Electra Battery Materials Stock Market Value
| ELBM Stock | USD 0.41 0.02 4.42% |
| Symbol | Electra |
Electra Battery Materials Price To Book Ratio
Is Diversified Metals & Mining space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Electra Battery. If investors know Electra will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Electra Battery listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.01) | Return On Assets (0.04) | Return On Equity (0.78) |
The market value of Electra Battery Materials is measured differently than its book value, which is the value of Electra that is recorded on the company's balance sheet. Investors also form their own opinion of Electra Battery's value that differs from its market value or its book value, called intrinsic value, which is Electra Battery's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Electra Battery's market value can be influenced by many factors that don't directly affect Electra Battery's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Electra Battery's value and its price as these two are different measures arrived at by different means. Investors typically determine if Electra Battery is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Electra Battery's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Electra Battery 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Electra Battery's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Electra Battery.
| 08/19/2023 |
| 12/11/2024 |
If you would invest 0.00 in Electra Battery on August 19, 2023 and sell it all today you would earn a total of 0.00 from holding Electra Battery Materials or generate 0.0% return on investment in Electra Battery over 480 days. Electra Battery is related to or competes with Ioneer, Cypress Development, FPX Nickel, Frontier Lithium, and Ascot Resources. Electra Battery Materials Corporation acquires and explores for resource properties in the United States and Canada More
Electra Battery Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Electra Battery's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Electra Battery Materials upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 19.91 | |||
| Value At Risk | (5.56) | |||
| Potential Upside | 7.69 |
Electra Battery Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Electra Battery's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Electra Battery's standard deviation. In reality, there are many statistical measures that can use Electra Battery historical prices to predict the future Electra Battery's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.49) | |||
| Total Risk Alpha | (0.89) | |||
| Treynor Ratio | (0.11) |
Electra Battery Materials Backtested Returns
Electra Battery Materials secures Sharpe Ratio (or Efficiency) of -0.17, which denotes the company had a -0.17% return per unit of risk over the last 3 months. Electra Battery Materials exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Electra Battery's Variance of 16.5, standard deviation of 4.06, and Mean Deviation of 3.1 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 2.15, which means a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Electra Battery will likely underperform. At this point, Electra Battery Materials has a negative expected return of -0.63%. Please make sure to confirm Electra Battery's total risk alpha and the relationship between the potential upside and market facilitation index , to decide if Electra Battery Materials performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.18 |
Insignificant reverse predictability
Electra Battery Materials has insignificant reverse predictability. Overlapping area represents the amount of predictability between Electra Battery time series from 19th of August 2023 to 15th of April 2024 and 15th of April 2024 to 11th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Electra Battery Materials price movement. The serial correlation of -0.18 indicates that over 18.0% of current Electra Battery price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.18 | |
| Spearman Rank Test | -0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Electra Battery Materials lagged returns against current returns
Autocorrelation, which is Electra Battery stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Electra Battery's stock expected returns. We can calculate the autocorrelation of Electra Battery returns to help us make a trade decision. For example, suppose you find that Electra Battery has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Electra Battery regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Electra Battery stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Electra Battery stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Electra Battery stock over time.
Current vs Lagged Prices |
| Timeline |
Electra Battery Lagged Returns
When evaluating Electra Battery's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Electra Battery stock have on its future price. Electra Battery autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Electra Battery autocorrelation shows the relationship between Electra Battery stock current value and its past values and can show if there is a momentum factor associated with investing in Electra Battery Materials.
Regressed Prices |
| Timeline |
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Electra Battery 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.