Gaming Americas Weekly Roundup March 13-19 European ... - European Gaming Industry News
| ELRA Stock | USD 0.0004 0.0001 20.00% |
About 61% of Elray Resources' investor base is looking to short. The analysis of overall sentiment of trading Elray Resources pink sheet suggests that many investors are alarmed at this time. The current market sentiment, together with Elray Resources' historical and current headlines, can help investors time the market. In addition, many technical investors use Elray Resources stock news signals to limit their universe of possible portfolio assets.
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Gaming Americas Weekly Roundup March 13-19 European ... European Gaming Industry News
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Elray Resources Fundamental Analysis
We analyze Elray Resources' financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Elray Resources using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Elray Resources 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.
Current Valuation
Current Valuation Comparative Analysis
Elray Resources is currently under evaluation in current valuation category among its peers. Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
Elray Resources 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 Elray Resources pink sheet to make a market-neutral strategy. Peer analysis of Elray Resources could also be used in its relative valuation, which is a method of valuing Elray Resources by comparing valuation metrics with similar companies.
Peers
Elray Resources Related Equities
| EVRI | Everi Holdings | 0.22 |
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| GAN | Gan | 1.09 |
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| CHDN | Churchill Downs | 1.67 |
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| LNW | Light Wonder | 3.93 |
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| IGT | International Game | 4.02 |
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| INSE | Inspired Entertainment | 4.15 |
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| ACEL | Accel Entertainment | 4.67 |
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| RSI | Rush Street | 6.34 |
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| LTRY | Lottery, Common | 15.15 |
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Complementary Tools for Elray Pink Sheet analysis
When running Elray Resources' price analysis, check to measure Elray 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 Elray Resources is operating at the current time. Most of Elray Resources' value examination focuses on studying past and present price action to predict the probability of Elray Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Elray Resources' price. Additionally, you may evaluate how the addition of Elray Resources to your portfolios can decrease your overall portfolio volatility.
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