EDRY Stock | | | USD 12.93 0.07 0.54% |
EuroDry financial indicator trend analysis is much more than just examining EuroDry latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether EuroDry is a good investment. Please check the relationship between EuroDry Interest Income and its Total Revenue accounts. Check out
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in EuroDry. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in metropolitan statistical area.
For more information on how to buy EuroDry Stock please use our
How to Invest in EuroDry guide.
Interest Income vs Total Revenue
Interest Income vs Total Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
EuroDry Interest Income account and
Total Revenue. At this time, the significance of the direction appears to have weak relationship.
The correlation between EuroDry's Interest Income and Total Revenue is 0.39. Overlapping area represents the amount of variation of Interest Income that can explain the historical movement of Total Revenue in the same time period over historical financial statements of EuroDry, assuming nothing else is changed. The correlation between historical values of EuroDry's Interest Income and Total Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Interest Income of EuroDry are associated (or correlated) with its Total Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Revenue has no effect on the direction of Interest Income i.e., EuroDry's Interest Income and Total Revenue go up and down completely randomly.
Correlation Coefficient | 0.39 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Interest Income
Income earned from the investment of cash or from lending money to others, including interest from bank accounts, bonds, or other interest-bearing investments.
Total Revenue
Total revenue comprises all receipts EuroDry generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.
Most indicators from EuroDry's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into EuroDry 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 EuroDry. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in metropolitan statistical area.
For more information on how to buy EuroDry Stock please use our
How to Invest in EuroDry guide.At this time, EuroDry's
Sales General And Administrative To Revenue is fairly stable compared to the past year.
Enterprise Value Over EBITDA is likely to rise to 10.85 in 2024, whereas
Selling General Administrative is likely to drop slightly above 6.1
M in 2024.
EuroDry fundamental ratios Correlations
Click cells to compare fundamentals
EuroDry Account Relationship Matchups
High Positive Relationship
High Negative Relationship
EuroDry fundamental ratios Accounts
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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.