EuroDry Stock Forecast - Price Action Indicator
| EDRY Stock | USD 20.10 0.20 1.01% |
EuroDry Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast EuroDry stock prices and determine the direction of EuroDry's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of EuroDry's historical fundamentals, such as revenue growth or operating cash flow patterns. Although EuroDry's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of EuroDry's systematic risk associated with finding meaningful patterns of EuroDry fundamentals over time.
Check out Historical Fundamental Analysis of EuroDry to cross-verify your projections. EuroDry |
Most investors in EuroDry cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the EuroDry's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets EuroDry's price structures and extracts relationships that further increase the generated results' accuracy.
Price Action indicator evaluates an asset for a given trading period using the following formula: ((close - open) + (close - high) + (close - low)) / 2. This indicator is consistent with the interpretation of Japanese candlestick patterns.| Check EuroDry Volatility | Backtest EuroDry | Information Ratio |
Price Action Indicator (or PAIN) was developed by Michael B. Geraty and published in 'Futures' magazine in August 1997.
| Compare EuroDry to competition |
Other Forecasting Options for EuroDry
For every potential investor in EuroDry, whether a beginner or expert, EuroDry's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. EuroDry Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in EuroDry. Basic forecasting techniques help filter out the noise by identifying EuroDry's price trends.EuroDry Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with EuroDry stock to make a market-neutral strategy. Peer analysis of EuroDry could also be used in its relative valuation, which is a method of valuing EuroDry by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
EuroDry Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of EuroDry's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of EuroDry's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
EuroDry Market Strength Events
Market strength indicators help investors to evaluate how EuroDry stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading EuroDry shares will generate the highest return on investment. By undertsting and applying EuroDry stock market strength indicators, traders can identify EuroDry entry and exit signals to maximize returns.
EuroDry Risk Indicators
The analysis of EuroDry's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in EuroDry's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting eurodry stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 1.31 | |||
| Standard Deviation | 1.67 | |||
| Variance | 2.81 |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
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
| 0.7 | DAC | Danaos Financial Report 20th of May 2024 | PairCorr |
| 0.58 | GSL | Global Ship Lease Financial Report 8th of May 2024 | PairCorr |
| 0.42 | OP | Oceanpal | PairCorr |
| 0.42 | NAT | Nordic American Tankers Financial Report 27th of May 2024 | PairCorr |
| 0.42 | 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 Historical Fundamental Analysis of EuroDry to cross-verify your projections. For more information on how to buy EuroDry Stock please use our How to Invest in EuroDry guide.You can also try the Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.
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.