Eloro Resources Stock Price on September 4, 2024

ELRRF Stock  USD 0.59  0.02  3.28%   
If you're considering investing in Eloro OTC Stock, it is important to understand the factors that can impact its price. As of today, the current price of Eloro Resources stands at 0.59, as last reported on the 24th of November, with the highest price reaching 0.62 and the lowest price hitting 0.59 during the day. Eloro Resources secures Sharpe Ratio (or Efficiency) of -0.0565, which denotes the company had a -0.0565% return per unit of risk over the last 3 months. Eloro Resources exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Eloro Resources' Mean Deviation of 3.06, standard deviation of 4.93, and Variance of 24.35 to check the risk estimate we provide.
  
Eloro OTC Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.0565

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Estimated Market Risk

 4.91
  actual daily
43
57% of assets are more volatile

Expected Return

 -0.28
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.06
  actual daily
0
Most of other assets perform better
Based on monthly moving average Eloro Resources 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 Eloro Resources by adding Eloro Resources to a well-diversified portfolio.

Eloro Resources Valuation on September 4, 2024

It is possible to determine the worth of Eloro Resources on a given historical date. On September 4, 2024 Eloro was worth 0.68 at the beginning of the trading date compared to the closed value of 0.67. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Eloro Resources otc stock. Still, in general, we apply an absolute valuation method to find Eloro Resources' 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 Eloro Resources where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Eloro Resources' related companies.
 Open High Low Close Volume
  0.70    0.70    0.67    0.68    33,809  
09/04/2024
  0.68    0.68    0.67    0.67    10,300  
  0.67    0.67    0.65    0.65    41,100  
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Open Value
0.68
0.67
Closing Value
15.41
Upside

Eloro Resources Trading Date Momentum on September 4, 2024

On September 05 2024 Eloro Resources was traded for  0.65  at the closing time. The highest daily price throughout the period was 0.67  and the lowest price was  0.65 . The daily volume was 41.1 K. The net trading volume on 09/05/2024 added to the next day price reduction. The overall trading delta to closing price of the next trading day was 2.99% . The overall trading delta to current closing price is 17.91% .

Eloro Resources Fundamentals Correlations and Trends

By evaluating Eloro Resources' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Eloro Resources' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Eloro financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Eloro Resources OTC Stock history

Eloro Resources 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 Eloro is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Eloro Resources 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 Eloro Resources stock prices may prove useful in developing a viable investing in Eloro Resources
Eloro Resources Ltd. engages in the exploration and development of mineral properties. Eloro Resources Ltd. was incorporated in 1975 and is headquartered in Toronto, Canada. Eloro Resources operates under Gold classification in the United States and is traded on OTC Exchange.

Eloro Resources OTC Stock Technical Analysis

Eloro Resources technical otc 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, otc market cycles, or different charting patterns.
A focus of Eloro Resources technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Eloro Resources trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Eloro Resources Period Price Range

Low
November 24, 2024
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High

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Eloro Resources cannot be verified against its exchange. Please verify the symbol is currently traded on OTCQX 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.

Eloro Resources November 24, 2024 Market Strength

Market strength indicators help investors to evaluate how Eloro Resources otc stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Eloro Resources shares will generate the highest return on investment. By undertsting and applying Eloro Resources otc stock market strength indicators, traders can identify Eloro Resources entry and exit signals to maximize returns

Eloro Resources Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Eloro Resources' price direction in advance. Along with the technical and fundamental analysis of Eloro OTC Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Eloro 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.

Complementary Tools for Eloro OTC Stock analysis

When running Eloro Resources' price analysis, check to measure Eloro Resources' 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 Eloro Resources is operating at the current time. Most of Eloro Resources' value examination focuses on studying past and present price action to predict the probability of Eloro Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Eloro Resources' price. Additionally, you may evaluate how the addition of Eloro Resources to your portfolios can decrease your overall portfolio volatility.
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