Errawarra Resources (Australia) Price on June 4, 2024

ERW Stock   0.06  0  5.77%   
If you're considering investing in Errawarra Stock, it is important to understand the factors that can impact its price. As of today, the current price of Errawarra Resources stands at 0.06, as last reported on the 24th of December, with the highest price reaching 0.06 and the lowest price hitting 0.05 during the day. Errawarra Resources secures Sharpe Ratio (or Efficiency) of -0.0478, which denotes the company had a -0.0478% return per unit of risk over the last 3 months. Errawarra Resources exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Errawarra Resources' Variance of 65.17, standard deviation of 8.07, and Mean Deviation of 5.23 to check the risk estimate we provide.
  
Errawarra Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.0478

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Estimated Market Risk

 8.07
  actual daily
71
71% of assets are less volatile

Expected Return

 -0.39
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.05
  actual daily
0
Most of other assets perform better
Based on monthly moving average Errawarra Resources 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 Errawarra Resources by adding Errawarra Resources to a well-diversified portfolio.

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Errawarra Resources Valuation on June 4, 2024

It is possible to determine the worth of Errawarra Resources on a given historical date. On June 4, 2024 Errawarra was worth 0.11 at the beginning of the trading date compared to the closed value of 0.098. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Errawarra Resources stock. Still, in general, we apply an absolute valuation method to find Errawarra 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 Errawarra Resources where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Errawarra Resources' related companies.
 Open High Low Close Volume
  0.11    0.11    0.11    0.11    643,282  
06/04/2024
  0.11    0.11    0.1    0.1    575,933  
  0.10    0.11    0.10    0.10    380,425  
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Open Value
0.11
0.098
Closing Value
24.33
Upside

Errawarra Resources Trading Date Momentum on June 4, 2024

On June 05 2024 Errawarra Resources was traded for  0.10  at the closing time. The maximum traded price for the trading interval was 0.11  and the lowest daily price was  0.10 . The daily volume was recorded at 380.4 K. The volume of trading on 5th of June 2024 played a part in the next trading day price appreciation. The overall trading delta to the next closing price was 2.04% . The overall trading delta to the closing price today is 13.27% .

Errawarra Resources Fundamentals Correlations and Trends

By evaluating Errawarra 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 Errawarra Resources' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Errawarra financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Errawarra Resources Stock history

Errawarra 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 Errawarra is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Errawarra 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 Errawarra Resources stock prices may prove useful in developing a viable investing in Errawarra Resources

Errawarra Resources Stock Technical Analysis

Errawarra Resources technical stock 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, stock market cycles, or different charting patterns.
A focus of Errawarra Resources technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Errawarra Resources 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

Errawarra Resources Period Price Range

Low
December 24, 2024
0.00  NaN%
High

 0.00 

     

 0.00 

Errawarra Resources cannot be verified against its exchange. Please verify the symbol is currently traded on Australian Securities 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.

Errawarra Resources December 24, 2024 Market Strength

Market strength indicators help investors to evaluate how Errawarra Resources stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Errawarra Resources shares will generate the highest return on investment. By undertsting and applying Errawarra Resources stock market strength indicators, traders can identify Errawarra Resources entry and exit signals to maximize returns

Errawarra Resources Technical and Predictive Indicators

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

Additional Tools for Errawarra Stock Analysis

When running Errawarra Resources' price analysis, check to measure Errawarra 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 Errawarra Resources is operating at the current time. Most of Errawarra Resources' value examination focuses on studying past and present price action to predict the probability of Errawarra Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Errawarra Resources' price. Additionally, you may evaluate how the addition of Errawarra Resources to your portfolios can decrease your overall portfolio volatility.