EuroDry Book Value Per Share from 2010 to 2024
EDRY Stock | USD 20.73 0.22 1.07% |
Book Value Per Share | First Reported 2010-12-31 | Previous Quarter 39.68783741 | Current Value 21.44 | Quarterly Volatility 9.51294034 |
Check EuroDry financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among EuroDry main balance sheet or income statement drivers, such as Interest Income of 817.2 K, Depreciation And Amortization of 7.4 M or Interest Expense of 3.4 M, as well as many exotic indicators such as Price To Sales Ratio of 1.05, Dividend Yield of 0.0246 or PTB Ratio of 0.47. EuroDry financial statements analysis is a perfect complement when working with EuroDry Valuation or Volatility modules.
EuroDry | Book Value Per Share |
Latest EuroDry's Book Value Per Share Growth Pattern
Below is the plot of the Book Value Per Share of EuroDry over the last few years. It is the ratio of equity available to common shareholders divided by the number of outstanding shares. This measure represents the value per share of a company according to its financial statements. EuroDry's Book Value Per Share historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in EuroDry's overall financial position and show how it may be relating to other accounts over time.
View | Last Reported 38.72 X | 10 Years Trend |
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Book Value Per Share |
Timeline |
EuroDry Book Value Per Share Regression Statistics
Arithmetic Mean | 21.24 | |
Geometric Mean | 19.54 | |
Coefficient Of Variation | 44.79 | |
Mean Deviation | 7.80 | |
Median | 14.85 | |
Standard Deviation | 9.51 | |
Sample Variance | 90.50 | |
Range | 25.8966 | |
R-Value | 0.79 | |
Mean Square Error | 36.84 | |
R-Squared | 0.62 | |
Significance | 0.0005 | |
Slope | 1.68 | |
Total Sum of Squares | 1,267 |
EuroDry Book Value Per Share History
Other Fundumenentals of EuroDry
EuroDry Book Value Per Share component correlations
Click cells to compare fundamentals
About EuroDry Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include EuroDry income statement, its balance sheet, and the statement of cash flows. EuroDry investors use historical funamental indicators, such as EuroDry's Book Value Per Share, to determine how well the company is positioned to perform in the future. Although EuroDry investors may use each financial statement separately, they are all related. The changes in EuroDry's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on EuroDry's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on EuroDry Financial Statements. Understanding these patterns can help to make the right decision on long term investment in EuroDry. Please read more on our technical analysis and fundamental analysis pages.
Last Reported | Projected for Next Year | ||
Book Value Per Share | 39.69 | 21.44 | |
Tangible Book Value Per Share | 43.22 | 21.79 |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards EuroDry in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, EuroDry's short interest history, or implied volatility extrapolated from EuroDry options trading.
Pair Trading with EuroDry
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 EuroDry 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 EuroDry will appreciate offsetting losses from the drop in the long position's value.Moving against EuroDry Stock
0.66 | DAC | Danaos Financial Report 20th of May 2024 | PairCorr |
0.5 | MATX | Matson Inc Financial Report 2nd of May 2024 | PairCorr |
0.43 | GRIN | Grindrod Shipping | PairCorr |
The ability to find closely correlated positions to EuroDry could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace EuroDry 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 EuroDry - 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 EuroDry to buy it.
The correlation of EuroDry 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 EuroDry moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if EuroDry 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 EuroDry 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 EuroDry Correlation against competitors. For more information on how to buy EuroDry Stock please use our How to Invest in EuroDry guide.You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
Complementary Tools for EuroDry Stock analysis
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.
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Is EuroDry'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 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 (1.05) | Revenue Per Share 17.224 | Quarterly Revenue Growth 0.052 | Return On Assets 0.0032 |
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.