Etruscus Resources Corp Stock Market Value
| ETRUF Stock | USD 0.05 0.00 0.00% |
| Symbol | Etruscus |
Etruscus Resources '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 Etruscus Resources' pink sheet 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 Etruscus Resources.
| 01/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Etruscus Resources on January 26, 2024 and sell it all today you would earn a total of 0.00 from holding Etruscus Resources Corp or generate 0.0% return on investment in Etruscus Resources over 90 days. Etruscus Resources is related to or competes with Altius Minerals, EMX Royalty, Ivanhoe Mines, Rio Tinto, Lithium Americas, and O3 Mining. Etruscus Resources Corp., a mineral exploration company, engages in the exploration of mineral properties in Canada More
Etruscus Resources 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 Etruscus Resources' pink sheet 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 Etruscus Resources Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0864 | |||
| Maximum Drawdown | 69.84 |
Etruscus Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Etruscus Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Etruscus Resources' standard deviation. In reality, there are many statistical measures that can use Etruscus Resources historical prices to predict the future Etruscus Resources' volatility.| Risk Adjusted Performance | 0.0694 | |||
| Jensen Alpha | 0.9676 | |||
| Total Risk Alpha | (0.40) | |||
| Treynor Ratio | (1.69) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Etruscus Resources' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Etruscus Resources Corp Backtested Returns
Etruscus Resources appears to be out of control, given 3 months investment horizon. Etruscus Resources Corp secures Sharpe Ratio (or Efficiency) of 0.0993, which denotes the company had a 0.0993% return per unit of risk over the last 3 months. By reviewing Etruscus Resources' technical indicators, you can evaluate if the expected return of 0.99% is justified by implied risk. Please utilize Etruscus Resources' Variance of 93.53, standard deviation of 9.67, and Mean Deviation of 2.68 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Etruscus Resources holds a performance score of 7. The firm shows a Beta (market volatility) of -0.54, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Etruscus Resources are expected to decrease at a much lower rate. During the bear market, Etruscus Resources is likely to outperform the market. Please check Etruscus Resources' information ratio and rate of daily change , to make a quick decision on whether Etruscus Resources' price patterns will revert.
Auto-correlation | -0.35 |
Poor reverse predictability
Etruscus Resources Corp has poor reverse predictability. Overlapping area represents the amount of predictability between Etruscus Resources time series from 26th of January 2024 to 11th of March 2024 and 11th of March 2024 to 25th of April 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 Etruscus Resources Corp price movement. The serial correlation of -0.35 indicates that nearly 35.0% of current Etruscus Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.35 | |
| Spearman Rank Test | 0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Etruscus Resources Corp lagged returns against current returns
Autocorrelation, which is Etruscus Resources pink sheet'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 Etruscus Resources' pink sheet expected returns. We can calculate the autocorrelation of Etruscus Resources returns to help us make a trade decision. For example, suppose you find that Etruscus Resources has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Etruscus Resources 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 Etruscus Resources pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Etruscus Resources pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Etruscus Resources pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Etruscus Resources Lagged Returns
When evaluating Etruscus Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Etruscus Resources pink sheet have on its future price. Etruscus Resources 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, Etruscus Resources autocorrelation shows the relationship between Etruscus Resources pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Etruscus Resources Corp.
Regressed Prices |
| Timeline |
Pair Trading with Etruscus Resources
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Etruscus Resources position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Etruscus Resources will appreciate offsetting losses from the drop in the long position's value.Moving against Etruscus Pink Sheet
| 0.77 | TLK | Telkom Indonesia Tbk Financial Report 26th of April 2024 | PairCorr |
| 0.63 | VFS | VinFast Auto Financial Report 20th of May 2024 | PairCorr |
| 0.59 | VFSWW | VinFast Auto | PairCorr |
The ability to find closely correlated positions to Etruscus Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Etruscus Resources when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Etruscus Resources - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Etruscus Resources Corp to buy it.
The correlation of Etruscus Resources is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Etruscus Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Etruscus Resources Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Etruscus Resources can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Etruscus Resources Correlation, Etruscus Resources Volatility and Etruscus Resources Alpha and Beta module to complement your research on Etruscus Resources. You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.
Complementary Tools for Etruscus Pink Sheet analysis
When running Etruscus Resources' price analysis, check to measure Etruscus 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 Etruscus Resources is operating at the current time. Most of Etruscus Resources' value examination focuses on studying past and present price action to predict the probability of Etruscus Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Etruscus Resources' price. Additionally, you may evaluate how the addition of Etruscus Resources to your portfolios can decrease your overall portfolio volatility.
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Etruscus Resources technical pink sheet 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, pink sheet market cycles, or different charting patterns.