Element Global Stock Market Value
| ELGL Stock | USD 0.0001 0.00 0.00% |
| Symbol | Element |
Element Global Company Valuation
Is Industrial Conglomerates 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 Element Global. If investors know Element 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 Element Global listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share 0.004 | Revenue Per Share | Quarterly Revenue Growth (0.94) | Return On Assets | Return On Equity |
The market value of Element Global is measured differently than its book value, which is the value of Element that is recorded on the company's balance sheet. Investors also form their own opinion of Element Global's value that differs from its market value or its book value, called intrinsic value, which is Element Global'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 Element Global's market value can be influenced by many factors that don't directly affect Element Global'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 Element Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if Element Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Element Global'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.
Element Global '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 Element Global'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 Element Global.
| 04/20/2025 |
| 07/19/2025 |
If you would invest 0.00 in Element Global on April 20, 2025 and sell it all today you would earn a total of 0.00 from holding Element Global or generate 0.0% return on investment in Element Global over 90 days. Element Global is related to or competes with Reliance Steel, CECO Environmental, Sapiens International, Sprinklr, Cadence Design, BlueScope Steel, and Seche Environnement. Element Global, Inc. operates in mining, renewable energy, technology, sports, media, and finance businesses More
Element Global 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 Element Global'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 Element Global upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.1088 | |||
| Maximum Drawdown | 990.0 |
Element Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Element Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Element Global's standard deviation. In reality, there are many statistical measures that can use Element Global historical prices to predict the future Element Global's volatility.| Risk Adjusted Performance | 0.1127 | |||
| Jensen Alpha | 12.46 | |||
| Total Risk Alpha | (3.35) | |||
| Treynor Ratio | (7.95) |
Element Global Backtested Returns
Element Global is out of control given 3 months investment horizon. Element Global secures Sharpe Ratio (or Efficiency) of 0.11, which denotes the company had a 0.11 % return per unit of risk over the last 3 months. We were able to analyze and collect data for seventeen different technical indicators, which can help you to evaluate if expected returns of 12.66% are justified by taking the suggested risk. Use Element Global Variance of 12433.22, mean deviation of 26.9, and Standard Deviation of 111.5 to evaluate company specific risk that cannot be diversified away. Element Global holds a performance score of 8 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -1.54, which means a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Element Global are expected to decrease by larger amounts. On the other hand, during market turmoil, Element Global is expected to outperform it. Use Element Global information ratio, as well as the relationship between the kurtosis and relative strength index , to analyze future returns on Element Global.
Auto-correlation | 0.00 |
No correlation between past and present
Element Global has no correlation between past and present. Overlapping area represents the amount of predictability between Element Global time series from 20th of April 2025 to 4th of June 2025 and 4th of June 2025 to 19th of July 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Element Global price movement. The serial correlation of 0.0 indicates that just 0.0% of current Element Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.54 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Element Global lagged returns against current returns
Autocorrelation, which is Element Global 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 Element Global's stock expected returns. We can calculate the autocorrelation of Element Global returns to help us make a trade decision. For example, suppose you find that Element Global 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 |
Element Global 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 Element Global stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Element Global stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Element Global stock over time.
Current vs Lagged Prices |
| Timeline |
Element Global Lagged Returns
When evaluating Element Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Element Global stock have on its future price. Element Global 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, Element Global autocorrelation shows the relationship between Element Global stock current value and its past values and can show if there is a momentum factor associated with investing in Element Global.
Regressed Prices |
| Timeline |
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Element Global 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.