Emerita Resources Corp Stock Market Value
| EMOTF Stock | USD 0.47 0.04 9.30% |
| Symbol | Emerita |
Emerita Resources '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 Emerita Resources' 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 Emerita Resources.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Emerita Resources on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Emerita Resources Corp or generate 0.0% return on investment in Emerita Resources over 30 days. Emerita Resources is related to or competes with ATT, Merck, Disney, Caterpillar, Procter Gamble, and JPMorgan Chase. Emerita Resources Corp., a natural resource company, engages in the acquisition, exploration, and development of mineral... More
Emerita Resources 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 Emerita Resources' 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 Emerita Resources Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.78 | |||
| Information Ratio | (0) | |||
| Maximum Drawdown | 19.46 | |||
| Value At Risk | (4.44) | |||
| Potential Upside | 7.32 |
Emerita Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Emerita Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Emerita Resources' standard deviation. In reality, there are many statistical measures that can use Emerita Resources historical prices to predict the future Emerita Resources' volatility.| Risk Adjusted Performance | 0.0353 | |||
| Jensen Alpha | 0.0464 | |||
| Total Risk Alpha | (0.48) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | 0.2104 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Emerita Resources' 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.
Emerita Resources Corp Backtested Returns
At this point, Emerita Resources is abnormally volatile. Emerita Resources Corp secures Sharpe Ratio (or Efficiency) of 0.0267, which denotes the company had a 0.0267% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Emerita Resources Corp, which you can use to evaluate the volatility of the firm. Please confirm Emerita Resources' Mean Deviation of 2.52, downside deviation of 3.78, and Coefficient Of Variation of 2789.71 to check if the risk estimate we provide is consistent with the expected return of 0.094%. Emerita Resources has a performance score of 2 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.56, which means possible diversification benefits within a given portfolio. As returns on the market increase, Emerita Resources' returns are expected to increase less than the market. However, during the bear market, the loss of holding Emerita Resources is expected to be smaller as well. Emerita Resources Corp right now shows a risk of 3.52%. Please confirm Emerita Resources Corp jensen alpha and the relationship between the value at risk and day typical price , to decide if Emerita Resources Corp will be following its price patterns.
Auto-correlation | 0.02 |
Virtually no predictability
Emerita Resources Corp has virtually no predictability. Overlapping area represents the amount of predictability between Emerita Resources time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st 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 Emerita Resources Corp price movement. The serial correlation of 0.02 indicates that only 2.0% of current Emerita Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.02 | |
| Spearman Rank Test | 0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Emerita Resources Corp lagged returns against current returns
Autocorrelation, which is Emerita Resources 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 Emerita Resources' otc stock expected returns. We can calculate the autocorrelation of Emerita Resources returns to help us make a trade decision. For example, suppose you find that Emerita Resources 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 |
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Emerita Resources 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 Emerita Resources otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Emerita Resources otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Emerita Resources otc stock over time.
Current vs Lagged Prices |
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Emerita Resources Lagged Returns
When evaluating Emerita Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Emerita Resources otc stock have on its future price. Emerita Resources 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, Emerita Resources autocorrelation shows the relationship between Emerita Resources otc stock current value and its past values and can show if there is a momentum factor associated with investing in Emerita Resources Corp.
Regressed Prices |
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Currently Active Assets on Macroaxis
Other Information on Investing in Emerita OTC Stock
Emerita Resources financial ratios help investors to determine whether Emerita 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 Emerita with respect to the benefits of owning Emerita Resources security.