EURODRY (Germany) Market Value
| 0LQ Stock | EUR 13.60 0.80 6.25% |
| Symbol | EURODRY |
EURODRY 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to EURODRY's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of EURODRY.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in EURODRY on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding EURODRY LTD DL or generate 0.0% return on investment in EURODRY over 30 days. EURODRY is related to or competes with SEALED AIR, Ryanair Holdings, National Bank, Pentair Plc, Ameriprise Financial, Westinghouse Air, and Regions Financial. EuroDry Ltd., through its subsidiaries, provides ocean-going transportation services worldwide More
EURODRY Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure EURODRY's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess EURODRY LTD DL upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.26) | |||
| Maximum Drawdown | 10.69 | |||
| Value At Risk | (5.48) | |||
| Potential Upside | 2.78 |
EURODRY Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for EURODRY's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as EURODRY's standard deviation. In reality, there are many statistical measures that can use EURODRY historical prices to predict the future EURODRY's volatility.| Risk Adjusted Performance | (0.15) | |||
| Jensen Alpha | (0.50) | |||
| Total Risk Alpha | (0.81) | |||
| Treynor Ratio | (1.55) |
EURODRY LTD DL Backtested Returns
EURODRY LTD DL secures Sharpe Ratio (or Efficiency) of -0.17, which denotes the company had a -0.17% return per unit of volatility over the last 3 months. EURODRY LTD DL exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm EURODRY's Market Risk Adjusted Performance of (1.54), mean deviation of 1.63, and Standard Deviation of 2.26 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.3, which means possible diversification benefits within a given portfolio. As returns on the market increase, EURODRY's returns are expected to increase less than the market. However, during the bear market, the loss of holding EURODRY is expected to be smaller as well. At this point, EURODRY LTD DL has a negative expected return of -0.42%. Please make sure to confirm EURODRY's jensen alpha, treynor ratio, and the relationship between the information ratio and total risk alpha , to decide if EURODRY LTD DL performance from the past will be repeated at future time.
Auto-correlation | 0.64 |
Good predictability
EURODRY LTD DL has good predictability. Overlapping area represents the amount of predictability between EURODRY time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of EURODRY LTD DL price movement. The serial correlation of 0.64 indicates that roughly 64.0% of current EURODRY price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.64 | |
| Spearman Rank Test | 0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 0.3 |
EURODRY LTD DL lagged returns against current returns
Autocorrelation, which is EURODRY stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting EURODRY's stock expected returns. We can calculate the autocorrelation of EURODRY returns to help us make a trade decision. For example, suppose you find that EURODRY has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
EURODRY regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If EURODRY stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if EURODRY stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in EURODRY stock over time.
Current vs Lagged Prices |
| Timeline |
EURODRY Lagged Returns
When evaluating EURODRY's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of EURODRY stock have on its future price. EURODRY autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, EURODRY autocorrelation shows the relationship between EURODRY stock current value and its past values and can show if there is a momentum factor associated with investing in EURODRY LTD DL.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
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.