Elray Resources Financials
| ELRA Stock | USD 0.0003 0.0001 25.00% |
Elray |
Understanding current and past Elray Resources Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Elray Resources' financial statements are interrelated, with each one affecting the others. For example, an increase in Elray Resources' assets may result in an increase in income on the income statement.
Please note, the presentation of Elray Resources' financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Elray Resources' management is honest, while the outside auditors are strict and uncompromising. Please utilize our Beneish M Score to check the likelihood of Elray Resources' management manipulating its earnings.
Elray Resources Stock Summary
Elray Resources competes with Accel Entertainment, Light Wonder, Everi Holdings, Inspired Entertainment, and International Game. Elray Resources, Inc., a technology company, owns and licenses gaming intellectual property, gaming content, gaming domains, and trademarks in the United States and internationally. It provides marketing tools and CRM systems for online gaming operators. Elray Resources operates under Gambling classification in the United States and is traded on OTC Exchange.| Instrument | USA Pink Sheet View All |
| Exchange | PINK Exchange |
| ISIN | US29015T7028 |
| Business Address | 3651 Lindell Road, |
| Sector | Consumer Cyclical |
| Industry | Gambling |
| Benchmark | Dow Jones Industrial |
| Website | www.elraytech.com |
| Phone | 917 775 9689 |
| Currency | USD - US Dollar |
Elray Resources Key Financial Ratios
Elray Resources' financial ratios allow both analysts and investors to convert raw data from Elray Resources' financial statements into concise, actionable information that can be used to evaluate the performance of Elray Resources over time and compare it to other companies across industries.| Return On Asset | -0.75 | |||
| Beta | 30.74 | |||
| Z Score | -21.6 |
Elray Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Elray Resources's current stock value. Our valuation model uses many indicators to compare Elray Resources value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Elray Resources competition to find correlations between indicators driving Elray Resources's intrinsic value. More Info.Elray Resources is rated # 2 in return on asset category among its peers. It is rated # 3 in current valuation category among its peers . Comparative valuation analysis is a catch-all model that can be used if you cannot value Elray Resources by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Elray Resources' Pink Sheet. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.Elray Resources Systematic Risk
Elray Resources' systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Elray Resources volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was thirty with a total number of output elements of thirty-one. The Beta measures systematic risk based on how returns on Elray Resources correlated with the market. If Beta is less than 0 Elray Resources generally moves in the opposite direction as compared to the market. If Elray Resources Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Elray Resources is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Elray Resources is generally in the same direction as the market. If Beta > 1 Elray Resources moves generally in the same direction as, but more than the movement of the benchmark.
Elray Resources Thematic Clasifications
Elray Resources is part of Gambling investing theme. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. Equities that are issued by public entities related to gambling services or online betting technology. Companies that are related to providing gambling services across multiple geographical areas by investing, exploring, or producing software, hardware, and related infrastructure for running gambling operations or trading speculative assets
This theme covers Equities that are issued by public entities related to gambling services or online betting technology. Companies that are related to providing gambling services across multiple geographical areas by investing, exploring, or producing software, hardware, and related infrastructure for running gambling operations or trading speculative assets. Get More Thematic Ideas
| Gambling | View |
Elray Resources March 4, 2025 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Elray Resources help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Elray Resources. We use our internally-developed statistical techniques to arrive at the intrinsic value of Elray Resources based on widely used predictive technical indicators. In general, we focus on analyzing Elray Pink Sheet price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Elray Resources's daily price indicators and compare them against related drivers.
| Downside Deviation | 25.5 | |||
| Information Ratio | 0.0528 | |||
| Maximum Drawdown | 73.33 | |||
| Value At Risk | (25.00) | |||
| Potential Upside | 33.33 |
Complementary Tools for Elray Pink Sheet analysis
When running Elray Resources' price analysis, check to measure Elray Resources' 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 Elray Resources is operating at the current time. Most of Elray Resources' value examination focuses on studying past and present price action to predict the probability of Elray Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Elray Resources' price. Additionally, you may evaluate how the addition of Elray Resources to your portfolios can decrease your overall portfolio volatility.
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