Okeanis Eco Tankers Stock Market Value
| ECO Stock | 19.97 0.78 4.06% |
| Symbol | Okeanis |
Okeanis Eco Tankers 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 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.
Okeanis Eco '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 Okeanis Eco'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 Okeanis Eco.
| 11/15/2024 |
| 12/15/2024 |
If you would invest 0.00 in Okeanis Eco on November 15, 2024 and sell it all today you would earn a total of 0.00 from holding Okeanis Eco Tankers or generate 0.0% return on investment in Okeanis Eco over 30 days. Okeanis Eco is related to or competes with Safe Bulkers, Safe Bulkers, Safe Bulkers, EuroDry, Ardmore Shpng, Diana Shipping, and Okeanis Eco. Okeanis Eco is entity of United States. It is traded as Stock on NYSE exchange. More
Okeanis Eco 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 Okeanis Eco'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 Okeanis Eco Tankers upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.27) | |||
| Maximum Drawdown | 11.6 | |||
| Value At Risk | (4.13) | |||
| Potential Upside | 3.43 |
Okeanis Eco Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Okeanis Eco's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Okeanis Eco's standard deviation. In reality, there are many statistical measures that can use Okeanis Eco historical prices to predict the future Okeanis Eco's volatility.| Risk Adjusted Performance | (0.16) | |||
| Jensen Alpha | (0.66) | |||
| Total Risk Alpha | (0.99) | |||
| Treynor Ratio | (4.68) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Okeanis Eco's 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.
Okeanis Eco Tankers Backtested Returns
Okeanis Eco Tankers maintains Sharpe Ratio (i.e., Efficiency) of -0.27, which implies the firm had a -0.27% return per unit of risk over the last 3 months. Okeanis Eco Tankers exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Okeanis Eco's Risk Adjusted Performance of (0.16), variance of 7.38, and Coefficient Of Variation of (424.54) to confirm the risk estimate we provide. The company holds a Beta of 0.14, which implies not very significant fluctuations relative to the market. As returns on the market increase, Okeanis Eco's returns are expected to increase less than the market. However, during the bear market, the loss of holding Okeanis Eco is expected to be smaller as well. At this point, Okeanis Eco Tankers has a negative expected return of -0.72%. Please make sure to check Okeanis Eco's potential upside, and the relationship between the total risk alpha and daily balance of power , to decide if Okeanis Eco Tankers performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.90 |
Excellent predictability
Okeanis Eco Tankers has excellent predictability. Overlapping area represents the amount of predictability between Okeanis Eco time series from 15th of November 2024 to 30th of November 2024 and 30th of November 2024 to 15th 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 Okeanis Eco Tankers price movement. The serial correlation of 0.9 indicates that approximately 90.0% of current Okeanis Eco price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.9 | |
| Spearman Rank Test | 0.94 | |
| Residual Average | 0.0 | |
| Price Variance | 1.1 |
Okeanis Eco Tankers lagged returns against current returns
Autocorrelation, which is Okeanis Eco 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 Okeanis Eco's stock expected returns. We can calculate the autocorrelation of Okeanis Eco returns to help us make a trade decision. For example, suppose you find that Okeanis Eco 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 |
Okeanis Eco 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 Okeanis Eco stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Okeanis Eco stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Okeanis Eco stock over time.
Current vs Lagged Prices |
| Timeline |
Okeanis Eco Lagged Returns
When evaluating Okeanis Eco's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Okeanis Eco stock have on its future price. Okeanis Eco 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, Okeanis Eco autocorrelation shows the relationship between Okeanis Eco stock current value and its past values and can show if there is a momentum factor associated with investing in Okeanis Eco Tankers.
Regressed Prices |
| Timeline |
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
| 0.88 | HTCO | Caravelle International Symbol Change | PairCorr |
| 0.79 | SB-PD | Safe Bulkers | PairCorr |
| 0.72 | SB-PC | Safe Bulkers | PairCorr |
| 0.6 | ZIM | ZIM Integrated Shipping | PairCorr |
| 0.56 | ICON | Icon Energy Corp | 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 Okeanis Eco Correlation, Okeanis Eco Volatility and Okeanis Eco Alpha and Beta module to complement your research on Okeanis Eco. You can also try the Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.
Okeanis Eco 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.