Orestone Mining Corp Stock Market Value
| ORS Stock | CAD 0.02 0.01 33.33% |
| Symbol | Orestone |
Orestone Mining Corp Price To Book Ratio
Orestone Mining '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 Orestone Mining'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 Orestone Mining.
| 11/28/2023 |
| 12/22/2024 |
If you would invest 0.00 in Orestone Mining on November 28, 2023 and sell it all today you would earn a total of 0.00 from holding Orestone Mining Corp or generate 0.0% return on investment in Orestone Mining over 390 days. Orestone Mining is related to or competes with Outcrop Gold, and Grande Portage. Orestone Mining Corp. engages in the acquisition, exploration, and development of mineral properties in Canada and Chile More
Orestone Mining 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 Orestone Mining'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 Orestone Mining Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0076 | |||
| Maximum Drawdown | 83.33 | |||
| Value At Risk | (25.00) | |||
| Potential Upside | 33.33 |
Orestone Mining Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Orestone Mining's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Orestone Mining's standard deviation. In reality, there are many statistical measures that can use Orestone Mining historical prices to predict the future Orestone Mining's volatility.| Risk Adjusted Performance | 0.0175 | |||
| Jensen Alpha | 0.0331 | |||
| Total Risk Alpha | (0.23) | |||
| Treynor Ratio | 0.031 |
Orestone Mining Corp Backtested Returns
At this stage we consider Orestone Stock to be out of control. Orestone Mining Corp maintains Sharpe Ratio (i.e., Efficiency) of 0.0104, which implies the firm had a 0.0104% return per unit of risk over the last 3 months. We have found twenty-two technical indicators for Orestone Mining Corp, which you can use to evaluate the volatility of the company. Please check Orestone Mining's Variance of 152.76, risk adjusted performance of 0.0175, and Coefficient Of Variation of 9788.86 to confirm if the risk estimate we provide is consistent with the expected return of 0.13%. The company holds a Beta of 3.75, 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, Orestone Mining will likely underperform. Orestone Mining Corp right now holds a risk of 12.55%. Please check Orestone Mining Corp total risk alpha and the relationship between the skewness and relative strength index , to decide if Orestone Mining Corp will be following its historical price patterns.
Auto-correlation | -0.06 |
Very weak reverse predictability
Orestone Mining Corp has very weak reverse predictability. Overlapping area represents the amount of predictability between Orestone Mining time series from 28th of November 2023 to 10th of June 2024 and 10th of June 2024 to 22nd 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 Orestone Mining Corp price movement. The serial correlation of -0.06 indicates that barely 6.0% of current Orestone Mining price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.06 | |
| Spearman Rank Test | 0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Orestone Mining Corp lagged returns against current returns
Autocorrelation, which is Orestone Mining 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 Orestone Mining's stock expected returns. We can calculate the autocorrelation of Orestone Mining returns to help us make a trade decision. For example, suppose you find that Orestone Mining 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 |
Orestone Mining 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 Orestone Mining stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Orestone Mining stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Orestone Mining stock over time.
Current vs Lagged Prices |
| Timeline |
Orestone Mining Lagged Returns
When evaluating Orestone Mining's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Orestone Mining stock have on its future price. Orestone Mining 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, Orestone Mining autocorrelation shows the relationship between Orestone Mining stock current value and its past values and can show if there is a momentum factor associated with investing in Orestone Mining Corp.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Orestone Stock Analysis
When running Orestone Mining's price analysis, check to measure Orestone Mining'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 Orestone Mining is operating at the current time. Most of Orestone Mining's value examination focuses on studying past and present price action to predict the probability of Orestone Mining's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Orestone Mining's price. Additionally, you may evaluate how the addition of Orestone Mining to your portfolios can decrease your overall portfolio volatility.