Erhc Energy Stock Market Value
| ERHE Stock | USD 0.0001 0.00 0.00% |
| Symbol | ERHC |
ERHC Energy Price To Book Ratio
Is ERHC Energy's industry 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 ERHC Energy. If investors know ERHC 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 ERHC Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.04) | Return On Assets (0.83) |
The market value of ERHC Energy is measured differently than its book value, which is the value of ERHC that is recorded on the company's balance sheet. Investors also form their own opinion of ERHC Energy's value that differs from its market value or its book value, called intrinsic value, which is ERHC Energy'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 ERHC Energy's market value can be influenced by many factors that don't directly affect ERHC Energy'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 ERHC Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if ERHC Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ERHC Energy'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.
ERHC Energy '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 ERHC Energy'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 ERHC Energy.
| 03/29/2024 |
| 04/28/2024 |
If you would invest 0.00 in ERHC Energy on March 29, 2024 and sell it all today you would earn a total of 0.00 from holding ERHC Energy or generate 0.0% return on investment in ERHC Energy over 30 days. ERHC Energy is related to or competes with Frontera Energy, Coterra Energy, Eco (Atlantic), PetroTal Corp, Athabasca Oil, Sintana Energy, and CGX Energy. ERHC Energy Inc. engages in the exploration and exploitation of oil and gas resources in Africa More
ERHC Energy 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 ERHC Energy'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 ERHC Energy upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0741 | |||
| Maximum Drawdown | 266.67 |
ERHC Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ERHC Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ERHC Energy's standard deviation. In reality, there are many statistical measures that can use ERHC Energy historical prices to predict the future ERHC Energy's volatility.| Risk Adjusted Performance | 0.0581 | |||
| Jensen Alpha | 1.77 | |||
| Total Risk Alpha | (1.30) | |||
| Treynor Ratio | 0.6574 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of ERHC Energy's 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.
ERHC Energy Backtested Returns
ERHC Energy secures Sharpe Ratio (or Efficiency) of -0.12, which denotes the company had a -0.12% return per unit of return volatility over the last 3 months. ERHC Energy exposes sixteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm ERHC Energy's mean deviation of 6.0, and Standard Deviation of 26.07 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 3.06, which means a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, ERHC Energy will likely underperform. ERHC Energy has an expected return of -1.04%. Please make sure to confirm ERHC Energy information ratio, as well as the relationship between the skewness and day median price , to decide if ERHC Energy performance from the past will be repeated in the future.
Auto-correlation | 0.00 |
No correlation between past and present
ERHC Energy has no correlation between past and present. Overlapping area represents the amount of predictability between ERHC Energy time series from 29th of March 2024 to 13th of April 2024 and 13th of April 2024 to 28th 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 ERHC Energy price movement. The serial correlation of 0.0 indicates that just 0.0% of current ERHC Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
ERHC Energy lagged returns against current returns
Autocorrelation, which is ERHC Energy 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 ERHC Energy's stock expected returns. We can calculate the autocorrelation of ERHC Energy returns to help us make a trade decision. For example, suppose you find that ERHC Energy 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 |
ERHC Energy 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 ERHC Energy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ERHC Energy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ERHC Energy stock over time.
Current vs Lagged Prices |
| Timeline |
ERHC Energy Lagged Returns
When evaluating ERHC Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ERHC Energy stock have on its future price. ERHC Energy 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, ERHC Energy autocorrelation shows the relationship between ERHC Energy stock current value and its past values and can show if there is a momentum factor associated with investing in ERHC Energy.
Regressed Prices |
| Timeline |
Pair Trading with ERHC Energy
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 ERHC Energy 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 ERHC Energy will appreciate offsetting losses from the drop in the long position's value.Moving together with ERHC Stock
| 0.63 | EP | Empire Petroleum Corp | PairCorr |
Moving against ERHC Stock
| 0.81 | SM | SM Energy | PairCorr |
| 0.8 | PR | Permian Resources Financial Report 13th of May 2024 | PairCorr |
| 0.78 | VIST | Vista Oil Gas | PairCorr |
| 0.78 | VTLE | Vital Energy Financial Report 14th of May 2024 | PairCorr |
| 0.76 | FANG | Diamondback Energy Financial Report 6th of May 2024 | PairCorr |
The ability to find closely correlated positions to ERHC Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ERHC Energy 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 ERHC Energy - 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 ERHC Energy to buy it.
The correlation of ERHC Energy 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 ERHC Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ERHC Energy 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 ERHC Energy 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 ERHC Energy Correlation, ERHC Energy Volatility and ERHC Energy Alpha and Beta module to complement your research on ERHC Energy. For information on how to trade ERHC Stock refer to our How to Trade ERHC Stock guide.Note that the ERHC Energy information on this page should be used as a complementary analysis to other ERHC Energy's 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 the Equity Valuation module to check real value of public entities based on technical and fundamental data.
Complementary Tools for ERHC Stock analysis
When running ERHC Energy's price analysis, check to measure ERHC Energy'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 ERHC Energy is operating at the current time. Most of ERHC Energy's value examination focuses on studying past and present price action to predict the probability of ERHC Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ERHC Energy's price. Additionally, you may evaluate how the addition of ERHC Energy to your portfolios can decrease your overall portfolio volatility.
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ERHC Energy 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.