Osisko Gold Ro Stock Market Value
| OR Stock | USD 19.31 0.13 0.67% |
| Symbol | Osisko |
Osisko Gold Ro Price To Book Ratio
Is Metals & Mining space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Osisko Gold. If investors know Osisko will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Osisko Gold listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.27) | Dividend Share 0.25 | Earnings Share (0.21) | Revenue Per Share 1.333 | Quarterly Revenue Growth (0.08) |
The market value of Osisko Gold Ro is measured differently than its book value, which is the value of Osisko that is recorded on the company's balance sheet. Investors also form their own opinion of Osisko Gold's value that differs from its market value or its book value, called intrinsic value, which is Osisko Gold's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Osisko Gold's market value can be influenced by many factors that don't directly affect Osisko Gold's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Osisko Gold's value and its price as these two are different measures arrived at by different means. Investors typically determine if Osisko Gold is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Osisko Gold's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Osisko 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 Osisko 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 Osisko Gold.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Osisko Gold on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Osisko Gold Ro or generate 0.0% return on investment in Osisko Gold over 30 days. Osisko Gold is related to or competes with Wheaton Precious, Franco Nevada, Royal Gold, Fortuna Silver, Agnico Eagle, Sandstorm Gold, and Seabridge Gold. Osisko Gold Royalties Ltd acquires and manages precious metal and other royalties, streams, and offtake and other intere... More
Osisko 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 Osisko 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 Osisko Gold Ro upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.18 | |||
| Information Ratio | 0.0183 | |||
| Maximum Drawdown | 10.04 | |||
| Value At Risk | (3.25) | |||
| Potential Upside | 2.94 |
Osisko Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Osisko Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Osisko Gold's standard deviation. In reality, there are many statistical measures that can use Osisko Gold historical prices to predict the future Osisko Gold's volatility.| Risk Adjusted Performance | 0.0733 | |||
| Jensen Alpha | 0.1216 | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | 0.0151 | |||
| Treynor Ratio | 0.6424 |
Osisko Gold Ro Backtested Returns
Osisko Gold appears to be very steady, given 3 months investment horizon. Osisko Gold Ro maintains Sharpe Ratio (i.e., Efficiency) of 0.11, which implies the firm had a 0.11% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Osisko Gold Ro, which you can use to evaluate the volatility of the company. Please evaluate Osisko Gold's Risk Adjusted Performance of 0.0733, semi deviation of 2.01, and Coefficient Of Variation of 1133.52 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Osisko Gold holds a performance score of 8. The company holds a Beta of 0.23, which implies not very significant fluctuations relative to the market. As returns on the market increase, Osisko Gold's returns are expected to increase less than the market. However, during the bear market, the loss of holding Osisko Gold is expected to be smaller as well. Please check Osisko Gold's treynor ratio, as well as the relationship between the expected short fall and day median price , to make a quick decision on whether Osisko Gold's historical price patterns will revert.
Auto-correlation | -0.17 |
Insignificant reverse predictability
Osisko Gold Ro has insignificant reverse predictability. Overlapping area represents the amount of predictability between Osisko Gold time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 Osisko Gold Ro price movement. The serial correlation of -0.17 indicates that over 17.0% of current Osisko Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.17 | |
| Spearman Rank Test | -0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 0.28 |
Osisko Gold Ro lagged returns against current returns
Autocorrelation, which is Osisko 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 Osisko Gold's stock expected returns. We can calculate the autocorrelation of Osisko Gold returns to help us make a trade decision. For example, suppose you find that Osisko 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 |
Osisko 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 Osisko Gold stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Osisko Gold stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Osisko Gold stock over time.
Current vs Lagged Prices |
| Timeline |
Osisko Gold Lagged Returns
When evaluating Osisko Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Osisko Gold stock have on its future price. Osisko 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, Osisko Gold autocorrelation shows the relationship between Osisko Gold stock current value and its past values and can show if there is a momentum factor associated with investing in Osisko Gold Ro.
Regressed Prices |
| Timeline |
Pair Trading with Osisko Gold
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 Osisko Gold 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 Osisko Gold will appreciate offsetting losses from the drop in the long position's value.Moving together with Osisko Stock
Moving against Osisko Stock
The ability to find closely correlated positions to Osisko Gold could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Osisko Gold 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 Osisko Gold - 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 Osisko Gold Ro to buy it.
The correlation of Osisko Gold 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 Osisko Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Osisko Gold Ro 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 Osisko Gold 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.Additional Tools for Osisko Stock Analysis
When running Osisko Gold's price analysis, check to measure Osisko 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 Osisko Gold is operating at the current time. Most of Osisko Gold's value examination focuses on studying past and present price action to predict the probability of Osisko 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 Osisko Gold's price. Additionally, you may evaluate how the addition of Osisko Gold to your portfolios can decrease your overall portfolio volatility.