ODYSSEY GOLD (Germany) Market Value
| ODQ Stock | EUR 0.01 0.00 0.00% |
| Symbol | ODYSSEY |
ODYSSEY GOLD '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 ODYSSEY GOLD'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 ODYSSEY GOLD.
| 12/29/2022 |
| 12/18/2024 |
If you would invest 0.00 in ODYSSEY GOLD on December 29, 2022 and sell it all today you would earn a total of 0.00 from holding ODYSSEY GOLD LTD or generate 0.0% return on investment in ODYSSEY GOLD over 720 days. ODYSSEY GOLD is related to or competes with Superior Plus, SIVERS SEMICONDUCTORS, Norsk Hydro, Reliance Steel, RYOHIN UNSPADR1, Vanguard Funds, and Meli Hotels. Odyssey Gold Limited operates as a mineral resource exploration company in Australia More
ODYSSEY GOLD 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 ODYSSEY GOLD'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 ODYSSEY GOLD LTD upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 8.64 | |||
| Information Ratio | 0.0158 | |||
| Maximum Drawdown | 47.06 | |||
| Value At Risk | (13.64) | |||
| Potential Upside | 14.29 |
ODYSSEY GOLD Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ODYSSEY GOLD's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ODYSSEY GOLD's standard deviation. In reality, there are many statistical measures that can use ODYSSEY GOLD historical prices to predict the future ODYSSEY GOLD's volatility.| Risk Adjusted Performance | 0.0262 | |||
| Jensen Alpha | 0.2724 | |||
| Total Risk Alpha | (0.51) | |||
| Sortino Ratio | 0.0162 | |||
| Treynor Ratio | (0.15) |
ODYSSEY GOLD LTD Backtested Returns
ODYSSEY GOLD appears to be out of control, given 3 months investment horizon. ODYSSEY GOLD LTD maintains Sharpe Ratio (i.e., Efficiency) of 0.0505, which implies the firm had a 0.0505% return per unit of standard deviation over the last 3 months. We have found twenty-four technical indicators for ODYSSEY GOLD LTD, which you can use to evaluate the volatility of the company. Please evaluate ODYSSEY GOLD's Market Risk Adjusted Performance of (0.14), semi deviation of 6.09, and Risk Adjusted Performance of 0.0262 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, ODYSSEY GOLD holds a performance score of 3. The company holds a Beta of -1.3, which implies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning ODYSSEY GOLD are expected to decrease by larger amounts. On the other hand, during market turmoil, ODYSSEY GOLD is expected to outperform it. Please check ODYSSEY GOLD's value at risk, expected short fall, day median price, as well as the relationship between the downside variance and kurtosis , to make a quick decision on whether ODYSSEY GOLD's historical price patterns will revert.
Auto-correlation | 0.33 |
Below average predictability
ODYSSEY GOLD LTD has below average predictability. Overlapping area represents the amount of predictability between ODYSSEY GOLD time series from 29th of December 2022 to 24th of December 2023 and 24th of December 2023 to 18th of December 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 ODYSSEY GOLD LTD price movement. The serial correlation of 0.33 indicates that nearly 33.0% of current ODYSSEY GOLD price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.33 | |
| Spearman Rank Test | 0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
ODYSSEY GOLD LTD lagged returns against current returns
Autocorrelation, which is ODYSSEY GOLD 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 ODYSSEY GOLD's stock expected returns. We can calculate the autocorrelation of ODYSSEY GOLD returns to help us make a trade decision. For example, suppose you find that ODYSSEY GOLD 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 |
ODYSSEY GOLD 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 ODYSSEY GOLD stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ODYSSEY GOLD stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ODYSSEY GOLD stock over time.
Current vs Lagged Prices |
| Timeline |
ODYSSEY GOLD Lagged Returns
When evaluating ODYSSEY GOLD's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ODYSSEY GOLD stock have on its future price. ODYSSEY GOLD 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, ODYSSEY GOLD autocorrelation shows the relationship between ODYSSEY GOLD stock current value and its past values and can show if there is a momentum factor associated with investing in ODYSSEY GOLD LTD.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in ODYSSEY Stock
ODYSSEY GOLD financial ratios help investors to determine whether ODYSSEY 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 ODYSSEY with respect to the benefits of owning ODYSSEY GOLD security.