Egr Exploration Stock Today
| EGR Stock | 0.06 0.01 15.38% |
Performance7 of 100
| Odds Of DistressLess than 49
|
EGR Exploration is selling for under 0.055 as of the 6th of May 2024; that is -15.38 percent decrease since the beginning of the trading day. The stock's lowest day price was 0.045. EGR Exploration has 49 percent odds of going through some form of financial distress in the next two years and did not have a very good performance for investor during the last 90 trading days. Equity ratings for EGR Exploration are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 6th of April 2024 and ending today, the 6th of May 2024. Click here to learn more.
Business Domain Materials | Category Basic Materials |
EGR Exploration is entity of Canada. It is traded as Stock on V exchange. The company has 40.2 M outstanding shares of which 4.46 K shares are currently shorted by private and institutional investors with about 0.18 days to cover all short positions. More on EGR Exploration
Follow Valuation Odds of Bankruptcy
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EGR Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. EGR Exploration's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding EGR Exploration or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Business Concentration | Metals & Mining, Materials, Basic Materials, Materials, Metals & Mining, Gold, Basic Materials (View all Sectors) |
EGR Exploration (EGR) is traded on TSX Venture Exchange in Canada and employs 3 people. EGR Exploration is listed under Metals & Mining category by Fama And French industry classification. The company currently falls under 'Nano-Cap' category with a current market capitalization of 2.21 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate EGR Exploration's market, we take the total number of its shares issued and multiply it by EGR Exploration's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. EGR Exploration classifies itself under Metals & Mining sector and is part of Materials industry. The entity has 40.2 M outstanding shares of which 4.46 K shares are currently shorted by private and institutional investors with about 0.18 days to cover all short positions.
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Ownership AllocationEGR Exploration retains a total of 40.2 Million outstanding shares. EGR Exploration shows 18.26 percent of its outstanding shares held by insiders and 4.13 percent owned by other corporate entities. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.
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EGR Stock Price Odds Analysis
Depending on a normal probability distribution, the odds of EGR Exploration jumping above the current price in 90 days from now is about 55.39%. The EGR Exploration probability density function shows the probability of EGR Exploration stock to fall within a particular range of prices over 90 days. Assuming the 90 days horizon the stock has a beta coefficient of 2.7851 suggesting as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, EGR Exploration will likely underperform. Additionally, eGR Exploration has an alpha of 0.4209, implying that it can generate a 0.42 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of EGR Exploration to move above the current price in 90 days from now is about 55.39 (This EGR Exploration probability density function shows the probability of EGR Stock to fall within a particular range of prices over 90 days) .
EGR Exploration Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. EGR Exploration market risk premium is the additional return an investor will receive from holding EGR Exploration long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in EGR Exploration. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although EGR Exploration's alpha and beta are two of the key measurements used to evaluate EGR Exploration's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 4.8 | |||
| Semi Deviation | 5.29 | |||
| Standard Deviation | 8.23 | |||
| Variance | 67.72 |
EGR Stock Against Markets
Picking the right benchmark for EGR Exploration stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in EGR Exploration stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for EGR Exploration is critical whether you are bullish or bearish towards EGR Exploration at a given time. Please also check how EGR Exploration's historical prices are related to one of the top price index indicators.
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Our tools can tell you how much better you can do entering a position in EGR Exploration without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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How to buy EGR Stock?
Before investing in EGR Exploration, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in EGR Exploration. To buy EGR Exploration stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of EGR Exploration. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase EGR Exploration stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located EGR Exploration stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased EGR Exploration stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as EGR Exploration, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
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The danger of trading EGR Exploration is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of EGR Exploration is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than EGR Exploration. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile EGR Exploration is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in EGR Exploration. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..
Complementary Tools for EGR Stock analysis
When running EGR Exploration's price analysis, check to measure EGR Exploration'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 EGR Exploration is operating at the current time. Most of EGR Exploration's value examination focuses on studying past and present price action to predict the probability of EGR Exploration's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move EGR Exploration's price. Additionally, you may evaluate how the addition of EGR Exploration to your portfolios can decrease your overall portfolio volatility.
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