ERVFF OTC Stock Volatility

ERVFF -  USA Stock  

USD 0.07  0.0003  0.45%

Erin Ventures secures Sharpe Ratio (or Efficiency) of -0.11, which denotes the company had -0.11% of return per unit of risk over the last 3 months. Macroaxis standpoint towards predicting the risk of any stock is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. Erin Ventures exposes twenty-one different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Erin Ventures mean deviation of 3.66, and Coefficient Of Variation of (1,135) to check the risk estimate we provide.

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Erin Ventures OTC Stock volatility depicts how high the prices fluctuate around the mean (or its average) price. In other words, it is a statistical measure of the distribution of ERVFF daily returns, and it is calculated using variance and standard deviation. We also use ERVFF's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of Erin Ventures volatility.

30 Days Market Risk

Out of control

Chance of Distress

Below Average

30 Days Economic Sensitivity

Almost mirrors the market

Erin Ventures Market Sensitivity And Downside Risk

Erin Ventures' beta coefficient measures the volatility of ERVFF otc stock compared to the systematic risk of the entire stock market represented by your selected benchmark. In mathematical terms, beta represents the slope of the line through a regression of data points where each of these points represents ERVFF otc stock's returns against your selected market. In other words, Erin Ventures's beta of 1.11 provides an investor with an approximation of how much risk Erin Ventures otc stock can potentially add to one of your existing portfolios.
Let's try to break down what ERVFF's beta means in this case. Erin Ventures returns are very sensitive to returns on the market. As the market goes up or down, Erin Ventures is expected to follow.
3 Months Beta |Analyze Erin Ventures Demand Trend
Check current 90 days Erin Ventures correlation with market (DOW)

ERVFF Beta

    
  1.11  
ERVFF standard deviation measures the daily dispersion of prices over your selected time horizon relative to its mean. Typical volatile equity has a high standard deviation, while the deviation of a stable instrument is usually low. As a downside, the standard deviation calculates all uncertainty as risk, even when it is in your favor, such as above-average returns.

Standard Deviation

    
  7.24  
It is essential to understand the difference between upside risk (as represented by Erin Ventures's standard deviation) and the downside risk, which can be measured by semi-deviation or downside deviation of Erin Ventures stock's daily returns or price. Since the actual investment returns on holding a position in Erin Ventures stock tend to have a non-normal distribution, there will be different probabilities for losses than for gains. The likelihood of losses is reflected in the downside risk of an investment in Erin Ventures.

Erin Ventures OTC Stock Volatility Analysis

Transformation
The output start index for this execution was zero with a total number of output elements of sixty-one. Erin Ventures Average Price is the average of the sum of open, high, low and close daily prices of a bar. It can be used to smooth an indicator that normally takes just the closing price as input. View also all equity analysis or get more info about average price price transform indicator.

Erin Ventures Projected Return Density Against Market

Assuming the 90 days horizon the otc stock has the beta coefficient of 1.1129 suggesting Erin Ventures market returns are highly-sensitive to returns on the market. As the market goes up or down, Erin Ventures is expected to follow.
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Erin Ventures or Basic Materials sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Erin Ventures stock's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a ERVFF stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
The company has a negative alpha, implying that the risk taken by holding this instrument is not justified. Erin Ventures is significantly underperforming DOW.
 Predicted Return Density 
      Returns 

Erin Ventures OTC Stock Risk Measures

Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Erin Ventures or Basic Materials sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Erin Ventures stock's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a ERVFF stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
Assuming the 90 days horizon the coefficient of variation of Erin Ventures is -903.87. The daily returns are distributed with a variance of 52.47 and standard deviation of 7.24. The mean deviation of Erin Ventures is currently at 3.88. For similar time horizon, the selected benchmark (DOW) has volatility of 0.69
α
Alpha over DOW
-0.67
β
Beta against DOW1.11
σ
Overall volatility
7.24
Ir
Information ratio -0.09

Erin Ventures OTC Stock Return Volatility

Erin Ventures historical daily return volatility represents how much Erin Ventures stock's price daily returns swing around its mean daily price change - it is a statistical measure of its dispersion of returns. The firm shows 7.2435% volatility of returns over 90 . By contrast, DOW inherits 0.7149% risk (volatility on return distribution) over the 90 days horizon.
 Performance (%) 
      Timeline 

About Erin Ventures Volatility

Volatility is a rate at which the price of Erin Ventures or any other equity instrument increases or decreases for a given set of returns. It is measured by calculating the standard deviation of the annualized returns over a given period of time and shows the range to which the price of Erin Ventures may increase or decrease. In other words, similar to ERVFF's beta indicator, it measures the risk of Erin Ventures and helps estimate the fluctuations that may happen in a short period of time. So if prices of Erin Ventures fluctuate rapidly in a short time span, it is termed to have high volatility, and if it swings slowly in a more extended period, it is understood to have low volatility.
Please read more on our technical analysis page.
Erin Ventures Inc. engages in the acquisition, exploration, and development of mineral properties. The company was incorporated in 1993 and is based in Victoria, Canada. Erin Ventures operates under Other Industrial Metals Mining classification in the United States and is traded on OTC Exchange.

Erin Ventures Investment Opportunity

Erin Ventures has a volatility of 7.24 and is 10.2 times more volatile than DOW. 62  of all equities and portfolios are less risky than Erin Ventures. Compared to the overall equity markets, volatility of historical daily returns of Erin Ventures is higher than 62 () of all global equities and portfolios over the last 90 days. Use Erin Ventures to protect your portfolios against small market fluctuations. The otc stock experiences a normal downward fluctuation but is a risky buy. Check odds of Erin Ventures to be traded at $0.0663 in 90 days. . Let's try to break down what ERVFF's beta means in this case. Erin Ventures returns are very sensitive to returns on the market. As the market goes up or down, Erin Ventures is expected to follow.

Average diversification

The correlation between Erin Ventures and DJI is Average diversification for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Erin Ventures and DJI in the same portfolio assuming nothing else is changed.

Erin Ventures Additional Risk Indicators

The analysis of Erin Ventures' secondary risk indicators is one of the essential steps in making a buy or sell decision. The process involves identifying the amount of risk involved in Erin Ventures' investment and either accepting that risk or mitigating it. Along with some common measures of Erin Ventures stock risk such as standard deviation, beta, or value at risk, we also provide a set of secondary indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
Risk Adjusted Performance(0.05)
Market Risk Adjusted Performance(0.56)
Mean Deviation3.66
Coefficient Of Variation(1,135)
Standard Deviation7.05
Variance49.71
Information Ratio(0.09)
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential stock investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.

Erin Ventures Suggested Diversification Pairs

Pair trading is one of the very effective strategies used by professional day traders and hedge funds capitalizing on short-time and mid-term market inefficiencies. The approach is based on the fact that the ratio of prices of two correlating shares is long-term stable and oscillates around the average value. If the correlation ratio comes outside the common area, you can speculate with a high success rate that the ratio will return to the mean value and collect a profit.
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The effect of pair diversification on risk is to reduce it, but we should note this doesn't apply to all risk types. When we trade pairs against Erin Ventures as a counterpart, there is always some inherent risk that will never be diversified away no matter what. This volatility limits the effect of tactical diversification using pair trading. Erin Ventures' systematic risk is the inherent uncertainty of the entire market, and therefore cannot be mitigated even by pair-trading it against the equity that is not highly correlated to it. On the other hand, Erin Ventures' unsystematic risk describes the types of risk that we can protect against, at least to some degree, by selecting a matching pair that is not perfectly correlated to Erin Ventures.
Continue to Investing Opportunities. Note that the Erin Ventures information on this page should be used as a complementary analysis to other Erin Ventures' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.

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The market value of Erin Ventures is measured differently than its book value, which is the value of ERVFF that is recorded on the company's balance sheet. Investors also form their own opinion of Erin Ventures' value that differs from its market value or its book value, called intrinsic value, which is Erin Ventures' 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 Erin Ventures' market value can be influenced by many factors that don't directly affect Erin Ventures underlying business (such as pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Erin Ventures' value and its price as these two are different measures arrived at by different means. Investors typically determine Erin Ventures value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Erin Ventures' 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.