Ellington Residential Mortgage Stock Price on March 4, 2024

EARN Stock  USD 7.02  0.01  0.14%   
Below is the normalized historical share price chart for Ellington Residential Mortgage extending back to May 01, 2013. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Ellington Residential stands at 7.02, as last reported on the 15th of July 2024, with the highest price reaching 7.10 and the lowest price hitting 7.00 during the day.
IPO Date
1st of May 2013
200 Day MA
6.3528
50 Day MA
7.0186
Beta
1.923
 
Yuan Drop
 
Covid
If you're considering investing in Ellington Stock, it is important to understand the factors that can impact its price. As of now, Ellington Stock is not too volatile. Ellington Residential secures Sharpe Ratio (or Efficiency) of 0.16, which denotes the company had a 0.16% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Ellington Residential Mortgage, which you can use to evaluate the volatility of the firm. Please confirm Ellington Residential's Coefficient Of Variation of 1257.37, mean deviation of 0.8672, and Downside Deviation of 1.38 to check if the risk estimate we provide is consistent with the expected return of 0.17%.
  
At this time, Ellington Residential's Total Stockholder Equity is very stable compared to the past year. As of the 15th of July 2024, Liabilities And Stockholders Equity is likely to grow to about 1.5 B, while Common Stock Total Equity is likely to drop about 115.3 K. . At this time, Ellington Residential's Price To Sales Ratio is very stable compared to the past year. As of the 15th of July 2024, Price Sales Ratio is likely to grow to 7.36, while Price Earnings Ratio is likely to drop 19.00. Ellington Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = 0.1577

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Estimated Market Risk

 1.1
  actual daily
9
91% of assets are more volatile

Expected Return

 0.17
  actual daily
3
97% of assets have higher returns

Risk-Adjusted Return

 0.16
  actual daily
12
88% of assets perform better
Based on monthly moving average Ellington Residential is performing at about 12% 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 Ellington Residential by adding it to a well-diversified portfolio.
Price Book
0.9616
Price Sales
3.8494
Shares Float
19.7 M
Dividend Share
0.96
Wall Street Target Price
7.25

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Ellington Residential Valuation on March 4, 2024

It is possible to determine the worth of Ellington Residential on a given historical date. On March 4, 2024 Ellington was worth 5.76 at the beginning of the trading date compared to the closed value of 5.68. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Ellington Residential stock. Still, in general, we apply an absolute valuation method to find Ellington Residential's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Ellington Residential where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Ellington Residential's related companies.
 Open High Low Close Volume
  5.72    5.74    5.64    5.72    179,262  
03/04/2024
  5.76    5.76    5.66    5.68    159,578  
  5.68    5.75    5.68    5.72    104,638  
Backtest Ellington Residential  |  Ellington Residential History  |  Ellington Residential Valuation   PreviousNext  
Open Value
5.76
5.68
Closing Value
9.05
Upside

Ellington Residential Trading Date Momentum on March 4, 2024

On March 05 2024 Ellington Residential Mortgage was traded for  5.72  at the closing time. The top price for the day was 5.75  and the lowest listed price was  5.68 . The trading volume for the day was 104.6 K. The trading history from March 5, 2024 was a factor to the next trading day price boost. The overall trading delta against the next closing price was 0.70% . The overall trading delta against the current closing price is 7.39% .

Ellington Residential Fundamentals Correlations and Trends

By evaluating Ellington Residential's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Ellington Residential's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Ellington financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Ellington Residential Stock history

Ellington Residential investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Ellington is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Ellington Residential will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Ellington Residential stock prices may prove useful in developing a viable investing in Ellington Residential
Last ReportedProjected for Next Year
Common Stock Shares Outstanding14.9 M11.5 M
Net Loss-27.2 M-25.8 M

Ellington Residential Stock Technical Analysis

Ellington Residential 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.
A focus of Ellington Residential technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Ellington Residential trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Ellington Residential Period Price Range

Low
July 15, 2024
0.00  NaN%
High

 0.00 

     

 0.00 

Ellington Residential Mortgage cannot be verified against its exchange. Please verify the symbol is currently traded on New York Stock Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.

Ellington Residential July 15, 2024 Market Strength

Market strength indicators help investors to evaluate how Ellington Residential stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Ellington Residential shares will generate the highest return on investment. By undertsting and applying Ellington Residential stock market strength indicators, traders can identify Ellington Residential Mortgage entry and exit signals to maximize returns

Ellington Residential Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Ellington Residential's price direction in advance. Along with the technical and fundamental analysis of Ellington Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Ellington to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.

Additional Information and Resources on Investing in Ellington Stock

When determining whether Ellington Residential offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Ellington Residential's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Ellington Residential Mortgage Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Ellington Residential Mortgage Stock:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Ellington Residential Mortgage. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.
You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
Is Mortgage Real Estate Investment Trusts (REITs) 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 Ellington Residential. If investors know Ellington 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 Ellington Residential listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.185
Dividend Share
0.96
Earnings Share
0.34
Revenue Per Share
1.532
Quarterly Revenue Growth
(0.83)
The market value of Ellington Residential is measured differently than its book value, which is the value of Ellington that is recorded on the company's balance sheet. Investors also form their own opinion of Ellington Residential's value that differs from its market value or its book value, called intrinsic value, which is Ellington Residential'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 Ellington Residential's market value can be influenced by many factors that don't directly affect Ellington Residential'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 Ellington Residential's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ellington Residential is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ellington Residential'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.