Eurodry Stock Alpha and Beta Analysis

EDRY -  USA Stock  

USD 30.88  1.53  5.21%

This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Eurodry. It also helps investors analyze the systematic and unsystematic risks associated with investing in Eurodry over a specified time horizon. Remember, high Eurodry's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation.
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Please note that although Eurodry alpha is a measure of relative return and represented here as a single number, it indicates the percentage above or below your selected benchmark (i.e., DOW index.) So in this particular case, Eurodry did 0.28  better than the index. Remember, a high alpha is always good. Beta, on the other hand, measures the volatility (or risk) of an investment. It is an indication of Eurodry stock's relative risk over its benchmark. Eurodry has a beta of 1.56  . Let's try to break down what Eurodry's beta means in this case. As returns on the market increase, returns on owning Eurodry are expected to decrease by larger amounts. On the other hand, during market turmoil, Eurodry is expected to outperform it.
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. Price to Book Value is likely to rise to 0.37 in 2021, whereas Enterprise Value over EBIT is likely to drop (17.45)  in 2021.
Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.

Enterprise Value

67.51 MillionShare

Eurodry Market Premiums

Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Eurodry market risk premium is the additional return an investor will receive from holding Eurodry long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Eurodry. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Eurodry's performance over market.
α0.28   β-1.56
90 days against DJI

Eurodry Fundamentals Vs Peers

Comparing Eurodry's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Eurodry's direct or indirect competition across all of the common fundamentals between Eurodry and the related equities. This way, we can detect undervalued stocks with similar characteristics as Eurodry or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Eurodry's fundamental indicators could also be used in its relative valuation, which is a method of valuing Eurodry by comparing valuation metrics with those of similar companies.
    
 Better Than Average     
    
 Worse Than Average Compare Eurodry to competition
FundamentalsEurodryPeer Average
Return On Equity6.14 %(0.31) %
Return On Asset6.66 %(0.14) %
Profit Margin9.27 %(1.27) %
Operating Margin35.28 %(5.51) %
Current Valuation142.21 M16.62 B
Shares Outstanding2.35 M571.82 M
Shares Owned by Insiders49.56 %10.09 %

Eurodry Opportunities

Eurodry Return and Market Media

The Stock received substential amount of media coverage during this period.
 Price Growth (%)  
      Timeline 
1
Unclassified Event06/30/2021
2
Other07/01/2021
3
Other07/29/2021
4
Other08/05/2021
5
EuroDry falls 2.64 percent to Close at 23.65 on August 6 - E...08/06/2021
6
EuroDry falls 5.73 percent for August 16 - Equities.com08/16/2021
7
Other08/23/2021
8
EuroDry gains 3.26 percent in Active Trading on August 26 - ...08/26/2021
9
EuroDry falls 0.77 percent to Close at 29.50 on September 14...09/14/2021
10
Shipping stocks hammered as China fears intensify - FreightW...09/20/2021

About Eurodry Beta and Alpha

For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all equity instruments such as Ford or other stocks, funds, and ETFs. Alpha measures the amount that position in Eurodry has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
 2018 2020 2021 (projected)
Book Value per Share19.515.2115.34
Asset Turnover0.220.20.19

Eurodry Upcoming Company Events

As portrayed in its financial statements, the presentation of Eurodry's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Eurodry's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Eurodry's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Eurodry. Please utilize our Beneish M Score to check the likelihood of Eurodry's management manipulating its earnings.
Upcoming Quarterly Report10th of November 2021
Next Earnings Report15th of February 2022
Next Fiscal Quarter End30th of September 2021
Next Fiscal Year End15th of February 2022
Last Quarter Report30th of June 2021
Last Earning Announcement30th of September 2020

Build Portfolio with Eurodry

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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 ETF Directory module to find actively traded Exchange Traded Funds (ETF) from around the world.

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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...