Eurodry Return on Invested Capital Trend from 2010 to 2021

EDRY -  USA Stock  

USD 22.35  0.41  1.80%

Eurodry Return on Invested Capital yearly trend continues to be fairly stable with very little volatility. Return on Invested Capital will likely drop to -0.03 in 2021. During the period from 2010 to 2021, Eurodry Return on Invested Capital regression line of anual values had r-squared of 0.40 and arithmetic mean of  0.015197. Eurodry Gross Profit is fairly stable at the moment as compared to the past year. Eurodry reported Gross Profit of 8.13 Million in 2020. Interest Expense is likely to rise to about 2.6 M in 2021, whereas Consolidated Income is likely to drop (6.3 M) in 2021.

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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 13.5 M, Gross Profit of 9.9 M or Interest Expense of 2.6 M, as well as many exotic indicators such as Asset Turnover of 0.19, Book Value per Share of 15.34 or Current Ratio of 0.32. 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 Invested Capital Breakdown

Showing smoothed Return on Invested Capital of Eurodry with missing and latest data points interpolated. Return on Invested Capital is ratio estimated by dividing Earning Before Interest and Taxes EBIT by [InvCapAvg]. [InvCap] is calculated as: Total Debt plus Total Assets minus [Intangibles] minus Cash and Equivalents minus Current Liabilities. Please note this calculation method is subject to change.Eurodry's Return on Invested Capital 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.
Return on Invested Capital10 Years Trend
Decreasing
Slightly volatile
 Return on Invested Capital 
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      Timeline 

Eurodry Return on Invested Capital Regression Statistics

Arithmetic Mean 0.015197
Geometric Mean 0.023597
Coefficient Of Variation 124.78
Mean Deviation 0.013504
Median 0.023
Standard Deviation 0.018963
Sample Variance 0.00035959
Range 0.05
R-Value(0.63)
Mean Square Error 0.00023645
R-Squared 0.40
Significance 0.02677
Slope(0.003335)
Total Sum of Squares 0.003955

Eurodry Return on Invested Capital History

2018  0.027 
2019  0.022 
2020 (0.025) 
2021 (0.0256) 

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 Invested Capital, 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 2021
Return on Invested Capital(0.025) (0.0256) 
Invested Capital134.8 M151.5 M
Invested Capital Average144.3 M158.8 M
Market Capitalization12.6 M13.6 M
Working Capital-13.2 M-13.6 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.

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 Genco Shipping Trading. 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 CEO Directory module to screen CEOs from public companies around the world.

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When running Eurodry 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 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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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 underlying business (such as 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.