Erdene Resource Development Stock Today
ERD Stock | CAD 0.41 0.01 2.50% |
Performance13 of 100
| Odds Of DistressLess than 28
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Erdene Resource is selling at 0.41 as of the 5th of May 2024; that is 2.50 percent increase since the beginning of the trading day. The stock's open price was 0.4. Erdene Resource has about a 28 % chance of experiencing some form of financial distress in the next two years of operation and had a somewhat good performance during the last 90 days. Equity ratings for Erdene Resource Development are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 5th of April 2024 and ending today, the 5th of May 2024. Click here to learn more.
Business Domain Materials | Category Basic Materials |
Erdene Resource Development Corporation focuses in the acquisition, exploration, and development of precious and base mineral deposits in Mongolia. Erdene Resource Development Corporation was incorporated in 2000 and is headquartered in Dartmouth, Canada. The company has 345.54 M outstanding shares of which 96.94 K shares are currently shorted by private and institutional investors with about 0.02 days to cover all short positions. More on Erdene Resource Development
Moving together with Erdene Stock
0.64 | AMZN | Amazon CDR | PairCorr |
Moving against Erdene Stock
0.84 | AAPL | Apple Inc CDR | PairCorr |
0.54 | TSLA | Tesla Inc CDR | PairCorr |
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Erdene 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. Erdene Resource's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Erdene Resource or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
CEO President | Peter BSc | ||||
Business Concentration | Diversified Metals & Mining, Other Industrial Metals & Mining, Basic Materials, Materials, Metals & Mining, Other Industrial Metals & Mining, Basic Materials (View all Sectors) | ||||
Erdene Resource's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Erdene Resource's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | |||||
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Erdene Resource's financial leverage. It provides some insight into what part of Erdene Resource's total assets is financed by creditors.
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Erdene Resource Development (ERD) is traded on Toronto Exchange in Canada and employs 72 people. Erdene Resource is listed under Diversified Metals & Mining category by Fama And French industry classification. The company currently falls under 'Small-Cap' category with a current market capitalization of 141.67 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Erdene Resource's market, we take the total number of its shares issued and multiply it by Erdene Resource'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. Erdene Resource Deve operates under Metals & Mining sector and is part of Materials industry. The entity has 345.54 M outstanding shares of which 96.94 K shares are currently shorted by private and institutional investors with about 0.02 days to cover all short positions.
Erdene Resource Development has accumulated about 7.06 M in cash with (2.05 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.01.
Check Erdene Resource Probability Of Bankruptcy
Ownership AllocationErdene Resource Deve retains a total of 345.54 Million outstanding shares. Erdene Resource Development retains significant amount of outstanding shares owned by insiders. An insider is usually defined as a CEO, other corporate executive, director, or institutional investor who own at least 10% of the company's outstanding shares. Since such a large part of the company is owned by insiders, it is advisable to analyze if each of these insiders have been buying or selling the stock in recent months. 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.
Check Erdene Ownership Details
Erdene Stock Price Odds Analysis
Contingent on a normal probability distribution, the odds of Erdene Resource jumping above the current price in 90 days from now is about 19.64%. The Erdene Resource Development probability density function shows the probability of Erdene Resource stock to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon Erdene Resource Development has a beta of -0.9385 suggesting Additionally, erdene Resource Development has an alpha of 0.4802, implying that it can generate a 0.48 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Erdene Resource to move above the current price in 90 days from now is about 19.64 (This Erdene Resource Development probability density function shows the probability of Erdene Stock to fall within a particular range of prices over 90 days) .
Erdene Resource Deve Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Erdene Resource market risk premium is the additional return an investor will receive from holding Erdene Resource 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 Erdene Resource. 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 Erdene Resource's alpha and beta are two of the key measurements used to evaluate Erdene Resource's performance over the market, the standard measures of volatility play an important role as well.
Mean Deviation | 2.16 | |||
Semi Deviation | 1.94 | |||
Standard Deviation | 3.19 | |||
Variance | 10.17 |
Erdene Stock Against Markets
Picking the right benchmark for Erdene Resource 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 Erdene Resource 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 Erdene Resource is critical whether you are bullish or bearish towards Erdene Resource Development at a given time. Please also check how Erdene Resource'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 Erdene Resource 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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Erdene Resource Corporate Directors
Erdene Resource corporate directors refer to members of an Erdene Resource board of directors. The board of directors generally takes responsibility for the Erdene Resource's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Erdene Resource's board members must vote for the resolution. The Erdene Resource board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.Philip Webster | Independent Director | Profile | |
William Burton | Independent Director | Profile | |
Hedley Widdup | Independent Director | Profile | |
Cameron McRae | Non-Executive Independent Director | Profile |
How to buy Erdene Stock?
Before investing in Erdene Resource, 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 Erdene Resource. To buy Erdene Resource stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Erdene Resource. 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 Erdene Resource stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Erdene Resource Development 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 Erdene Resource Development 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 Erdene Resource Development, 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 Erdene Resource Development 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 Erdene Resource 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 Erdene Resource. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Erdene Resource Deve 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 Erdene Resource Development. 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. Note that the Erdene Resource Deve information on this page should be used as a complementary analysis to other Erdene Resource'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 Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.
Complementary Tools for Erdene Stock analysis
When running Erdene Resource's price analysis, check to measure Erdene Resource'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 Erdene Resource is operating at the current time. Most of Erdene Resource's value examination focuses on studying past and present price action to predict the probability of Erdene Resource's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Erdene Resource's price. Additionally, you may evaluate how the addition of Erdene Resource to your portfolios can decrease your overall portfolio volatility.
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