Erdene Resource Development Stock Alpha and Beta Analysis
| ERD Stock | CAD 0.59 0.02 3.28% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Erdene Resource Development. It also helps investors analyze the systematic and unsystematic risks associated with investing in Erdene Resource over a specified time horizon. Remember, high Erdene Resource's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to Erdene Resource's market risk premium analysis include:
Beta (0.27) | Alpha 0.57 | Risk 3.88 | Sharpe Ratio 0.1 | Expected Return 0.4 |
Erdene Resource Quarterly Cash And Equivalents |
|
Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
Erdene |
Erdene Resource Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Erdene Resource market risk premium is the additional return an investor will receive from holding Erdene Resource long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Erdene Resource. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Erdene Resource's performance over market.| α | 0.57 | β | -0.27 |
Erdene Resource expected buy-and-hold returns
Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Erdene Resource's Buy-and-hold return. Our buy-and-hold chart shows how Erdene Resource performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Erdene Resource Market Price Analysis
Market price analysis indicators help investors to evaluate how Erdene Resource stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Erdene Resource shares will generate the highest return on investment. By understating and applying Erdene Resource stock market price indicators, traders can identify Erdene Resource position entry and exit signals to maximize returns.
Erdene Resource Return and Market Media
The median price of Erdene Resource for the period between Sat, Sep 14, 2024 and Fri, Dec 13, 2024 is 0.62 with a coefficient of variation of 12.13. The daily time series for the period is distributed with a sample standard deviation of 0.08, arithmetic mean of 0.62, and mean deviation of 0.06. The Stock received substential amount of media coverage during this period. Price Growth (%) |
| Timeline |
1 | Erdene Announces Promising Gold Project Progress - TipRanks | 09/25/2024 |
2 | Erdene Resources Reports Bayan Khundii Mine Progress - TipRanks | 11/14/2024 |
3 | Erdene Resource Development EBIT per Share -0.01 - GuruFocus.com | 11/21/2024 |
4 | Erdene Resource Development Corp. - Baystreet.ca | 12/10/2024 |
About Erdene Resource Beta and Alpha
For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Erdene or other stocks. Alpha measures the amount that position in Erdene Resource Deve has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
| 2023 | 2024 (projected) | Days Sales Outstanding | 115.47 | 109.69 | PTB Ratio | 2.09 | 2.5 |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Erdene Resource in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Erdene Resource's short interest history, or implied volatility extrapolated from Erdene Resource options trading.
Build Portfolio with Erdene Resource
Your optimized portfolios are the building block of your wealth. We provide an intuitive interface to determine which securities in a portfolio should be removed or rebalanced to achieve better diversification, find the right mix of securities that minimizes portfolio risk for a given return, or maximize portfolio expected return for a given risk level.Build Diversified Portfolios
Align your risk with return expectations
Other Information on Investing in Erdene Stock
Erdene Resource financial ratios help investors to determine whether Erdene 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 Erdene with respect to the benefits of owning Erdene Resource security.