Elray Resources Stock Statistic Functions Beta

ELRA Stock  USD 0.0004  0.0001  20.00%   
Elray Resources statistic functions tool provides the execution environment for running the Beta function and other technical functions against Elray Resources. Elray Resources value trend is the prevailing direction of the price over some defined period of time. The concept of trend is an important idea in technical analysis, including the analysis of statistic functions indicators. As with most other technical indicators, the Beta function function is designed to identify and follow existing trends. Elray Resources statistical functions help analysts to determine different price movement patterns based on how price series statistical indicators change over time. Please specify Time Period to run this model.

Execute Function
The function did not generate any output. Please change time horizon or modify your input parameters. The output start index for this execution was one with a total number of output elements of sixty. The Beta measures systematic risk based on how returns on Elray Resources correlated with the market. If Beta is less than 0 Elray Resources generally moves in the opposite direction as compared to the market. If Elray Resources Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Elray Resources is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Elray Resources is generally in the same direction as the market. If Beta > 1 Elray Resources moves generally in the same direction as, but more than the movement of the benchmark.

Elray Resources Technical Analysis Modules

Most technical analysis of Elray Resources help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Elray from various momentum indicators to cycle indicators. When you analyze Elray charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

About Elray Resources Predictive Technical Analysis

Predictive technical analysis modules help investors to analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Elray Resources. We use our internally-developed statistical techniques to arrive at the intrinsic value of Elray Resources based on widely used predictive technical indicators. In general, we focus on analyzing Elray Pink Sheet price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Elray Resources's daily price indicators and compare them against related drivers, such as statistic functions and various other types of predictive indicators. Using this methodology combined with a more conventional technical analysis and fundamental analysis, we attempt to find the most accurate representation of Elray Resources's intrinsic value. In addition to deriving basic predictive indicators for Elray Resources, we also check how macroeconomic factors affect Elray Resources price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
Hype
Prediction
LowEstimatedHigh
0.000.000415.96
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Intrinsic
Valuation
LowRealHigh
0.000.000415.96
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Other Information on Investing in Elray Pink Sheet

Elray Resources financial ratios help investors to determine whether Elray 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 Elray with respect to the benefits of owning Elray Resources security.