MarineMax Correlations
| HZO Stock | USD 34.73 1.44 3.98% |
The correlation of MarineMax 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 MarineMax moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if MarineMax 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.
Modest diversification
The correlation between MarineMax and NYA is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding MarineMax and NYA in the same portfolio, assuming nothing else is changed.
MarineMax |
The ability to find closely correlated positions to MarineMax could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace MarineMax 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 MarineMax - 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 MarineMax to buy it.
Moving together with MarineMax Stock
| 0.71 | FL | Foot Locker | PairCorr |
| 0.67 | HD | Home Depot | PairCorr |
| 0.68 | LL | LL Flooring Holdings | PairCorr |
| 0.63 | VIPS | Vipshop Holdings | PairCorr |
| 0.65 | DXLG | Destination XL Group | PairCorr |
Moving against MarineMax Stock
| 0.62 | LE | Lands End Earnings Call Today | PairCorr |
| 0.53 | JD | JD Inc Adr | PairCorr |
| 0.41 | YJ | Yunji Inc Earnings Call This Week | PairCorr |
| 0.45 | BBW | Build A Bear | PairCorr |
| 0.42 | AKA | AKA Brands Holding | PairCorr |
Related Correlations Analysis
| 0.76 | 0.23 | 0.38 | -0.62 | TGT | ||
| 0.76 | 0.48 | 0.42 | -0.55 | LOW | ||
| 0.23 | 0.48 | 0.15 | -0.06 | KSS | ||
| 0.38 | 0.42 | 0.15 | 0.18 | GPS | ||
| -0.62 | -0.55 | -0.06 | 0.18 | WMT | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between MarineMax Stock performing well and MarineMax Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze MarineMax's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| TGT | 1.36 | (0.03) | 0.00 | (0.03) | 0.00 | 2.94 | 20.05 | |||
| LOW | 0.97 | (0.19) | 0.00 | (0.13) | 0.00 | 1.87 | 6.55 | |||
| KSS | 2.77 | (0.22) | 0.00 | (0.12) | 0.00 | 6.52 | 31.18 | |||
| GPS | 2.95 | 0.59 | 0.21 | 0.22 | 2.54 | 6.26 | 28.36 | |||
| WMT | 0.71 | 0.19 | 0.26 | 0.94 | 0.40 | 1.39 | 7.71 |
MarineMax Corporate Directors
| Dean Woodman | Director Emeritus | Profile | |
| Adam Johnson | Independent Director | Profile | |
| Evelyn Follit | Independent Director | Profile | |
| Charles Oglesby | Independent Director | Profile |
Additional Information and Resources on Investing in MarineMax Stock
When determining whether MarineMax offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of MarineMax'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 Marinemax Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Marinemax Stock:Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in MarineMax. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. To learn how to invest in MarineMax Stock, please use our How to Invest in MarineMax guide.You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
Is Other Specialty Retail 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 MarineMax. If investors know MarineMax 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 MarineMax 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 (0.95) | Earnings Share 2.75 | Revenue Per Share 109.93 | Quarterly Revenue Growth 0.022 | Return On Assets 0.0383 |
The market value of MarineMax is measured differently than its book value, which is the value of MarineMax that is recorded on the company's balance sheet. Investors also form their own opinion of MarineMax's value that differs from its market value or its book value, called intrinsic value, which is MarineMax'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 MarineMax's market value can be influenced by many factors that don't directly affect MarineMax'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 MarineMax's value and its price as these two are different measures arrived at by different means. Investors typically determine if MarineMax is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MarineMax'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.