Elcora Advanced Materials Stock Market Value
| ERA Stock | CAD 0.01 0.01 25.00% |
| Symbol | Elcora |
Elcora Advanced Materials Price To Book Ratio
Elcora Advanced '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 Elcora Advanced's 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 Elcora Advanced.
| 01/12/2023 |
| 01/01/2025 |
If you would invest 0.00 in Elcora Advanced on January 12, 2023 and sell it all today you would earn a total of 0.00 from holding Elcora Advanced Materials or generate 0.0% return on investment in Elcora Advanced over 720 days. Elcora Advanced is related to or competes with Lundin Gold, Solaris Resources, Ascot Resources, IShares Canadian, PHN Multi, M Split, and Altagas Cum. Elcora Advanced Materials Corp., a graphite and graphene company, mines, processes, and refines graphite and graphene More
Elcora Advanced 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 Elcora Advanced's 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 Elcora Advanced Materials upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 25.58 | |||
| Information Ratio | 0.0219 | |||
| Maximum Drawdown | 58.33 | |||
| Value At Risk | (25.00) | |||
| Potential Upside | 33.33 |
Elcora Advanced Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Elcora Advanced's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Elcora Advanced's standard deviation. In reality, there are many statistical measures that can use Elcora Advanced historical prices to predict the future Elcora Advanced's volatility.| Risk Adjusted Performance | 0.0277 | |||
| Jensen Alpha | 0.2665 | |||
| Total Risk Alpha | 0.2553 | |||
| Sortino Ratio | 0.0104 | |||
| Treynor Ratio | 0.1689 |
Elcora Advanced Materials Backtested Returns
Elcora Advanced appears to be out of control, given 3 months investment horizon. Elcora Advanced Materials secures Sharpe Ratio (or Efficiency) of 0.0237, which denotes the company had a 0.0237% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for Elcora Advanced Materials, which you can use to evaluate the volatility of the firm. Please utilize Elcora Advanced's Downside Deviation of 25.58, semi deviation of 8.14, and Mean Deviation of 5.51 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Elcora Advanced holds a performance score of 1. The firm shows a Beta (market volatility) of 1.59, which means a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Elcora Advanced will likely underperform. Please check Elcora Advanced's potential upside, rate of daily change, and the relationship between the sortino ratio and skewness , to make a quick decision on whether Elcora Advanced's price patterns will revert.
Auto-correlation | 0.74 |
Good predictability
Elcora Advanced Materials has good predictability. Overlapping area represents the amount of predictability between Elcora Advanced time series from 12th of January 2023 to 7th of January 2024 and 7th of January 2024 to 1st of January 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 Elcora Advanced Materials price movement. The serial correlation of 0.74 indicates that around 74.0% of current Elcora Advanced price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.74 | |
| Spearman Rank Test | 0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Elcora Advanced Materials lagged returns against current returns
Autocorrelation, which is Elcora Advanced 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 Elcora Advanced's stock expected returns. We can calculate the autocorrelation of Elcora Advanced returns to help us make a trade decision. For example, suppose you find that Elcora Advanced 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 |
Elcora Advanced 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 Elcora Advanced stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Elcora Advanced stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Elcora Advanced stock over time.
Current vs Lagged Prices |
| Timeline |
Elcora Advanced Lagged Returns
When evaluating Elcora Advanced's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Elcora Advanced stock have on its future price. Elcora Advanced 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, Elcora Advanced autocorrelation shows the relationship between Elcora Advanced stock current value and its past values and can show if there is a momentum factor associated with investing in Elcora Advanced Materials.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Elcora Stock Analysis
When running Elcora Advanced's price analysis, check to measure Elcora Advanced's 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 Elcora Advanced is operating at the current time. Most of Elcora Advanced's value examination focuses on studying past and present price action to predict the probability of Elcora Advanced's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Elcora Advanced's price. Additionally, you may evaluate how the addition of Elcora Advanced to your portfolios can decrease your overall portfolio volatility.