Elray Resources Stock Performance
| ELRA Stock | USD 0.0004 0.0001 20.00% |
Elray Resources holds a performance score of 6 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -7.28, which means a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Elray Resources are expected to decrease by larger amounts. On the other hand, during market turmoil, Elray Resources is expected to outperform it. Use Elray Resources semi variance, day median price, and the relationship between the value at risk and kurtosis , to analyze future returns on Elray Resources.
Risk-Adjusted Performance
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Modest
Compared to the overall equity markets, risk-adjusted returns on investments in Elray Resources are ranked lower than 6 (%) of all global equities and portfolios over the last 90 days. Despite somewhat fragile basic indicators, Elray Resources sustained solid returns over the last few months and may actually be approaching a breakup point. ...more
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Elray Resources Relative Risk vs. Return Landscape
If you would invest 0.04 in Elray Resources on September 19, 2024 and sell it today you would earn a total of 0.00 from holding Elray Resources or generate 0.0% return on investment over 90 days. Elray Resources is currently generating 1.4174% in daily expected returns and assumes 18.2962% risk (volatility on return distribution) over the 90 days horizon. In different words, most equities are less risky than Elray, and most traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
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Elray Resources Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Elray Resources' investment risk. Standard deviation is the most common way to measure market volatility of pink sheets, such as Elray Resources, and traders can use it to determine the average amount a Elray Resources' 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 = 0.0775
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Estimated Market Risk
| 18.3 actual daily | 96 96% of assets are less volatile |
Expected Return
| 1.42 actual daily | 28 72% of assets have higher returns |
Risk-Adjusted Return
| 0.08 actual daily | 6 94% of assets perform better |
Based on monthly moving average Elray Resources is performing at about 6% of its full potential. 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 Elray Resources by adding it to a well-diversified portfolio.
Elray Resources Fundamentals Growth
Elray Pink Sheet prices reflect investors' perceptions of the future prospects and financial health of Elray Resources, and Elray Resources 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 Elray Pink Sheet performance.
| Return On Asset | -0.75 | |||
| Current Valuation | 7.21 M | |||
| Shares Outstanding | 2.41 B | |||
| Price To Sales | 4.42 X | |||
| Revenue | 484.11 K | |||
| EBITDA | 649.93 K | |||
| Cash And Equivalents | 5.01 K | |||
| Total Debt | 4.95 M | |||
| Book Value Per Share | (0.01) X | |||
| Cash Flow From Operations | 1.85 K | |||
| Earnings Per Share | (0) X | |||
| Total Asset | 2.18 M | |||
| Retained Earnings | (28.38 M) | |||
| Current Asset | 2.17 M | |||
| Current Liabilities | 12.51 M | |||
About Elray Resources Performance
By analyzing Elray Resources' fundamental ratios, stakeholders can gain valuable insights into Elray Resources' financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Elray Resources 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 Elray Resources has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
Elray Resources, Inc., a technology company, owns and licenses gaming intellectual property, gaming content, gaming domains, and trademarks in the United States and internationally. It provides marketing tools and CRM systems for online gaming operators. Elray Resources operates under Gambling classification in the United States and is traded on OTC Exchange.Things to note about Elray Resources performance evaluation
Checking the ongoing alerts about Elray Resources for important developments is a great way to find new opportunities for your next move. Pink Sheet alerts and notifications screener for Elray Resources help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Elray Resources is way too risky over 90 days horizon | |
| Elray Resources has some characteristics of a very speculative penny stock | |
| Elray Resources appears to be risky and price may revert if volatility continues | |
| Elray Resources has a very high chance of going through financial distress in the upcoming years | |
| Elray Resources currently holds 4.95 M in liabilities. Elray Resources has a current ratio of 0.01, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist Elray Resources until it has trouble settling it off, either with new capital or with free cash flow. So, Elray Resources' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Elray Resources sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Elray to invest in growth at high rates of return. When we think about Elray Resources' use of debt, we should always consider it together with cash and equity. | |
| The entity reported the previous year's revenue of 484.11 K. Net Loss for the year was (1.09 M) with profit before overhead, payroll, taxes, and interest of 632 K. |
- Analyzing Elray Resources' 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 Elray Resources' stock is overvalued or undervalued compared to its peers.
- Examining Elray Resources' 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 Elray Resources' management team can have a significant impact on its success or failure. Reviewing the track record and experience of Elray Resources' management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Elray Resources' pink sheet. These opinions can provide insight into Elray Resources' potential for growth and whether the stock is currently undervalued or overvalued.
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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