Elementos Limited Stock Market Value
| ELTLF Stock | USD 0.04 0.00 0.00% |
| Symbol | Elementos |
Elementos Limited Price To Book Ratio
Is Diversified Metals & Mining space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Elementos. If investors know Elementos will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Elementos listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Elementos Limited is measured differently than its book value, which is the value of Elementos that is recorded on the company's balance sheet. Investors also form their own opinion of Elementos' value that differs from its market value or its book value, called intrinsic value, which is Elementos' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Elementos' market value can be influenced by many factors that don't directly affect Elementos' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Elementos' value and its price as these two are different measures arrived at by different means. Investors typically determine if Elementos is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Elementos' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Elementos '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 Elementos' 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 Elementos.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Elementos on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Elementos Limited or generate 0.0% return on investment in Elementos over 90 days. Elementos is related to or competes with Mundoro Capital, Strategic Resources, Ardea Resources, Nova Minerals, Aurelia Metals, Centaurus Metals, and Nexa Resources. Elementos Limited engages in the exploration and development of mineral properties in Australia and Spain More
Elementos 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 Elementos' 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 Elementos Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.1) | |||
| Maximum Drawdown | 30.0 |
Elementos Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Elementos' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Elementos' standard deviation. In reality, there are many statistical measures that can use Elementos historical prices to predict the future Elementos' volatility.| Risk Adjusted Performance | (0.1) | |||
| Jensen Alpha | (0.52) | |||
| Total Risk Alpha | (0) | |||
| Treynor Ratio | 0.8722 |
Elementos Limited Backtested Returns
Elementos Limited 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. Elementos Limited exposes sixteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Elementos' Mean Deviation of 0.8953, variance of 13.64, and Standard Deviation of 3.69 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.53, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Elementos are expected to decrease at a much lower rate. During the bear market, Elementos is likely to outperform the market. At this point, Elementos Limited has a negative expected return of -0.47%. Please make sure to confirm Elementos' mean deviation, information ratio, as well as the relationship between the Information Ratio and kurtosis , to decide if Elementos Limited performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.00 |
No correlation between past and present
Elementos Limited has no correlation between past and present. Overlapping area represents the amount of predictability between Elementos time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th of March 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 Elementos Limited price movement. The serial correlation of 0.0 indicates that just 0.0% of current Elementos price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | -0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Elementos Limited lagged returns against current returns
Autocorrelation, which is Elementos 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 Elementos' stock expected returns. We can calculate the autocorrelation of Elementos returns to help us make a trade decision. For example, suppose you find that Elementos 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 |
Elementos 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 Elementos stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Elementos stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Elementos stock over time.
Current vs Lagged Prices |
| Timeline |
Elementos Lagged Returns
When evaluating Elementos' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Elementos stock have on its future price. Elementos 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, Elementos autocorrelation shows the relationship between Elementos stock current value and its past values and can show if there is a momentum factor associated with investing in Elementos Limited.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether Elementos Limited is a strong investment it is important to analyze Elementos' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Elementos' future performance. For an informed investment choice regarding Elementos Stock, refer to the following important reports:Check out Elementos Correlation, Elementos Volatility and Elementos Alpha and Beta module to complement your research on Elementos. You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Elementos technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.