Electra Battery Materials Stock Market Value
| ELBM Stock | 2.32 0.13 5.31% |
| Symbol | Electra |
Electra Battery Materials Price To Book Ratio
Electra Battery '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 Electra Battery's stock 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 Electra Battery.
| 11/20/2024 |
| 02/18/2025 |
If you would invest 0.00 in Electra Battery on November 20, 2024 and sell it all today you would earn a total of 0.00 from holding Electra Battery Materials or generate 0.0% return on investment in Electra Battery over 90 days. Electra Battery is related to or competes with Frontier Lithium, Electra Battery, E3 Lithium, and Canada Nickel. Electra Battery is entity of Canada. It is traded as Stock on V exchange. More
Electra Battery 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 Electra Battery's stock 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 Electra Battery Materials upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.99 | |||
| Information Ratio | 0.112 | |||
| Maximum Drawdown | 354.3 | |||
| Value At Risk | (6.58) | |||
| Potential Upside | 9.18 |
Electra Battery Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Electra Battery's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Electra Battery's standard deviation. In reality, there are many statistical measures that can use Electra Battery historical prices to predict the future Electra Battery's volatility.| Risk Adjusted Performance | 0.0894 | |||
| Jensen Alpha | 4.81 | |||
| Total Risk Alpha | 4.74 | |||
| Sortino Ratio | 0.9629 | |||
| Treynor Ratio | (0.45) |
Electra Battery Materials Backtested Returns
Electra Battery is out of control given 3 months investment horizon. Electra Battery Materials secures Sharpe Ratio (or Efficiency) of 0.12, which denotes the company had a 0.12 % return per unit of risk over the last 3 months. We have analyzed thirty different technical indicators, which can help you to evaluate if expected returns of 5.33% are justified by taking the suggested risk. Use Electra Battery Mean Deviation of 11.66, downside deviation of 4.99, and Coefficient Of Variation of 890.65 to evaluate company specific risk that cannot be diversified away. Electra Battery holds a performance score of 9 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -10.66, which means a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Electra Battery are expected to decrease by larger amounts. On the other hand, during market turmoil, Electra Battery is expected to outperform it. Use Electra Battery semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and standard deviation , to analyze future returns on Electra Battery.
Auto-correlation | 0.19 |
Very weak predictability
Electra Battery Materials has very weak predictability. Overlapping area represents the amount of predictability between Electra Battery time series from 20th of November 2024 to 4th of January 2025 and 4th of January 2025 to 18th of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Electra Battery Materials price movement. The serial correlation of 0.19 indicates that over 19.0% of current Electra Battery price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.19 | |
| Spearman Rank Test | -0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Electra Battery Materials lagged returns against current returns
Autocorrelation, which is Electra Battery stock'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 Electra Battery's stock expected returns. We can calculate the autocorrelation of Electra Battery returns to help us make a trade decision. For example, suppose you find that Electra Battery has exhibited high autocorrelation historically, and you observe that the stock 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 |
| Timeline |
Electra Battery 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 Electra Battery stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Electra Battery stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Electra Battery stock over time.
Current vs Lagged Prices |
| Timeline |
Electra Battery Lagged Returns
When evaluating Electra Battery's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Electra Battery stock have on its future price. Electra Battery 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, Electra Battery autocorrelation shows the relationship between Electra Battery stock current value and its past values and can show if there is a momentum factor associated with investing in Electra Battery Materials.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Electra Stock Analysis
When running Electra Battery's price analysis, check to measure Electra Battery's 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 Electra Battery is operating at the current time. Most of Electra Battery's value examination focuses on studying past and present price action to predict the probability of Electra Battery's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Electra Battery's price. Additionally, you may evaluate how the addition of Electra Battery to your portfolios can decrease your overall portfolio volatility.