Emerita Resources Corp Stock Market Value
| EMOTF Stock | USD 0.94 0.02 2.08% |
| Symbol | Emerita |
Emerita 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 Emerita 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 Emerita Resources.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in Emerita Resources on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding Emerita Resources Corp or generate 0.0% return on investment in Emerita Resources over 90 days. Emerita Resources is related to or competes with Lotus Resources, Canada Nickel, LithiumBank Resources, Surge Battery, Magna Mining, Metals X, and Nevada King. Emerita Resources Corp., a natural resource company, engages in the acquisition, exploration, and development of mineral... More
Emerita 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 Emerita 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 Emerita Resources Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.41 | |||
| Information Ratio | 0.0639 | |||
| Maximum Drawdown | 31.22 | |||
| Value At Risk | (6.82) | |||
| Potential Upside | 10.98 |
Emerita Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Emerita Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Emerita Resources' standard deviation. In reality, there are many statistical measures that can use Emerita Resources historical prices to predict the future Emerita Resources' volatility.| Risk Adjusted Performance | 0.0476 | |||
| Jensen Alpha | 0.2314 | |||
| Total Risk Alpha | 0.8849 | |||
| Sortino Ratio | 0.0761 | |||
| Treynor Ratio | 5.44 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Emerita Resources' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Emerita Resources Corp Backtested Returns
Emerita Resources appears to be abnormally volatile, given 3 months investment horizon. Emerita Resources Corp secures Sharpe Ratio (or Efficiency) of 0.0451, which denotes the company had a 0.0451 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Emerita Resources Corp, which you can use to evaluate the volatility of the firm. Please utilize Emerita Resources' Downside Deviation of 4.41, coefficient of variation of 2217.75, and Mean Deviation of 3.77 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Emerita Resources holds a performance score of 3. The firm shows a Beta (market volatility) of 0.0417, which means not very significant fluctuations relative to the market. As returns on the market increase, Emerita Resources' returns are expected to increase less than the market. However, during the bear market, the loss of holding Emerita Resources is expected to be smaller as well. Please check Emerita Resources' jensen alpha and the relationship between the value at risk and day median price , to make a quick decision on whether Emerita Resources' price patterns will revert.
Auto-correlation | 0.44 |
Average predictability
Emerita Resources Corp has average predictability. Overlapping area represents the amount of predictability between Emerita Resources time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th 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 Emerita Resources Corp price movement. The serial correlation of 0.44 indicates that just about 44.0% of current Emerita Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.44 | |
| Spearman Rank Test | 0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Emerita Resources Corp lagged returns against current returns
Autocorrelation, which is Emerita 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 Emerita Resources' otc stock expected returns. We can calculate the autocorrelation of Emerita Resources returns to help us make a trade decision. For example, suppose you find that Emerita 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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Emerita 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 Emerita Resources otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Emerita 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 Emerita Resources otc stock over time.
Current vs Lagged Prices |
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Emerita Resources Lagged Returns
When evaluating Emerita Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Emerita Resources otc stock have on its future price. Emerita 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, Emerita Resources autocorrelation shows the relationship between Emerita Resources otc stock current value and its past values and can show if there is a momentum factor associated with investing in Emerita Resources Corp.
Regressed Prices |
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Currently Active Assets on Macroaxis
Other Information on Investing in Emerita OTC Stock
Emerita Resources financial ratios help investors to determine whether Emerita 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 Emerita with respect to the benefits of owning Emerita Resources security.