Okeanis Eco Tankers Stock Price on March 25, 2024
| ECO Stock | 33.65 0.39 1.17% |
If you're considering investing in Okeanis Stock, it is important to understand the factors that can impact its price. As of today, the current price of Okeanis Eco stands at 33.65, as last reported on the 9th of June, with the highest price reaching 33.84 and the lowest price hitting 33.08 during the day. Okeanis Eco appears to be very steady, given 3 months investment horizon. Okeanis Eco Tankers maintains Sharpe Ratio (i.e., Efficiency) of 0.18, which implies the firm had a 0.18% return per unit of risk over the last 3 months. We have found thirty technical indicators for Okeanis Eco Tankers, which you can use to evaluate the volatility of the company. Please evaluate Okeanis Eco's Coefficient Of Variation of 651.5, risk adjusted performance of 0.1017, and Semi Deviation of 1.35 to confirm if our risk estimates are consistent with your expectations.
As of the 9th of June 2024, Total Stockholder Equity is likely to drop to about 411.4 M. In addition to that, Common Stock Shares Outstanding is likely to drop to about 33.5 M. At this time, Okeanis Eco's Price Cash Flow Ratio is very stable compared to the past year. As of the 9th of June 2024, Price Sales Ratio is likely to grow to 2.48, while Price Earnings To Growth Ratio is likely to drop 0.08. Okeanis Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Okeanis |
Sharpe Ratio = 0.1808
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Estimated Market Risk
| 1.64 actual daily | 14 86% of assets are more volatile |
Expected Return
| 0.3 actual daily | 5 95% of assets have higher returns |
Risk-Adjusted Return
| 0.18 actual daily | 14 86% of assets perform better |
Based on monthly moving average Okeanis Eco is performing at about 14% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Okeanis Eco by adding it to a well-diversified portfolio.
Price Book 2.3556 | Enterprise Value Ebitda 5.7382 | Price Sales 2.2166 | Shares Float 24.4 M | Dividend Share 5.25 |
Okeanis Eco Valuation on March 25, 2024
It is possible to determine the worth of Okeanis Eco on a given historical date. On March 25, 2024 Okeanis was worth 29.93 at the beginning of the trading date compared to the closed value of 29.11. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Okeanis Eco stock. Still, in general, we apply an absolute valuation method to find Okeanis Eco's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Okeanis Eco where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Okeanis Eco's related companies.
| Open | High | Low | Close | Volume | |
| 30.00 | 30.09 | 28.98 | 28.98 | 26,800 | |
03/25/2024 | 29.93 | 30.24 | 29.11 | 29.11 | 14,300 |
| 29.94 | 29.94 | 28.93 | 28.93 | 35,700 |
| Backtest Okeanis Eco | | | Okeanis Eco History | | | Okeanis Eco Valuation | Previous | Next |
Okeanis Eco Trading Date Momentum on March 25, 2024
| On March 26 2024 Okeanis Eco Tankers was traded for 28.93 at the closing time. Highest Okeanis Eco's price during the trading hours was 29.94 and the lowest price during the day was 28.93 . The net volume was 35.7 K. The overall trading history on the 26th of March contributed to the next trading period price depreciation. The overall trading delta to the next next day price was 0.62% . The trading delta at closing time to current price is 7.04% . |
Okeanis Eco Tankers Fundamentals Correlations and Trends
By evaluating Okeanis Eco's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Okeanis Eco's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Okeanis financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Okeanis Eco Stock history
Okeanis Eco investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Okeanis is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Okeanis Eco Tankers will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Okeanis Eco stock prices may prove useful in developing a viable investing in Okeanis Eco
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 37 M | 33.5 M | |
| Net Income Applicable To Common Shares | 97.2 M | 54 M |
Okeanis Eco Quarterly Net Working Capital |
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Okeanis Eco Stock Technical Analysis
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.
Price Boundaries
Okeanis Eco Period Price Range
Low | March 25, 2024
| High |
29.93 | 29.11 |
Okeanis Eco June 9, 2024 Market Strength
Market strength indicators help investors to evaluate how Okeanis Eco stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Okeanis Eco shares will generate the highest return on investment. By undertsting and applying Okeanis Eco stock market strength indicators, traders can identify Okeanis Eco Tankers entry and exit signals to maximize returns
Okeanis Eco Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Okeanis Eco's price direction in advance. Along with the technical and fundamental analysis of Okeanis Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Okeanis to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.1017 | |||
| Jensen Alpha | 0.2383 | |||
| Total Risk Alpha | 0.2226 | |||
| Sortino Ratio | 0.1464 | |||
| Treynor Ratio | 0.4311 |
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Additional Information and Resources on Investing in Okeanis Stock
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 Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
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 0.029 | Dividend Share 5.25 | Revenue Per Share 13.408 | Quarterly Revenue Growth 0.287 | Return On Assets 0.123 |
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.