Eurodry Stock Alpha and Beta Analysis

EDRY -  USA Stock  

USD 32.69  0.15  0.46%

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.
Continue to Eurodry Backtesting, Eurodry Valuation, Eurodry Correlation, Eurodry Hype Analysis, Eurodry Volatility, Eurodry History and analyze Eurodry Performance.
  
Refresh
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 0.80  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 0.59  . 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.
Eurodry Enterprise Value over EBIT is fairly stable at the moment as compared to the past year. Eurodry reported Enterprise Value over EBIT of 3.00 in 2021. Enterprise Value over EBITDA is likely to rise to 2.61 in 2022, whereas Book Value per Share is likely to drop 27.85 in 2022.
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.

Eurodry Quarterly Book Value per Share

31.471

Share

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.
α0.80   β0.59
90 days against DJI

Eurodry expected buy-and-hold returns

Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Eurodry's Buy-and-hold return. Our buy-and-hold chart shows how Eurodry performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.

Eurodry Market Price Analysis

Market price analysis indicators help investors to evaluate how Eurodry stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Eurodry shares will generate the highest return on investment. By understating and applying Eurodry stock market price indicators, traders can identify Eurodry position entry and exit signals to maximize returns.

Eurodry Return and Market Media

The median price of Eurodry for the period between Sun, Feb 20, 2022 and Sat, May 21, 2022 is 32.64 with a coefficient of variation of 15.21. The daily time series for the period is distributed with a sample standard deviation of 4.81, arithmetic mean of 31.61, and mean deviation of 4.03. The Stock received substential amount of media coverage during this period.
 Price Growth (%)  
      Timeline 
1
Other03/03/2022
2
EuroDry Takes On Some Risk With Its Use Of Debt - Simply Wal...03/04/2022
3
Should EuroDry Ltd Stock Be in Your Portfolio - InvestorsObs...03/28/2022
4
EPS Estimate03/31/2022
5
EuroDry Ltd. Announces Agreement to Acquire MV Santa Cruz, a...04/19/2022
6
Industry Analysts Just Upgraded Their EuroDry Ltd. Revenue F...04/28/2022
7
EPS Reported05/18/2022

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.
 2020 2021 2022 (projected)
Book Value per Share15.2131.2127.85
Asset Turnover0.20.470.4

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 Report15th of February 2022
Next Financial Report19th of May 2022
Next Fiscal Quarter End31st of December 2021
Next Fiscal Year End15th of February 2022
Last Quarter Report30th of September 2021
Last Financial Announcement31st of December 2020

Build Portfolio with Eurodry

Your optimized portfolios are the building block of your wealth. We provide an intuitive interface to determine which securities in a portfolio should be removed or rebalanced to achieve better diversification, find the right mix of securities that minimizes portfolio risk for a given return, or maximize portfolio expected return for a given risk level.

Build Diversified Portfolios

Align your risk with return expectations

Fix your portfolio
By capturing your risk tolerance and investment horizon Macroaxis technology of instant portfolio optimization will compute exactly how much risk is acceptable for your desired return expectations
Continue to Eurodry Backtesting, Eurodry Valuation, Eurodry Correlation, Eurodry Hype Analysis, Eurodry Volatility, Eurodry History and analyze Eurodry Performance. 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 Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.

Complementary Tools for Eurodry Stock analysis

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.
Probability Of Bankruptcy
Get analysis of equity chance of financial distress in the next 2 years
Go
Crypto Correlations
Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins
Go
Shere Portfolio
Track or share privately all of your investments from the convenience of any device
Go
Price Exposure Probability
Analyze equity upside and downside potential for a given time horizon across multiple markets
Go
Positions Ratings
Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance
Go
Transaction History
View history of all your transactions and understand their impact on performance
Go
Portfolio Center
All portfolio management and optimization tools to improve performance of your portfolios
Go
Equity Forecasting
Use basic forecasting models to generate price predictions and determine price momentum
Go
Equity Valuation
Check real value of public entities based on technical and fundamental data
Go
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...