Erdene Resource Development Stock Performance
| ERD Stock | CAD 0.69 0.01 1.47% |
On a scale of 0 to 100, Erdene Resource holds a performance score of 5. The firm shows a Beta (market volatility) of 0.8, which means possible diversification benefits within a given portfolio. As returns on the market increase, Erdene Resource's returns are expected to increase less than the market. However, during the bear market, the loss of holding Erdene Resource is expected to be smaller as well. Please check Erdene Resource's treynor ratio, expected short fall, and the relationship between the jensen alpha and potential upside , to make a quick decision on whether Erdene Resource's price patterns will revert.
Risk-Adjusted Performance
Modest
Weak | Strong |
Compared to the overall equity markets, risk-adjusted returns on investments in Erdene Resource Development are ranked lower than 5 (%) of all global equities and portfolios over the last 90 days. In spite of very abnormal fundamental indicators, Erdene Resource displayed solid returns over the last few months and may actually be approaching a breakup point. ...more
Last Split Factor 1:2 | Last Split Date 2012-11-09 |
1 | Erdene Resource Development Corp. - Baystreet.ca | 12/10/2024 |
2 | 2176423 Ontario Ltd. Buys 218,500 Shares of Erdene Resource Development Co. Stock - MarketBeat | 02/13/2025 |
3 | Erdene Resource Development Co. Insider Buys C66,480.00 in Stock - MarketBeat | 02/28/2025 |
| Begin Period Cash Flow | 7.4 M |
Erdene |
Erdene Resource Relative Risk vs. Return Landscape
If you would invest 61.00 in Erdene Resource Development on December 4, 2024 and sell it today you would earn a total of 7.00 from holding Erdene Resource Development or generate 11.48% return on investment over 90 days. Erdene Resource Development is generating 0.2364% of daily returns assuming 3.3748% volatility of returns over the 90 days investment horizon. Simply put, 30% of all stocks have less volatile historical return distribution than Erdene Resource, and 96% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Erdene Resource Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Erdene Resource's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Erdene Resource Development, and traders can use it to determine the average amount a Erdene Resource's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.0701
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Estimated Market Risk
| 3.37 actual daily | 30 70% of assets are more volatile |
Expected Return
| 0.24 actual daily | 4 96% of assets have higher returns |
Risk-Adjusted Return
| 0.07 actual daily | 5 95% of assets perform better |
Based on monthly moving average Erdene Resource is performing at about 5% 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.
Erdene Resource Fundamentals Growth
Erdene Stock prices reflect investors' perceptions of the future prospects and financial health of Erdene Resource, and Erdene Resource fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Erdene Stock performance.
| Return On Equity | -0.14 | ||||
| Return On Asset | -0.0521 | ||||
| Current Valuation | 236.77 M | ||||
| Shares Outstanding | 352.64 M | ||||
| Price To Earning | (29.60) X | ||||
| Price To Book | 4.29 X | ||||
| EBITDA | (3.95 M) | ||||
| Net Income | 522.04 K | ||||
| Cash And Equivalents | 7.06 M | ||||
| Cash Per Share | 0.01 X | ||||
| Total Debt | 22.94 K | ||||
| Debt To Equity | 1.04 % | ||||
| Current Ratio | 1.87 X | ||||
| Book Value Per Share | 0.16 X | ||||
| Cash Flow From Operations | (2.05 M) | ||||
| Earnings Per Share | (0.03) X | ||||
| Market Capitalization | 239.8 M | ||||
| Total Asset | 59.06 M | ||||
| Retained Earnings | (128.51 M) | ||||
| Working Capital | 5.63 M | ||||
About Erdene Resource Performance
By examining Erdene Resource's fundamental ratios, stakeholders can obtain critical insights into Erdene Resource's financial health, operational efficiency, and overall profitability. These insights assist in making well-informed investment and management decisions. For example, a high Return on Assets and Return on Equity would indicate that Erdene Resource is effectively utilizing its assets and equity to generate significant profits, enhancing its appeal to investors. On the other hand, low ROA and ROE values could reveal issues in asset and equity management, highlighting the need for operational improvements.
| Last Reported | Projected for Next Year | ||
| Days Of Inventory On Hand | -6.9 K | -6.5 K | |
| Return On Tangible Assets | 0.01 | 0.01 | |
| Return On Capital Employed | 0.06 | 0.06 | |
| Return On Assets | 0.01 | 0.01 | |
| Return On Equity | 0.01 | 0.01 |
Things to note about Erdene Resource Deve performance evaluation
Checking the ongoing alerts about Erdene Resource for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Erdene Resource Deve help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Erdene Resource Deve has some characteristics of a very speculative penny stock | |
| Erdene Resource Deve had very high historical volatility over the last 90 days | |
| Erdene Resource Deve has high likelihood to experience some financial distress in the next 2 years | |
| Erdene Resource Development has accumulated about 7.06 M in cash with (2.05 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.01. | |
| Roughly 22.0% of the company shares are held by company insiders | |
| Latest headline from news.google.com: Erdene Resource Development Co. Insider Buys C66,480.00 in Stock - MarketBeat |
- Analyzing Erdene Resource's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Erdene Resource's stock is overvalued or undervalued compared to its peers.
- Examining Erdene Resource's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Erdene Resource's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Erdene Resource's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Erdene Resource's stock. These opinions can provide insight into Erdene Resource's potential for growth and whether the stock is currently undervalued or overvalued.
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.