Electra Shareholders Approve Key Initiatives Amid Nasdaq Compliance Efforts - TipRanks
| ELBM Stock | 0.54 0.05 8.47% |
Slightly above 61% of Electra Battery's investor base is looking to short. The current sentiment regarding investing in Electra Battery Materials stock implies that many traders are alarmed. Electra Battery's investing sentiment can be driven by a variety of factors including economic data, Electra Battery's earnings reports, geopolitical events, and overall market trends.
Electra Battery stock news, alerts, and headlines are usually related to its technical, predictive, social, and fundamental indicators. It can reflect on the current distribution of Electra daily returns and investor perception about the current price of Electra Battery Materials as well as its diversification or hedging effects on your existing portfolios.
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Electra Shareholders Approve Key Initiatives Amid Nasdaq Compliance Efforts TipRanks
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Electra Battery Fundamental Analysis
We analyze Electra Battery's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Electra Battery using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Electra Battery based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Beta
Beta Comparative Analysis
Electra Battery is currently under evaluation in beta category among its peers. Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Electra Battery Materials Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Electra Battery stock to make a market-neutral strategy. Peer analysis of Electra Battery could also be used in its relative valuation, which is a method of valuing Electra Battery by comparing valuation metrics with similar companies.
Peers
Electra Battery Related Equities
| ETL | E3 Lithium | 1.08 | ||||
| CNC | Canada Nickel | 1.08 | ||||
| ELBM | Electra Battery | 5.00 | ||||
| FL | Frontier Lithium | 6.67 |
Additional Tools for Electra Stock Analysis
When running Electra Battery's price analysis, check to measure Electra Battery'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 Electra Battery is operating at the current time. Most of Electra Battery's value examination focuses on studying past and present price action to predict the probability of Electra Battery's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Electra Battery's price. Additionally, you may evaluate how the addition of Electra Battery to your portfolios can decrease your overall portfolio volatility.