Elemental Royalties Corp Stock Price on September 26, 2024
| ELE Stock | 1.15 0.01 0.88% |
Below is the normalized historical share price chart for Elemental Royalties Corp extending back to January 03, 2012. 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 Elemental Royalties stands at 1.15, as last reported on the 30th of November, with the highest price reaching 1.15 and the lowest price hitting 1.13 during the day.
If you're considering investing in Elemental Stock, it is important to understand the factors that can impact its price. Elemental Royalties appears to be dangerous, given 3 months investment horizon. Elemental Royalties Corp secures Sharpe Ratio (or Efficiency) of 0.0875, which denotes the company had a 0.0875% return per unit of risk over the last 3 months. We have found thirty technical indicators for Elemental Royalties Corp, which you can use to evaluate the volatility of the firm. Please utilize Elemental Royalties' Mean Deviation of 1.93, coefficient of variation of 2269.64, and Downside Deviation of 2.84 to check if our risk estimates are consistent with your expectations.
At this time, Elemental Royalties' Other Stockholder Equity is fairly stable compared to the past year. Common Stock is likely to climb to about 199.3 M in 2024, whereas Capital Stock is likely to drop slightly above 95.5 M in 2024. . At this time, Elemental Royalties' Price To Sales Ratio is fairly stable compared to the past year. Price Earnings To Growth Ratio is likely to climb to 0.69 in 2024, whereas Price Book Value Ratio is likely to drop 1.22 in 2024. Elemental Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
200 Day MA 1.1327 | 50 Day MA 1.1904 | Beta 0.533 |
Elemental |
Sharpe Ratio = 0.0875
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Estimated Market Risk
| 2.54 actual daily | 22 78% of assets are more volatile |
Expected Return
| 0.22 actual daily | 4 96% of assets have higher returns |
Risk-Adjusted Return
| 0.09 actual daily | 6 94% of assets perform better |
Based on monthly moving average Elemental Royalties is performing at about 6% of its full potential. 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 Elemental Royalties by adding it to a well-diversified portfolio.
Price Book 1.2996 | Enterprise Value Ebitda 17.4006 | Price Sales 21.0649 | Shares Float 97.9 M | Wall Street Target Price 2.0375 |
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Elemental Royalties Valuation on September 26, 2024
It is possible to determine the worth of Elemental Royalties on a given historical date. On September 26, 2024 Elemental was worth 1.21 at the beginning of the trading date compared to the closed value of 1.23. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Elemental Royalties stock. Still, in general, we apply an absolute valuation method to find Elemental Royalties' 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 Elemental Royalties where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Elemental Royalties' related companies.
| Open | High | Low | Close | Volume | |
| 1.20 | 1.23 | 1.19 | 1.19 | 57,910 | |
09/26/2024 | 1.21 | 1.23 | 1.20 | 1.23 | 47,900 |
| 1.23 | 1.23 | 1.17 | 1.21 | 28,256 |
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Elemental Royalties Trading Date Momentum on September 26, 2024
| On September 27 2024 Elemental Royalties Corp was traded for 1.21 at the closing time. The highest daily price throughout the period was 1.23 and the lowest price was 1.17 . The daily volume was 28.3 K. The net trading volume on 09/27/2024 added to the next day price reduction. The overall trading delta to closing price of the next trading day was 1.63% . The overall trading delta to current closing price is 4.88% . |
Elemental Royalties Corp Fundamentals Correlations and Trends
By evaluating Elemental Royalties' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Elemental Royalties' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Elemental financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Elemental Royalties Stock history
Elemental Royalties 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 Elemental is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Elemental Royalties Corp 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 Elemental Royalties stock prices may prove useful in developing a viable investing in Elemental Royalties
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 196 M | 205.8 M | |
| Net Loss | -16.4 M | -15.6 M |
Elemental Royalties Stock Technical Analysis
Elemental Royalties 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
Elemental Royalties Period Price Range
Low | November 30, 2024
| High |
0.00 | 0.00 |
Elemental Royalties Corp cannot be verified against its exchange. Please verify the symbol is currently traded on TSX Venture 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.
Elemental Royalties November 30, 2024 Market Strength
Market strength indicators help investors to evaluate how Elemental Royalties stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Elemental Royalties shares will generate the highest return on investment. By undertsting and applying Elemental Royalties stock market strength indicators, traders can identify Elemental Royalties Corp entry and exit signals to maximize returns
Elemental Royalties Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Elemental Royalties' price direction in advance. Along with the technical and fundamental analysis of Elemental Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Elemental 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 | 0.0407 | |||
| Jensen Alpha | 0.0826 | |||
| Total Risk Alpha | (0.33) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.6052 |
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Additional Tools for Elemental Stock Analysis
When running Elemental Royalties' price analysis, check to measure Elemental Royalties' 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 Elemental Royalties is operating at the current time. Most of Elemental Royalties' value examination focuses on studying past and present price action to predict the probability of Elemental Royalties' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Elemental Royalties' price. Additionally, you may evaluate how the addition of Elemental Royalties to your portfolios can decrease your overall portfolio volatility.