Electra Battery Materials Stock Performance
| ELBM Stock | USD 0.46 0.03 6.12% |
The firm shows a Beta (market volatility) of 0.59, which means possible diversification benefits within a given portfolio. As returns on the market increase, Electra Battery's returns are expected to increase less than the market. However, during the bear market, the loss of holding Electra Battery is expected to be smaller as well. Electra Battery Materials has an expected return of -0.2%. Please make sure to confirm Electra Battery Materials total risk alpha and the relationship between the potential upside and market facilitation index , to decide if Electra Battery Materials performance from the past will be repeated at some point in the near future.
Risk-Adjusted Performance
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Over the last 90 days Electra Battery Materials has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of fragile performance in the last few months, the Stock's fundamental drivers remain very healthy which may send shares a bit higher in June 2024. The recent disarray may also be a sign of long period up-swing for the firm investors. ...more
| Begin Period Cash Flow | 8 M |
Electra |
Electra Battery Relative Risk vs. Return Landscape
If you would invest 54.00 in Electra Battery Materials on February 23, 2024 and sell it today you would lose (8.00) from holding Electra Battery Materials or give up 14.81% of portfolio value over 90 days. Electra Battery Materials is currently does not generate positive expected returns and assumes 3.1388% risk (volatility on return distribution) over the 90 days horizon. In different words, 27% of stocks are less volatile than Electra, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
Electra Battery Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Electra Battery's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Electra Battery Materials, and traders can use it to determine the average amount a Electra Battery's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = -0.0642
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| Negative Returns | ELBM |
Estimated Market Risk
| 3.14 actual daily | 27 73% of assets are more volatile |
Expected Return
| -0.2 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.06 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Electra Battery is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Electra Battery by adding Electra Battery to a well-diversified portfolio.
Electra Battery Fundamentals Growth
Electra Stock prices reflect investors' perceptions of the future prospects and financial health of Electra Battery, and Electra Battery fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Electra Stock performance.
| Return On Equity | -0.073 | ||||
| Return On Asset | -0.0572 | ||||
| Current Valuation | 68.83 M | ||||
| Shares Outstanding | 57.2 M | ||||
| Price To Book | 0.26 X | ||||
| EBITDA | (13.93 M) | ||||
| Cash And Equivalents | 41.77 M | ||||
| Cash Per Share | 1.29 X | ||||
| Total Debt | 45.43 M | ||||
| Debt To Equity | 0.22 % | ||||
| Book Value Per Share | 2.35 X | ||||
| Cash Flow From Operations | (24.7 M) | ||||
| Earnings Per Share | (0.38) X | ||||
| Total Asset | 148.69 M | ||||
| Retained Earnings | (245.44 M) | ||||
About Electra Battery Performance
To evaluate Electra Battery Materials Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Electra Battery generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Electra Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Electra Battery Materials market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Electra's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.Electra Battery Materials Corporation acquires and explores for resource properties in the United States and Canada. Electra Battery Materials Corporation was incorporated in 2011 and is headquartered in Toronto, Canada. Electra Battery operates under Other Industrial Metals Mining classification in the United States and is traded on NASDAQ Exchange. It employs 19 people.Things to note about Electra Battery Materials performance evaluation
Checking the ongoing alerts about Electra Battery for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Electra Battery Materials help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Electra Battery generated a negative expected return over the last 90 days | |
| Electra Battery has some characteristics of a very speculative penny stock | |
| Electra Battery has high historical volatility and very poor performance | |
| Electra Battery has a very high chance of going through financial distress in the upcoming years | |
| Net Loss for the year was (64.67 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Electra Battery Materials currently holds about 41.77 M in cash with (24.7 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.29, which can makes it an attractive takeover target, given it will continue generating positive cash flow. |
- Analyzing Electra Battery's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Electra Battery's stock is overvalued or undervalued compared to its peers.
- Examining Electra Battery's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Electra Battery's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Electra Battery's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Electra Battery's stock. These opinions can provide insight into Electra Battery's potential for growth and whether the stock is currently undervalued or overvalued.
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Electra Battery Materials. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics. Note that the Electra Battery Materials information on this page should be used as a complementary analysis to other Electra Battery's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
Complementary Tools for Electra Stock analysis
When running Electra Battery's price analysis, check to measure Electra Battery's 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 Electra Battery is operating at the current time. Most of Electra Battery's value examination focuses on studying past and present price action to predict the probability of Electra Battery's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Electra Battery's price. Additionally, you may evaluate how the addition of Electra Battery to your portfolios can decrease your overall portfolio volatility.
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Is Electra Battery's industry 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 Electra Battery. If investors know Electra 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 Electra Battery listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Electra Battery Materials is measured differently than its book value, which is the value of Electra that is recorded on the company's balance sheet. Investors also form their own opinion of Electra Battery's value that differs from its market value or its book value, called intrinsic value, which is Electra Battery'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 Electra Battery's market value can be influenced by many factors that don't directly affect Electra Battery'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 Electra Battery's value and its price as these two are different measures arrived at by different means. Investors typically determine if Electra Battery is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Electra Battery'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.