Orvana Minerals Corp Stock Market Value
ORV Stock | CAD 0.30 0.02 7.14% |
Symbol | Orvana |
Orvana Minerals Corp Price To Book Ratio
Orvana Minerals '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 Orvana Minerals' 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 Orvana Minerals.
09/09/2023 |
| 03/02/2025 |
If you would invest 0.00 in Orvana Minerals on September 9, 2023 and sell it all today you would earn a total of 0.00 from holding Orvana Minerals Corp or generate 0.0% return on investment in Orvana Minerals over 540 days. Orvana Minerals is related to or competes with Starcore International, Canagold Resources, Monument Mining, and Radius Gold. Orvana Minerals Corp., through its subsidiaries, engages in the exploration, evaluation, development, and mining of mine... More
Orvana Minerals 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 Orvana Minerals' 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 Orvana Minerals Corp upside and downside potential and time the market with a certain degree of confidence.
Downside Deviation | 6.93 | |||
Information Ratio | 0.0229 | |||
Maximum Drawdown | 31.82 | |||
Value At Risk | (10.71) | |||
Potential Upside | 9.09 |
Orvana Minerals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Orvana Minerals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Orvana Minerals' standard deviation. In reality, there are many statistical measures that can use Orvana Minerals historical prices to predict the future Orvana Minerals' volatility.Risk Adjusted Performance | 0.024 | |||
Jensen Alpha | 0.1377 | |||
Total Risk Alpha | 0.2952 | |||
Sortino Ratio | 0.0194 | |||
Treynor Ratio | 0.0985 |
Orvana Minerals Corp Backtested Returns
Orvana Minerals appears to be out of control, given 3 months investment horizon. Orvana Minerals Corp maintains Sharpe Ratio (i.e., Efficiency) of 0.0794, which implies the firm had a 0.0794 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Orvana Minerals Corp, which you can use to evaluate the volatility of the company. Please evaluate Orvana Minerals' Coefficient Of Variation of 4833.18, risk adjusted performance of 0.024, and Semi Deviation of 5.24 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Orvana Minerals holds a performance score of 6. The company holds a Beta of 1.13, which implies a somewhat significant risk relative to the market. Orvana Minerals returns are very sensitive to returns on the market. As the market goes up or down, Orvana Minerals is expected to follow. Please check Orvana Minerals' potential upside and the relationship between the skewness and price action indicator , to make a quick decision on whether Orvana Minerals' historical price patterns will revert.
Auto-correlation | -0.1 |
Very weak reverse predictability
Orvana Minerals Corp has very weak reverse predictability. Overlapping area represents the amount of predictability between Orvana Minerals time series from 9th of September 2023 to 5th of June 2024 and 5th of June 2024 to 2nd of March 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 Orvana Minerals Corp price movement. The serial correlation of -0.1 indicates that less than 10.0% of current Orvana Minerals price fluctuation can be explain by its past prices.
Correlation Coefficient | -0.1 | |
Spearman Rank Test | -0.04 | |
Residual Average | 0.0 | |
Price Variance | 0.0 |
Orvana Minerals Corp lagged returns against current returns
Autocorrelation, which is Orvana Minerals 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 Orvana Minerals' stock expected returns. We can calculate the autocorrelation of Orvana Minerals returns to help us make a trade decision. For example, suppose you find that Orvana Minerals 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 |
Orvana Minerals 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 Orvana Minerals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Orvana Minerals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Orvana Minerals stock over time.
Current vs Lagged Prices |
Timeline |
Orvana Minerals Lagged Returns
When evaluating Orvana Minerals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Orvana Minerals stock have on its future price. Orvana Minerals 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, Orvana Minerals autocorrelation shows the relationship between Orvana Minerals stock current value and its past values and can show if there is a momentum factor associated with investing in Orvana Minerals Corp.
Regressed Prices |
Timeline |
Pair Trading with Orvana Minerals
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 Orvana Minerals 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 Orvana Minerals will appreciate offsetting losses from the drop in the long position's value.Moving together with Orvana Stock
Moving against Orvana Stock
0.54 | IE | Ivanhoe Energy | PairCorr |
0.53 | INFM | Infinico Metals Corp | PairCorr |
0.34 | NBLC | Nobel29 Resources Corp | PairCorr |
The ability to find closely correlated positions to Orvana Minerals could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Orvana Minerals 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 Orvana Minerals - 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 Orvana Minerals Corp to buy it.
The correlation of Orvana Minerals 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 Orvana Minerals moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Orvana Minerals Corp 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 Orvana Minerals 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.Other Information on Investing in Orvana Stock
Orvana Minerals financial ratios help investors to determine whether Orvana 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 Orvana with respect to the benefits of owning Orvana Minerals security.