Electric Royalties Stock Market Value
| ELECF Stock | USD 0.12 0.02 14.29% |
| Symbol | Electric |
Electric 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 Electric Royalties' 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 Electric Royalties.
| 11/30/2023 |
| 11/24/2024 |
If you would invest 0.00 in Electric Royalties on November 30, 2023 and sell it all today you would earn a total of 0.00 from holding Electric Royalties or generate 0.0% return on investment in Electric Royalties over 360 days. Electric Royalties is related to or competes with Mundoro Capital. Electric Royalties Ltd. focuses on acquiring royalties in mines and projects More
Electric 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 Electric Royalties' 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 Electric Royalties upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 10.53 | |||
| Information Ratio | (0.0004) | |||
| Maximum Drawdown | 41.56 | |||
| Value At Risk | (13.33) | |||
| Potential Upside | 15.38 |
Electric Royalties Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Electric Royalties' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Electric Royalties' standard deviation. In reality, there are many statistical measures that can use Electric Royalties historical prices to predict the future Electric Royalties' volatility.| Risk Adjusted Performance | 0.0204 | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (1.24) | |||
| Sortino Ratio | (0.0004) | |||
| Treynor Ratio | 0.0726 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Electric Royalties' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Electric Royalties Backtested Returns
At this point, Electric Royalties is out of control. Electric Royalties secures Sharpe Ratio (or Efficiency) of 0.014, which denotes the company had a 0.014% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Electric Royalties, which you can use to evaluate the volatility of the firm. Please confirm Electric Royalties' Downside Deviation of 10.53, coefficient of variation of 6796.35, and Mean Deviation of 6.01 to check if the risk estimate we provide is consistent with the expected return of 0.12%. Electric Royalties has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 1.61, which means a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Electric Royalties will likely underperform. Electric Royalties right now shows a risk of 8.55%. Please confirm Electric Royalties coefficient of variation, maximum drawdown, skewness, as well as the relationship between the total risk alpha and downside variance , to decide if Electric Royalties will be following its price patterns.
Auto-correlation | 0.19 |
Very weak predictability
Electric Royalties has very weak predictability. Overlapping area represents the amount of predictability between Electric Royalties time series from 30th of November 2023 to 28th of May 2024 and 28th of May 2024 to 24th 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 Electric Royalties price movement. The serial correlation of 0.19 indicates that over 19.0% of current Electric Royalties price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.19 | |
| Spearman Rank Test | 0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Electric Royalties lagged returns against current returns
Autocorrelation, which is Electric Royalties 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 Electric Royalties' otc stock expected returns. We can calculate the autocorrelation of Electric Royalties returns to help us make a trade decision. For example, suppose you find that Electric Royalties 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 |
| Timeline |
Electric 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 Electric Royalties otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Electric Royalties otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Electric Royalties otc stock over time.
Current vs Lagged Prices |
| Timeline |
Electric Royalties Lagged Returns
When evaluating Electric Royalties' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Electric Royalties otc stock have on its future price. Electric 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, Electric Royalties autocorrelation shows the relationship between Electric Royalties otc stock current value and its past values and can show if there is a momentum factor associated with investing in Electric Royalties.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Electric OTC Stock
Electric Royalties financial ratios help investors to determine whether Electric 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 Electric with respect to the benefits of owning Electric Royalties security.