Elray Resources Stock Price on September 19, 2024
| ELRA Stock | USD 0.0004 0.0001 20.00% |
If you're considering investing in Elray Pink Sheet, it is important to understand the factors that can impact its price. As of today, the current price of Elray Resources stands at 0.0004, as last reported on the 25th of December, with the highest price reaching 0.0004 and the lowest price hitting 0.0004 during the day. Elray Resources is out of control given 3 months investment horizon. Elray Resources secures Sharpe Ratio (or Efficiency) of 0.0798, which denotes the company had a 0.0798% return per unit of risk over the last 3 months. We were able to interpolate data for twenty-seven different technical indicators, which can help you to evaluate if expected returns of 1.5% are justified by taking the suggested risk. Use Elray Resources Mean Deviation of 11.29, coefficient of variation of 1271.59, and Downside Deviation of 20.51 to evaluate company specific risk that cannot be diversified away.
Elray Pink Sheet price history is provided at the adjusted basis, taking into account all of the recent filings.
Elray |
Sharpe Ratio = 0.0798
| Best Portfolio | Best Equity | |||
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| Average Returns | ELRA | |||
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 18.73 actual daily | 96 96% of assets are less volatile |
Expected Return
| 1.5 actual daily | 29 71% of assets have higher returns |
Risk-Adjusted Return
| 0.08 actual daily | 6 94% of assets perform better |
Based on monthly moving average Elray Resources is performing at about 6% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Elray Resources by adding it to a well-diversified portfolio.
Elray Resources Valuation on September 19, 2024
It is possible to determine the worth of Elray Resources on a given historical date. On September 19, 2024 Elray was worth 4.0E-4 at the beginning of the trading date compared to the closed value of 4.0E-4. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Elray Resources pink sheet. Still, in general, we apply an absolute valuation method to find Elray Resources' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Elray Resources where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Elray Resources' related companies.
| Open | High | Low | Close | Volume | |
| 0.0004 | 0.0004 | 0.0004 | 0.0004 | 1.00 | |
09/19/2024 | 0.0004 | 0.0004 | 0.0003 | 0.0004 | 2,048,155 |
| 0.0004 | 0.0005 | 0.0004 | 0.0005 | 2,246,471 |
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Elray Resources Trading Date Momentum on September 19, 2024
| On September 20 2024 Elray Resources was traded for 0.0005 at the closing time. The top price for the day was 0.0005 and the lowest listed price was 0.0004 . The trading volume for the day was 2.2 M. The trading history from September 20, 2024 was a factor to the next trading day price jump. The overall trading delta against the next closing price was 25.00% . The overall trading delta against the current closing price is 0.00% . |
Elray Resources Fundamentals Correlations and Trends
By evaluating Elray Resources' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Elray Resources' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Elray financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Elray Resources Pink Sheet history
Elray Resources investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Elray is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Elray Resources will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Elray Resources stock prices may prove useful in developing a viable investing in Elray Resources
Elray Resources, Inc., a technology company, owns and licenses gaming intellectual property, gaming content, gaming domains, and trademarks in the United States and internationally. It provides marketing tools and CRM systems for online gaming operators. Elray Resources operates under Gambling classification in the United States and is traded on OTC Exchange.
Elray Resources Pink Sheet Technical Analysis
Elray Resources technical pink sheet 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, pink sheet market cycles, or different charting patterns.
Price Boundaries
Elray Resources Period Price Range
Low | December 25, 2024
| High |
0.00 | 0.00 |
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Elray Resources December 25, 2024 Market Strength
Market strength indicators help investors to evaluate how Elray Resources pink sheet reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Elray Resources shares will generate the highest return on investment. By undertsting and applying Elray Resources pink sheet market strength indicators, traders can identify Elray Resources entry and exit signals to maximize returns
Elray Resources Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Elray Resources' price direction in advance. Along with the technical and fundamental analysis of Elray Pink Sheet historical price patterns, it is also worthwhile for investors to track various predictive indicators of Elray to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0724 | |||
| Jensen Alpha | 1.68 | |||
| Total Risk Alpha | 0.6391 | |||
| Sortino Ratio | 0.0685 | |||
| Treynor Ratio | (0.21) |
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Complementary Tools for Elray Pink Sheet analysis
When running Elray Resources' price analysis, check to measure Elray 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 Elray Resources is operating at the current time. Most of Elray Resources' value examination focuses on studying past and present price action to predict the probability of Elray Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Elray Resources' price. Additionally, you may evaluate how the addition of Elray Resources to your portfolios can decrease your overall portfolio volatility.
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