United Maritime Stock Market Value
| USEA Stock | USD 1.98 0.05 2.46% |
| Symbol | United |
United Maritime Price To Book Ratio
Is Marine 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 United Maritime. If investors know United 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 United Maritime 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 9.111 | Earnings Share (0.26) | Revenue Per Share 5.318 | Quarterly Revenue Growth 0.243 | Return On Assets (0.02) |
The market value of United Maritime is measured differently than its book value, which is the value of United that is recorded on the company's balance sheet. Investors also form their own opinion of United Maritime's value that differs from its market value or its book value, called intrinsic value, which is United Maritime's 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 United Maritime's market value can be influenced by many factors that don't directly affect United Maritime's 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 United Maritime's value and its price as these two are different measures arrived at by different means. Investors typically determine if United Maritime is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, United Maritime's 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.
United Maritime '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 United Maritime's 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 United Maritime.
| 11/03/2024 |
| 12/03/2024 |
If you would invest 0.00 in United Maritime on November 3, 2024 and sell it all today you would earn a total of 0.00 from holding United Maritime or generate 0.0% return on investment in United Maritime over 30 days. United Maritime is related to or competes with TOP Ships, Globus Maritime, Castor Maritime, Safe Bulkers, Seanergy Maritime, Performance Shipping, and EuroDry. United Maritime Corporation, a shipping company, provides seaborne transportation services worldwide More
United Maritime 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 United Maritime's 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 United Maritime upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.23) | |||
| Maximum Drawdown | 10.21 | |||
| Value At Risk | (3.77) | |||
| Potential Upside | 2.53 |
United Maritime Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for United Maritime's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as United Maritime's standard deviation. In reality, there are many statistical measures that can use United Maritime historical prices to predict the future United Maritime's volatility.| Risk Adjusted Performance | (0.12) | |||
| Jensen Alpha | (0.34) | |||
| Total Risk Alpha | (0.62) | |||
| Treynor Ratio | (11.15) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of United Maritime's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
United Maritime Backtested Returns
United Maritime owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.17, which indicates the firm had a -0.17% return per unit of risk over the last 3 months. United Maritime exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate United Maritime's Risk Adjusted Performance of (0.12), coefficient of variation of (596.51), and Variance of 3.69 to confirm the risk estimate we provide. The entity has a beta of 0.0298, which indicates not very significant fluctuations relative to the market. As returns on the market increase, United Maritime's returns are expected to increase less than the market. However, during the bear market, the loss of holding United Maritime is expected to be smaller as well. At this point, United Maritime has a negative expected return of -0.33%. Please make sure to validate United Maritime's maximum drawdown, daily balance of power, period momentum indicator, as well as the relationship between the skewness and day typical price , to decide if United Maritime performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.81 |
Very good predictability
United Maritime has very good predictability. Overlapping area represents the amount of predictability between United Maritime time series from 3rd of November 2024 to 18th of November 2024 and 18th of November 2024 to 3rd of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of United Maritime price movement. The serial correlation of 0.81 indicates that around 81.0% of current United Maritime price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.81 | |
| Spearman Rank Test | 0.77 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
United Maritime lagged returns against current returns
Autocorrelation, which is United Maritime 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 United Maritime's stock expected returns. We can calculate the autocorrelation of United Maritime returns to help us make a trade decision. For example, suppose you find that United Maritime 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 |
United Maritime 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 United Maritime stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if United Maritime stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in United Maritime stock over time.
Current vs Lagged Prices |
| Timeline |
United Maritime Lagged Returns
When evaluating United Maritime's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of United Maritime stock have on its future price. United Maritime 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, United Maritime autocorrelation shows the relationship between United Maritime stock current value and its past values and can show if there is a momentum factor associated with investing in United Maritime.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether United Maritime offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of United Maritime's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of United Maritime Stock. Outlined below are crucial reports that will aid in making a well-informed decision on United Maritime Stock:Check out United Maritime Correlation, United Maritime Volatility and United Maritime Alpha and Beta module to complement your research on United Maritime. For information on how to trade United Stock refer to our How to Trade United Stock guide.You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.
United Maritime 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.