Ellington Residential Mortgage Stock Price on April 2, 2024
| EARN Stock | USD 6.73 0.12 1.75% |
Below is the normalized historical share price chart for Ellington Residential Mortgage extending back to May 01, 2013. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Ellington Residential stands at 6.73, as last reported on the 29th of November, with the highest price reaching 6.81 and the lowest price hitting 6.70 during the day.
If you're considering investing in Ellington Stock, it is important to understand the factors that can impact its price. As of now, Ellington Stock is not too volatile. Ellington Residential secures Sharpe Ratio (or Efficiency) of 0.0056, which denotes the company had a 0.0056% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Ellington Residential Mortgage, which you can use to evaluate the volatility of the firm. Please confirm Ellington Residential's Mean Deviation of 0.8406, coefficient of variation of 7426.08, and Downside Deviation of 1.09 to check if the risk estimate we provide is consistent with the expected return of 0.0063%.
At this time, Ellington Residential's Total Stockholder Equity is very stable compared to the past year. As of the 29th of November 2024, Liabilities And Stockholders Equity is likely to grow to about 1.5 B, while Common Stock Total Equity is likely to drop about 115.3 K. . At this time, Ellington Residential's Price Book Value Ratio is very stable compared to the past year. As of the 29th of November 2024, Price To Book Ratio is likely to grow to 0.90, though Price To Sales Ratio is likely to grow to (32.00). Ellington Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 1st of May 2013 | 200 Day MA 6.7791 | 50 Day MA 6.747 | Beta 1.905 |
Ellington |
Sharpe Ratio = 0.0056
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| Negative Returns | EARN |
Estimated Market Risk
| 1.14 actual daily | 10 90% of assets are more volatile |
Expected Return
| 0.01 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.01 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Ellington Residential is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Ellington Residential by adding Ellington Residential to a well-diversified portfolio.
Price Book 1.0295 | Price Sales 8.9241 | Shares Float 27.5 M | Dividend Share 0.96 | Wall Street Target Price 7.25 |
Ellington Residential Valuation on April 2, 2024
It is possible to determine the worth of Ellington Residential on a given historical date. On April 2, 2024 Ellington was worth 6.38 at the beginning of the trading date compared to the closed value of 6.44. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Ellington Residential stock. Still, in general, we apply an absolute valuation method to find Ellington Residential's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Ellington Residential where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Ellington Residential's related companies.
| Open | High | Low | Close | Volume | |
| 6.45 | 6.45 | 6.28 | 6.43 | 462,710 | |
04/02/2024 | 6.38 | 6.45 | 6.33 | 6.44 | 235,468 |
| 6.41 | 6.50 | 6.39 | 6.44 | 193,005 |
| Backtest Ellington Residential | | | Ellington Residential History | | | Ellington Residential Valuation | Previous | Next |
Ellington Residential Trading Date Momentum on April 2, 2024
| On April 03 2024 Ellington Residential Mortgage was traded for 6.44 at the closing time. The top price for the day was 6.50 and the lowest listed price was 6.39 . The trading volume for the day was 193 K. The trading history from April 3, 2024 did not affect price variability. The overall trading delta against the current closing price is 4.35% . |
Ellington Residential Fundamentals Correlations and Trends
By evaluating Ellington Residential's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Ellington Residential's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Ellington financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Ellington Residential Stock history
Ellington Residential investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Ellington is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Ellington Residential will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Ellington Residential stock prices may prove useful in developing a viable investing in Ellington Residential
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 14.9 M | 11.5 M | |
| Net Loss | -27.2 M | -25.8 M |
Ellington Residential Stock Technical Analysis
Ellington Residential 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.
Price Boundaries
Ellington Residential Period Price Range
Low | November 29, 2024
| High |
0.00 | 0.00 |
Ellington Residential Mortgage cannot be verified against its exchange. Please verify the symbol is currently traded on New York Stock Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Ellington Residential November 29, 2024 Market Strength
Market strength indicators help investors to evaluate how Ellington Residential stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Ellington Residential shares will generate the highest return on investment. By undertsting and applying Ellington Residential stock market strength indicators, traders can identify Ellington Residential Mortgage entry and exit signals to maximize returns
Ellington Residential Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Ellington Residential's price direction in advance. Along with the technical and fundamental analysis of Ellington Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Ellington to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0134 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.16) | |||
| Sortino Ratio | (0.10) | |||
| Treynor Ratio | 0.0237 |
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Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Ellington Residential Mortgage. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.
Is Mortgage Real Estate Investment Trusts (REITs) 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 Ellington Residential. If investors know Ellington 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 Ellington Residential listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.185 | Dividend Share 0.96 | Earnings Share 1.27 | Revenue Per Share (0.92) | Quarterly Revenue Growth (0.78) |
The market value of Ellington Residential is measured differently than its book value, which is the value of Ellington that is recorded on the company's balance sheet. Investors also form their own opinion of Ellington Residential's value that differs from its market value or its book value, called intrinsic value, which is Ellington Residential's 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 Ellington Residential's market value can be influenced by many factors that don't directly affect Ellington Residential's 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 Ellington Residential's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ellington Residential is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ellington Residential's 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.