Okeanis Eco Tankers Stock Technical Analysis
| ECO Stock | 19.97 0.78 4.06% |
As of the 16th of December 2024, Okeanis Eco holds the Variance of 7.38, risk adjusted performance of (0.16), and Coefficient Of Variation of (424.54). Okeanis Eco Tankers technical analysis gives you tools to exploit past prices in attempt to determine a pattern that determines the direction of the company's future prices.
Okeanis Eco Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Okeanis, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to OkeanisOkeanis |
Okeanis Eco Analyst Consensus
| Target Price | Advice | # of Analysts | |
| 44.0 | Strong Buy | 1 | Odds |
Most Okeanis analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Okeanis stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Okeanis Eco Tankers, talking to its executives and customers, or listening to Okeanis conference calls.
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.
Okeanis Eco Tankers Technical Analysis
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Okeanis Eco Tankers volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Okeanis Eco Tankers Trend Analysis
Use this graph to draw trend lines for Okeanis Eco Tankers. You can use it to identify possible trend reversals for Okeanis Eco as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Okeanis Eco price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Okeanis Eco Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Okeanis Eco Tankers applied against its price change over selected period. The best fit line has a slop of 0.26 , which may imply that the returns on investment in Okeanis Eco Tankers will continue to fail. It has 122 observation points and a regression sum of squares at 2608.94, which is the sum of squared deviations for the predicted Okeanis Eco price change compared to its average price change.About Okeanis Eco Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Okeanis Eco Tankers on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Okeanis Eco Tankers based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Okeanis Eco Tankers price pattern first instead of the macroeconomic environment surrounding Okeanis Eco Tankers. By analyzing Okeanis Eco's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Okeanis Eco's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Okeanis Eco specific price patterns or momentum indicators. Please read more on our technical analysis page.
| 2021 | 2022 | 2024 (projected) | Dividend Yield | 0.0124 | 0.18 | 0.14 | Price To Sales Ratio | 1.54 | 2.06 | 2.1 |
Okeanis Eco December 16, 2024 Technical Indicators
Most technical analysis of Okeanis help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Okeanis from various momentum indicators to cycle indicators. When you analyze Okeanis charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
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| Risk Adjusted Performance | (0.16) | |||
| Market Risk Adjusted Performance | (4.67) | |||
| Mean Deviation | 2.15 | |||
| Coefficient Of Variation | (424.54) | |||
| Standard Deviation | 2.72 | |||
| Variance | 7.38 | |||
| Information Ratio | (0.27) | |||
| Jensen Alpha | (0.66) | |||
| Total Risk Alpha | (0.99) | |||
| Treynor Ratio | (4.68) | |||
| Maximum Drawdown | 11.6 | |||
| Value At Risk | (4.13) | |||
| Potential Upside | 3.43 | |||
| Skewness | 0.0906 | |||
| Kurtosis | 0.3297 |
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 Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
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.