Elcora Advanced Materials Stock Market Value
| ERA Stock | CAD 0.12 0.02 14.29% |
| Symbol | Elcora |
Elcora Advanced '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 Elcora Advanced'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 Elcora Advanced.
| 04/20/2025 |
| 07/19/2025 |
If you would invest 0.00 in Elcora Advanced on April 20, 2025 and sell it all today you would earn a total of 0.00 from holding Elcora Advanced Materials or generate 0.0% return on investment in Elcora Advanced over 90 days. Elcora Advanced is related to or competes with Magnum Goldcorp, and Leading Edge. Elcora Advanced Materials Corp., a graphite and graphene company, mines, processes, and refines graphite and graphene More
Elcora Advanced 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 Elcora Advanced'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 Elcora Advanced Materials upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 22.62 | |||
| Value At Risk | (7.69) | |||
| Potential Upside | 8.33 |
Elcora Advanced Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Elcora Advanced's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Elcora Advanced's standard deviation. In reality, there are many statistical measures that can use Elcora Advanced historical prices to predict the future Elcora Advanced's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.26) | |||
| Total Risk Alpha | (0.72) | |||
| Treynor Ratio | (0.29) |
Elcora Advanced Materials Backtested Returns
Elcora Advanced Materials secures Sharpe Ratio (or Efficiency) of -0.0434, which denotes the company had a -0.0434 % return per unit of standard deviation over the last 3 months. Elcora Advanced Materials exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Elcora Advanced's Standard Deviation of 3.89, mean deviation of 1.85, and Coefficient Of Variation of (2,306) to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.62, which means possible diversification benefits within a given portfolio. As returns on the market increase, Elcora Advanced's returns are expected to increase less than the market. However, during the bear market, the loss of holding Elcora Advanced is expected to be smaller as well. At this point, Elcora Advanced Materials has a negative expected return of -0.17%. Please make sure to confirm Elcora Advanced's information ratio and the relationship between the maximum drawdown and price action indicator , to decide if Elcora Advanced Materials performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.05 |
Virtually no predictability
Elcora Advanced Materials has virtually no predictability. Overlapping area represents the amount of predictability between Elcora Advanced 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 Elcora Advanced Materials price movement. The serial correlation of 0.05 indicates that only as little as 5.0% of current Elcora Advanced price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.05 | |
| Spearman Rank Test | 0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Elcora Advanced Materials lagged returns against current returns
Autocorrelation, which is Elcora Advanced 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 Elcora Advanced's stock expected returns. We can calculate the autocorrelation of Elcora Advanced returns to help us make a trade decision. For example, suppose you find that Elcora Advanced 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 |
Elcora Advanced 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 Elcora Advanced stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Elcora Advanced stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Elcora Advanced stock over time.
Current vs Lagged Prices |
| Timeline |
Elcora Advanced Lagged Returns
When evaluating Elcora Advanced's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Elcora Advanced stock have on its future price. Elcora Advanced 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, Elcora Advanced autocorrelation shows the relationship between Elcora Advanced stock current value and its past values and can show if there is a momentum factor associated with investing in Elcora Advanced Materials.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Elcora Stock Analysis
When running Elcora Advanced's price analysis, check to measure Elcora Advanced'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 Elcora Advanced is operating at the current time. Most of Elcora Advanced's value examination focuses on studying past and present price action to predict the probability of Elcora Advanced's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Elcora Advanced's price. Additionally, you may evaluate how the addition of Elcora Advanced to your portfolios can decrease your overall portfolio volatility.