Performance Shipping Stock Beta
| PSHG Stock | USD 1.80 0.02 1.12% |
Performance Shipping fundamentals help investors to digest information that contributes to Performance Shipping's financial success or failures. It also enables traders to predict the movement of Performance Stock. The fundamental analysis module provides a way to measure Performance Shipping's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Performance Shipping stock.
Performance | Beta |
Performance Shipping Company Beta Analysis
Performance Shipping's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current Performance Shipping Beta | 0.2 |
Most of Performance Shipping's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Performance Shipping is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Performance Beta Driver Correlations
Understanding the fundamental principles of building solid financial models for Performance Shipping is extremely important. It helps to project a fair market value of Performance Stock properly, considering its historical fundamentals such as Beta. Since Performance Shipping's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Performance Shipping's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Performance Shipping's interrelated accounts and indicators.
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In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
| Competition |
In accordance with the recently published financial statements, Performance Shipping has a Beta of 0.196. This is 85.69% lower than that of the Marine Transportation sector and significantly higher than that of the Industrials industry. The beta for all United States stocks is notably lower than that of the firm.
Performance Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Performance Shipping's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Performance Shipping could also be used in its relative valuation, which is a method of valuing Performance Shipping by comparing valuation metrics of similar companies.Performance Shipping is currently under evaluation in beta category among its peers.
Performance Shipping Current Valuation Drivers
We derive many important indicators used in calculating different scores of Performance Shipping from analyzing Performance Shipping's financial statements. These drivers represent accounts that assess Performance Shipping's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Performance Shipping's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 2.4M | 22.3M | 18.6M | 6.5M | 23.8M | 25.0M | |
| Enterprise Value | 8.3M | 58.6M | 59.0M | 95.7M | 11.5M | 11.0M |
Performance Shipping Institutional Holders
Institutional Holdings refers to the ownership stake in Performance Shipping that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Performance Shipping's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Performance Shipping's value.| Shares | Renaissance Technologies Corp | 2024-09-30 | 101.7 K | Citadel Advisors Llc | 2024-09-30 | 61 K | Cable Car Capital Llc | 2024-09-30 | 53 K | Ubs Group Ag | 2024-06-30 | 27.2 K | Lpl Financial Corp | 2024-09-30 | 11 K | Morgan Stanley - Brokerage Accounts | 2024-06-30 | 10 K | Weiss Asset Management Lp | 2024-06-30 | 0.0 | Acadian Asset Management Llc | 2024-06-30 | 0.0 | Hightower Advisors, Llc | 2024-06-30 | 0.0 | Privium Fund Management (uk) Ltd | 2024-09-30 | 0.0 |
As returns on the market increase, Performance Shipping's returns are expected to increase less than the market. However, during the bear market, the loss of holding Performance Shipping is expected to be smaller as well.
Performance Fundamentals
| Return On Equity | 0.2 | ||||
| Return On Asset | 0.0833 | ||||
| Profit Margin | 0.52 % | ||||
| Operating Margin | 0.52 % | ||||
| Current Valuation | 1.92 M | ||||
| Shares Outstanding | 12.43 M | ||||
| Shares Owned By Insiders | 8.32 % | ||||
| Shares Owned By Institutions | 5.52 % | ||||
| Number Of Shares Shorted | 862.68 K | ||||
| Price To Book | 0.08 X | ||||
| Price To Sales | 0.25 X | ||||
| Revenue | 108.94 M | ||||
| Gross Profit | 46.48 M | ||||
| EBITDA | 93.8 M | ||||
| Net Income | 69.41 M | ||||
| Cash And Equivalents | 13.27 M | ||||
| Cash Per Share | 1.28 X | ||||
| Total Debt | 54.98 M | ||||
| Debt To Equity | 0.52 % | ||||
| Current Ratio | 1.62 X | ||||
| Book Value Per Share | 21.40 X | ||||
| Cash Flow From Operations | 67.95 M | ||||
| Short Ratio | 13.30 X | ||||
| Earnings Per Share | 1.54 X | ||||
| Price To Earnings To Growth | (0.34) X | ||||
| Target Price | 5.75 | ||||
| Number Of Employees | 209 | ||||
| Beta | 0.2 | ||||
| Market Capitalization | 22.32 M | ||||
| Total Asset | 296.27 M | ||||
| Retained Earnings | (301.12 M) | ||||
| Working Capital | 64.57 M | ||||
| Net Asset | 296.27 M |
About Performance Shipping Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Performance Shipping's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Performance Shipping using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Performance Shipping based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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When determining whether Performance Shipping is a strong investment it is important to analyze Performance Shipping's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Performance Shipping's future performance. For an informed investment choice regarding Performance Stock, refer to the following important reports:Check out Performance Shipping Piotroski F Score and Performance Shipping Altman Z Score analysis. For more detail on how to invest in Performance Stock please use our How to Invest in Performance Shipping guide.You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
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 Performance Shipping. If investors know Performance 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 Performance Shipping 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 0.179 | Earnings Share 1.54 | Revenue Per Share 7.294 | Quarterly Revenue Growth (0.05) | Return On Assets 0.0833 |
The market value of Performance Shipping is measured differently than its book value, which is the value of Performance that is recorded on the company's balance sheet. Investors also form their own opinion of Performance Shipping's value that differs from its market value or its book value, called intrinsic value, which is Performance Shipping'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 Performance Shipping's market value can be influenced by many factors that don't directly affect Performance Shipping'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 Performance Shipping's value and its price as these two are different measures arrived at by different means. Investors typically determine if Performance Shipping is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Performance Shipping'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.