Eros Resources Corp Stock Market Value
| ERC Stock | CAD 0.04 0.00 0.00% |
| Symbol | Eros |
Eros 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 Eros Resources' 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 Eros Resources.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Eros Resources on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Eros Resources Corp or generate 0.0% return on investment in Eros Resources over 30 days. Eros Resources is related to or competes with First Majestic, Ivanhoe Energy, Orezone Gold, and Faraday Copper. Eros Resources Corp. engages in the identification, acquisition, exploration, and development of mineral, and oil and ga... More
Eros 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 Eros Resources' 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 Eros Resources Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.012 | |||
| Maximum Drawdown | 55.84 | |||
| Potential Upside | 11.11 |
Eros Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Eros Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Eros Resources' standard deviation. In reality, there are many statistical measures that can use Eros Resources historical prices to predict the future Eros Resources' volatility.| Risk Adjusted Performance | 0.0335 | |||
| Jensen Alpha | 0.2397 | |||
| Total Risk Alpha | (0.79) | |||
| Treynor Ratio | (0.52) |
Eros Resources Corp Backtested Returns
Eros Resources appears to be out of control, given 3 months investment horizon. Eros Resources Corp secures Sharpe Ratio (or Efficiency) of 0.0333, which denotes the company had a 0.0333% return per unit of risk over the last 3 months. We have found seventeen technical indicators for Eros Resources Corp, which you can use to evaluate the volatility of the firm. Please utilize Eros Resources' Variance of 40.26, mean deviation of 2.19, and Standard Deviation of 6.34 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Eros Resources holds a performance score of 2. The firm shows a Beta (market volatility) of -0.38, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Eros Resources are expected to decrease at a much lower rate. During the bear market, Eros Resources is likely to outperform the market. Please check Eros Resources' variance, potential upside, as well as the relationship between the Potential Upside and day median price , to make a quick decision on whether Eros Resources' price patterns will revert.
Auto-correlation | 0.00 |
No correlation between past and present
Eros Resources Corp has no correlation between past and present. Overlapping area represents the amount of predictability between Eros Resources time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 Eros Resources Corp price movement. The serial correlation of 0.0 indicates that just 0.0% of current Eros Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | -0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Eros Resources Corp lagged returns against current returns
Autocorrelation, which is Eros Resources 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 Eros Resources' stock expected returns. We can calculate the autocorrelation of Eros Resources returns to help us make a trade decision. For example, suppose you find that Eros Resources 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 |
| Timeline |
Eros 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 Eros Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Eros Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Eros Resources stock over time.
Current vs Lagged Prices |
| Timeline |
Eros Resources Lagged Returns
When evaluating Eros Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Eros Resources stock have on its future price. Eros 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, Eros Resources autocorrelation shows the relationship between Eros Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Eros Resources Corp.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Eros Stock Analysis
When running Eros Resources' price analysis, check to measure Eros Resources' 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 Eros Resources is operating at the current time. Most of Eros Resources' value examination focuses on studying past and present price action to predict the probability of Eros Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Eros Resources' price. Additionally, you may evaluate how the addition of Eros Resources to your portfolios can decrease your overall portfolio volatility.