Erdene Resource Development Stock Performance
| ERDCF Stock | USD 0.38 0.01 2.70% |
The firm shows a Beta (market volatility) of -0.59, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Erdene Resource are expected to decrease at a much lower rate. During the bear market, Erdene Resource is likely to outperform the market. At this point, Erdene Resource Deve has a negative expected return of -0.0057%. Please make sure to confirm Erdene Resource's treynor ratio, expected short fall, and the relationship between the jensen alpha and potential upside , to decide if Erdene Resource Deve performance from the past will be repeated at some point in the near future.
Risk-Adjusted Performance
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Over the last 90 days Erdene Resource Development has generated negative risk-adjusted returns adding no value to investors with long positions. Despite nearly stable fundamental indicators, Erdene Resource is not utilizing all of its potentials. The current stock price disturbance, may contribute to mid-run losses for the stockholders. ...more
| Begin Period Cash Flow | 12.8 M | |
| Total Cashflows From Investing Activities | -8.8 M |
Erdene |
Erdene Resource Relative Risk vs. Return Landscape
If you would invest 40.00 in Erdene Resource Development on September 23, 2024 and sell it today you would lose (2.00) from holding Erdene Resource Development or give up 5.0% of portfolio value over 90 days. Erdene Resource Development is currently producing negative expected returns and takes up 3.8868% volatility of returns over 90 trading days. Put another way, 34% of traded pink sheets are less volatile than Erdene, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Erdene Resource Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Erdene Resource's investment risk. Standard deviation is the most common way to measure market volatility of pink sheets, such as Erdene Resource Development, and traders can use it to determine the average amount a Erdene Resource's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = -0.0015
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| Negative Returns | ERDCF |
Estimated Market Risk
| 3.89 actual daily | 34 66% of assets are more volatile |
Expected Return
| -0.01 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.0 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 Fundamentals Growth
Erdene Pink Sheet prices reflect investors' perceptions of the future prospects and financial health of Erdene Resource, and Erdene Resource fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Erdene Pink Sheet performance.
| Return On Equity | -0.15 | |||
| Return On Asset | -0.0946 | |||
| Current Valuation | 65.77 M | |||
| Shares Outstanding | 344.3 M | |||
| Price To Earning | (24.78) X | |||
| Price To Book | 1.84 X | |||
| EBITDA | (5.48 M) | |||
| Cash And Equivalents | 395.46 K | |||
| Total Debt | 116.44 K | |||
| Debt To Equity | 0 % | |||
| Book Value Per Share | 0.15 X | |||
| Cash Flow From Operations | (5.24 M) | |||
| Earnings Per Share | (0.02) X | |||
| Total Asset | 46.54 M | |||
About Erdene Resource Performance
By analyzing Erdene Resource's fundamental ratios, stakeholders can gain valuable insights into Erdene Resource's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Erdene Resource has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Erdene Resource has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
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.Things to note about Erdene Resource Deve performance evaluation
Checking the ongoing alerts about Erdene Resource for important developments is a great way to find new opportunities for your next move. Pink Sheet alerts and notifications screener for Erdene Resource Deve help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Erdene Resource Deve generated a negative expected return over the last 90 days | |
| Erdene Resource Deve has some characteristics of a very speculative penny stock | |
| Erdene Resource Deve has high historical volatility and very poor performance | |
| Erdene Resource Deve has high likelihood to experience some financial distress in the next 2 years | |
| Net Loss for the year was (5.57 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Erdene Resource Development has accumulated about 395.46 K in cash with (5.24 M) of positive cash flow from operations. | |
| Roughly 22.0% of the company shares are held by company insiders |
- Analyzing Erdene Resource's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Erdene Resource's stock is overvalued or undervalued compared to its peers.
- Examining Erdene Resource's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Erdene Resource's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Erdene Resource's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Erdene Resource's pink sheet. These opinions can provide insight into Erdene Resource's potential for growth and whether the stock is currently undervalued or overvalued.
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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