Elcora Advanced Materials Stock Market Value
| ECORF Stock | USD 0.01 0 17.24% |
| Symbol | Elcora |
Elcora Advanced 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Elcora Advanced's pink sheet what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Elcora Advanced.
| 01/09/2023 |
| 11/29/2024 |
If you would invest 0.00 in Elcora Advanced on January 9, 2023 and sell it all today you would earn a total of 0.00 from holding Elcora Advanced Materials or generate 0.0% return on investment in Elcora Advanced over 690 days. Elcora Advanced is related to or competes with South32, NioCorp Developments, HUMANA, SCOR PK, Ab Pennsylvania, Small Cap, and Thrivent High. Elcora Advanced Materials Corp., engages in the exploration of mineral properties in Canada More
Elcora Advanced Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Elcora Advanced's pink sheet current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Elcora Advanced Materials upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 57.11 | |||
| Value At Risk | (17.24) | |||
| Potential Upside | 21.48 |
Elcora Advanced Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Elcora Advanced's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Elcora Advanced's standard deviation. In reality, there are many statistical measures that can use Elcora Advanced historical prices to predict the future Elcora Advanced's volatility.| Risk Adjusted Performance | 0.0049 | |||
| Jensen Alpha | (0.22) | |||
| Total Risk Alpha | (1.61) | |||
| Treynor Ratio | (0.05) |
Elcora Advanced Materials Backtested Returns
At this point, Elcora Advanced is out of control. Elcora Advanced Materials secures Sharpe Ratio (or Efficiency) of 0.0061, which denotes the company had a 0.0061% return per unit of standard deviation over the last 3 months. We have found twenty-one technical indicators for Elcora Advanced Materials, which you can use to evaluate the volatility of the firm. Please confirm Elcora Advanced's Coefficient Of Variation of (17,681), standard deviation of 10.26, and Mean Deviation of 5.38 to check if the risk estimate we provide is consistent with the expected return of 0.063%. The firm shows a Beta (market volatility) of 1.29, which means a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Elcora Advanced will likely underperform. Elcora Advanced Materials right now shows a risk of 10.34%. Please confirm Elcora Advanced Materials variance and the relationship between the treynor ratio and price action indicator , to decide if Elcora Advanced Materials will be following its price patterns.
Auto-correlation | 0.69 |
Good predictability
Elcora Advanced Materials has good predictability. Overlapping area represents the amount of predictability between Elcora Advanced time series from 9th of January 2023 to 20th of December 2023 and 20th of December 2023 to 29th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Elcora Advanced Materials price movement. The serial correlation of 0.69 indicates that around 69.0% of current Elcora Advanced price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.69 | |
| Spearman Rank Test | 0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Elcora Advanced Materials lagged returns against current returns
Autocorrelation, which is Elcora Advanced pink sheet's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Elcora Advanced's pink sheet expected returns. We can calculate the autocorrelation of Elcora Advanced returns to help us make a trade decision. For example, suppose you find that Elcora Advanced has exhibited high autocorrelation historically, and you observe that the pink sheet is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
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Elcora Advanced regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Elcora Advanced pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Elcora Advanced pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Elcora Advanced pink sheet over time.
Current vs Lagged Prices |
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Elcora Advanced Lagged Returns
When evaluating Elcora Advanced's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Elcora Advanced pink sheet have on its future price. Elcora Advanced autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Elcora Advanced autocorrelation shows the relationship between Elcora Advanced pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Elcora Advanced Materials.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Elcora Pink Sheet
Elcora Advanced financial ratios help investors to determine whether Elcora Pink Sheet 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 Elcora with respect to the benefits of owning Elcora Advanced security.