Element 29 Resources Stock Market Value
| ECU Stock | CAD 1.21 0.01 0.83% |
| Symbol | Element |
Element 29 Resources Price To Book Ratio
Element 29 '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 Element 29's 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 Element 29.
| 07/26/2025 |
| 01/22/2026 |
If you would invest 0.00 in Element 29 on July 26, 2025 and sell it all today you would earn a total of 0.00 from holding Element 29 Resources or generate 0.0% return on investment in Element 29 over 180 days. Element 29 is related to or competes with Hot Chili, Highland Copper, Minsud Resources, Gunnison Copper, Eloro Resources, Hannan Metals, and Argonaut Exploration. Element 29 Resources Inc. acquires, explores for, evaluates, and develops mineral properties in Peru More
Element 29 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 Element 29's 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 Element 29 Resources upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.29 | |||
| Information Ratio | 0.0692 | |||
| Maximum Drawdown | 12.61 | |||
| Value At Risk | (4.85) | |||
| Potential Upside | 6.25 |
Element 29 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Element 29's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Element 29's standard deviation. In reality, there are many statistical measures that can use Element 29 historical prices to predict the future Element 29's volatility.| Risk Adjusted Performance | 0.0822 | |||
| Jensen Alpha | 0.3526 | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | 0.0676 | |||
| Treynor Ratio | (0.77) |
Element 29 Resources Backtested Returns
Element 29 appears to be dangerous, given 3 months investment horizon. Element 29 Resources secures Sharpe Ratio (or Efficiency) of 0.0758, which denotes the company had a 0.0758 % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Element 29 Resources, which you can use to evaluate the volatility of the firm. Please utilize Element 29's Mean Deviation of 2.5, downside deviation of 3.29, and Coefficient Of Variation of 989.52 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Element 29 holds a performance score of 6. The firm shows a Beta (market volatility) of -0.41, 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. Please check Element 29's information ratio, downside variance, day median price, as well as the relationship between the treynor ratio and kurtosis , to make a quick decision on whether Element 29's price patterns will revert.
Auto-correlation | 0.84 |
Very good predictability
Element 29 Resources has very good predictability. Overlapping area represents the amount of predictability between Element 29 time series from 26th of July 2025 to 24th of October 2025 and 24th of October 2025 to 22nd of January 2026. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Element 29 Resources price movement. The serial correlation of 0.84 indicates that around 84.0% of current Element 29 price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.84 | |
| Spearman Rank Test | 0.61 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Element 29 Resources lagged returns against current returns
Autocorrelation, which is Element 29 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 Element 29's stock expected returns. We can calculate the autocorrelation of Element 29 returns to help us make a trade decision. For example, suppose you find that Element 29 has exhibited high autocorrelation historically, and you observe that the 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 |
| Timeline |
Element 29 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 Element 29 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Element 29 stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Element 29 stock over time.
Current vs Lagged Prices |
| Timeline |
Element 29 Lagged Returns
When evaluating Element 29's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Element 29 stock have on its future price. Element 29 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, Element 29 autocorrelation shows the relationship between Element 29 stock current value and its past values and can show if there is a momentum factor associated with investing in Element 29 Resources.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Element 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.