Ophir Gold Corp Stock Market Value
| OPHR Stock | CAD 0.09 0.01 10.00% |
| Symbol | Ophir |
Ophir Gold Corp Price To Book Ratio
Ophir 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 Ophir 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 Ophir Gold.
| 12/10/2024 |
| 01/09/2025 |
If you would invest 0.00 in Ophir Gold on December 10, 2024 and sell it all today you would earn a total of 0.00 from holding Ophir Gold Corp or generate 0.0% return on investment in Ophir Gold over 30 days. Ophir Gold is related to or competes with QC Copper, Marimaca Copper, and Northwest Copper. Ophir Gold Corp. engages in the acquisition and exploration of mineral property assets in Canada More
Ophir 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 Ophir 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 Ophir Gold Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 13.63 | |||
| Information Ratio | 0.0205 | |||
| Maximum Drawdown | 50.79 | |||
| Value At Risk | (12.50) | |||
| Potential Upside | 14.29 |
Ophir Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ophir Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ophir Gold's standard deviation. In reality, there are many statistical measures that can use Ophir Gold historical prices to predict the future Ophir Gold's volatility.| Risk Adjusted Performance | 0.028 | |||
| Jensen Alpha | 0.1992 | |||
| Total Risk Alpha | 0.0053 | |||
| Sortino Ratio | 0.0126 | |||
| Treynor Ratio | (0.34) |
Ophir Gold Corp Backtested Returns
At this stage we consider Ophir Stock to be out of control. Ophir Gold Corp maintains Sharpe Ratio (i.e., Efficiency) of 0.0043, which implies the firm had a 0.0043% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Ophir Gold Corp, which you can use to evaluate the volatility of the company. Please check Ophir Gold's Risk Adjusted Performance of 0.028, semi deviation of 6.19, and Coefficient Of Variation of 4201.22 to confirm if the risk estimate we provide is consistent with the expected return of 0.0377%. The company holds a Beta of -0.55, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Ophir Gold are expected to decrease at a much lower rate. During the bear market, Ophir Gold is likely to outperform the market. Ophir Gold Corp right now holds a risk of 8.72%. Please check Ophir Gold Corp coefficient of variation, jensen alpha, sortino ratio, as well as the relationship between the information ratio and total risk alpha , to decide if Ophir Gold Corp will be following its historical price patterns.
Auto-correlation | 0.58 |
Modest predictability
Ophir Gold Corp has modest predictability. Overlapping area represents the amount of predictability between Ophir Gold time series from 10th of December 2024 to 25th of December 2024 and 25th of December 2024 to 9th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Ophir Gold Corp price movement. The serial correlation of 0.58 indicates that roughly 58.0% of current Ophir Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.58 | |
| Spearman Rank Test | 0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Ophir Gold Corp lagged returns against current returns
Autocorrelation, which is Ophir 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 Ophir Gold's stock expected returns. We can calculate the autocorrelation of Ophir Gold returns to help us make a trade decision. For example, suppose you find that Ophir 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 |
Ophir 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 Ophir Gold stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ophir Gold stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ophir Gold stock over time.
Current vs Lagged Prices |
| Timeline |
Ophir Gold Lagged Returns
When evaluating Ophir Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ophir Gold stock have on its future price. Ophir 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, Ophir Gold autocorrelation shows the relationship between Ophir Gold stock current value and its past values and can show if there is a momentum factor associated with investing in Ophir Gold Corp.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Ophir Stock Analysis
When running Ophir Gold's price analysis, check to measure Ophir Gold's 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 Ophir Gold is operating at the current time. Most of Ophir Gold's value examination focuses on studying past and present price action to predict the probability of Ophir Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ophir Gold's price. Additionally, you may evaluate how the addition of Ophir Gold to your portfolios can decrease your overall portfolio volatility.