Eros Resources Corp Stock Market Value
| EROSF Stock | USD 0.04 0 11.75% |
| Symbol | Eros |
Eros 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 Eros 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 Eros Resources.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in Eros Resources on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding Eros Resources Corp or generate 0.0% return on investment in Eros Resources over 90 days. Eros Resources is related to or competes with Strategic Resources, and South Star. Eros Resources Corp. engages in the identification, acquisition, exploration, and development of mineral, and oil and ga... More
Eros 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 Eros 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 Eros Resources Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 8.46 | |||
| Information Ratio | 0.1547 | |||
| Maximum Drawdown | 61.99 | |||
| Value At Risk | (11.11) | |||
| Potential Upside | 16.61 |
Eros Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Eros Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Eros Resources' standard deviation. In reality, there are many statistical measures that can use Eros Resources historical prices to predict the future Eros Resources' volatility.| Risk Adjusted Performance | 0.1348 | |||
| Jensen Alpha | 1.24 | |||
| Total Risk Alpha | 2.57 | |||
| Sortino Ratio | 0.1751 | |||
| Treynor Ratio | (1.16) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Eros 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.
Eros Resources Corp Backtested Returns
Eros Resources is out of control given 3 months investment horizon. Eros Resources Corp secures Sharpe Ratio (or Efficiency) of 0.14, which denotes the company had a 0.14 % return per unit of risk over the last 3 months. We are able to interpolate and collect twenty-seven different technical indicators, which can help you to evaluate if expected returns of 1.38% are justified by taking the suggested risk. Use Eros Resources Downside Deviation of 8.46, coefficient of variation of 692.57, and Mean Deviation of 5.09 to evaluate company specific risk that cannot be diversified away. Eros Resources holds a performance score of 11 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -1.18, which means a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Eros Resources are expected to decrease by larger amounts. On the other hand, during market turmoil, Eros Resources is expected to outperform it. Use Eros Resources treynor ratio, as well as the relationship between the semi variance and rate of daily change , to analyze future returns on Eros Resources.
Auto-correlation | -0.12 |
Insignificant reverse predictability
Eros Resources Corp has insignificant reverse predictability. Overlapping area represents the amount of predictability between Eros 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 Eros Resources Corp price movement. The serial correlation of -0.12 indicates that less than 12.0% of current Eros Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.12 | |
| Spearman Rank Test | -0.44 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Eros Resources Corp lagged returns against current returns
Autocorrelation, which is Eros 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 Eros Resources' otc stock expected returns. We can calculate the autocorrelation of Eros Resources returns to help us make a trade decision. For example, suppose you find that Eros 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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Eros 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 Eros Resources otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Eros 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 Eros Resources otc stock over time.
Current vs Lagged Prices |
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Eros Resources Lagged Returns
When evaluating Eros Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Eros Resources otc stock have on its future price. Eros 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, Eros Resources autocorrelation shows the relationship between Eros Resources otc stock current value and its past values and can show if there is a momentum factor associated with investing in Eros Resources Corp.
Regressed Prices |
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Currently Active Assets on Macroaxis
Other Information on Investing in Eros OTC Stock
Eros Resources financial ratios help investors to determine whether Eros 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 Eros with respect to the benefits of owning Eros Resources security.