Elmer Bancorp Stock Market Value
| ELMA Stock | USD 21.75 0.00 0.00% |
| Symbol | Elmer |
Elmer Bancorp '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 Elmer Bancorp'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 Elmer Bancorp.
| 11/26/2024 |
| 12/26/2024 |
If you would invest 0.00 in Elmer Bancorp on November 26, 2024 and sell it all today you would earn a total of 0.00 from holding Elmer Bancorp or generate 0.0% return on investment in Elmer Bancorp over 30 days. Elmer Bancorp is related to or competes with CCSB Financial, Delhi Bank, BEO Bancorp, First Community, First Community, and Bank of Utica. Elmer Bancorp, Inc. operates as the bank holding company for The First National Bank of Elmer that provides various busi... More
Elmer Bancorp 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 Elmer Bancorp'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 Elmer Bancorp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.09 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 2.99 | |||
| Value At Risk | (0.94) | |||
| Potential Upside | 0.9434 |
Elmer Bancorp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Elmer Bancorp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Elmer Bancorp's standard deviation. In reality, there are many statistical measures that can use Elmer Bancorp historical prices to predict the future Elmer Bancorp's volatility.| Risk Adjusted Performance | 0.0442 | |||
| Jensen Alpha | 0.0167 | |||
| Total Risk Alpha | (0.0004) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.1241 |
Elmer Bancorp Backtested Returns
At this point, Elmer Bancorp is very steady. Elmer Bancorp secures Sharpe Ratio (or Efficiency) of 0.0655, which denotes the company had a 0.0655% return per unit of risk over the last 3 months. We have found twenty-four technical indicators for Elmer Bancorp, which you can use to evaluate the volatility of the firm. Please confirm Elmer Bancorp's Mean Deviation of 0.2938, coefficient of variation of 1633.83, and Downside Deviation of 1.09 to check if the risk estimate we provide is consistent with the expected return of 0.0346%. Elmer Bancorp has a performance score of 5 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.19, which means not very significant fluctuations relative to the market. As returns on the market increase, Elmer Bancorp's returns are expected to increase less than the market. However, during the bear market, the loss of holding Elmer Bancorp is expected to be smaller as well. Elmer Bancorp right now shows a risk of 0.53%. Please confirm Elmer Bancorp total risk alpha, downside variance, day median price, as well as the relationship between the maximum drawdown and skewness , to decide if Elmer Bancorp will be following its price patterns.
Auto-correlation | 0.00 |
No correlation between past and present
Elmer Bancorp has no correlation between past and present. Overlapping area represents the amount of predictability between Elmer Bancorp time series from 26th of November 2024 to 11th of December 2024 and 11th of December 2024 to 26th of December 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 Elmer Bancorp price movement. The serial correlation of 0.0 indicates that just 0.0% of current Elmer Bancorp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.68 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Elmer Bancorp lagged returns against current returns
Autocorrelation, which is Elmer Bancorp 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 Elmer Bancorp's pink sheet expected returns. We can calculate the autocorrelation of Elmer Bancorp returns to help us make a trade decision. For example, suppose you find that Elmer Bancorp 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 |
| Timeline |
Elmer Bancorp 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 Elmer Bancorp pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Elmer Bancorp pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Elmer Bancorp pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Elmer Bancorp Lagged Returns
When evaluating Elmer Bancorp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Elmer Bancorp pink sheet have on its future price. Elmer Bancorp 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, Elmer Bancorp autocorrelation shows the relationship between Elmer Bancorp pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Elmer Bancorp.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Elmer Pink Sheet
Elmer Bancorp financial ratios help investors to determine whether Elmer 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 Elmer with respect to the benefits of owning Elmer Bancorp security.