You can utilize Erdene Resource Deve fundamental data analysis to find out if markets are presently mispricing the company. We were able to break down twenty-nine available fundamental indicators for Erdene Resource Development, which can be compared to its peers. The stock experiences a very speculative upward sentiment. Check odds of Erdene Resource to be traded at C$13.4 in 90 days. Key indicators impacting Erdene Resource's financial strength include:
Understanding current and past Erdene Resource Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Erdene Resource's financial statements are interrelated, with each one affecting the others. For example, an increase in Erdene Resource's assets may result in an increase in income on the income statement.
Erdene Resource competes with Silver X, Troilus Gold, Generation Mining, Kore Mining, and Canagold Resources. Erdene Resource Development Corporation focuses in the acquisition, exploration, and development of precious and base mineral deposits in Mongolia. Erdene Resource Development Corporation was incorporated in 2000 and is headquartered in Dartmouth, Canada. ERDENE RESOURCE operates under Other Industrial Metals Mining classification in Canada and is traded on Toronto Stock Exchange.
You should never invest in Erdene Resource without having analyzed its financial statements. Do not rely on someone else's analysis or guesses about the future performance of Erdene Stock, because this is throwing your money away. Analyzing the key information contained in Erdene Resource's financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.
Erdene Resource Key Financial Ratios
Erdene Resource's financial ratios allow both analysts and investors to convert raw data from Erdene Resource's financial statements into concise, actionable information that can be used to evaluate the performance of Erdene Resource over time and compare it to other companies across industries.
Comparative valuation techniques use various fundamental indicators to help in determining Erdene Resource's current stock value. Our valuation model uses many indicators to compare Erdene Resource value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Erdene Resource competition to find correlations between indicators driving Erdene Resource's intrinsic value. More Info.
Erdene Resource Development is rated # 4 in return on equity category among its peers. It also is rated # 4 in return on asset category among its peers . At this time, Erdene Resource's Return On Equity is very stable compared to the past year. Comparative valuation analysis is a catch-all model that can be used if you cannot value Erdene Resource by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Erdene Resource's 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.
Erdene Resource Deve Systematic Risk
Erdene Resource's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Erdene Resource volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was twenty-four with a total number of output elements of thirty-seven. The Beta measures systematic risk based on how returns on Erdene Resource Deve correlated with the market. If Beta is less than 0 Erdene Resource generally moves in the opposite direction as compared to the market. If Erdene Resource Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Erdene Resource Deve is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Erdene Resource is generally in the same direction as the market. If Beta > 1 Erdene Resource moves generally in the same direction as, but more than the movement of the benchmark.
Erdene Resource Development Total Assets Over Time
Today, most investors in Erdene Resource Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Erdene Resource's growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of Erdene Resource growth as a starting point in their analysis.
Along with financial statement analysis, the daily predictive indicators of Erdene Resource help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Erdene Resource Development. We use our internally-developed statistical techniques to arrive at the intrinsic value of Erdene Resource Development based on widely used predictive technical indicators. In general, we focus on analyzing Erdene Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Erdene Resource's daily price indicators and compare them against related drivers.
Erdene Resource financial ratios help investors to determine whether Erdene 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 Erdene with respect to the benefits of owning Erdene Resource security.