Euroseas Stock Market Value
| ESEA Stock | USD 35.53 0.99 2.87% |
| Symbol | Euroseas |
Euroseas Price To Book Ratio
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 Euroseas. If investors know Euroseas 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 Euroseas 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 0.407 | Earnings Share 16.28 | Revenue Per Share 29.676 | Quarterly Revenue Growth 0.231 | Return On Assets 0.152 |
The market value of Euroseas is measured differently than its book value, which is the value of Euroseas that is recorded on the company's balance sheet. Investors also form their own opinion of Euroseas' value that differs from its market value or its book value, called intrinsic value, which is Euroseas' 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 Euroseas' market value can be influenced by many factors that don't directly affect Euroseas' 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 Euroseas' value and its price as these two are different measures arrived at by different means. Investors typically determine if Euroseas is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Euroseas' 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.
Euroseas '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 Euroseas' 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 Euroseas.
| 11/24/2024 |
| 12/24/2024 |
If you would invest 0.00 in Euroseas on November 24, 2024 and sell it all today you would earn a total of 0.00 from holding Euroseas or generate 0.0% return on investment in Euroseas over 30 days. Euroseas is related to or competes with Pyxis Tankers, Pacific Basin, DAmico International, Danaos, Global Ship, Navios Maritime, and Costamare. Euroseas Ltd. provides ocean-going transportation services worldwide More
Euroseas 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 Euroseas' 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 Euroseas upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 16.75 | |||
| Value At Risk | (4.64) | |||
| Potential Upside | 3.65 |
Euroseas Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Euroseas' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Euroseas' standard deviation. In reality, there are many statistical measures that can use Euroseas historical prices to predict the future Euroseas' volatility.| Risk Adjusted Performance | (0.10) | |||
| Jensen Alpha | (0.40) | |||
| Total Risk Alpha | (0.48) | |||
| Treynor Ratio | 4.61 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Euroseas' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Euroseas Backtested Returns
Euroseas secures Sharpe Ratio (or Efficiency) of -0.15, which denotes the company had a -0.15% return per unit of risk over the last 3 months. Euroseas exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Euroseas' Variance of 7.68, standard deviation of 2.77, and Mean Deviation of 2.02 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.0873, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Euroseas are expected to decrease at a much lower rate. During the bear market, Euroseas is likely to outperform the market. At this point, Euroseas has a negative expected return of -0.42%. Please make sure to confirm Euroseas' maximum drawdown, kurtosis, day median price, as well as the relationship between the potential upside and daily balance of power , to decide if Euroseas performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.36 |
Below average predictability
Euroseas has below average predictability. Overlapping area represents the amount of predictability between Euroseas time series from 24th of November 2024 to 9th of December 2024 and 9th of December 2024 to 24th of December 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 Euroseas price movement. The serial correlation of 0.36 indicates that just about 36.0% of current Euroseas price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.36 | |
| Spearman Rank Test | 0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 2.04 |
Euroseas lagged returns against current returns
Autocorrelation, which is Euroseas 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 Euroseas' stock expected returns. We can calculate the autocorrelation of Euroseas returns to help us make a trade decision. For example, suppose you find that Euroseas 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 |
Euroseas 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 Euroseas stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Euroseas stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Euroseas stock over time.
Current vs Lagged Prices |
| Timeline |
Euroseas Lagged Returns
When evaluating Euroseas' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Euroseas stock have on its future price. Euroseas 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, Euroseas autocorrelation shows the relationship between Euroseas stock current value and its past values and can show if there is a momentum factor associated with investing in Euroseas.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Euroseas offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Euroseas' 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 Euroseas Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Euroseas Stock:Check out Euroseas Correlation, Euroseas Volatility and Euroseas Alpha and Beta module to complement your research on Euroseas. For information on how to trade Euroseas Stock refer to our How to Trade Euroseas Stock guide.You can also try the Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.
Euroseas technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.