Eloro Financial Statements From 2010 to 2025
| ELO Stock | 1.25 0.01 0.79% |
Check Eloro Resources financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Eloro Resources' main balance sheet or income statement drivers, such as , as well as many indicators such as . Eloro financial statements analysis is a perfect complement when working with Eloro Resources Valuation or Volatility modules.
Eloro |
Eloro Resources Company Shares Outstanding Analysis
Eloro Resources' Outstanding Shares are shares of common stock of a public company that were purchased by investors after they were authorized and issued by the company to the public. Outstanding Shares are typically reported on fully diluted basis, including exotic instruments such as options, or convertibles bonds.
Current Eloro Resources Shares Outstanding | 94.64 M |
Most of Eloro Resources' fundamental indicators, such as Shares Outstanding, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Eloro Resources is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Outstanding shares that are stated on company Balance Sheet are used when calculating many important valuation and performance indicators including Return on Equity, Market Cap, EPS and many others.
| Competition |
Based on the latest financial disclosure, Eloro Resources has 94.64 M of shares currently outstending. This is 84.59% lower than that of the Metals & Mining sector and 73.73% lower than that of the Materials industry. The shares outstanding for all Canada stocks is 83.45% higher than that of the company.
Eloro Resources Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Eloro Resources's current stock value. Our valuation model uses many indicators to compare Eloro Resources value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Eloro Resources competition to find correlations between indicators driving Eloro Resources's intrinsic value. More Info.Eloro Resources is one of the top stocks in return on equity category among its peers. It also is one of the top stocks in return on asset category among its peers . Comparative valuation analysis is a catch-all model that can be used if you cannot value Eloro Resources by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Eloro Resources' Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.About Eloro Resources Financial Statements
Eloro Resources investors utilize fundamental indicators, such as revenue or net income, to predict how Eloro Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
Pair Trading with Eloro 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 Eloro 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 Eloro Resources will appreciate offsetting losses from the drop in the long position's value.Moving together with Eloro Stock
| 0.77 | AG | First Majestic Silver | PairCorr |
| 0.85 | IE | Ivanhoe Energy Earnings Call This Week | PairCorr |
| 0.76 | FDY | Faraday Copper Corp | PairCorr |
Moving against Eloro Stock
The ability to find closely correlated positions to Eloro 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 Eloro 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 Eloro 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 Eloro Resources to buy it.
The correlation of Eloro 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 Eloro Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Eloro Resources 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 Eloro 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.Other Information on Investing in Eloro Stock
Eloro Resources financial ratios help investors to determine whether Eloro Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Eloro with respect to the benefits of owning Eloro Resources security.