EuroDry Stock Performance

EDRY
 Stock
  

USD 15.83  0.10  0.63%   

On a scale of 0 to 100, EuroDry holds a performance score of 6. The firm shows a Beta (market volatility) of 0.6871, which means possible diversification benefits within a given portfolio. Let's try to break down what EuroDry's beta means in this case. As returns on the market increase, EuroDry returns are expected to increase less than the market. However, during the bear market, the loss on holding EuroDry will be expected to be smaller as well. Although it is vital to follow EuroDry historical returns, it is good to be conservative about what you can do with the information regarding 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 0.26% will be sustainable into the future. Please utilizes EuroDry value at risk, as well as the relationship between the kurtosis and market facilitation index to make a quick decision on whether EuroDry price patterns will revert.
  
EuroDry Performance
6 of 100
Compared to the overall equity markets, risk-adjusted returns on investments in EuroDry are ranked lower than 6 (%) of all global equities and portfolios over the last 90 days. In spite of fairly weak basic indicators, EuroDry showed solid returns over the last few months and may actually be approaching a breakup point. ...more

EuroDry Price Channel

Begin Period Cash Flow4606318.00
Total Cashflows From Investing Activities-36823327.00

EuroDry Relative Risk vs. Return Landscape

If you would invest  1,384  in EuroDry on September 8, 2022 and sell it today you would earn a total of  199.00  from holding EuroDry or generate 14.38% return on investment over 90 days. EuroDry is currently generating 0.2638% in daily expected returns and assumes 3.3135% risk (volatility on return distribution) over the 90 days horizon. In different words, 28% of stocks are less volatile than EuroDry, and 95% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon.
  Daily Expected Return (%)  
       Risk (%)  
Given the investment horizon of 90 days EuroDry is expected to generate 2.2 times more return on investment than the market. However, the company is 2.2 times more volatile than its market benchmark. It trades about 0.08 of its potential returns per unit of risk. The NYSE Composite is currently generating roughly 0.03 per unit of risk.

EuroDry Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for EuroDry's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as EuroDry, and traders can use it to determine the average amount a EuroDry's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.

Sharpe Ratio = 0.0796

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Estimated Market Risk
 3.31
  actual daily
 
 28 %
of total potential
 
2828
Expected Return
 0.26
  actual daily
 
 5 %
of total potential
 
55
Risk-Adjusted Return
 0.08
  actual daily
 
 6 %
of total potential
 
66
Based on monthly moving average EuroDry is performing at about 6% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of EuroDry by adding it to a well-diversified portfolio.

About EuroDry Performance

To evaluate EuroDry Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when EuroDry generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare EuroDry Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand EuroDry market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents EuroDry's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.
EuroDry Ltd., through its subsidiaries, provides ocean-going transportation services worldwide. EuroDry Ltd. was incorporated in 2018 and is based in Marousi, Greece. Eurodry is traded on NASDAQ Exchange in the United States.

Things to note about EuroDry

Checking the ongoing alerts about EuroDry for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for EuroDry help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.

EuroDry Alerts

Equity Alerts and Improvement Suggestions

EuroDry has very high historical volatility over the last 90 days
The company currently holds 64.7 M in liabilities with Debt to Equity (D/E) ratio of 0.69, which is about average as compared to similar companies. EuroDry has a current ratio of 0.54, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist EuroDry until it has trouble settling it off, either with new capital or with free cash flow. So, EuroDry's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like EuroDry sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for EuroDry to invest in growth at high rates of return. When we think about EuroDry's use of debt, we should always consider it together with cash and equity.
About 47.0% of EuroDry shares are held by company insiders
Latest headline from news.google.com: EuroDry Third Quarter 2022 Earnings EPS US2.11 - Yahoo Finance
Continue to Investing Opportunities. You can also try Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.

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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 YOY
(0.52) 
Market Capitalization
46.9 M
Quarterly Revenue Growth YOY
(0.19) 
Return On Assets
0.145
Return On Equity
0.4705
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 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.