Erf Wireless Stock Market Value
| ERFB Stock | USD 0.0001 0.00 0.00% |
| Symbol | Erf |
Is Stock 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 Erf Wireless. If investors know Erf 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 Erf Wireless 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 Erf Wireless is measured differently than its book value, which is the value of Erf that is recorded on the company's balance sheet. Investors also form their own opinion of Erf Wireless' value that differs from its market value or its book value, called intrinsic value, which is Erf Wireless' 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 Erf Wireless' market value can be influenced by many factors that don't directly affect Erf Wireless' 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 Erf Wireless' value and its price as these two are different measures arrived at by different means. Investors typically determine if Erf Wireless is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Erf Wireless' 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.
Erf Wireless '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 Erf Wireless' 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 Erf Wireless.
| 12/21/2024 |
| 01/20/2025 |
If you would invest 0.00 in Erf Wireless on December 21, 2024 and sell it all today you would earn a total of 0.00 from holding Erf Wireless or generate 0.0% return on investment in Erf Wireless over 30 days. Erf Wireless is related to or competes with Verra Mobility, Old Dominion, Coty, Ryanair Holdings, TFI International, NetEase, and Canlan Ice. ERF Wireless, Inc. provides wireless broadband access solutions for the energy industry in North America More
Erf Wireless 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 Erf Wireless' 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 Erf Wireless upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.1115 | |||
| Maximum Drawdown | 1099.89 |
Erf Wireless Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Erf Wireless' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Erf Wireless' standard deviation. In reality, there are many statistical measures that can use Erf Wireless historical prices to predict the future Erf Wireless' volatility.| Risk Adjusted Performance | 0.1034 | |||
| Jensen Alpha | 14.52 | |||
| Total Risk Alpha | 11.09 | |||
| Treynor Ratio | (0.60) |
Erf Wireless Backtested Returns
Erf Wireless is out of control given 3 months investment horizon. Erf Wireless 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 were able to analyze and collect data for seventeen different technical indicators, which can help you to evaluate if expected returns of 14.29% are justified by taking the suggested risk. Use Erf Wireless Variance of 15830.44, standard deviation of 125.82, and Mean Deviation of 30.81 to evaluate company specific risk that cannot be diversified away. Erf Wireless holds a performance score of 8 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -23.48, which means a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Erf Wireless are expected to decrease by larger amounts. On the other hand, during market turmoil, Erf Wireless is expected to outperform it. Use Erf Wireless variance and the relationship between the maximum drawdown and relative strength index , to analyze future returns on Erf Wireless.
Auto-correlation | 0.00 |
No correlation between past and present
Erf Wireless has no correlation between past and present. Overlapping area represents the amount of predictability between Erf Wireless time series from 21st of December 2024 to 5th of January 2025 and 5th of January 2025 to 20th 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 Erf Wireless price movement. The serial correlation of 0.0 indicates that just 0.0% of current Erf Wireless price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.96 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Erf Wireless lagged returns against current returns
Autocorrelation, which is Erf Wireless 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 Erf Wireless' stock expected returns. We can calculate the autocorrelation of Erf Wireless returns to help us make a trade decision. For example, suppose you find that Erf Wireless 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 |
Erf Wireless 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 Erf Wireless stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Erf Wireless stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Erf Wireless stock over time.
Current vs Lagged Prices |
| Timeline |
Erf Wireless Lagged Returns
When evaluating Erf Wireless' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Erf Wireless stock have on its future price. Erf Wireless 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, Erf Wireless autocorrelation shows the relationship between Erf Wireless stock current value and its past values and can show if there is a momentum factor associated with investing in Erf Wireless.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Erf Wireless offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Erf Wireless' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Erf Wireless Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Erf Wireless Stock:Check out Erf Wireless Correlation, Erf Wireless Volatility and Erf Wireless Alpha and Beta module to complement your research on Erf Wireless. For information on how to trade Erf Stock refer to our How to Trade Erf Stock guide.You can also try the Content Syndication module to quickly integrate customizable finance content to your own investment portal.
Erf Wireless 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.