Okeanis Change To Netincome vs Other Non Cash Items Analysis

ECO Stock   20.85  0.17  0.81%   
Okeanis Eco financial indicator trend analysis is much more than just breaking down Okeanis Eco Tankers prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Okeanis Eco Tankers is a good investment. Please check the relationship between Okeanis Eco Change To Netincome and its Other Non Cash Items accounts. 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.

Change To Netincome vs Other Non Cash Items

Change To Netincome vs Other Non Cash Items Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Okeanis Eco Tankers Change To Netincome account and Other Non Cash Items. At this time, the significance of the direction appears to have strong relationship.
The correlation between Okeanis Eco's Change To Netincome and Other Non Cash Items is 0.67. Overlapping area represents the amount of variation of Change To Netincome that can explain the historical movement of Other Non Cash Items in the same time period over historical financial statements of Okeanis Eco Tankers, assuming nothing else is changed. The correlation between historical values of Okeanis Eco's Change To Netincome and Other Non Cash Items is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Change To Netincome of Okeanis Eco Tankers are associated (or correlated) with its Other Non Cash Items. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Non Cash Items has no effect on the direction of Change To Netincome i.e., Okeanis Eco's Change To Netincome and Other Non Cash Items go up and down completely randomly.

Correlation Coefficient

0.67
Relationship DirectionPositive 
Relationship StrengthSignificant

Change To Netincome

Other Non Cash Items

Most indicators from Okeanis Eco's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators 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 fundamental ratios indicators, 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 Selling General Administrative is very stable compared to the past year. As of the 11th of December 2024, Sales General And Administrative To Revenue is likely to grow to 0.04, while Issuance Of Capital Stock is likely to drop about 12 M.
 2021 2022 2023 2024 (projected)
Interest Expense27.1M35.1M58.7M37.2M
Depreciation And Amortization38.7M38.0M40.4M34.9M

Okeanis Eco fundamental ratios Correlations

1.00.270.990.930.990.880.990.720.870.630.990.720.630.710.970.990.730.9-0.481.00.740.970.74-0.520.76
1.00.310.980.91.00.851.00.680.860.591.00.710.590.670.971.00.70.89-0.441.00.710.960.71-0.480.72
0.270.310.260.00.310.120.34-0.070.1-0.10.31-0.22-0.10.140.290.340.02-0.10.130.330.00.120.070.08-0.13
0.990.980.260.930.970.910.970.770.910.640.970.650.640.780.950.970.80.88-0.590.980.790.990.81-0.530.83
0.930.90.00.930.880.960.870.870.840.820.880.720.820.830.890.890.850.88-0.660.90.90.960.81-0.680.9
0.991.00.310.970.880.831.00.660.860.541.00.710.540.620.961.00.650.9-0.41.00.650.940.69-0.430.69
0.880.850.120.910.960.830.820.940.830.760.830.540.760.890.850.830.870.75-0.770.850.890.920.9-0.660.92
0.991.00.340.970.871.00.820.650.860.521.00.690.520.620.961.00.660.89-0.41.00.650.940.69-0.430.68
0.720.68-0.070.770.870.660.940.650.80.70.660.50.70.820.730.660.870.61-0.890.680.820.790.95-0.730.92
0.870.860.10.910.840.860.830.860.80.520.860.70.520.70.90.850.850.79-0.730.870.70.920.91-0.630.84
0.630.59-0.10.640.820.540.760.520.70.520.540.571.00.830.630.570.820.58-0.60.580.950.680.57-0.820.76
0.991.00.310.970.881.00.831.00.660.860.540.710.540.620.961.00.650.9-0.41.00.650.940.69-0.430.69
0.720.71-0.220.650.720.710.540.690.50.70.570.710.570.310.790.710.580.82-0.290.70.530.690.47-0.650.51
0.630.59-0.10.640.820.540.760.520.70.521.00.540.570.830.630.570.820.58-0.60.580.950.680.57-0.820.76
0.710.670.140.780.830.620.890.620.820.70.830.620.310.830.660.650.910.54-0.820.670.950.80.81-0.670.92
0.970.970.290.950.890.960.850.960.730.90.630.960.790.630.660.970.770.83-0.510.970.730.920.76-0.650.72
0.991.00.340.970.891.00.831.00.660.850.571.00.710.570.650.970.680.89-0.411.00.680.940.69-0.470.69
0.730.70.020.80.850.650.870.660.870.850.820.650.580.820.910.770.680.6-0.880.70.930.820.89-0.880.92
0.90.89-0.10.880.880.90.750.890.610.790.580.90.820.580.540.830.890.6-0.370.890.640.910.59-0.40.72
-0.48-0.440.13-0.59-0.66-0.4-0.77-0.4-0.89-0.73-0.6-0.4-0.29-0.6-0.82-0.51-0.41-0.88-0.37-0.44-0.76-0.63-0.920.72-0.89
1.01.00.330.980.91.00.851.00.680.870.581.00.70.580.670.971.00.70.89-0.440.70.950.71-0.480.72
0.740.710.00.790.90.650.890.650.820.70.950.650.530.950.950.730.680.930.64-0.760.70.820.76-0.810.9
0.970.960.120.990.960.940.920.940.790.920.680.940.690.680.80.920.940.820.91-0.630.950.820.82-0.560.88
0.740.710.070.810.810.690.90.690.950.910.570.690.470.570.810.760.690.890.59-0.920.710.760.82-0.690.91
-0.52-0.480.08-0.53-0.68-0.43-0.66-0.43-0.73-0.63-0.82-0.43-0.65-0.82-0.67-0.65-0.47-0.88-0.40.72-0.48-0.81-0.56-0.69-0.68
0.760.72-0.130.830.90.690.920.680.920.840.760.690.510.760.920.720.690.920.72-0.890.720.90.880.91-0.68
Click cells to compare fundamentals

Okeanis Eco Account Relationship Matchups

Okeanis Eco fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.1B1.3B954.6M1.2B1.1B1.2B
Short Long Term Debt Total732.7M834.5M577.0M739.0M693.3M718.0M
Other Current Liab17.5M2.6M3.3M6.0M4.1M5.0M
Total Current Liabilities85.4M102.1M61.5M92.9M105.6M88.3M
Total Stockholder Equity341.7M397.2M358.3M422.2M408.1M411.4M
Property Plant And Equipment Net1.1B1.2B883.5M1.0B988.2M1.1B
Current Deferred Revenue4.9M6.5M2.9M10.2M11.7M12.3M
Net Debt719.3M811.1M538.8M657.7M643.3M676.9M
Retained Earnings8.4M66.0M61.8M146.4M291.6M306.2M
Accounts Payable14.0M17.7M16.0M11.8M23.5M16.5M
Cash13.4M23.3M38.2M81.3M50.0M41.1M
Non Current Assets Total1.1B1.2B892.0M1.0B991.2M1.1B
Non Currrent Assets Other751.5K6.4M8.6M4.5M3.0M4.4M
Cash And Short Term Investments13.4M23.3M38.2M81.3M50.0M41.1M
Net Receivables20.2M14.6M7.4M49.6M57.5M29.0M
Common Stock Shares Outstanding32.3M32.5M32.4M32.2M32.2M33.5M
Liabilities And Stockholders Equity1.1B1.3B954.6M1.2B1.1B1.2B
Non Current Liabilities Total683.7M760.4M534.8M668.3M615.4M656.4M
Inventory6.6M5.8M12.6M17.0M25.4M12.8M
Other Current Assets2.3M10.2M4.3M6.2M5.2M5.3M
Other Stockholder Equity333.3M331.3M296.4M275.8M116.5M223.0M
Total Liab769.1M862.5M596.3M761.1M721.0M744.7M
Total Current Assets42.4M53.9M62.6M154.4M137.9M88.3M
Short Term Debt49.0M75.3M42.2M66.5M77.9M61.1M

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

  0.71OP OceanpalPairCorr
  0.87SB Safe BulkersPairCorr

Moving against Okeanis Stock

  0.85HTCO Caravelle International Symbol ChangePairCorr
  0.76SB-PD Safe BulkersPairCorr
  0.74SB-PC Safe BulkersPairCorr
  0.57ZIM ZIM Integrated ShippingPairCorr
  0.53ICON Icon Energy CorpPairCorr
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.
Pair CorrelationCorrelation Matching
When determining whether Okeanis Eco Tankers offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Okeanis Eco's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Okeanis Eco Tankers Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Okeanis Eco Tankers Stock:
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 Bonds Directory module to find actively traded corporate debentures issued by US companies.
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
3.63
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.