Erhc Energy Stock Market Value
| ERHE Stock | USD 0 0 110.00% |
| Symbol | ERHC |
ERHC Energy Price To Book Ratio
Is Oil & Gas Exploration & Production space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of ERHC Energy. If investors know ERHC will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about ERHC Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.89) | Return On Assets (0.83) |
The market value of ERHC Energy is measured differently than its book value, which is the value of ERHC that is recorded on the company's balance sheet. Investors also form their own opinion of ERHC Energy's value that differs from its market value or its book value, called intrinsic value, which is ERHC Energy's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because ERHC Energy's market value can be influenced by many factors that don't directly affect ERHC Energy's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between ERHC Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if ERHC Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ERHC Energy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
ERHC Energy '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 ERHC Energy's 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 ERHC Energy.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in ERHC Energy on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding ERHC Energy or generate 0.0% return on investment in ERHC Energy over 720 days. ERHC Energy is related to or competes with Frontera Energy, Coterra Energy, Eco (Atlantic), PetroTal Corp, Athabasca Oil, Sintana Energy, and CGX Energy. ERHC Energy Inc. engages in the exploration and exploitation of oil and gas resources in Africa More
ERHC Energy 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 ERHC Energy's 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 ERHC Energy upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 40.34 | |||
| Information Ratio | 0.1576 | |||
| Maximum Drawdown | 956.52 | |||
| Value At Risk | (33.33) | |||
| Potential Upside | 110.0 |
ERHC Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ERHC Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ERHC Energy's standard deviation. In reality, there are many statistical measures that can use ERHC Energy historical prices to predict the future ERHC Energy's volatility.| Risk Adjusted Performance | 0.1312 | |||
| Jensen Alpha | 17.18 | |||
| Total Risk Alpha | 0.1257 | |||
| Sortino Ratio | 0.4554 | |||
| Treynor Ratio | 1.7 |
ERHC Energy Backtested Returns
ERHC Energy is out of control given 3 months investment horizon. ERHC Energy secures Sharpe Ratio (or Efficiency) of 0.14, which denotes the company had a 0.14% return per unit of return volatility over the last 3 months. We have analyze and collected data for thirty different technical indicators, which can help you to evaluate if expected returns of 16.21% are justified by taking the suggested risk. Use ERHC Energy downside deviation of 40.34, and Mean Deviation of 41.86 to evaluate company specific risk that cannot be diversified away. ERHC Energy holds a performance score of 10 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of 10.89, which means a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, ERHC Energy will likely underperform. Use ERHC Energy value at risk, kurtosis, and the relationship between the sortino ratio and semi variance , to analyze future returns on ERHC Energy.
Auto-correlation | -0.22 |
Weak reverse predictability
ERHC Energy has weak reverse predictability. Overlapping area represents the amount of predictability between ERHC Energy time series from 9th of December 2022 to 4th of December 2023 and 4th of December 2023 to 28th 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 ERHC Energy price movement. The serial correlation of -0.22 indicates that over 22.0% of current ERHC Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.22 | |
| Spearman Rank Test | 0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
ERHC Energy lagged returns against current returns
Autocorrelation, which is ERHC Energy 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 ERHC Energy's stock expected returns. We can calculate the autocorrelation of ERHC Energy returns to help us make a trade decision. For example, suppose you find that ERHC Energy 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 |
ERHC Energy 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 ERHC Energy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ERHC Energy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ERHC Energy stock over time.
Current vs Lagged Prices |
| Timeline |
ERHC Energy Lagged Returns
When evaluating ERHC Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ERHC Energy stock have on its future price. ERHC Energy 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, ERHC Energy autocorrelation shows the relationship between ERHC Energy stock current value and its past values and can show if there is a momentum factor associated with investing in ERHC Energy.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether ERHC Energy is a strong investment it is important to analyze ERHC Energy's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact ERHC Energy's future performance. For an informed investment choice regarding ERHC Stock, refer to the following important reports:Check out ERHC Energy Correlation, ERHC Energy Volatility and ERHC Energy Alpha and Beta module to complement your research on ERHC Energy. For information on how to trade ERHC Stock refer to our How to Trade ERHC Stock guide.You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.
ERHC Energy technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.