Omai Gold Mines Stock Market Value
| OMGGF Stock | USD 0.12 0.01 7.69% |
| Symbol | Omai |
Omai 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 Omai Gold's otc 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 Omai Gold.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Omai Gold on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Omai Gold Mines or generate 0.0% return on investment in Omai Gold over 30 days. Omai Gold is related to or competes with Galiano Gold, B2Gold Corp, Grande Portage, Q2 Metals, Cassiar Gold, Snowline Gold, and Independence Gold. Omai Gold Mines Corp. explores for and develops base and precious metals More
Omai 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 Omai Gold's otc 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 Omai Gold Mines upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 8.95 | |||
| Information Ratio | 0.0549 | |||
| Maximum Drawdown | 25.38 | |||
| Value At Risk | (8.33) | |||
| Potential Upside | 9.09 |
Omai Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Omai Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Omai Gold's standard deviation. In reality, there are many statistical measures that can use Omai Gold historical prices to predict the future Omai Gold's volatility.| Risk Adjusted Performance | 0.0669 | |||
| Jensen Alpha | 0.368 | |||
| Total Risk Alpha | (0.46) | |||
| Sortino Ratio | 0.0366 | |||
| Treynor Ratio | 0.6841 |
Omai Gold Mines Backtested Returns
Omai Gold appears to be out of control, given 3 months investment horizon. Omai Gold Mines maintains Sharpe Ratio (i.e., Efficiency) of 0.0525, which implies the firm had a 0.0525% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Omai Gold Mines, which you can use to evaluate the volatility of the company. Please evaluate Omai Gold's Semi Deviation of 4.61, risk adjusted performance of 0.0669, and Coefficient Of Variation of 1317.81 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Omai Gold holds a performance score of 4. The company holds a Beta of 0.65, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Omai Gold's returns are expected to increase less than the market. However, during the bear market, the loss of holding Omai Gold is expected to be smaller as well. Please check Omai Gold's downside deviation, treynor ratio, expected short fall, as well as the relationship between the jensen alpha and potential upside , to make a quick decision on whether Omai Gold's historical price patterns will revert.
Auto-correlation | -0.45 |
Modest reverse predictability
Omai Gold Mines has modest reverse predictability. Overlapping area represents the amount of predictability between Omai Gold time series from 30th of October 2024 to 14th of November 2024 and 14th of November 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 Omai Gold Mines price movement. The serial correlation of -0.45 indicates that just about 45.0% of current Omai Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.45 | |
| Spearman Rank Test | -0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Omai Gold Mines lagged returns against current returns
Autocorrelation, which is Omai Gold otc 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 Omai Gold's otc stock expected returns. We can calculate the autocorrelation of Omai Gold returns to help us make a trade decision. For example, suppose you find that Omai Gold has exhibited high autocorrelation historically, and you observe that the otc 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 |
Omai 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 Omai Gold otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Omai Gold otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Omai Gold otc stock over time.
Current vs Lagged Prices |
| Timeline |
Omai Gold Lagged Returns
When evaluating Omai Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Omai Gold otc stock have on its future price. Omai 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, Omai Gold autocorrelation shows the relationship between Omai Gold otc stock current value and its past values and can show if there is a momentum factor associated with investing in Omai Gold Mines.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Omai OTC Stock
Omai Gold financial ratios help investors to determine whether Omai OTC 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 Omai with respect to the benefits of owning Omai Gold security.