OD6 Metals (Australia) Price on May 29, 2024
| OD6 Stock | 0.04 0 7.69% |
If you're considering investing in OD6 Stock, it is important to understand the factors that can impact its price. As of today, the current price of OD6 Metals stands at 0.04, as last reported on the 25th of December, with the highest price reaching 0.04 and the lowest price hitting 0.04 during the day. OD6 Metals appears to be out of control, given 3 months investment horizon. OD6 Metals retains Efficiency (Sharpe Ratio) of 0.0509, which implies the firm had a 0.0509% return per unit of risk over the last 3 months. By inspecting OD6 Metals' technical indicators, you can evaluate if the expected return of 0.61% is justified by implied risk. Please evaluate OD6 Metals' coefficient of variation of 1875.02, and Market Risk Adjusted Performance of (5.74) to confirm if our risk estimates are consistent with your expectations.
Total Stockholder Equity is likely to drop to about 7 M in 2024. Common Stock Shares Outstanding is likely to drop to about 96.9 M in 2024. OD6 Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
OD6 |
Sharpe Ratio = 0.0509
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Estimated Market Risk
| 12.07 actual daily | 96 96% of assets are less volatile |
Expected Return
| 0.61 actual daily | 12 88% of assets have higher returns |
Risk-Adjusted Return
| 0.05 actual daily | 4 96% of assets perform better |
Based on monthly moving average OD6 Metals is performing at about 4% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of OD6 Metals by adding it to a well-diversified portfolio.
Price Book 0.5437 | Book Value 0.072 | Enterprise Value 2.7 M | Enterprise Value Ebitda (3.13) | Price Sales 74.9655 |
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OD6 Metals Valuation on May 29, 2024
It is possible to determine the worth of OD6 Metals on a given historical date. On May 29, 2024 OD6 was worth 0.072 at the beginning of the trading date compared to the closed value of 0.061. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of OD6 Metals stock. Still, in general, we apply an absolute valuation method to find OD6 Metals' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of OD6 Metals where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against OD6 Metals' related companies.
| Open | High | Low | Close | Volume | |
| 0.06 | 0.06 | 0.06 | 0.06 | 1.00 | |
05/29/2024 | 0.07 | 0.1 | 0.06 | 0.06 | 7,902,437 |
| 0.06 | 0.06 | 0.06 | 0.06 | 1,047,982 |
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OD6 Metals Trading Date Momentum on May 29, 2024
| On May 30 2024 OD6 Metals was traded for 0.06 at the closing time. The maximum traded price for the trading interval was 0.06 and the lowest daily price was 0.06 . The daily volume was recorded at 1 M. The volume of trading on 30th of May 2024 played a part in the next trading day price drop. The trading delta at closing time to the next closing price was 8.20% . The trading delta at closing time to the closing price today is 3.28% . |
OD6 Metals Fundamentals Correlations and Trends
By evaluating OD6 Metals' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among OD6 Metals' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. OD6 financial account trend analysis is a perfect complement when working with valuation or volatility modules.About OD6 Metals Stock history
OD6 Metals investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for OD6 is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in OD6 Metals will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing OD6 Metals stock prices may prove useful in developing a viable investing in OD6 Metals
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 107.9 M | 96.9 M | |
| Net Loss | -1.2 M | -1.3 M |
OD6 Metals Stock Technical Analysis
OD6 Metals 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.
Price Boundaries
OD6 Metals Period Price Range
Low | December 25, 2024
| High |
0.00 | 0.00 |
OD6 Metals cannot be verified against its exchange. Please verify the symbol is currently traded on Australian Securities Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
OD6 Metals December 25, 2024 Market Strength
Market strength indicators help investors to evaluate how OD6 Metals stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading OD6 Metals shares will generate the highest return on investment. By undertsting and applying OD6 Metals stock market strength indicators, traders can identify OD6 Metals entry and exit signals to maximize returns
OD6 Metals Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for OD6 Metals' price direction in advance. Along with the technical and fundamental analysis of OD6 Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of OD6 to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.052 | |||
| Jensen Alpha | 0.6277 | |||
| Total Risk Alpha | 0.1076 | |||
| Sortino Ratio | 0.0632 | |||
| Treynor Ratio | (5.75) |
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Additional Tools for OD6 Stock Analysis
When running OD6 Metals' price analysis, check to measure OD6 Metals' 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 OD6 Metals is operating at the current time. Most of OD6 Metals' value examination focuses on studying past and present price action to predict the probability of OD6 Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move OD6 Metals' price. Additionally, you may evaluate how the addition of OD6 Metals to your portfolios can decrease your overall portfolio volatility.