Eurodry Stock Market Value

EDRY -  USA Stock  

USD 30.88  1.85  6.37%

Eurodry's market value is the price at which a share of Eurodry stock trades on a public exchange. It measures the collective expectations of Eurodry investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Eurodry and determine expected loss or profit from investing in Eurodry over a given investment horizon. Continue to Eurodry Hype Analysis, Eurodry Correlation, Eurodry Valuation, Eurodry Volatility, as well as analyze Eurodry Alpha and Beta and Eurodry Performance.
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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.

Eurodry 'What if' Analysis

In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Eurodry's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Eurodry.
0.00
10/03/2019
No Change 0.00  0.0 
In 1 year 11 months and 22 days
09/22/2021
0.00
If you would invest  0.00  in Eurodry on October 3, 2019 and sell it all today you would earn a total of 0.00 from holding Eurodry or generate 0.0% return on investment in Eurodry over 720 days. EuroDry Ltd., through its subsidiaries, provides ocean-going transportation services worldwide

Eurodry Upside/Downside Indicators

Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Eurodry's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Eurodry upside and downside potential and time the market with a certain degree of confidence.

Eurodry Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Eurodry's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Eurodry's standard deviation. In reality, there are many statistical measures that can use Eurodry historical prices to predict the future Eurodry's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Eurodry's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy. Please use the tools below to analyze the current value of Eurodry in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
26.1330.9635.79
Details
Intrinsic
Valuation
LowReal ValueHigh
28.7233.5538.38
Details
Naive
Forecast
LowNext ValueHigh
26.3031.1335.96
Details
2 Analysts
Consensus
LowTarget PriceHigh
35.0042.5050.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Eurodry. Your research has to be compared to or analyzed against Eurodry's peers to derive any actionable benefits. When done correctly, Eurodry's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Eurodry.

Eurodry Backtested Returns

We consider Eurodry not too volatile. Eurodry secures Sharpe Ratio (or Efficiency) of 0.0261, which denotes the company had 0.0261% of return per unit of risk over the last 3 months. Our standpoint towards predicting the volatility of a stock is to use all available market data together with stock-specific technical indicators that cannot be diversified away. We have found twenty-eight technical indicators for Eurodry, which you can use to evaluate the future volatility of the firm. Please confirm Eurodry Mean Deviation of 3.53, downside deviation of 5.14, and Coefficient Of Variation of 2190.88 to check if the risk estimate we provide is consistent with the expected return of 0.13%.
Eurodry has performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 2.1065, which means a somewhat significant risk relative to the market. Let's try to break down what Eurodry's beta means in this case. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Eurodry will likely underperform. Although it is extremely important to respect Eurodry historical returns, it is better to be realistic regarding the information on equity current trending patterns. The philosophy towards predicting future performance of any stock is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By reviewing Eurodry technical indicators, you can presently evaluate if the expected return of 0.13% will be sustainable into the future. Eurodry right now shows a risk of 4.86%. Please confirm Eurodry value at risk, as well as the relationship between the kurtosis and market facilitation index to decide if Eurodry will be following its price patterns.
AdviceVolatility TrendExposureCorrelations

Auto-correlation

    
  (0.82)   

Excellent reverse predictability

Eurodry has excellent reverse predictability. Overlapping area represents the amount of predictability between Eurodry time series from 3rd of October 2019 to 27th of September 2020 and 27th of September 2020 to 22nd of September 2021. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Eurodry price movement. The serial correlation of -0.82 indicates that around 82.0% of current Eurodry price fluctuation can be explain by its past prices. Given that Eurodry has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Eurodry for similar time interval.
Correlation Coefficient-0.82
Spearman Rank Test-0.88
Residual Average0.0
Price Variance92.55

Eurodry lagged returns against current returns

Autocorrelation, which is Eurodry stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Eurodry's stock expected returns. We can calculate the autocorrelation of Eurodry returns to help us make a trade decision. For example, suppose you find that Eurodry stock has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the stock movement to match the lagging time series.
 Current and Lagged Values 
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      Timeline 

Eurodry regressed lagged prices vs. current prices

Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Eurodry stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Eurodry stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Eurodry stock over time.
 Current vs Lagged Prices 
Share
      Timeline 

Eurodry Lagged Returns

When evaluating Eurodry's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Eurodry stock have on its future price. Eurodry autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Eurodry autocorrelation shows the relationship between Eurodry stock current value and its past values and can show if there is a momentum factor associated with investing in Eurodry.
 Regressed Prices 
Share
      Timeline 

Be your own money manager

Our tools can tell you how much better you can do entering a position in Eurodry without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

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Volatility Analysis

Get historical volatility and risk analysis based on latest market data
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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

Continue to Eurodry Hype Analysis, Eurodry Correlation, Eurodry Valuation, Eurodry Volatility, as well as analyze Eurodry Alpha and Beta and Eurodry Performance. 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 Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.

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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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Eurodry technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Eurodry technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Eurodry trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...