Organigram Holdings Stock Market Value
| OGI Stock | CAD 2.14 0.01 0.47% |
| Symbol | OrganiGram |
OrganiGram Holdings Price To Book Ratio
OrganiGram Holdings '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 OrganiGram Holdings' 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 OrganiGram Holdings.
| 06/02/2024 |
| 11/29/2024 |
If you would invest 0.00 in OrganiGram Holdings on June 2, 2024 and sell it all today you would earn a total of 0.00 from holding OrganiGram Holdings or generate 0.0% return on investment in OrganiGram Holdings over 180 days. OrganiGram Holdings is related to or competes with East Side, Falcon Energy, Renoworks Software, Precision Drilling, Plaza Retail, and AKITA Drilling. OrganiGram Holdings Inc., through its subsidiaries, produces and sells cannabis and cannabis-derived products in Canada More
OrganiGram Holdings 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 OrganiGram Holdings' 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 OrganiGram Holdings upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 14.33 | |||
| Value At Risk | (4.78) | |||
| Potential Upside | 4.0 |
OrganiGram Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for OrganiGram Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as OrganiGram Holdings' standard deviation. In reality, there are many statistical measures that can use OrganiGram Holdings historical prices to predict the future OrganiGram Holdings' volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.19) | |||
| Total Risk Alpha | (0.59) | |||
| Treynor Ratio | 9.0 |
OrganiGram Holdings Backtested Returns
OrganiGram Holdings maintains Sharpe Ratio (i.e., Efficiency) of -0.063, which implies the firm had a -0.063% return per unit of risk over the last 3 months. OrganiGram Holdings exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check OrganiGram Holdings' Variance of 6.74, coefficient of variation of (1,408), and Risk Adjusted Performance of (0.05) to confirm the risk estimate we provide. The company holds a Beta of -0.0216, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning OrganiGram Holdings are expected to decrease at a much lower rate. During the bear market, OrganiGram Holdings is likely to outperform the market. At this point, OrganiGram Holdings has a negative expected return of -0.17%. Please make sure to check OrganiGram Holdings' kurtosis, and the relationship between the maximum drawdown and day median price , to decide if OrganiGram Holdings performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.65 |
Very good reverse predictability
OrganiGram Holdings has very good reverse predictability. Overlapping area represents the amount of predictability between OrganiGram Holdings time series from 2nd of June 2024 to 31st of August 2024 and 31st of August 2024 to 29th of November 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 OrganiGram Holdings price movement. The serial correlation of -0.65 indicates that roughly 65.0% of current OrganiGram Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.65 | |
| Spearman Rank Test | -0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
OrganiGram Holdings lagged returns against current returns
Autocorrelation, which is OrganiGram Holdings 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 OrganiGram Holdings' stock expected returns. We can calculate the autocorrelation of OrganiGram Holdings returns to help us make a trade decision. For example, suppose you find that OrganiGram Holdings 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 |
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OrganiGram Holdings 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 OrganiGram Holdings stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if OrganiGram Holdings stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in OrganiGram Holdings stock over time.
Current vs Lagged Prices |
| Timeline |
OrganiGram Holdings Lagged Returns
When evaluating OrganiGram Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of OrganiGram Holdings stock have on its future price. OrganiGram Holdings 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, OrganiGram Holdings autocorrelation shows the relationship between OrganiGram Holdings stock current value and its past values and can show if there is a momentum factor associated with investing in OrganiGram Holdings.
Regressed Prices |
| Timeline |
Pair Trading with OrganiGram Holdings
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 OrganiGram Holdings 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 OrganiGram Holdings will appreciate offsetting losses from the drop in the long position's value.Moving against OrganiGram Stock
The ability to find closely correlated positions to OrganiGram Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace OrganiGram Holdings 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 OrganiGram Holdings - 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 OrganiGram Holdings to buy it.
The correlation of OrganiGram Holdings 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 OrganiGram Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if OrganiGram Holdings 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 OrganiGram Holdings 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.Check out OrganiGram Holdings Correlation, OrganiGram Holdings Volatility and OrganiGram Holdings Alpha and Beta module to complement your research on OrganiGram Holdings. To learn how to invest in OrganiGram Stock, please use our How to Invest in OrganiGram Holdings guide.You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
OrganiGram Holdings 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.