Eurodry Stock Market Value
| EDRY Stock | USD 15.76 0.44 2.72% |
| Symbol | EuroDry |
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 EuroDry. If investors know EuroDry 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 EuroDry 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 (0.94) | Earnings Share (0.88) | Revenue Per Share 21.137 | Quarterly Revenue Growth 0.686 | Return On Assets 0.0152 |
The market value of EuroDry is measured differently than its book value, which is the value of EuroDry that is recorded on the company's balance sheet. Investors also form their own opinion of EuroDry's value that differs from its market value or its book value, called intrinsic value, which is EuroDry'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 EuroDry's market value can be influenced by many factors that don't directly affect EuroDry'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 EuroDry's value and its price as these two are different measures arrived at by different means. Investors typically determine if EuroDry is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, EuroDry'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.
EuroDry '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 EuroDry'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 EuroDry.
| 10/12/2024 |
| 11/11/2024 |
If you would invest 0.00 in EuroDry on October 12, 2024 and sell it all today you would earn a total of 0.00 from holding EuroDry or generate 0.0% return on investment in EuroDry over 30 days. EuroDry is related to or competes with Golden Ocean, Star Bulk, Seanergy Maritime, Globus Maritime, United Maritime, TOP Ships, and Euroseas. EuroDry Ltd., through its subsidiaries, provides ocean-going transportation services worldwide More
EuroDry 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 EuroDry'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 EuroDry upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.37) | |||
| Maximum Drawdown | 8.9 | |||
| Value At Risk | (2.72) | |||
| Potential Upside | 1.89 |
EuroDry Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for EuroDry's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as EuroDry's standard deviation. In reality, there are many statistical measures that can use EuroDry historical prices to predict the future EuroDry's volatility.| Risk Adjusted Performance | (0.20) | |||
| Jensen Alpha | (0.48) | |||
| Total Risk Alpha | (0.78) | |||
| Treynor Ratio | (1.98) |
EuroDry Backtested Returns
EuroDry secures Sharpe Ratio (or Efficiency) of -0.25, which denotes the company had a -0.25% return per unit of risk over the last 3 months. EuroDry exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm EuroDry's Standard Deviation of 1.62, mean deviation of 1.18, and Variance of 2.64 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.22, which means not very significant fluctuations relative to the market. As returns on the market increase, EuroDry's returns are expected to increase less than the market. However, during the bear market, the loss of holding EuroDry is expected to be smaller as well. At this point, EuroDry has a negative expected return of -0.41%. Please make sure to confirm EuroDry's total risk alpha, kurtosis, as well as the relationship between the Kurtosis and market facilitation index , to decide if EuroDry performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.75 |
Good predictability
EuroDry has good predictability. Overlapping area represents the amount of predictability between EuroDry time series from 12th of October 2024 to 27th of October 2024 and 27th of October 2024 to 11th of November 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 EuroDry price movement. The serial correlation of 0.75 indicates that around 75.0% of current EuroDry price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.75 | |
| Spearman Rank Test | 0.84 | |
| Residual Average | 0.0 | |
| Price Variance | 0.84 |
EuroDry lagged returns against current returns
Autocorrelation, which is EuroDry 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 EuroDry's stock expected returns. We can calculate the autocorrelation of EuroDry returns to help us make a trade decision. For example, suppose you find that EuroDry 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 |
EuroDry 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 EuroDry stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if EuroDry stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in EuroDry stock over time.
Current vs Lagged Prices |
| Timeline |
EuroDry Lagged Returns
When evaluating EuroDry's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of EuroDry stock have on its future price. EuroDry 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, EuroDry autocorrelation shows the relationship between EuroDry stock current value and its past values and can show if there is a momentum factor associated with investing in EuroDry.
Regressed Prices |
| Timeline |
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When running EuroDry's price analysis, check to measure EuroDry'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 EuroDry is operating at the current time. Most of EuroDry's value examination focuses on studying past and present price action to predict the probability of EuroDry's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move EuroDry's price. Additionally, you may evaluate how the addition of EuroDry to your portfolios can decrease your overall portfolio volatility.