Okeanis Historical Financial Ratios
| ECO Stock | 22.18 0.10 0.45% |
Okeanis Eco is promptly reporting on over 86 different financial statement accounts. To analyze all of these accounts together requires a lot of time and effort. However, using these accounts to derive some meaningful and actionable indicators such as PTB Ratio of 2.29 or Days Sales Outstanding of 32.75 will help investors to properly organize and evaluate Okeanis Eco Tankers financial condition quickly.
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About Okeanis Financial Ratios Analysis
Okeanis Eco TankersFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate Okeanis Eco investment potential. Financial ratio analysis can also be defined as the process of presenting financial ratios, which are mathematical indicators calculated by comparing key financial information appearing on Okeanis financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across Okeanis Eco history.
Okeanis Eco Financial Ratios Chart
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Price To Sales Ratio
Price to Sales Ratio is figured by comparing Okeanis Eco Tankers stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Okeanis Eco sales, a figure that is much harder to manipulate than other Okeanis Eco Tankers multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company's stock price to its revenues, calculated by dividing the company's market cap by its total sales or revenue over a 12-month period.Dividend Yield
Dividend Yield is Okeanis Eco Tankers dividend as a percentage of Okeanis Eco stock price. Okeanis Eco Tankers dividend yield is a measure of Okeanis Eco stock productivity, which can be interpreted as interest rate earned on an Okeanis Eco investment. A financial ratio that shows how much a company pays out in dividends each year relative to its stock price, calculated as annual dividends per share divided by price per share.Payout Ratio
Payout Ratio is the proportion of Okeanis Eco Tankers earnings paid out as dividends to shareholders. Payout Ratio is typically expressed as a percentage but can be shown as dividends paid out as a proportion of cash flow. The payout ratio is used to determine the sustainability of Okeanis Eco Tankers dividend payments. A lower payout ratio is generally preferable to a higher payout ratio, with a ratio greater than 100% indicating Okeanis Eco Tankers is paying out more in dividends than it makes in net income.Most ratios from Okeanis Eco's fundamentals are interrelated and interconnected. However, analyzing fundamentals ratios one by one will only give a small insight into Okeanis Eco Tankers current financial condition. On the other hand, looking into the entire matrix of fundamentals ratios, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Okeanis Eco Tankers. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. At this time, Okeanis Eco's Free Cash Flow Per Share is very stable compared to the past year. As of the 30th of November 2024, ROIC is likely to grow to 0.19, while Price To Sales Ratio is likely to drop 2.10.
| 2021 | 2022 | 2024 (projected) | Dividend Yield | 0.0124 | 0.18 | 0.14 | Price To Sales Ratio | 1.54 | 2.06 | 2.1 |
Okeanis Eco fundamentals Correlations
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Okeanis Eco Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Okeanis Eco fundamentals Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Current Ratio | 0.5 | 0.53 | 1.02 | 1.66 | 1.31 | 0.78 | |
| Debt To Equity | 2.18 | 2.1 | 1.61 | 1.75 | 1.7 | 1.39 |
Pair Trading with Okeanis Eco
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Okeanis Eco position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Okeanis Eco will appreciate offsetting losses from the drop in the long position's value.Moving together with Okeanis Stock
Moving against Okeanis Stock
| 0.81 | HTCO | Caravelle International Symbol Change | PairCorr |
| 0.76 | MATX | Matson Inc | PairCorr |
| 0.75 | SB-PD | Safe Bulkers | PairCorr |
| 0.72 | ULTRF | Ultrapetrol Bahamas | PairCorr |
| 0.68 | SB-PC | Safe Bulkers | PairCorr |
The ability to find closely correlated positions to Okeanis Eco could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Okeanis Eco when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Okeanis Eco - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Okeanis Eco Tankers to buy it.
The correlation of Okeanis Eco is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Okeanis Eco moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Okeanis Eco Tankers moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Okeanis Eco can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Okeanis Eco Tankers. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
Is Marine Transportation space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Okeanis Eco. If investors know Okeanis will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Okeanis Eco listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.25) | Earnings Share 3.78 | Revenue Per Share 12.416 | Quarterly Revenue Growth (0.05) | Return On Assets 0.095 |
The market value of Okeanis Eco Tankers is measured differently than its book value, which is the value of Okeanis that is recorded on the company's balance sheet. Investors also form their own opinion of Okeanis Eco's value that differs from its market value or its book value, called intrinsic value, which is Okeanis Eco's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Okeanis Eco's market value can be influenced by many factors that don't directly affect Okeanis Eco's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Okeanis Eco's value and its price as these two are different measures arrived at by different means. Investors typically determine if Okeanis Eco is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Okeanis Eco's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.