Erdene Resource Development Stock Price on December 4, 2023

ERDCF Stock  USD 0.38  0.01  2.70%   
If you're considering investing in Erdene Pink Sheet, it is important to understand the factors that can impact its price. As of today, the current price of Erdene Resource stands at 0.38, as last reported on the 23rd of December, with the highest price reaching 0.38 and the lowest price hitting 0.37 during the day. Erdene Resource Deve secures Sharpe Ratio (or Efficiency) of -0.0324, which denotes the company had a -0.0324% return per unit of standard deviation over the last 3 months. Erdene Resource Development exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Erdene Resource's Semi Deviation of 2.99, mean deviation of 3.04, and Downside Deviation of 4.03 to check the risk estimate we provide.
  
Erdene Pink Sheet price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.0324

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Estimated Market Risk

 3.8
  actual daily
33
67% of assets are more volatile

Expected Return

 -0.12
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.03
  actual daily
0
Most of other assets perform better
Based on monthly moving average Erdene Resource is not performing at its full potential. However, 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 Erdene Resource by adding Erdene Resource to a well-diversified portfolio.

Erdene Resource Valuation on December 4, 2023

It is possible to determine the worth of Erdene Resource on a given historical date. On December 4, 2023 Erdene was worth 0.24 at the beginning of the trading date compared to the closed value of 0.24. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Erdene Resource pink sheet. Still, in general, we apply an absolute valuation method to find Erdene Resource's 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 Erdene Resource where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Erdene Resource's related companies.
 Open High Low Close Volume
  0.25    0.26    0.25    0.26    12,000  
12/04/2023
  0.24    0.24    0.24    0.24    1,246  
  0.26    0.26    0.25    0.25    16,920  
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Open Value
0.24
0.24
Closing Value
11.64
Upside

Erdene Resource Trading Date Momentum on December 4, 2023

On December 05 2023 Erdene Resource Development was traded for  0.25  at the closing time. The highest daily price throughout the period was 0.26  and the lowest price was  0.25 . The daily volume was 16.9 K. The net trading volume on 12/05/2023 added to the next day price rise. The overall trading delta to closing price of the next trading day was 4.17% . The overall trading delta to current closing price is 4.17% .

Erdene Resource Deve Fundamentals Correlations and Trends

By evaluating Erdene Resource's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Erdene Resource's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Erdene financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Erdene Resource Pink Sheet history

Erdene Resource 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 Erdene is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Erdene Resource Deve 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 Erdene Resource stock prices may prove useful in developing a viable investing in Erdene Resource
Erdene Resource Development Corporation focuses on 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. Erdene Resource operates under Other Industrial Metals Mining classification in the United States and is traded on OTC Exchange. It employs 56 people.

Erdene Resource Pink Sheet Technical Analysis

Erdene Resource 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.
A focus of Erdene Resource technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Erdene Resource trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Erdene Resource Period Price Range

Low
December 23, 2024
0.00  NaN%
High

 0.00 

     

 0.00 

Erdene Resource Development cannot be verified against its exchange. Please verify the symbol is currently traded on PINK Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.

Erdene Resource December 23, 2024 Market Strength

Market strength indicators help investors to evaluate how Erdene Resource 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 Erdene Resource shares will generate the highest return on investment. By undertsting and applying Erdene Resource pink sheet market strength indicators, traders can identify Erdene Resource Development entry and exit signals to maximize returns

Erdene Resource Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Erdene Resource's price direction in advance. Along with the technical and fundamental analysis of Erdene Pink Sheet historical price patterns, it is also worthwhile for investors to track various predictive indicators of Erdene 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.

Complementary Tools for Erdene Pink Sheet 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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