Eurodry Historical Financial Ratios

EDRY -  USA Stock  

USD 32.89  0.92  2.72%

Eurodry is recently reporting on over 57 different financial statement accounts. To analyze all of these accounts together requires a lot of time and effort. However, using these accounts to derive some meaningful and actionable indicators such as Current Ratio of 0.32 or Debt to Equity Ratio of 1.57 will help investors to properly organize and evaluate Eurodry financial condition quickly. Financial Statement Analysis is much more than just reviewing and examining Eurodry latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Eurodry is a good buy for the upcoming year.
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About Eurodry Financial Ratios Analysis

EurodryFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate Eurodry investment potential. Financial ratio analysis can also be defined as the process of presenting financial ratios, which are mathematical indicators calculated by comparing key financial information appearing on Eurodry financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across Eurodry history.

Eurodry Financial Ratios Chart

Eurodry financial ratios usually calculated using numerical values taken directly from Eurodry financial statements such as income statements or balance sheets. They help investors to obtain meaningful information about Eurodry. Most financial ratios help to conduct quantitative analysis to assess vital information about the company's valuation as well as profitability and liquidity indicators such as leverage, growth, profit margins, and different types of rates of return.
Eurodry Book Value per Share is fairly stable at the moment as compared to the past year. Eurodry reported Book Value per Share of 15.21 in 2020. Current Ratio is likely to rise to 0.32 in 2021, whereas Debt to Equity Ratio is likely to drop 1.57 in 2021.

Asset Turnover

Asset turnover is a measure of a firms operating efficiency; calculated by dividing Revenues by Average Assets. Often a component of DuPont ROE analysis.

Return on Average Assets

Return on assets measures how profitable a company is Net Income Common Stock relative to its total assets [AssetsAvg].

Return on Average Equity

Return on equity measures a corporation's profitability by calculating the amount of Net Income Common Stock returned as a percentage of [EquityAvg].

Return on Sales

Return on Sales is a ratio to evaluate a company's operational efficiency; calculated by dividing Earning Before Interest and Taxes EBIT by Revenues. ROS is often a component of DuPont ROE analysis.
Most ratios from Eurodry fundamentals are interrelated and interconnected. However, analyzing fundamentals ratios one by one will only give a small insight into Eurodry current financial condition. On the other hand, looking into the entire matrix of fundamentals ratios, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Continue to Investing Opportunities.Eurodry Book Value per Share is fairly stable at the moment as compared to the past year. Eurodry reported Book Value per Share of 15.21 in 2020. Current Ratio is likely to rise to 0.32 in 2021, whereas Debt to Equity Ratio is likely to drop 1.57 in 2021.
 2018 2020 2021 (projected)
Book Value per Share19.515.2115.34
Asset Turnover0.220.20.19

Eurodry fundamentals Correlations

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0.610.9-0.06-0.6-0.47-0.470.72-0.72-0.680.35-0.60.720.520.660.70.710.74-0.59-0.51
0.60.90.23-0.55-0.34-0.340.79-0.87-0.840.52-0.530.90.810.90.890.890.87-0.55-0.58
-0.25-0.060.23-0.53-0.42-0.420.24-0.4-0.52-0.12-0.510.470.690.590.520.520.34-0.54-0.74
0.14-0.6-0.55-0.530.960.96-0.290.420.780.361.0-0.46-0.6-0.55-0.5-0.5-0.361.00.96
0.33-0.47-0.34-0.420.961.0-0.060.180.630.580.97-0.21-0.39-0.31-0.25-0.25-0.110.960.87
0.33-0.47-0.34-0.420.961.0-0.060.180.630.580.97-0.21-0.39-0.31-0.25-0.25-0.110.960.87
0.850.720.790.24-0.29-0.06-0.06-0.95-0.430.72-0.270.930.560.80.910.910.98-0.28-0.35
-0.69-0.72-0.87-0.40.420.180.18-0.950.64-0.670.4-0.99-0.77-0.93-0.98-0.98-0.990.420.52
-0.08-0.68-0.84-0.520.780.630.63-0.430.64-0.090.76-0.7-0.92-0.84-0.73-0.73-0.590.780.83
0.850.350.52-0.120.360.580.580.72-0.67-0.090.390.640.320.520.590.590.720.370.26
0.15-0.6-0.53-0.511.00.970.97-0.270.40.760.39-0.43-0.56-0.52-0.47-0.47-0.331.00.95
0.660.720.90.47-0.46-0.21-0.210.93-0.99-0.70.64-0.430.820.961.01.00.98-0.46-0.57
0.190.520.810.69-0.6-0.39-0.390.56-0.77-0.920.32-0.560.820.950.850.850.72-0.6-0.75
0.460.660.90.59-0.55-0.31-0.310.8-0.93-0.840.52-0.520.960.950.970.970.9-0.54-0.68
0.610.70.890.52-0.5-0.25-0.250.91-0.98-0.730.59-0.471.00.850.971.00.97-0.5-0.62
0.620.710.890.52-0.5-0.25-0.250.91-0.98-0.730.59-0.471.00.850.971.00.97-0.5-0.62
0.780.740.870.34-0.36-0.11-0.110.98-0.99-0.590.72-0.330.980.720.90.970.97-0.36-0.45
0.15-0.59-0.55-0.541.00.960.96-0.280.420.780.371.0-0.46-0.6-0.54-0.5-0.5-0.360.96
0.14-0.51-0.58-0.740.960.870.87-0.350.520.830.260.95-0.57-0.75-0.68-0.62-0.62-0.450.96
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Eurodry Account Relationship Matchups

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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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 Investing Opportunities. 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 Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.

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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.