Erdene Resource Development Stock Market Value
| ERDCF Stock | USD 0.43 0.01 2.38% |
| Symbol | Erdene |
Erdene Resource '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 Erdene Resource'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 Erdene Resource.
| 11/02/2024 |
| 12/02/2024 |
If you would invest 0.00 in Erdene Resource on November 2, 2024 and sell it all today you would earn a total of 0.00 from holding Erdene Resource Development or generate 0.0% return on investment in Erdene Resource over 30 days. Erdene Resource is related to or competes with Atlas Corp, PureCycle Technologies, and GCM Grosvenor. Erdene Resource Development Corporation focuses on the acquisition, exploration, and development of precious and base mi... More
Erdene Resource 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 Erdene Resource'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 Erdene Resource Development upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.09 | |||
| Information Ratio | 0.0965 | |||
| Maximum Drawdown | 18.29 | |||
| Value At Risk | (5.26) | |||
| Potential Upside | 8.11 |
Erdene Resource Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Erdene Resource's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Erdene Resource's standard deviation. In reality, there are many statistical measures that can use Erdene Resource historical prices to predict the future Erdene Resource's volatility.| Risk Adjusted Performance | 0.1079 | |||
| Jensen Alpha | 0.5795 | |||
| Total Risk Alpha | (0.16) | |||
| Sortino Ratio | 0.0953 | |||
| Treynor Ratio | (1.07) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Erdene Resource's 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.
Erdene Resource Deve Backtested Returns
Erdene Resource appears to be out of control, given 3 months investment horizon. Erdene Resource Deve secures Sharpe Ratio (or Efficiency) of 0.13, which denotes the company had a 0.13% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Erdene Resource Development, which you can use to evaluate the volatility of the firm. Please utilize Erdene Resource's Mean Deviation of 3.15, downside deviation of 4.09, and Semi Deviation of 2.87 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Erdene Resource holds a performance score of 9. The firm shows a Beta (market volatility) of -0.48, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Erdene Resource are expected to decrease at a much lower rate. During the bear market, Erdene Resource is likely to outperform the market. Please check Erdene Resource's treynor ratio, expected short fall, and the relationship between the jensen alpha and potential upside , to make a quick decision on whether Erdene Resource's price patterns will revert.
Auto-correlation | 0.68 |
Good predictability
Erdene Resource Development has good predictability. Overlapping area represents the amount of predictability between Erdene Resource time series from 2nd of November 2024 to 17th of November 2024 and 17th of November 2024 to 2nd 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 Erdene Resource Deve price movement. The serial correlation of 0.68 indicates that around 68.0% of current Erdene Resource price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.68 | |
| Spearman Rank Test | 0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Erdene Resource Deve lagged returns against current returns
Autocorrelation, which is Erdene Resource 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 Erdene Resource's pink sheet expected returns. We can calculate the autocorrelation of Erdene Resource returns to help us make a trade decision. For example, suppose you find that Erdene Resource 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 |
Erdene Resource 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 Erdene Resource pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Erdene Resource pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Erdene Resource pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Erdene Resource Lagged Returns
When evaluating Erdene Resource's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Erdene Resource pink sheet have on its future price. Erdene Resource 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, Erdene Resource autocorrelation shows the relationship between Erdene Resource pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Erdene Resource Development.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Erdene Pink Sheet
Erdene Resource financial ratios help investors to determine whether Erdene 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 Erdene with respect to the benefits of owning Erdene Resource security.