Eurodry Stock Alpha and Beta Analysis
| EDRY Stock | USD 13.65 0.09 0.66% |
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. Key technical indicators related to EuroDry's market risk premium analysis include:
Beta 0.11 | Alpha (0.61) | Risk 1.89 | Sharpe Ratio (0.31) | Expected Return (0.59) |
Enterprise Value |
|
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 |
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.| α | -0.61 | β | 0.11 |
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 Sat, Aug 31, 2024 and Fri, Nov 29, 2024 is 19.81 with a coefficient of variation of 12.76. The daily time series for the period is distributed with a sample standard deviation of 2.37, arithmetic mean of 18.56, and mean deviation of 2.07. The Stock received substential amount of media coverage during this period. Price Growth (%) |
| Timeline |
1 | EuroDry May Have Issues Allocating Its Capital | 09/20/2024 |
2 | EuroDry Ltd. Sees Large Growth in Short Interest | 10/28/2024 |
3 | Ardmore Shipping Tops Q3 Earnings and Revenue Estimates | 11/06/2024 |
4 | EuroDry Q3 2024 Earnings Preview | 11/18/2024 |
5 | EuroDry Ltd. Reports Results for the Nine-Month Period and Quarter Ended September 30, 2024 | 11/19/2024 |
6 | EuroDry Ltd Q3 2024 Earnings Call Highlights Navigating Revenue Growth Amidst Market ... | 11/20/2024 |
7 | EuroDry Reports Q3 Loss, Misses Revenue Estimates - MSN | 11/22/2024 |
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 financial instruments including EuroDry or other stocks. 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.
| 2021 | 2023 | 2024 (projected) | Dividend Yield | 0.0226 | 0.0259 | 0.0246 | Price To Sales Ratio | 0.75 | 1.11 | 1.05 |
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.
| 12th of February 2024 Upcoming Quarterly Report | View | |
| 20th of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 12th of February 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
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
Additional Tools for EuroDry Stock Analysis
When running EuroDry's 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 the 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.