Erin Ventures Stock Market Value
| ERVFF Stock | USD 0.04 0.01 15.91% |
| Symbol | Erin |
Erin Ventures '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 Erin Ventures' 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 Erin Ventures.
| 08/19/2023 |
| 12/11/2024 |
If you would invest 0.00 in Erin Ventures on August 19, 2023 and sell it all today you would earn a total of 0.00 from holding Erin Ventures or generate 0.0% return on investment in Erin Ventures over 480 days. Erin Ventures is related to or competes with IGO, Mineral Res, and Adriatic Metals. Erin Ventures Inc. engages in the acquisition, exploration, and development of mineral properties More
Erin Ventures 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 Erin Ventures' 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 Erin Ventures upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 83.49 | |||
| Value At Risk | (7.50) | |||
| Potential Upside | 5.26 |
Erin Ventures Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Erin Ventures' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Erin Ventures' standard deviation. In reality, there are many statistical measures that can use Erin Ventures historical prices to predict the future Erin Ventures' volatility.| Risk Adjusted Performance | 0.0043 | |||
| Jensen Alpha | (0.27) | |||
| Total Risk Alpha | (1.41) | |||
| Treynor Ratio | (0.04) |
Erin Ventures Backtested Returns
Erin Ventures secures Sharpe Ratio (or Efficiency) of -0.0068, which denotes the company had a -0.0068% return per unit of risk over the last 3 months. Erin Ventures exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Erin Ventures' Mean Deviation of 2.37, standard deviation of 8.5, and Variance of 72.28 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.76, 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, Erin Ventures will likely underperform. At this point, Erin Ventures has a negative expected return of -0.0595%. Please make sure to confirm Erin Ventures' total risk alpha and the relationship between the skewness and relative strength index , to decide if Erin Ventures performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.09 |
Very weak reverse predictability
Erin Ventures has very weak reverse predictability. Overlapping area represents the amount of predictability between Erin Ventures time series from 19th of August 2023 to 15th of April 2024 and 15th of April 2024 to 11th 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 Erin Ventures price movement. The serial correlation of -0.09 indicates that less than 9.0% of current Erin Ventures price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.09 | |
| Spearman Rank Test | -0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Erin Ventures lagged returns against current returns
Autocorrelation, which is Erin Ventures 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 Erin Ventures' pink sheet expected returns. We can calculate the autocorrelation of Erin Ventures returns to help us make a trade decision. For example, suppose you find that Erin Ventures 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 |
Erin Ventures 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 Erin Ventures pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Erin Ventures pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Erin Ventures pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Erin Ventures Lagged Returns
When evaluating Erin Ventures' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Erin Ventures pink sheet have on its future price. Erin Ventures 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, Erin Ventures autocorrelation shows the relationship between Erin Ventures pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Erin Ventures.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Erin Pink Sheet
Erin Ventures financial ratios help investors to determine whether Erin 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 Erin with respect to the benefits of owning Erin Ventures security.