Empress Royalty Corp Stock Market Value
| EMPR Stock | CAD 0.34 0.01 2.86% |
| Symbol | Empress |
Empress Royalty Corp Price To Book Ratio
Empress Royalty '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 Empress Royalty'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 Empress Royalty.
| 11/05/2024 |
| 12/05/2024 |
If you would invest 0.00 in Empress Royalty on November 5, 2024 and sell it all today you would earn a total of 0.00 from holding Empress Royalty Corp or generate 0.0% return on investment in Empress Royalty over 30 days. Empress Royalty is related to or competes with Banyan Gold. Empress Royalty Corp. acquires royalty and streaming interests in precious metal mines and mining projects More
Empress Royalty 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 Empress Royalty'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 Empress Royalty Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 18.39 | |||
| Value At Risk | (6.38) | |||
| Potential Upside | 5.56 |
Empress Royalty Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Empress Royalty's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Empress Royalty's standard deviation. In reality, there are many statistical measures that can use Empress Royalty historical prices to predict the future Empress Royalty's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.24) | |||
| Total Risk Alpha | (0.94) | |||
| Treynor Ratio | 1.86 |
Empress Royalty Corp Backtested Returns
Empress Royalty Corp secures Sharpe Ratio (or Efficiency) of -0.0422, which denotes the company had a -0.0422% return per unit of risk over the last 3 months. Empress Royalty Corp exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Empress Royalty's Variance of 13.26, mean deviation of 2.81, and Standard Deviation of 3.64 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.14, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Empress Royalty are expected to decrease at a much lower rate. During the bear market, Empress Royalty is likely to outperform the market. At this point, Empress Royalty Corp has a negative expected return of -0.15%. Please make sure to confirm Empress Royalty's treynor ratio, value at risk, skewness, as well as the relationship between the maximum drawdown and potential upside , to decide if Empress Royalty Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.47 |
Average predictability
Empress Royalty Corp has average predictability. Overlapping area represents the amount of predictability between Empress Royalty time series from 5th of November 2024 to 20th of November 2024 and 20th of November 2024 to 5th 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 Empress Royalty Corp price movement. The serial correlation of 0.47 indicates that about 47.0% of current Empress Royalty price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.47 | |
| Spearman Rank Test | 0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Empress Royalty Corp lagged returns against current returns
Autocorrelation, which is Empress Royalty 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 Empress Royalty's stock expected returns. We can calculate the autocorrelation of Empress Royalty returns to help us make a trade decision. For example, suppose you find that Empress Royalty 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 |
Empress Royalty 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 Empress Royalty stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Empress Royalty stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Empress Royalty stock over time.
Current vs Lagged Prices |
| Timeline |
Empress Royalty Lagged Returns
When evaluating Empress Royalty's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Empress Royalty stock have on its future price. Empress Royalty 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, Empress Royalty autocorrelation shows the relationship between Empress Royalty stock current value and its past values and can show if there is a momentum factor associated with investing in Empress Royalty Corp.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Empress Stock Analysis
When running Empress Royalty's price analysis, check to measure Empress Royalty'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 Empress Royalty is operating at the current time. Most of Empress Royalty's value examination focuses on studying past and present price action to predict the probability of Empress Royalty's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Empress Royalty's price. Additionally, you may evaluate how the addition of Empress Royalty to your portfolios can decrease your overall portfolio volatility.