	(181.9M)	3.0M	5.2M	43.5M	8.2M	8.6M
Total Current Liabilities	24.2M	30.8M	88.0M	94.7M	69.5M	51.7M
Total Stockholder Equity	29.9M	95.7M	244.5M	221.7M	228.4M	239.9M
Net Debt	183.1M	160.6M	175.6M	282.2M	213.5M	198.1M
Retained Earnings	(376.2M)	(394.6M)	(353.2M)	(362.0M)	(361.7M)	(379.8M)
Accounts Payable	16.1M	3.7M	5.8M	7.8M	5.5M	5.3M
Cash	14.6M	23.7M	47.1M	32.5M	19.4M	21.1M
Non Current Assets Total	268.0M	271.6M	439.8M	481.1M	452.8M	313.1M
Non Currrent Assets Other	14.2M	13.9M	10.8M	13.9M	6.4M	7.7M
Other Assets	6.0M	6.7M	13.7M	18.7M	21.5M	22.6M
Cash And Short Term Investments	14.6M	23.7M	47.1M	32.5M	19.4M	21.1M
Common Stock Shares Outstanding	95.8K	3.3M	19.1M	17.7M	18.4M	19.4M
Liabilities And Stockholders Equity	282.6M	295.2M	486.9M	513.6M	477.9M	338.7M
Other Current Assets	1.3M	2.5M	2.7M	30.4M	2.9M	2.7M
Other Stockholder Equity	406.1M	490.3M	597.7M	583.7M	590.1M	374.3M
Total Liab	252.7M	199.6M	242.4M	291.9M	249.4M	240.6M
Total Current Assets	14.6M	23.7M	47.1M	32.5M	25.1M	31.3M
Short Term Debt	185.8M	19.6M	69.4M	46.0M	53.7M	63.9M
Non Current Liabilities Total	228.5M	199.6M	242.4M	291.9M	179.9M	228.5M
Property Plant And Equipment Net	253.8M	256.7M	426.1M	462.4M	440.9M	320.9M
Current Deferred Revenue	4.3M	4.5M	7.7M	14.9M	2.1M	3.4M
Long Term Debt	12.0M	184.3M	222.7M	255.7M	179.0M	168.0M
Inventory	3.9M	4.7M	1.4M	2.0M	1.6M	2.6M
Property Plant And Equipment Gross	254.6M	258.0M	426.1M	462.4M	542.3M	345.5M
Property Plant Equipment	254.6M	258.0M	426.1M	462.4M	416.1M	238.3M
Net Receivables	1.8M	801K	(1.9M)	1.5M	1.2M	1.1M
Net Tangible Assets	29.9M	95.7M	244.5M	221.7M	255.0M	267.7M
Short Long Term Debt	185.7M	19.4M	69.2M	58.9M	31.8M	43.7M
Deferred Long Term Liab	2.3M	4.7M	4.4M	8.6M	9.9M	10.4M

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

0.67	OP	Oceanpal	Pair Corr
0.95	SB	Safe Bulkers	Pair Corr

Moving against Seanergy Stock

0.83	HTCO	Caravelle International Symbol Change	Pair Corr
0.66	SB-PD	Safe Bulkers	Pair Corr
0.61	SB-PC	Safe Bulkers	Pair Corr
0.57	ICON	Icon Energy Corp	Pair Corr
0.41	CMRE-PB	Costamare	Pair Corr

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.

Pair Correlation Correlation Matching

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.

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