Emerald Resources (Australia) Market Value
| EMR Stock | 4.12 0.11 2.74% |
| Symbol | Emerald |
Emerald 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 Emerald Resources' 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 Emerald Resources.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in Emerald Resources on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding Emerald Resources NL or generate 0.0% return on investment in Emerald Resources over 90 days. Emerald Resources is related to or competes with Flagship Investments, Carlton Investments, Navigator Global, Australian United, and Alternative Investment. More
Emerald 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 Emerald Resources' 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 Emerald Resources NL upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.49 | |||
| Information Ratio | 0.1532 | |||
| Maximum Drawdown | 11.05 | |||
| Value At Risk | (3.28) | |||
| Potential Upside | 4.4 |
Emerald Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Emerald Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Emerald Resources' standard deviation. In reality, there are many statistical measures that can use Emerald Resources historical prices to predict the future Emerald Resources' volatility.| Risk Adjusted Performance | 0.1013 | |||
| Jensen Alpha | 0.2795 | |||
| Total Risk Alpha | 0.5186 | |||
| Sortino Ratio | 0.1388 | |||
| Treynor Ratio | 0.5958 |
Emerald Resources Backtested Returns
Emerald Resources appears to be slightly risky, given 3 months investment horizon. Emerald Resources secures Sharpe Ratio (or Efficiency) of 0.11, which denotes the company had a 0.11 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Emerald Resources NL, which you can use to evaluate the volatility of the firm. Please utilize Emerald Resources' Downside Deviation of 2.49, mean deviation of 1.72, and Coefficient Of Variation of 915.28 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Emerald Resources holds a performance score of 8. The firm shows a Beta (market volatility) of 0.4, which means possible diversification benefits within a given portfolio. As returns on the market increase, Emerald Resources' returns are expected to increase less than the market. However, during the bear market, the loss of holding Emerald Resources is expected to be smaller as well. Please check Emerald Resources' coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to make a quick decision on whether Emerald Resources' price patterns will revert.
Auto-correlation | -0.57 |
Good reverse predictability
Emerald Resources NL has good reverse predictability. Overlapping area represents the amount of predictability between Emerald 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 Emerald Resources price movement. The serial correlation of -0.57 indicates that roughly 57.0% of current Emerald Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.57 | |
| Spearman Rank Test | -0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Emerald Resources lagged returns against current returns
Autocorrelation, which is Emerald Resources 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 Emerald Resources' stock expected returns. We can calculate the autocorrelation of Emerald Resources returns to help us make a trade decision. For example, suppose you find that Emerald Resources 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 |
Emerald 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 Emerald Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Emerald Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Emerald Resources stock over time.
Current vs Lagged Prices |
| Timeline |
Emerald Resources Lagged Returns
When evaluating Emerald Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Emerald Resources stock have on its future price. Emerald 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, Emerald Resources autocorrelation shows the relationship between Emerald Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Emerald Resources NL.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Emerald Stock Analysis
When running Emerald Resources' price analysis, check to measure Emerald Resources' 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 Emerald Resources is operating at the current time. Most of Emerald Resources' value examination focuses on studying past and present price action to predict the probability of Emerald Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Emerald Resources' price. Additionally, you may evaluate how the addition of Emerald Resources to your portfolios can decrease your overall portfolio volatility.