Eurodry Stock Performance

EDRY -  USA Stock  

USD 22.35  0.41  1.80%

On a scale of 0 to 100, Eurodry holds a performance score of 9. The firm shows a Beta (market volatility) of 1.9138, 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 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. We have found twenty-one technical indicators for Eurodry, which you can use to evaluate the performance of the firm. Please utilizes Eurodry standard deviation, value at risk, as well as the relationship between the Value At Risk and kurtosis to make a quick decision on whether Eurodry price patterns will revert.

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 Eurodry Performance
9 of 100
Compared to the overall equity markets, risk-adjusted returns on investments in Eurodry are ranked lower than 9 (%) of all global equities and portfolios over the last 90 days. In spite of fairly inconsistent basic indicators, Eurodry showed solid returns over the last few months and may actually be approaching a breakup point. ...more

Eurodry Price Channel

Quick Ratio0.15
Fifty Two Week Low3.42
Target High Price35.00
Fifty Two Week High34.65
Target Low Price30.00

Eurodry Relative Risk vs. Return Landscape

If you would invest  1,470  in Eurodry on May 3, 2021 and sell it today you would earn a total of  765.00  from holding Eurodry or generate 52.04% return on investment over 90 days. Eurodry is currently generating 0.8923% in daily expected returns and assumes 7.0751% risk (volatility on return distribution) over the 90 days horizon. In different words, 60% of stocks are less volatile than Eurodry, and 84% 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 9.63 times more return on investment than the market. However, the company is 9.63 times more volatile than its market benchmark. It trades about 0.13 of its potential returns per unit of risk. The DOW is currently generating roughly 0.05 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 = 0.1261

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Estimated Market Risk
 7.08
  actual daily
 
 60 %
of total potential
 
6060
Expected Return
 0.89
  actual daily
 
 16 %
of total potential
 
1616
Risk-Adjusted Return
 0.13
  actual daily
 
 9 %
of total potential
 
99
Based on monthly moving average Eurodry is performing at about 9% 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 stock market performance in a much more refined way. At Macroaxis, we take it even further. 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.
Last ReportedProjected for 2021
Return on Average Assets(0.07) (0.07) 
Return on Average Equity(0.20) (0.20) 
Return on Invested Capital(0.025) (0.0256) 
Return on Sales(0.16) (0.17) 
EuroDry Ltd., through its subsidiaries, provides ocean-going transportation services worldwide. EuroDry Ltd. was incorporated in 2018 and is based in Marousi, Greece. Eurodry operates under Marine Shipping classification in the United States and is traded on NASDAQ Exchange.

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. Our 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 is way too risky over 90 days horizon
Eurodry appears to be risky and price may revert if volatility continues
The company currently holds 51.83 M in liabilities with Debt to Equity (D/E) ratio of 1.02, which is about average as compared to similar companies. Eurodry has a current ratio of 0.3, indicating that it has a negative working capital and may not be able to pay financial obligations when due.
The entity reported the previous year's revenue of 22.29 M. Net Loss for the year was (7.45 M) with profit before overhead, payroll, taxes, and interest of 8.13 M.
Eurodry has a poor financial position based on the latest SEC disclosures
About 53.0% of Eurodry shares are held by company insiders
Latest headline from www.equities.com: EuroDry gains 5.86 percent on Moderate Volume July 29 - Equities.com
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 Analyst Recommendations module to analyst recommendations and target price estimates broken down by several categories.

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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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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.