Eastern Platinum Limited Stock Market Value
| ELRFF Stock | USD 0.10 0.01 9.09% |
| Symbol | Eastern |
Eastern Platinum '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 Eastern Platinum's pink sheet 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 Eastern Platinum.
| 12/23/2022 |
| 12/12/2024 |
If you would invest 0.00 in Eastern Platinum on December 23, 2022 and sell it all today you would earn a total of 0.00 from holding Eastern Platinum Limited or generate 0.0% return on investment in Eastern Platinum over 720 days. Eastern Platinum is related to or competes with Chesapeake Gold, AbraSilver Resource, GoGold Resources, Denarius Silver, SilverCrest Metals, New Pacific, and Endeavour Silver. Eastern Platinum Limited, together with its subsidiaries, engages in the mining, exploration, and development of platinu... More
Eastern Platinum 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 Eastern Platinum's pink sheet 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 Eastern Platinum Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 9.65 | |||
| Information Ratio | 0.0361 | |||
| Maximum Drawdown | 36.67 | |||
| Value At Risk | (8.33) | |||
| Potential Upside | 11.11 |
Eastern Platinum Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Eastern Platinum's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Eastern Platinum's standard deviation. In reality, there are many statistical measures that can use Eastern Platinum historical prices to predict the future Eastern Platinum's volatility.| Risk Adjusted Performance | 0.0492 | |||
| Jensen Alpha | 0.3433 | |||
| Total Risk Alpha | (0.65) | |||
| Sortino Ratio | 0.0235 | |||
| Treynor Ratio | (23.24) |
Eastern Platinum Backtested Returns
At this point, Eastern Platinum is out of control. Eastern Platinum secures Sharpe Ratio (or Efficiency) of 0.0305, which denotes the company had a 0.0305% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Eastern Platinum Limited, which you can use to evaluate the volatility of the firm. Please confirm Eastern Platinum's Downside Deviation of 9.65, mean deviation of 3.76, and Coefficient Of Variation of 1788.43 to check if the risk estimate we provide is consistent with the expected return of 0.19%. Eastern Platinum has a performance score of 2 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.0147, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Eastern Platinum are expected to decrease at a much lower rate. During the bear market, Eastern Platinum is likely to outperform the market. Eastern Platinum right now shows a risk of 6.29%. Please confirm Eastern Platinum treynor ratio, expected short fall, day typical price, as well as the relationship between the potential upside and daily balance of power , to decide if Eastern Platinum will be following its price patterns.
Auto-correlation | -0.31 |
Poor reverse predictability
Eastern Platinum Limited has poor reverse predictability. Overlapping area represents the amount of predictability between Eastern Platinum time series from 23rd of December 2022 to 18th of December 2023 and 18th of December 2023 to 12th of December 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 Eastern Platinum price movement. The serial correlation of -0.31 indicates that nearly 31.0% of current Eastern Platinum price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.31 | |
| Spearman Rank Test | 0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Eastern Platinum lagged returns against current returns
Autocorrelation, which is Eastern Platinum pink sheet'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 Eastern Platinum's pink sheet expected returns. We can calculate the autocorrelation of Eastern Platinum returns to help us make a trade decision. For example, suppose you find that Eastern Platinum has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Eastern Platinum 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 Eastern Platinum pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Eastern Platinum pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Eastern Platinum pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Eastern Platinum Lagged Returns
When evaluating Eastern Platinum's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Eastern Platinum pink sheet have on its future price. Eastern Platinum 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, Eastern Platinum autocorrelation shows the relationship between Eastern Platinum pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Eastern Platinum Limited.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Eastern Pink Sheet
Eastern Platinum financial ratios help investors to determine whether Eastern Pink Sheet 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 Eastern with respect to the benefits of owning Eastern Platinum security.