Erdene Resource Development Stock Price on December 11, 2024
| ERD Stock | CAD 0.57 0.02 3.39% |
Below is the normalized historical share price chart for Erdene Resource Development extending back to March 16, 2004. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Erdene Resource stands at 0.57, as last reported on the 14th of December 2024, with the highest price reaching 0.58 and the lowest price hitting 0.56 during the day.
If you're considering investing in Erdene Stock, it is important to understand the factors that can impact its price. Erdene Resource appears to be abnormally volatile, given 3 months investment horizon. Erdene Resource Deve secures Sharpe Ratio (or Efficiency) of 0.088, which denotes the company had a 0.088% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Erdene Resource Development, which you can use to evaluate the volatility of the firm. Please utilize Erdene Resource's Semi Deviation of 2.81, mean deviation of 2.85, and Downside Deviation of 3.68 to check if our risk estimates are consistent with your expectations.
At this time, Erdene Resource's Total Stockholder Equity is very stable compared to the past year. As of the 14th of December 2024, Common Stock Total Equity is likely to grow to about 165 M, while Liabilities And Stockholders Equity is likely to drop about 30 M. . At this time, Erdene Resource's Price Earnings Ratio is very stable compared to the past year. As of the 14th of December 2024, Price Book Value Ratio is likely to grow to 2.50, while Price To Sales Ratio is likely to drop 21.33. Erdene Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
200 Day MA 0.4868 | 50 Day MA 0.6434 | Beta 1.627 |
Erdene |
Sharpe Ratio = 0.088
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Estimated Market Risk
| 3.87 actual daily | 34 66% of assets are more volatile |
Expected Return
| 0.34 actual daily | 6 94% of assets have higher returns |
Risk-Adjusted Return
| 0.09 actual daily | 6 94% of assets perform better |
Based on monthly moving average Erdene Resource is performing at about 6% 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 Erdene Resource by adding it to a well-diversified portfolio.
Price Book 3.5972 | Book Value 0.171 | Enterprise Value 198 M | Enterprise Value Ebitda (15.18) | Shares Float 276.5 M |
Erdene Resource Valuation on December 11, 2024
It is possible to determine the worth of Erdene Resource on a given historical date. On December 11, 2024 Erdene was worth 0.57 at the beginning of the trading date compared to the closed value of 0.61. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Erdene Resource stock. Still, in general, we apply an absolute valuation method to find Erdene Resource'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 Erdene Resource where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Erdene Resource's related companies.
| Open | High | Low | Close | Volume | |
| 0.57 | 0.58 | 0.56 | 0.57 | 47,600 | |
12/11/2024 | 0.57 | 0.61 | 0.57 | 0.61 | 108,155 |
| 0.61 | 0.62 | 0.57 | 0.59 | 174,600 |
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Erdene Resource Trading Date Momentum on December 11, 2024
| On December 12 2024 Erdene Resource Development was traded for 0.59 at the closing time. The maximum traded price for the trading interval was 0.62 and the lowest daily price was 0.57 . The daily volume was recorded at 174.6 K. The volume of trading on 12th of December 2024 played a part in the next trading day price drop. The overall trading delta to the next closing price was 3.28% . The overall trading delta to the closing price today is 4.92% . |
Erdene Resource Deve Fundamentals Correlations and Trends
By evaluating Erdene Resource'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 Erdene Resource's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Erdene financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Erdene Resource Stock history
Erdene Resource 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 Erdene is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Erdene Resource Deve 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 Erdene Resource stock prices may prove useful in developing a viable investing in Erdene Resource
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 346 M | 363.3 M | |
| Net Loss | -5.4 M | -5.7 M |
Erdene Resource Stock Technical Analysis
Erdene Resource 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
Erdene Resource Period Price Range
Low | December 14, 2024
| High |
0.00 | 0.00 |
Erdene Resource Development cannot be verified against its exchange. Please verify the symbol is currently traded on Toronto Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Erdene Resource December 14, 2024 Market Strength
Market strength indicators help investors to evaluate how Erdene Resource stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Erdene Resource shares will generate the highest return on investment. By undertsting and applying Erdene Resource stock market strength indicators, traders can identify Erdene Resource Development entry and exit signals to maximize returns
Erdene Resource Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Erdene Resource's price direction in advance. Along with the technical and fundamental analysis of Erdene Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Erdene 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 | 0.0951 | |||
| Jensen Alpha | 0.4791 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | 0.0994 | |||
| Treynor Ratio | (1.73) |
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Other Information on Investing in Erdene Stock
Erdene Resource financial ratios help investors to determine whether Erdene Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Erdene with respect to the benefits of owning Erdene Resource security.