Orogen Royalties Stock Market Value
| OGN Stock | CAD 1.42 0.02 1.39% |
| Symbol | Orogen |
Orogen Royalties Price To Book Ratio
Orogen Royalties '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 Orogen Royalties' 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 Orogen Royalties.
| 12/09/2023 |
| 12/03/2024 |
If you would invest 0.00 in Orogen Royalties on December 9, 2023 and sell it all today you would earn a total of 0.00 from holding Orogen Royalties or generate 0.0% return on investment in Orogen Royalties over 360 days. Orogen Royalties is related to or competes with Western Investment, High Liner, Rogers Communications, Mako Mining, Slate Grocery, Canaf Investments, and Economic Investment. Orogen Royalties Inc. operates as a mineral exploration company in Canada, the United States, and Mexico More
Orogen Royalties 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 Orogen Royalties' 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 Orogen Royalties upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 16.7 | |||
| Value At Risk | (5.67) | |||
| Potential Upside | 6.04 |
Orogen Royalties Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Orogen Royalties' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Orogen Royalties' standard deviation. In reality, there are many statistical measures that can use Orogen Royalties historical prices to predict the future Orogen Royalties' volatility.| Risk Adjusted Performance | 0.0043 | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | (0.54) | |||
| Treynor Ratio | (0.02) |
Orogen Royalties Backtested Returns
At this stage we consider Orogen Stock to be dangerous. Orogen Royalties maintains Sharpe Ratio (i.e., Efficiency) of 0.0123, which implies the firm had a 0.0123% return per unit of risk over the last 3 months. We have found twenty-three technical indicators for Orogen Royalties, which you can use to evaluate the volatility of the company. Please check Orogen Royalties' Coefficient Of Variation of (21,950), risk adjusted performance of 0.0043, and Variance of 11.68 to confirm if the risk estimate we provide is consistent with the expected return of 0.0395%. The company holds a Beta of 1.29, which implies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Orogen Royalties will likely underperform. Orogen Royalties right now holds a risk of 3.22%. Please check Orogen Royalties skewness, as well as the relationship between the rate of daily change and price action indicator , to decide if Orogen Royalties will be following its historical price patterns.
Auto-correlation | 0.47 |
Average predictability
Orogen Royalties has average predictability. Overlapping area represents the amount of predictability between Orogen Royalties time series from 9th of December 2023 to 6th of June 2024 and 6th of June 2024 to 3rd 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 Orogen Royalties price movement. The serial correlation of 0.47 indicates that about 47.0% of current Orogen Royalties price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.47 | |
| Spearman Rank Test | 0.66 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Orogen Royalties lagged returns against current returns
Autocorrelation, which is Orogen Royalties 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 Orogen Royalties' stock expected returns. We can calculate the autocorrelation of Orogen Royalties returns to help us make a trade decision. For example, suppose you find that Orogen Royalties 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 |
Orogen Royalties 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 Orogen Royalties stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Orogen Royalties stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Orogen Royalties stock over time.
Current vs Lagged Prices |
| Timeline |
Orogen Royalties Lagged Returns
When evaluating Orogen Royalties' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Orogen Royalties stock have on its future price. Orogen Royalties 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, Orogen Royalties autocorrelation shows the relationship between Orogen Royalties stock current value and its past values and can show if there is a momentum factor associated with investing in Orogen Royalties.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Orogen Stock Analysis
When running Orogen Royalties' price analysis, check to measure Orogen Royalties' 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 Orogen Royalties is operating at the current time. Most of Orogen Royalties' value examination focuses on studying past and present price action to predict the probability of Orogen Royalties' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Orogen Royalties' price. Additionally, you may evaluate how the addition of Orogen Royalties to your portfolios can decrease your overall portfolio volatility.