Elemental Royalties Corp Stock Market Value
| ELEMF Stock | USD 0.80 0.02 2.56% |
| Symbol | Elemental |
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' 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 Elemental Royalties.
| 01/01/2025 |
| 01/31/2025 |
If you would invest 0.00 in Elemental Royalties on January 1, 2025 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 30 days. Elemental Royalties is related to or competes with Bluestone Resources, Cabral Gold, Minera Alamos, Heliostar Metals, Osisko Gold, and Thor Explorations. Elemental Royalties Corp., a gold-focused royalty company, engages in the evaluation and acquisition of royalties 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' 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 Elemental Royalties Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 9.82 | |||
| Value At Risk | (3.66) | |||
| Potential Upside | 3.61 |
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 | (0.06) | |||
| Jensen Alpha | (0.24) | |||
| Total Risk Alpha | (0.39) | |||
| Treynor Ratio | (0.19) |
Elemental Royalties Corp Backtested Returns
Elemental Royalties Corp secures Sharpe Ratio (or Efficiency) of -0.0713, which denotes the company had a -0.0713 % return per unit of risk over the last 3 months. Elemental Royalties Corp exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Elemental Royalties' Mean Deviation of 1.56, variance of 4.5, and Standard Deviation of 2.12 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.87, which means possible diversification benefits within a given portfolio. Elemental Royalties returns are very sensitive to returns on the market. As the market goes up or down, Elemental Royalties is expected to follow. At this point, Elemental Royalties Corp has a negative expected return of -0.16%. Please make sure to confirm Elemental Royalties' information ratio, skewness, day typical price, as well as the relationship between the treynor ratio and daily balance of power , to decide if Elemental Royalties Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.38 |
Poor reverse predictability
Elemental Royalties Corp has poor reverse predictability. Overlapping area represents the amount of predictability between Elemental Royalties time series from 1st of January 2025 to 16th of January 2025 and 16th of January 2025 to 31st of January 2025. 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 -0.38 indicates that just about 38.0% of current Elemental Royalties price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.38 | |
| Spearman Rank Test | 0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Elemental Royalties Corp lagged returns against current returns
Autocorrelation, which is Elemental 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 Elemental Royalties' otc 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 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 |
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 otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Elemental 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 Elemental Royalties otc stock over time.
Current vs Lagged Prices |
| Timeline |
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 otc 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 otc 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 |
Currently Active Assets on Macroaxis
Other Information on Investing in Elemental OTC Stock
Elemental Royalties financial ratios help investors to determine whether Elemental 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 Elemental with respect to the benefits of owning Elemental Royalties security.