Errawarra Resources (Australia) Price on October 17, 2023
| ERW Stock | 0.05 0 7.27% |
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 0.05, as last reported on the 27th of December, with the highest price reaching 0.05 and the lowest price hitting 0.05 during the day. Errawarra Resources secures Sharpe Ratio (or Efficiency) of -0.0737, which denotes the company had a -0.0737% return per unit of risk over the last 3 months. Errawarra Resources exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Errawarra Resources' Standard Deviation of 8.1, mean deviation of 5.33, and Variance of 65.66 to check the risk estimate we provide.
At this time, Errawarra Resources' Common Stock Shares Outstanding is comparatively stable compared to the past year. Other Stockholder Equity is likely to gain to about 4.5 M in 2024, whereas Capital Stock is likely to drop slightly above 7.8 M in 2024. . Errawarra Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Errawarra |
Sharpe Ratio = -0.0737
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Estimated Market Risk
| 8.08 actual daily | 71 71% of assets are less volatile |
Expected Return
| -0.6 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.07 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.
Price Book 2.5008 | Book Value 0.022 | Enterprise Value 3.5 M | Enterprise Value Ebitda (1.25) | Price Sales 240.2207 |
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Errawarra Resources Valuation on October 17, 2023
It is possible to determine the worth of Errawarra Resources on a given historical date. On October 17, 2023 Errawarra was worth 0.098 at the beginning of the trading date compared to the closed value of 0.095. 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 | 0.1 | 0.1 | 364,683 | |
10/17/2023 | 0.1 | 0.1 | 0.09 | 0.1 | 163,101 |
| 0.09 | 0.09 | 0.09 | 0.09 | 149,204 |
| Backtest Errawarra Resources | | | Errawarra Resources History | | | Errawarra Resources Valuation | Previous | Next |
Errawarra Resources Trading Date Momentum on October 17, 2023
| On October 18 2023 Errawarra Resources was traded for 0.09 at the closing time. The maximum traded price for the trading interval was 0.09 and the lowest daily price was 0.09 . The daily volume was recorded at 149.2 K. The volume of trading on 18th of October 2023 played a part in the next trading day price drop. The overall trading delta to the next closing price was 5.26% . The overall trading delta to the closing price today is 57.89% . |
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
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 85.3 M | 89.6 M | |
| Net Loss | -2.3 M | -2.2 M |
Errawarra Resources Quarterly Net Working Capital |
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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.
Price Boundaries
Errawarra Resources Period Price Range
Low | December 27, 2024
| 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 27, 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.
| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.50) | |||
| Total Risk Alpha | (0.99) | |||
| Treynor Ratio | 0.4761 |
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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.