Closing Bell Elemental Altus Royalties Corp down on Tuesday - The Globe and Mail
| ELE Stock | 1.18 0.02 1.67% |
Slightly above 67% of Elemental Royalties' investor base is looking to short. The analysis of current outlook of investing in Elemental Royalties Corp suggests that many traders are alarmed regarding Elemental Royalties' prospects. Elemental Royalties' investing sentiment can be driven by a variety of factors including economic data, Elemental Royalties' earnings reports, geopolitical events, and overall market trends.
Elemental Royalties stock news, alerts, and headlines are usually related to its technical, predictive, social, and fundamental indicators. It can reflect on the current distribution of Elemental daily returns and investor perception about the current price of Elemental Royalties Corp as well as its diversification or hedging effects on your existing portfolios.
Elemental |
Closing Bell Elemental Altus Royalties Corp down on Tuesday The Globe and Mail
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Elemental Royalties Fundamental Analysis
We analyze Elemental Royalties' financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Elemental Royalties using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Elemental Royalties based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Number Of Shares Shorted
Number Of Shares Shorted Comparative Analysis
Elemental Royalties is currently under evaluation in number of shares shorted category among its peers. Number of Shares Shorted is the total amount of shares that are currently sold short by investors. When a stock is sold short, the short seller assumes the responsibility of repurchasing the stock at a lower price. The speculator will make money if the stock goes down in price or will experience a loss if the stock price goes up.
Elemental Royalties Corp Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Elemental Royalties stock to make a market-neutral strategy. Peer analysis of Elemental Royalties could also be used in its relative valuation, which is a method of valuing Elemental Royalties by comparing valuation metrics with similar companies.
Peers
Elemental Royalties Related Equities
| EMPR | Empress Royalty | 2.94 | ||||
| FISH | Sailfish Royalty | 0.72 | ||||
| MTA | Metalla Royalty | 0.76 | ||||
| OGN | Orogen Royalties | 1.47 |
Additional Tools for Elemental Stock Analysis
When running Elemental Royalties' price analysis, check to measure Elemental Royalties' 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 Elemental Royalties is operating at the current time. Most of Elemental Royalties' value examination focuses on studying past and present price action to predict the probability of Elemental Royalties' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Elemental Royalties' price. Additionally, you may evaluate how the addition of Elemental Royalties to your portfolios can decrease your overall portfolio volatility.