Okeanis Capex To Revenue from 2010 to 2024
| ECO Stock | 22.90 0.40 1.72% |
Capex To Revenue | First Reported 2010-12-31 | Previous Quarter 0.0080031 | Current Value 0.007603 | Quarterly Volatility 3.0311672 |
Check Okeanis Eco financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Okeanis Eco's main balance sheet or income statement drivers, such as Depreciation And Amortization of 34.9 M, Interest Expense of 37.2 M or Total Revenue of 237 M, as well as many indicators such as Price To Sales Ratio of 2.48, Dividend Yield of 0.0738 or PTB Ratio of 2.28. Okeanis financial statements analysis is a perfect complement when working with Okeanis Eco Valuation or Volatility modules.
Okeanis | Capex To Revenue |
Latest Okeanis Eco's Capex To Revenue Growth Pattern
Below is the plot of the Capex To Revenue of Okeanis Eco Tankers over the last few years. It is the ratio of a company's capital expenditures to its total revenue, indicating how much of the revenue is used for acquiring or maintaining physical assets. Okeanis Eco's Capex To Revenue historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Okeanis Eco's overall financial position and show how it may be relating to other accounts over time.
| Capex To Revenue | 10 Years Trend |
|
Capex To Revenue |
| Timeline |
Okeanis Capex To Revenue Regression Statistics
| Arithmetic Mean | 4.27 | |
| Geometric Mean | 1.44 | |
| Coefficient Of Variation | 70.94 | |
| Mean Deviation | 2.77 | |
| Median | 6.58 | |
| Standard Deviation | 3.03 | |
| Sample Variance | 9.19 | |
| Range | 6.5719 | |
| R-Value | (0.87) | |
| Mean Square Error | 2.42 | |
| R-Squared | 0.76 | |
| Significance | 0.000026 | |
| Slope | (0.59) | |
| Total Sum of Squares | 128.63 |
Okeanis Capex To Revenue History
About Okeanis Eco Financial Statements
Okeanis Eco investors utilize fundamental indicators, such as Capex To Revenue, to predict how Okeanis Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| Capex To Revenue | 0.01 | 0.01 |
Pair Trading with Okeanis Eco
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 Okeanis Eco 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 Okeanis Eco will appreciate offsetting losses from the drop in the long position's value.Moving together with Okeanis Stock
Moving against Okeanis Stock
| 0.63 | HTCO | Caravelle International Symbol Change | PairCorr |
| 0.51 | SB-PC | Safe Bulkers | PairCorr |
| 0.51 | SB-PD | Safe Bulkers | PairCorr |
| 0.36 | CMRE-PB | Costamare | PairCorr |
| 0.32 | ZIM | ZIM Integrated Shipping Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Okeanis Eco could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Okeanis Eco 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 Okeanis Eco - 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 Okeanis Eco Tankers to buy it.
The correlation of Okeanis Eco 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 Okeanis Eco moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Okeanis Eco Tankers 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 Okeanis Eco 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.Check out the analysis of Okeanis Eco Correlation against competitors. You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
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 Okeanis Eco. If investors know Okeanis 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 Okeanis Eco 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 (0.25) | Earnings Share 3.78 | Revenue Per Share 12.544 | Quarterly Revenue Growth (0.07) | Return On Assets 0.0962 |
The market value of Okeanis Eco Tankers is measured differently than its book value, which is the value of Okeanis that is recorded on the company's balance sheet. Investors also form their own opinion of Okeanis Eco's value that differs from its market value or its book value, called intrinsic value, which is Okeanis Eco'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 Okeanis Eco's market value can be influenced by many factors that don't directly affect Okeanis Eco'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 Okeanis Eco's value and its price as these two are different measures arrived at by different means. Investors typically determine if Okeanis Eco is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Okeanis Eco'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.