Euroseas Discontinued Operations vs Net Interest Income Analysis

ESEA Stock  USD 33.78  0.32  0.94%   
Euroseas financial indicator trend analysis is much more than just examining Euroseas latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Euroseas is a good investment. Please check the relationship between Euroseas Discontinued Operations and its Net Interest Income accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Euroseas. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income.
For information on how to trade Euroseas Stock refer to our How to Trade Euroseas Stock guide.

Discontinued Operations vs Net Interest Income

Discontinued Operations vs Net Interest Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Euroseas Discontinued Operations account and Net Interest Income. At this time, the significance of the direction appears to have pay attention.
The correlation between Euroseas' Discontinued Operations and Net Interest Income is -0.77. Overlapping area represents the amount of variation of Discontinued Operations that can explain the historical movement of Net Interest Income in the same time period over historical financial statements of Euroseas, assuming nothing else is changed. The correlation between historical values of Euroseas' Discontinued Operations and Net Interest Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Discontinued Operations of Euroseas are associated (or correlated) with its Net Interest Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Interest Income has no effect on the direction of Discontinued Operations i.e., Euroseas' Discontinued Operations and Net Interest Income go up and down completely randomly.

Correlation Coefficient

-0.77
Relationship DirectionNegative 
Relationship StrengthWeak

Discontinued Operations

Net Interest Income

The difference between the revenue generated from a bank's interest-bearing assets and the expenses associated with paying its interest-bearing liabilities.
Most indicators from Euroseas' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Euroseas current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Euroseas. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income.
For information on how to trade Euroseas Stock refer to our How to Trade Euroseas Stock guide.At present, Euroseas' Discontinued Operations is projected to increase significantly based on the last few years of reporting. The current year's Enterprise Value Over EBITDA is expected to grow to 2.24, whereas Selling General Administrative is forecasted to decline to about 7.5 M.
 2023 2024 (projected)
Interest Income1.2M1.2M
Non Recurring5.3M4.3M

Euroseas fundamental ratios Correlations

0.930.971.00.520.080.460.130.410.750.870.850.090.750.20.730.660.380.530.620.730.470.450.730.640.07
0.930.860.930.490.30.180.070.460.460.780.810.310.470.150.50.530.060.610.40.720.380.20.720.650.14
0.970.860.970.390.010.490.250.420.80.880.790.020.780.210.770.610.490.460.620.640.460.560.640.670.03
1.00.930.970.50.070.450.150.420.760.870.820.080.760.180.730.640.410.510.640.70.470.470.70.630.07
0.520.490.390.5-0.230.56-0.26-0.020.370.730.78-0.220.420.050.310.880.120.570.450.840.610.180.840.150.06
0.080.30.010.07-0.23-0.55-0.310.34-0.34-0.140.041.0-0.310.01-0.22-0.35-0.470.1-0.40.05-0.4-0.250.050.32-0.26
0.460.180.490.450.56-0.550.05-0.060.80.640.57-0.540.780.120.750.770.690.170.630.510.450.560.510.22-0.05
0.130.070.250.15-0.26-0.310.050.050.190.09-0.03-0.310.040.140.40.030.16-0.110.35-0.230.48-0.12-0.230.090.55
0.410.460.420.42-0.020.34-0.060.050.160.290.270.340.29-0.530.05-0.130.31-0.330.290.020.160.420.020.550.27
0.750.460.80.760.37-0.340.80.190.160.710.59-0.330.970.220.880.650.820.180.790.480.440.750.480.38-0.09
0.870.780.880.870.73-0.140.640.090.290.710.94-0.120.720.170.680.860.410.610.580.850.620.50.850.560.05
0.850.810.790.820.780.040.57-0.030.270.590.940.060.60.220.620.850.20.670.450.950.540.340.950.590.06
0.090.310.020.08-0.221.0-0.54-0.310.34-0.33-0.120.06-0.30.02-0.21-0.33-0.460.11-0.390.07-0.39-0.250.070.32-0.26
0.750.470.780.760.42-0.310.780.040.290.970.720.6-0.30.040.770.610.870.110.780.480.430.850.480.37-0.08
0.20.150.210.180.050.010.120.14-0.530.220.170.220.020.040.440.33-0.180.57-0.010.3-0.06-0.220.30.17-0.3
0.730.50.770.730.31-0.220.750.40.050.880.680.62-0.210.770.440.670.580.310.720.480.430.390.480.510.0
0.660.530.610.640.88-0.350.770.03-0.130.650.860.85-0.330.610.330.670.310.650.570.860.650.280.860.25-0.01
0.380.060.490.410.12-0.470.690.160.310.820.410.2-0.460.87-0.180.580.31-0.320.740.040.340.870.040.16-0.03
0.530.610.460.510.570.10.17-0.11-0.330.180.610.670.110.110.570.310.65-0.32-0.040.80.2-0.150.80.28-0.14
0.620.40.620.640.45-0.40.630.350.290.790.580.45-0.390.78-0.010.720.570.74-0.040.280.690.510.280.310.16
0.730.720.640.70.840.050.51-0.230.020.480.850.950.070.480.30.480.860.040.80.280.420.231.00.41-0.08
0.470.380.460.470.61-0.40.450.480.160.440.620.54-0.390.43-0.060.430.650.340.20.690.420.230.420.160.39
0.450.20.560.470.18-0.250.56-0.120.420.750.50.34-0.250.85-0.220.390.280.87-0.150.510.230.230.230.25-0.18
0.730.720.640.70.840.050.51-0.230.020.480.850.950.070.480.30.480.860.040.80.281.00.420.230.41-0.08
0.640.650.670.630.150.320.220.090.550.380.560.590.320.370.170.510.250.160.280.310.410.160.250.41-0.01
0.070.140.030.070.06-0.26-0.050.550.27-0.090.050.06-0.26-0.08-0.30.0-0.01-0.03-0.140.16-0.080.39-0.18-0.08-0.01
Click cells to compare fundamentals

Euroseas Account Relationship Matchups

Euroseas fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets126.9M110.6M221.5M328.6M424.7M219.4M
Total Stockholder Equity28.1M35.4M76.8M168.2M266.6M134.2M
Property Plant And Equipment Net116.2M98.5M183.9M275.7M267.6M165.2M
Non Current Assets Total120.6M100.9M188.7M281.7M358.7M182.7M
Non Currrent Assets Other4.3M2.4M4.8M6.1M85.4M89.6M
Common Stock Total Equity338.2K375.5K168.0K201.3K181.1K172.1K
Common Stock Shares Outstanding2.9M5.8M7.0M7.2M6.9M7.3M
Liabilities And Stockholders Equity126.9M110.6M221.5M328.6M424.7M219.4M
Other Current Assets1.1M589.3K1.1M12.6M502.8K477.7K
Other Stockholder Equity254.0M257.5M264.6M260.5M258.4M250.7M
Total Liab98.8M75.2M144.7M160.4M158.1M85.2M
Property Plant And Equipment Gross116.2M98.5M183.9M275.7M317.0M332.9M
Total Current Assets6.3M9.7M32.8M46.9M66.0M69.3M
Common Stock168.0K201.3K218.8K213.5K210.4K199.9K
Short Long Term Debt Total89.5M69.4M118.0M107.2M130.0M76.3M
Other Current Liab2.7M1.7M2.0M5.4M3.3M2.6M
Total Current Liabilities24.9M28.6M37.1M73.7M51.2M29.4M
Current Deferred Revenue973.8K949.4K3.3M7.7M11.3M11.8M
Net Debt88.5M65.8M91.5M81.4M71.4M47.0M
Retained Earnings(233.7M)(230.3M)(188.1M)(92.6M)7.9M8.3M
Accounts Payable3.9M2.9M2.8M5.2M5.7M3.1M
Cash985.4K3.6M26.5M25.8M58.6M61.5M
Other Assets4.3M2.4M12.4M65.2M74.9M78.7M
Long Term Debt72.2M46.2M89.0M51.8M59.6M53.7M
Cash And Short Term Investments985.4K3.6M26.5M25.8M58.6M61.5M
Net Receivables2.3M3.9M3.0M6.1M4.3M3.9M
Non Current Liabilities Total73.9M46.6M107.6M86.7M106.9M61.4M
Inventory1.9M1.7M2.2M2.3M2.5M1.8M
Short Term Debt17.3M23.1M29.0M55.4M30.8M20.1M
Property Plant Equipment116.2M98.5M176.3M216.6M194.9M115.6M
Other Liab1.7M362.2K17.6M34.9M40.2M42.2M
Net Tangible Assets20.5M27.3M76.8M168.2M151.3M158.9M
Short Long Term Debt17.3M23.1M29.0M55.4M63.7M66.9M

Pair Trading with Euroseas

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 Euroseas 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 Euroseas will appreciate offsetting losses from the drop in the long position's value.

Moving against Euroseas Stock

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The ability to find closely correlated positions to Euroseas could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Euroseas 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 Euroseas - 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 Euroseas to buy it.
The correlation of Euroseas 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 Euroseas moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Euroseas 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 Euroseas 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.
Pair CorrelationCorrelation Matching
When determining whether Euroseas offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Euroseas' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Euroseas Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Euroseas Stock:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Euroseas. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income.
For information on how to trade Euroseas Stock refer to our How to Trade Euroseas Stock guide.
Note that the Euroseas information on this page should be used as a complementary analysis to other Euroseas' 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 the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.

Complementary Tools for Euroseas Stock analysis

When running Euroseas' price analysis, check to measure Euroseas' 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 Euroseas is operating at the current time. Most of Euroseas' value examination focuses on studying past and present price action to predict the probability of Euroseas' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Euroseas' price. Additionally, you may evaluate how the addition of Euroseas to your portfolios can decrease your overall portfolio volatility.
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Is Euroseas' 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 Euroseas. If investors know Euroseas 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 Euroseas 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
0.24
Dividend Share
2.1
Earnings Share
16.52
Revenue Per Share
27.319
Quarterly Revenue Growth
0.144
The market value of Euroseas is measured differently than its book value, which is the value of Euroseas that is recorded on the company's balance sheet. Investors also form their own opinion of Euroseas' value that differs from its market value or its book value, called intrinsic value, which is Euroseas' 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 Euroseas' market value can be influenced by many factors that don't directly affect Euroseas' 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 Euroseas' value and its price as these two are different measures arrived at by different means. Investors typically determine if Euroseas is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Euroseas' 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.