Marinemax Correlations

HZO
 Stock
  

USD 36.12  1.05  2.82%   

The correlation of Marinemax is a statistical measure of how it moves in relation to other equities. 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.
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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

0.61AANAarons HoldingsPairCorr

Related Correlations

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Correlation Matchups

The Correlation Coefficient is a useful tool to identify correlated or non-correlated securities, which is essential in developing a diversified portfolio. It tells us the relationship between two positions you have in your portfolio or considering acquiring. Over a given time period, the two securities movetogether 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   
AADIS
CSCODIS
DDDIS
CSCOWMT
AADD
AACSCO
  

Marinemax Competition Risk-Adjusted Indicators

Nowadays, there is a big difference between Marinemax stock performing well and Marinemax company doing well compared to the competition. There are way too many exceptions to the normal that investors can tell for sure what's good or bad unless they analyze Marinemax's multiple risk-adjusted performance indicators. 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
Information
Ratio
Expected
Shortfall
Potential
Upside
Value
At Risk
Maximum
Drawdown
HZO 2.54  0.03  0.00 (0.17)  0.00 (0.0048)  0.00  5.05 (5.05)  16.50 
WMT 1.36 (0.15)  0.00 (0.47)  0.00 (0.0309)  0.00  2.43 (2.47)  13.98 
CAT 1.74 (0.10)  0.00 (0.29)  0.00 (0.0488)  0.00  3.20 (4.35)  10.92 
DIS 1.72 (0.35)  0.00 (0.49)  0.00 (0.18)  0.00  3.29 (3.78)  8.79 
KO 1.03  0.04  0.13  7.20  1.75  0.16 (0.97)  1.87 (2.01)  10.05 
CSCO 1.57 (0.16)  0.00 (0.35)  0.00 (0.07)  0.00  2.73 (3.26)  17.06 
MCD 1.08  0.18  0.17  0.04  1.29  0.16 (1.19)  2.22 (1.98)  7.82 
MMM 1.14 (0.05)  0.00 (0.26)  0.00 (0.0055)  0.00  2.17 (2.52)  8.68 
DD 1.59 (0.22)  0.00 (0.37)  0.00 (0.13)  0.00  3.00 (3.87)  9.53 
AA 3.27 (0.62)  0.00 (0.52)  0.00 (0.19)  0.00  5.10 (6.70)  21.93 

Be your own money manager

Our tools can tell you how much better you can do entering a position in Marinemax without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

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Competition Analyzer

Analyze and compare many basic indicators for a group of related or unrelated entities
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Marinemax Corporate Directors

Marinemax corporate directors refer to members of a Marinemax board of directors. The board of directors generally takes responsibility for the Marinemax's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Marinemax's board members must vote for the resolution. The Marinemax board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Dean Woodman - Director EmeritusProfile
Adam Johnson - Independent DirectorProfile
Evelyn Follit - Independent DirectorProfile
Charles Oglesby - Independent DirectorProfile

Investing Marinemax

You need to understand the risk of investing before taking a position in Marinemax. The danger of trading Marinemax is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Marinemax is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Marinemax. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Marinemax is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Please check Risk vs Return Analysis. Note that the Marinemax information on this page should be used as a complementary analysis to other Marinemax's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.

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When running Marinemax price analysis, check to measure Marinemax'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 Marinemax is operating at the current time. Most of Marinemax's value examination focuses on studying past and present price action to predict the probability of Marinemax's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Marinemax's price. Additionally, you may evaluate how the addition of Marinemax to your portfolios can decrease your overall portfolio volatility.
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Is Marinemax's industry 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 YOY
0.4
Market Capitalization
777.7 M
Quarterly Revenue Growth YOY
0.17
Return On Assets
0.14
Return On Equity
0.3
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 Marinemax value 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.