Eurodry Return on Average Equity Trend from 2010 to 2022

EDRY -  USA Stock  

USD 20.11  1.42  7.60%

Eurodry Return on Average Equity yearly trend continues to be fairly stable with very little volatility. Return on Average Equity will likely drop to -0.19 in 2022. During the period from 2010 to 2022, Eurodry Return on Average Equity regression line of anual values had r-squared of 0.63 and arithmetic mean of (0.031287). Eurodry Gross Profit is fairly stable at the moment as compared to the past year. Eurodry reported Gross Profit of 9.34 Million in 2021. Interest Expense is likely to rise to about 2.8 M in 2022, whereas Consolidated Income is likely to drop (6.9 M) in 2022.

Eurodry Historical Trends 

 
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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 Cost of Revenue of 14.7 M, Gross Profit of 10.5 M or Interest Expense of 2.8 M, as well as many exotic indicators such as Asset Turnover of 0.18, Book Value per Share of 14.54 or Current Ratio of 0.29. Eurodry financial statements analysis is a perfect complement when working with Eurodry Valuation or Volatility modules. It can also supplement various Eurodry Technical models. Continue to the analysis of Eurodry Correlation against competitors.

Eurodry Return on Average Equity Breakdown

Showing smoothed Return on Average Equity of Eurodry with missing and latest data points interpolated. Return on equity measures a corporation's profitability by calculating the amount of Net Income Common Stock returned as a percentage of [EquityAvg].Eurodry's Return on Average Equity 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.
ViewLast Reported 23.42 %10 Years Trend
Decreasing
Slightly volatile
 Return on Average Equity 
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      Timeline 

Eurodry Return on Average Equity Regression Statistics

Arithmetic Mean(0.031287)
Geometric Mean 0.042537
Coefficient Of Variation(309.22)
Mean Deviation 0.08
Median 0.027
Standard Deviation 0.1
Sample Variance 0.00936
Range 0.23
R-Value(0.80)
Mean Square Error 0.003757
R-Squared 0.63
Significance 0.001162
Slope(0.01975)
Total Sum of Squares 0.11

Eurodry Return on Average Equity History

2018  0.015 
2019 (0.046) 
2020 (0.21) 
2021 (0.19) 

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 Return on Average Equity, 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 ReportedProjected for 2022
Return on Average Equity(0.19) (0.19) 
Average Assets125.8 M129.2 M
Average Equity41.4 M43.3 M
Invested Capital Average166 M169.6 M
EuroDry Ltd., through its subsidiaries, provides ocean-going transportation services worldwide. EuroDry Ltd. was incorporated in 2018 and is based in Marousi, Greece. Eurodry operates under Marine Shipping classification in the United States and is traded on NASDAQ Exchange.

Eurodry Investors Sentiment

The influence of Eurodry's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Eurodry. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.
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.

Current Sentiment - EDRY

Eurodry Investor Sentiment

Macroaxis portfolio users are insensible in their opinion about investing in Eurodry. What is your opinion about investing in Eurodry? Are you bullish or bearish?
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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.

Eurodry Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for Eurodry and International Seaways. Pair trading can be used as a hedging technique within a particular sector or industry or even over random equities to generate better risk-adjusted return
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Continue to the analysis of Eurodry Correlation against competitors. Note that the Eurodry information on this page should be used as a complementary analysis to other Eurodry'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 Probability Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.

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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.
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 Eurodry value 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.