Elemental Royalties Corp Stock Market Value
| ELE Stock | 1.15 0.01 0.88% |
| Symbol | Elemental |
Elemental Royalties Corp Price To Book Ratio
Elemental Royalties '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 Elemental Royalties' 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 Elemental Royalties.
| 03/05/2024 |
| 11/30/2024 |
If you would invest 0.00 in Elemental Royalties on March 5, 2024 and sell it all today you would earn a total of 0.00 from holding Elemental Royalties Corp or generate 0.0% return on investment in Elemental Royalties over 270 days. Elemental Royalties is related to or competes with Empress Royalty, Sailfish Royalty, Orogen Royalties, and Metalla Royalty. Elemental Royalties is entity of Canada. It is traded as Stock on V exchange. More
Elemental Royalties 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 Elemental Royalties' 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 Elemental Royalties Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.84 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 15.54 | |||
| Value At Risk | (3.67) | |||
| Potential Upside | 3.36 |
Elemental Royalties Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Elemental Royalties' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Elemental Royalties' standard deviation. In reality, there are many statistical measures that can use Elemental Royalties historical prices to predict the future Elemental Royalties' volatility.| Risk Adjusted Performance | 0.0407 | |||
| Jensen Alpha | 0.0826 | |||
| Total Risk Alpha | (0.33) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.6052 |
Elemental Royalties Corp Backtested Returns
Elemental Royalties appears to be dangerous, given 3 months investment horizon. Elemental Royalties Corp secures Sharpe Ratio (or Efficiency) of 0.0875, which denotes the company had a 0.0875% return per unit of risk over the last 3 months. We have found thirty technical indicators for Elemental Royalties Corp, which you can use to evaluate the volatility of the firm. Please utilize Elemental Royalties' Coefficient Of Variation of 2269.64, mean deviation of 1.93, and Downside Deviation of 2.84 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Elemental Royalties holds a performance score of 6. The firm shows a Beta (market volatility) of 0.17, which means not very significant fluctuations relative to the market. As returns on the market increase, Elemental Royalties' returns are expected to increase less than the market. However, during the bear market, the loss of holding Elemental Royalties is expected to be smaller as well. Please check Elemental Royalties' downside variance, day median price, and the relationship between the treynor ratio and kurtosis , to make a quick decision on whether Elemental Royalties' price patterns will revert.
Auto-correlation | -0.22 |
Weak reverse predictability
Elemental Royalties Corp has weak reverse predictability. Overlapping area represents the amount of predictability between Elemental Royalties time series from 5th of March 2024 to 18th of July 2024 and 18th of July 2024 to 30th 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 Elemental Royalties Corp price movement. The serial correlation of -0.22 indicates that over 22.0% of current Elemental Royalties price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.22 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Elemental Royalties Corp lagged returns against current returns
Autocorrelation, which is Elemental Royalties 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 Elemental Royalties' stock expected returns. We can calculate the autocorrelation of Elemental Royalties returns to help us make a trade decision. For example, suppose you find that Elemental Royalties 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 |
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Elemental Royalties 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 Elemental Royalties stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Elemental Royalties stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Elemental Royalties stock over time.
Current vs Lagged Prices |
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Elemental Royalties Lagged Returns
When evaluating Elemental Royalties' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Elemental Royalties stock have on its future price. Elemental Royalties 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, Elemental Royalties autocorrelation shows the relationship between Elemental Royalties stock current value and its past values and can show if there is a momentum factor associated with investing in Elemental Royalties Corp.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Elemental Stock Analysis
When running Elemental Royalties' price analysis, check to measure Elemental Royalties' 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 Elemental Royalties is operating at the current time. Most of Elemental Royalties' value examination focuses on studying past and present price action to predict the probability of Elemental Royalties' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Elemental Royalties' price. Additionally, you may evaluate how the addition of Elemental Royalties to your portfolios can decrease your overall portfolio volatility.