Eloro Resources Stock Market Value
| ELRRF Stock | USD 0.76 0.01 1.33% |
| Symbol | Eloro |
Eloro Resources '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 Eloro Resources' otc 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 Eloro Resources.
| 11/02/2024 |
| 12/02/2024 |
If you would invest 0.00 in Eloro Resources on November 2, 2024 and sell it all today you would earn a total of 0.00 from holding Eloro Resources or generate 0.0% return on investment in Eloro Resources over 30 days. Eloro Resources is related to or competes with Harmony Gold, SPACE, T Rowe, Ampleforth, Ionet, SEI Investments, and Embecta Corp. Eloro Resources Ltd. engages in the exploration and development of mineral properties More
Eloro Resources 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 Eloro Resources' otc 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 Eloro Resources upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.07 | |||
| Information Ratio | 0.0051 | |||
| Maximum Drawdown | 35.59 | |||
| Value At Risk | (5.71) | |||
| Potential Upside | 8.77 |
Eloro Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Eloro Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Eloro Resources' standard deviation. In reality, there are many statistical measures that can use Eloro Resources historical prices to predict the future Eloro Resources' volatility.| Risk Adjusted Performance | 0.0312 | |||
| Jensen Alpha | 0.1303 | |||
| Total Risk Alpha | (0.79) | |||
| Sortino Ratio | 0.0071 | |||
| Treynor Ratio | 0.7618 |
Eloro Resources Backtested Returns
Eloro Resources appears to be out of control, given 3 months investment horizon. Eloro Resources secures Sharpe Ratio (or Efficiency) of 0.0567, which denotes the company had a 0.0567% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Eloro Resources, which you can use to evaluate the volatility of the firm. Please utilize Eloro Resources' Downside Deviation of 4.07, mean deviation of 3.51, and Coefficient Of Variation of 3392.74 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Eloro Resources holds a performance score of 4. The firm shows a Beta (market volatility) of 0.21, which means not very significant fluctuations relative to the market. As returns on the market increase, Eloro Resources' returns are expected to increase less than the market. However, during the bear market, the loss of holding Eloro Resources is expected to be smaller as well. Please check Eloro Resources' sortino ratio, skewness, price action indicator, as well as the relationship between the potential upside and rate of daily change , to make a quick decision on whether Eloro Resources' price patterns will revert.
Auto-correlation | -0.76 |
Almost perfect reverse predictability
Eloro Resources has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Eloro Resources time series from 2nd of November 2024 to 17th of November 2024 and 17th of November 2024 to 2nd 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 Eloro Resources price movement. The serial correlation of -0.76 indicates that around 76.0% of current Eloro Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.76 | |
| Spearman Rank Test | -0.53 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Eloro Resources lagged returns against current returns
Autocorrelation, which is Eloro Resources otc 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 Eloro Resources' otc stock expected returns. We can calculate the autocorrelation of Eloro Resources returns to help us make a trade decision. For example, suppose you find that Eloro Resources has exhibited high autocorrelation historically, and you observe that the otc 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 |
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Eloro Resources 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 Eloro Resources otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Eloro Resources otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Eloro Resources otc stock over time.
Current vs Lagged Prices |
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Eloro Resources Lagged Returns
When evaluating Eloro Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Eloro Resources otc stock have on its future price. Eloro Resources 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, Eloro Resources autocorrelation shows the relationship between Eloro Resources otc stock current value and its past values and can show if there is a momentum factor associated with investing in Eloro Resources.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Eloro OTC Stock
Eloro Resources financial ratios help investors to determine whether Eloro OTC 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 Eloro with respect to the benefits of owning Eloro Resources security.