EURODRY (Germany) Odds of Future Stock Price Finishing Under 11.39
| 0LQ Stock | EUR 13.60 0.80 6.25% |
EURODRY |
EURODRY Target Price Odds to finish below 11.39
The tendency of EURODRY Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to drop to € 11.39 or more in 90 days |
| 13.60 | 90 days | 11.39 | near 1 |
Based on a normal probability distribution, the odds of EURODRY to drop to € 11.39 or more in 90 days from now is near 1 (This EURODRY LTD DL probability density function shows the probability of EURODRY Stock to fall within a particular range of prices over 90 days) . Probability of EURODRY LTD DL price to stay between € 11.39 and its current price of €13.6 at the end of the 90-day period is about 1.78 .
Assuming the 90 days horizon EURODRY has a beta of 0.3. This suggests as returns on the market go up, EURODRY average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding EURODRY LTD DL will be expected to be much smaller as well. Additionally EURODRY LTD DL has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. EURODRY Price Density |
| Price |
Predictive Modules for EURODRY
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as EURODRY LTD DL. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.EURODRY Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. EURODRY is not an exception. The market had few large corrections towards the EURODRY's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold EURODRY LTD DL, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of EURODRY within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.5 | |
β | Beta against Dow Jones | 0.30 | |
σ | Overall volatility | 1.70 | |
Ir | Information ratio | -0.26 |
EURODRY Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of EURODRY for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for EURODRY LTD DL can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| EURODRY LTD DL generated a negative expected return over the last 90 days | |
| EURODRY LTD DL has high likelihood to experience some financial distress in the next 2 years | |
| EURODRY LTD DL has accumulated 51.51 M in total debt with debt to equity ratio (D/E) of 1.02, which is about average as compared to similar companies. EURODRY LTD DL has a current ratio of 0.3, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become 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 LTD DL 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. | |
| The entity reported the revenue of 77.39 M. Net Loss for the year was (7.45 M) with profit before overhead, payroll, taxes, and interest of 51.54 M. | |
| About 47.0% of EURODRY shares are owned by insiders or employees |
EURODRY Technical Analysis
EURODRY's future price can be derived by breaking down and analyzing its technical indicators over time. EURODRY Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of EURODRY LTD DL. In general, you should focus on analyzing EURODRY Stock price patterns and their correlations with different microeconomic environments and drivers.
EURODRY Predictive Forecast Models
EURODRY's time-series forecasting models is one of many EURODRY's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary EURODRY's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about EURODRY LTD DL
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 LTD DL help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| EURODRY LTD DL generated a negative expected return over the last 90 days | |
| EURODRY LTD DL has high likelihood to experience some financial distress in the next 2 years | |
| EURODRY LTD DL has accumulated 51.51 M in total debt with debt to equity ratio (D/E) of 1.02, which is about average as compared to similar companies. EURODRY LTD DL has a current ratio of 0.3, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become 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 LTD DL 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. | |
| The entity reported the revenue of 77.39 M. Net Loss for the year was (7.45 M) with profit before overhead, payroll, taxes, and interest of 51.54 M. | |
| About 47.0% of EURODRY shares are owned by insiders or employees |
Other Information on Investing in EURODRY Stock
EURODRY financial ratios help investors to determine whether EURODRY Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in EURODRY with respect to the benefits of owning EURODRY security.