Ecora Resources Plc Stock Market Value
| ECOR Stock | 1.24 0.11 8.15% |
| Symbol | Ecora |
Ecora Resources plc Price To Book Ratio
Ecora 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 Ecora Resources' 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 Ecora Resources.
| 05/04/2025 |
| 08/02/2025 |
If you would invest 0.00 in Ecora Resources on May 4, 2025 and sell it all today you would earn a total of 0.00 from holding Ecora Resources plc or generate 0.0% return on investment in Ecora Resources over 90 days. Ecora Resources is related to or competes with Electric Royalties, EMX Royalty, Source Rock, and Triple Flag. Ecora Resources is entity of Canada. It is traded as Stock on TO exchange. More
Ecora 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 Ecora Resources' 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 Ecora Resources plc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.19 | |||
| Information Ratio | 0.1258 | |||
| Maximum Drawdown | 10.48 | |||
| Value At Risk | (2.86) | |||
| Potential Upside | 4.96 |
Ecora Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ecora Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ecora Resources' standard deviation. In reality, there are many statistical measures that can use Ecora Resources historical prices to predict the future Ecora Resources' volatility.| Risk Adjusted Performance | 0.1514 | |||
| Jensen Alpha | 0.4653 | |||
| Total Risk Alpha | 0.0243 | |||
| Sortino Ratio | 0.1344 | |||
| Treynor Ratio | (1.51) |
Ecora Resources plc Backtested Returns
Ecora Resources appears to be dangerous, given 3 months investment horizon. Ecora Resources plc secures Sharpe Ratio (or Efficiency) of 0.13, which denotes the company had a 0.13 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Ecora Resources plc, which you can use to evaluate the volatility of the firm. Please utilize Ecora Resources' Coefficient Of Variation of 534.31, mean deviation of 1.89, and Downside Deviation of 2.19 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Ecora Resources holds a performance score of 10. The firm shows a Beta (market volatility) of -0.28, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Ecora Resources are expected to decrease at a much lower rate. During the bear market, Ecora Resources is likely to outperform the market. Please check Ecora Resources' standard deviation, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether Ecora Resources' price patterns will revert.
Auto-correlation | 0.52 |
Modest predictability
Ecora Resources plc has modest predictability. Overlapping area represents the amount of predictability between Ecora Resources time series from 4th of May 2025 to 18th of June 2025 and 18th of June 2025 to 2nd of August 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Ecora Resources plc price movement. The serial correlation of 0.52 indicates that about 52.0% of current Ecora Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.52 | |
| Spearman Rank Test | 0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Ecora Resources plc lagged returns against current returns
Autocorrelation, which is Ecora Resources 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 Ecora Resources' stock expected returns. We can calculate the autocorrelation of Ecora Resources returns to help us make a trade decision. For example, suppose you find that Ecora Resources 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 |
Ecora 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 Ecora Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ecora Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ecora Resources stock over time.
Current vs Lagged Prices |
| Timeline |
Ecora Resources Lagged Returns
When evaluating Ecora Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ecora Resources stock have on its future price. Ecora 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, Ecora Resources autocorrelation shows the relationship between Ecora Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Ecora Resources plc.
Regressed Prices |
| Timeline |
Pair Trading with Ecora 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 Ecora 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 Ecora Resources will appreciate offsetting losses from the drop in the long position's value.Moving together with Ecora Stock
| 0.86 | AG | First Majestic Silver | PairCorr |
| 0.87 | IE | Ivanhoe Energy Earnings Call This Week | PairCorr |
| 0.64 | FDY | Faraday Copper Corp | PairCorr |
Moving against Ecora Stock
| 0.78 | THRM | Therma Bright Split | PairCorr |
| 0.76 | FDR | Flinders Resources | PairCorr |
| 0.55 | XIM | Ximen Mining Corp | PairCorr |
The ability to find closely correlated positions to Ecora 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 Ecora 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 Ecora 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 Ecora Resources plc to buy it.
The correlation of Ecora 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 Ecora Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ecora Resources plc 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 Ecora 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 Ecora Stock
Ecora Resources financial ratios help investors to determine whether Ecora 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 Ecora with respect to the benefits of owning Ecora Resources security.