The Greek companies on the US stock market.

2015-06-30 10:53:54

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Nowadays everyone is looking at Greece, we got used to it. It might be interesting to take a look how the Greek companies perform on the US market (such companies are called ADRs – American depositary receipt - they have origins in other countries). We focused on 18 such companies, we were trying to find any trends detected on them in the long and short-term horizons. We were using both absolute trends and relative to S&P trends considering beta value. The companies with their trends are provided below.


Costamare -8% in 6 days - downtrend


Diana Conatinership Inc. 66% below S&P in 4 years - downtrend


DryShips Inc. -10% in 3 days; 88% below S&P in 2 years - downtrend


Euroseas Ltd. 56% below S&P in 2 years - downtrend


FreeSeas Inc. 96% below S&P in 1 year- downtrend


Globus Maritime Limited 65% below S&P in 1 year - downtrend


National Bank of Greece -22% in 4 days; 87% below S&P in 2 years - downtrend


Navios Maritime Holdings Inc 68% below S&P in 2 years - downtrend


Paragon Shipping Inc. 94% below S&P in 2 years - downtrend


Safe Bulkers, Inc 72% below S&P in 2 years - downtrend


Seanergy Maritime Holdings Corp 75% below S&P in 2 years - downtrend


StealthGas, Inc. 52% below S&P in 2 years - downtrend


TOP Ships Inc 46% below S&P in 1 year - downtrend


Tsakos Energy Navigation Ltd. 52% in 1 year – uptrend


 


The conclusions does not leave any illusions. The whole Greek sector is dropping and the drop is significant. If you do own any of these companies (besides one) you were through some hard times with them. The Greek problems polarize on the Greek companies worldwide and it is very clear.

 

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