Element 29 Resources Stock Performance
| EMTRF Stock | USD 0.38 0.03 8.57% |
Element 29 holds a performance score of 14 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -0.55, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Element 29 are expected to decrease at a much lower rate. During the bear market, Element 29 is likely to outperform the market. Use Element 29 jensen alpha and the relationship between the value at risk and day median price , to analyze future returns on Element 29.
Risk-Adjusted Performance
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Compared to the overall equity markets, risk-adjusted returns on investments in Element 29 Resources are ranked lower than 14 (%) of all global equities and portfolios over the last 90 days. Despite nearly weak basic indicators, Element 29 reported solid returns over the last few months and may actually be approaching a breakup point. ...more
| Begin Period Cash Flow | 6.2 M | |
| Total Cashflows From Investing Activities | -3.2 M |
Element |
Element 29 Relative Risk vs. Return Landscape
If you would invest 21.00 in Element 29 Resources on August 30, 2024 and sell it today you would earn a total of 17.00 from holding Element 29 Resources or generate 80.95% return on investment over 90 days. Element 29 Resources is currently producing 1.1108% returns and takes up 5.9431% volatility of returns over 90 trading days. Put another way, 52% of traded otc stocks are less volatile than Element, and 78% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Element 29 Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Element 29's investment risk. Standard deviation is the most common way to measure market volatility of otc stocks, such as Element 29 Resources, and traders can use it to determine the average amount a Element 29's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.1869
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Estimated Market Risk
| 5.94 actual daily | 52 52% of assets are less volatile |
Expected Return
| 1.11 actual daily | 22 78% of assets have higher returns |
Risk-Adjusted Return
| 0.19 actual daily | 14 86% of assets perform better |
Based on monthly moving average Element 29 is performing at about 14% 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 Fundamentals Growth
Element OTC Stock prices reflect investors' perceptions of the future prospects and financial health of Element 29, and Element 29 fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Element OTC Stock performance.
| Return On Equity | -0.28 | |||
| Return On Asset | -0.14 | |||
| Current Valuation | 8.77 M | |||
| Shares Outstanding | 86.97 M | |||
| Price To Book | 0.93 X | |||
| EBITDA | (2.9 M) | |||
| Cash And Equivalents | 3.35 M | |||
| Cash Per Share | 0.04 X | |||
| Total Debt | 40 K | |||
| Debt To Equity | 0 % | |||
| Book Value Per Share | 0.19 X | |||
| Cash Flow From Operations | (2.01 M) | |||
| Earnings Per Share | (0.04) X | |||
| Total Asset | 17.8 M | |||
About Element 29 Performance
By analyzing Element 29's fundamental ratios, stakeholders can gain valuable insights into Element 29's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Element 29 has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Element 29 has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
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.Things to note about Element 29 Resources performance evaluation
Checking the ongoing alerts about Element 29 for important developments is a great way to find new opportunities for your next move. OTC Stock alerts and notifications screener for Element 29 Resources help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Element 29 Resources is way too risky over 90 days horizon | |
| Element 29 Resources has some characteristics of a very speculative penny stock | |
| Element 29 Resources appears to be risky and price may revert if volatility continues | |
| Element 29 Resources has high likelihood to experience some financial distress in the next 2 years | |
| Net Loss for the year was (2.91 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Element 29 Resources has accumulated about 3.35 M in cash with (2.01 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.04. | |
| Roughly 21.0% of the company shares are held by company insiders |
- Analyzing Element 29's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Element 29's stock is overvalued or undervalued compared to its peers.
- Examining Element 29's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Element 29's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Element 29's management team can help you assess the OTC Stock's leadership.
- Pay attention to analyst opinions and ratings of Element 29's otc stock. These opinions can provide insight into Element 29's potential for growth and whether the stock is currently undervalued or overvalued.
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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