Element 29 Resources Stock Price on May 4, 2023
| EMTRF Stock | USD 0.40 0.03 8.11% |
If you're considering investing in Element OTC Stock, it is important to understand the factors that can impact its price. As of today, the current price of Element 29 stands at 0.40, as last reported on the 1st of December, with the highest price reaching 0.43 and the lowest price hitting 0.37 during the day. Element 29 is out of control given 3 months investment horizon. Element 29 Resources secures Sharpe Ratio (or Efficiency) of 0.2, which denotes the company had a 0.2% return per unit of risk over the last 3 months. We were able to interpolate data for thirty different technical indicators, which can help you to evaluate if expected returns of 1.16% are justified by taking the suggested risk. Use Element 29 Coefficient Of Variation of 515.08, downside deviation of 6.32, and Mean Deviation of 3.95 to evaluate company specific risk that cannot be diversified away.
Element OTC Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Element |
Sharpe Ratio = 0.1957
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Estimated Market Risk
| 5.93 actual daily | 52 52% of assets are less volatile |
Expected Return
| 1.16 actual daily | 23 77% of assets have higher returns |
Risk-Adjusted Return
| 0.2 actual daily | 15 85% of assets perform better |
Based on monthly moving average Element 29 is performing at about 15% 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 Element 29 by adding it to a well-diversified portfolio.
Element 29 Valuation on May 4, 2023
It is possible to determine the worth of Element 29 on a given historical date. On May 4, 2023 Element was worth 0.16 at the beginning of the trading date compared to the closed value of 0.16. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Element 29 otc stock. Still, in general, we apply an absolute valuation method to find Element 29'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 Element 29 where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Element 29's related companies.
| Open | High | Low | Close | Volume | |
| 0.16 | 0.16 | 0.16 | 0.16 | 8,500 | |
05/04/2023 | 0.16 | 0.16 | 0.16 | 0.16 | 1.00 |
| 0.16 | 0.16 | 0.16 | 0.16 | 1,000.00 |
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Element 29 Trading Date Momentum on May 4, 2023
| On May 05 2023 Element 29 Resources was traded for 0.16 at the closing time. The highest daily price throughout the period was 0.16 and the lowest price was 0.16 . The daily volume was 1000. The net trading volume on 05/05/2023 did not affect price variability. The overall trading delta to current closing price is 6.25% . |
Element 29 Resources Fundamentals Correlations and Trends
By evaluating Element 29'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 Element 29's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Element financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Element 29 OTC Stock history
Element 29 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 Element is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Element 29 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 Element 29 stock prices may prove useful in developing a viable investing in Element 29
Element 29 Resources Inc. acquires, explores for, evaluates, and develops mineral properties in Peru. Element 29 Resources Inc. was incorporated in 2017 and is headquartered in Vancouver, Canada. Element 29 operates under Copper classification in the United States and is traded on OTC Exchange.
Element 29 OTC Stock Technical Analysis
Element 29 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.
Price Boundaries
Element 29 Period Price Range
Low | December 1, 2024
| High |
0.00 | 0.00 |
Element 29 Resources cannot be verified against its exchange. Please verify the symbol is currently traded on OTCQB 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.
Element 29 December 1, 2024 Market Strength
Market strength indicators help investors to evaluate how Element 29 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 Element 29 shares will generate the highest return on investment. By undertsting and applying Element 29 otc stock market strength indicators, traders can identify Element 29 Resources entry and exit signals to maximize returns
Element 29 Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Element 29's price direction in advance. Along with the technical and fundamental analysis of Element OTC Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Element 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 | 0.1571 | |||
| Jensen Alpha | 1.18 | |||
| Total Risk Alpha | 0.1503 | |||
| Sortino Ratio | 0.1592 | |||
| Treynor Ratio | (3.42) |
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| Volume Indicators |
Complementary Tools for Element OTC Stock analysis
When running Element 29's price analysis, check to measure Element 29'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 Element 29 is operating at the current time. Most of Element 29's value examination focuses on studying past and present price action to predict the probability of Element 29's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Element 29's price. Additionally, you may evaluate how the addition of Element 29 to your portfolios can decrease your overall portfolio volatility.
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