Emerita Resources Corp Stock Market Value
| EMO Stock | CAD 0.58 0.01 1.75% |
| Symbol | Emerita |
Emerita Resources Corp Price To Book Ratio
Emerita Resources '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 Emerita Resources' 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 Emerita Resources.
| 08/05/2024 |
| 11/03/2024 |
If you would invest 0.00 in Emerita Resources on August 5, 2024 and sell it all today you would earn a total of 0.00 from holding Emerita Resources Corp or generate 0.0% return on investment in Emerita Resources over 90 days. Emerita Resources is related to or competes with Outcrop Gold, IShares Canadian, Altagas Cum, European Residential, RBC Discount, and IShares SPTSX. Emerita Resources Corp., a natural resource company, engages in the acquisition, exploration, and development of mineral... More
Emerita Resources 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 Emerita Resources' 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 Emerita Resources Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 17.33 | |||
| Value At Risk | (4.41) | |||
| Potential Upside | 6.45 |
Emerita Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Emerita Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Emerita Resources' standard deviation. In reality, there are many statistical measures that can use Emerita Resources historical prices to predict the future Emerita Resources' volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.20) | |||
| Total Risk Alpha | (0.46) | |||
| Treynor Ratio | 0.5737 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Emerita Resources' 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.
Emerita Resources Corp Backtested Returns
Emerita Resources Corp secures Sharpe Ratio (or Efficiency) of -0.089, which denotes the company had a -0.089% return per unit of risk over the last 3 months. Emerita Resources Corp exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Emerita Resources' Variance of 10.2, mean deviation of 2.32, and Standard Deviation of 3.19 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.39, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Emerita Resources are expected to decrease at a much lower rate. During the bear market, Emerita Resources is likely to outperform the market. At this point, Emerita Resources Corp has a negative expected return of -0.27%. Please make sure to confirm Emerita Resources' jensen alpha and the relationship between the potential upside and market facilitation index , to decide if Emerita Resources Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.27 |
Weak reverse predictability
Emerita Resources Corp has weak reverse predictability. Overlapping area represents the amount of predictability between Emerita Resources time series from 5th of August 2024 to 19th of September 2024 and 19th of September 2024 to 3rd 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 Emerita Resources Corp price movement. The serial correlation of -0.27 indicates that nearly 27.0% of current Emerita Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.27 | |
| Spearman Rank Test | 0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Emerita Resources Corp lagged returns against current returns
Autocorrelation, which is Emerita Resources 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 Emerita Resources' stock expected returns. We can calculate the autocorrelation of Emerita Resources returns to help us make a trade decision. For example, suppose you find that Emerita Resources 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 |
Emerita Resources 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 Emerita Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Emerita Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Emerita Resources stock over time.
Current vs Lagged Prices |
| Timeline |
Emerita Resources Lagged Returns
When evaluating Emerita Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Emerita Resources stock have on its future price. Emerita Resources 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, Emerita Resources autocorrelation shows the relationship between Emerita Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Emerita Resources Corp.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Emerita Stock Analysis
When running Emerita Resources' price analysis, check to measure Emerita Resources' 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 Emerita Resources is operating at the current time. Most of Emerita Resources' value examination focuses on studying past and present price action to predict the probability of Emerita Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Emerita Resources' price. Additionally, you may evaluate how the addition of Emerita Resources to your portfolios can decrease your overall portfolio volatility.