Ecora Resources Plc Stock Market Value
| ECRAF Stock | USD 0.81 0.05 5.81% |
| Symbol | Ecora |
Ecora Resources 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Ecora Resources' otc stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Ecora Resources.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Ecora Resources on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Ecora Resources PLC or generate 0.0% return on investment in Ecora Resources over 30 days. Ecora Resources is related to or competes with Ameriwest Lithium, and Osisko Metals. Ecora Resources PLC operates as a natural resources royalty and streaming company More
Ecora Resources Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Ecora Resources' otc stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Ecora Resources PLC upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.97 | |||
| Information Ratio | 0.0036 | |||
| Maximum Drawdown | 19.3 | |||
| Value At Risk | (5.81) | |||
| Potential Upside | 7.69 |
Ecora Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ecora Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ecora Resources' standard deviation. In reality, there are many statistical measures that can use Ecora Resources historical prices to predict the future Ecora Resources' volatility.| Risk Adjusted Performance | 0.0343 | |||
| Jensen Alpha | 0.121 | |||
| Total Risk Alpha | (0.49) | |||
| Sortino Ratio | 0.0029 | |||
| Treynor Ratio | 1.68 |
Ecora Resources PLC Backtested Returns
At this point, Ecora Resources is abnormally volatile. Ecora Resources PLC secures Sharpe Ratio (or Efficiency) of 0.011, which denotes the company had a 0.011% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Ecora Resources PLC, which you can use to evaluate the volatility of the firm. Please confirm Ecora Resources' Coefficient Of Variation of 2925.86, mean deviation of 2.92, and Downside Deviation of 4.97 to check if the risk estimate we provide is consistent with the expected return of 0.0451%. The firm shows a Beta (market volatility) of 0.0772, which means not very significant fluctuations relative to the market. As returns on the market increase, Ecora Resources' returns are expected to increase less than the market. However, during the bear market, the loss of holding Ecora Resources is expected to be smaller as well. Ecora Resources PLC right now shows a risk of 4.11%. Please confirm Ecora Resources PLC total risk alpha, downside variance, daily balance of power, as well as the relationship between the maximum drawdown and skewness , to decide if Ecora Resources PLC will be following its price patterns.
Auto-correlation | 0.17 |
Very weak predictability
Ecora Resources PLC has very weak predictability. Overlapping area represents the amount of predictability between Ecora Resources time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Ecora Resources PLC price movement. The serial correlation of 0.17 indicates that over 17.0% of current Ecora Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.17 | |
| Spearman Rank Test | 0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Ecora Resources PLC lagged returns against current returns
Autocorrelation, which is Ecora Resources otc stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Ecora Resources' otc stock expected returns. We can calculate the autocorrelation of Ecora Resources returns to help us make a trade decision. For example, suppose you find that Ecora Resources has exhibited high autocorrelation historically, and you observe that the otc stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
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Ecora Resources regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Ecora Resources otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ecora Resources otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ecora Resources otc stock over time.
Current vs Lagged Prices |
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Ecora Resources Lagged Returns
When evaluating Ecora Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ecora Resources otc stock have on its future price. Ecora Resources autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Ecora Resources autocorrelation shows the relationship between Ecora Resources otc stock current value and its past values and can show if there is a momentum factor associated with investing in Ecora Resources PLC.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Ecora OTC Stock
Ecora Resources financial ratios help investors to determine whether Ecora OTC Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Ecora with respect to the benefits of owning Ecora Resources security.