Erdene Resource Financials
| ERDCF Stock | USD 0.42 0.02 4.55% |
Erdene |
Understanding current and past Erdene Resource Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Erdene Resource's financial statements are interrelated, with each one affecting the others. For example, an increase in Erdene Resource's assets may result in an increase in income on the income statement.
Erdene Resource Stock Summary
Erdene Resource competes with Aurelia Metals, Azimut Exploration, Ivanhoe Mines, E3 Metals, and NGEx Minerals. Erdene Resource Development Corporation focuses on the acquisition, exploration, and development of precious and base mineral deposits in Mongolia. Erdene Resource Development Corporation was incorporated in 2000 and is headquartered in Dartmouth, Canada. Erdene Resource operates under Other Industrial Metals Mining classification in the United States and is traded on OTC Exchange. It employs 56 people.| Instrument | USA Pink Sheet View All |
| Exchange | PINK Exchange |
| Business Address | Metropolitan Place, Dartmouth, |
| Sector | Metals & Mining |
| Industry | Materials |
| Benchmark | Dow Jones Industrial |
| Website | www.erdene.com |
| Phone | 902 423 6419 |
| Currency | USD - US Dollar |
Erdene Resource Key Financial Ratios
There are many critical financial ratios that Erdene Resource's investors are exposed to on a daily basis, but they are usually grouped into few meaningful categories from each financial statement that Erdene Resource Deve reports annually and quarterly.Erdene Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Erdene Resource's current stock value. Our valuation model uses many indicators to compare Erdene Resource value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Erdene Resource competition to find correlations between indicators driving Erdene Resource's intrinsic value. More Info.Erdene Resource Development is rated below average in return on equity category among its peers. It is rated # 2 in return on asset category among its peers . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Erdene Resource's earnings, one of the primary drivers of an investment's value.Erdene Resource Deve Systematic Risk
Erdene Resource's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Erdene Resource volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was four with a total number of output elements of fifty-seven. The Beta measures systematic risk based on how returns on Erdene Resource Deve correlated with the market. If Beta is less than 0 Erdene Resource generally moves in the opposite direction as compared to the market. If Erdene Resource Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Erdene Resource Deve is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Erdene Resource is generally in the same direction as the market. If Beta > 1 Erdene Resource moves generally in the same direction as, but more than the movement of the benchmark.
Erdene Resource November 27, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Erdene Resource help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Erdene Resource Development. We use our internally-developed statistical techniques to arrive at the intrinsic value of Erdene Resource Development based on widely used predictive technical indicators. In general, we focus on analyzing Erdene Pink Sheet price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Erdene Resource's daily price indicators and compare them against related drivers.
| Downside Deviation | 4.05 | |||
| Information Ratio | 0.0777 | |||
| Maximum Drawdown | 18.29 | |||
| Value At Risk | (5.26) | |||
| Potential Upside | 8.11 |
Complementary Tools for Erdene Pink Sheet analysis
When running Erdene Resource's price analysis, check to measure Erdene Resource'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 Erdene Resource is operating at the current time. Most of Erdene Resource's value examination focuses on studying past and present price action to predict the probability of Erdene Resource's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Erdene Resource's price. Additionally, you may evaluate how the addition of Erdene Resource to your portfolios can decrease your overall portfolio volatility.
| Portfolio Optimization Compute new portfolio that will generate highest expected return given your specified tolerance for risk | |
| Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios | |
| Equity Analysis Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities | |
| Equity Search Search for actively traded equities including funds and ETFs from over 30 global markets | |
| Efficient Frontier Plot and analyze your portfolio and positions against risk-return landscape of the market. |