Eurodry Stock Performance

EDRY
 Stock
  

USD 17.80  0.29  1.60%   

The firm shows a Beta (market volatility) of 0.679, 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. Even though it is essential to pay attention to Eurodry historical returns, it is always good to be careful when utilizing equity current trending patterns. Our philosophy towards predicting any stock's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Eurodry exposes twenty-eight different technical indicators, which can help you to evaluate its performance. Eurodry has an expected return of -1.04%. Please be advised to confirm Eurodry value at risk, as well as the relationship between the kurtosis and market facilitation index to decide if Eurodry performance from the past will be repeated at some point in the near future.
  
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Eurodry Performance
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Over the last 90 days Eurodry has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of weak performance in the last few months, the Stock's basic indicators remain fairly strong which may send shares a bit higher in August 2022. The current disturbance may also be a sign of long term up-swing for the company investors. ...more

Eurodry Price Channel

Quick Ratio1.63
Fifty Two Week Low15.75
Target High Price57.00
Fifty Two Week High44.99
Target Low Price41.54

Eurodry Relative Risk vs. Return Landscape

If you would invest  3,798  in Eurodry on April 3, 2022 and sell it today you would lose (2,018)  from holding Eurodry or give up 53.13% of portfolio value over 90 days. Eurodry is currently does not generate positive expected returns and assumes 5.6499% risk (volatility on return distribution) over the 90 days horizon. In different words, 48% of stocks are less volatile than Eurodry, and 99% 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 under-perform the market. In addition to that, the company is 3.92 times more volatile than its market benchmark. It trades about -0.18 of its total potential returns per unit of risk. The DOW is currently generating roughly -0.12 per unit of volatility.

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 = -0.1833

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Negative ReturnsEDRY
Estimated Market Risk
 5.65
  actual daily
 
 48 %
of total potential
 
4848
Expected Return
 -1.04
  actual daily
 
 0 %
of total potential
 
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Risk-Adjusted Return
 -0.18
  actual daily
 
 0 %
of total potential
 
00
Based on monthly moving average Eurodry is performing at about 0% 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 2022
Return on Average Assets 0.21  0.23 
Return on Average Equity 0.53  0.57 
Return on Invested Capital 0.20  0.22 
Return on Sales 0.52  0.56 
EuroDry Ltd., through its subsidiaries, provides ocean-going transportation services worldwide. The company owns and operates drybulk carriers that transport major bulks, such as iron ore, coal, and grains and minor bulks, including bauxite, phosphate, and fertilizers. As of March 31, 2022, it operated a fleet of ten drybulk carriers comprising five Panamax drybulk carriers, two Ultramax drybulk carrier, two Kamsarmax carriers, and one Supramax drybulk carrier with a cargo capacity of 726,555 deadweight tons. EuroDry Ltd. was incorporated in 2018 and is based in Marousi, Greece.

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 generated a negative expected return over the last 90 days
Eurodry has high historical volatility and very poor performance
Eurodry has high likelihood to experience some financial distress in the next 2 years
About 44.0% of the company shares are held by company insiders
Latest headline from www.investorsobserver.com: Where Does EuroDry Ltd Stock Fall in the Marine Shipping Field - InvestorsObserver
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 Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.

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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
18.16
Market Capitalization
52 M
Quarterly Revenue Growth YOY
1.13
Return On Assets
0.21
Return On Equity
0.59
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.