Outback Goldfields Corp Stock Market Value
| OZ Stock | 0.47 0.03 6.00% |
| Symbol | Outback |
Outback Goldfields Corp Price To Book Ratio
Outback Goldfields '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 Outback Goldfields' 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 Outback Goldfields.
| 12/14/2024 |
| 03/14/2025 |
If you would invest 0.00 in Outback Goldfields on December 14, 2024 and sell it all today you would earn a total of 0.00 from holding Outback Goldfields Corp or generate 0.0% return on investment in Outback Goldfields over 90 days. Outback Goldfields is related to or competes with Camino Minerals. Outback Goldfields is entity of Canada. It is traded as Stock on V exchange. More
Outback Goldfields 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 Outback Goldfields' 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 Outback Goldfields Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.82 | |||
| Information Ratio | 0.1308 | |||
| Maximum Drawdown | 30.5 | |||
| Value At Risk | (8.57) | |||
| Potential Upside | 16.13 |
Outback Goldfields Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Outback Goldfields' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Outback Goldfields' standard deviation. In reality, there are many statistical measures that can use Outback Goldfields historical prices to predict the future Outback Goldfields' volatility.| Risk Adjusted Performance | 0.1029 | |||
| Jensen Alpha | 0.7344 | |||
| Total Risk Alpha | 1.91 | |||
| Sortino Ratio | 0.1317 | |||
| Treynor Ratio | (4.87) |
Outback Goldfields Corp Backtested Returns
Outback Goldfields appears to be out of control, given 3 months investment horizon. Outback Goldfields Corp maintains Sharpe Ratio (i.e., Efficiency) of 0.14, which implies the firm had a 0.14 % return per unit of risk over the last 3 months. By analyzing Outback Goldfields' technical indicators, you can evaluate if the expected return of 0.95% is justified by implied risk. Please evaluate Outback Goldfields' Semi Deviation of 4.74, risk adjusted performance of 0.1029, and Coefficient Of Variation of 896.37 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Outback Goldfields holds a performance score of 11. The company holds a Beta of -0.16, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Outback Goldfields are expected to decrease at a much lower rate. During the bear market, Outback Goldfields is likely to outperform the market. Please check Outback Goldfields' potential upside, as well as the relationship between the kurtosis and day typical price , to make a quick decision on whether Outback Goldfields' historical price patterns will revert.
Auto-correlation | 0.09 |
Virtually no predictability
Outback Goldfields Corp has virtually no predictability. Overlapping area represents the amount of predictability between Outback Goldfields time series from 14th of December 2024 to 28th of January 2025 and 28th of January 2025 to 14th 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 Outback Goldfields Corp price movement. The serial correlation of 0.09 indicates that less than 9.0% of current Outback Goldfields price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.09 | |
| Spearman Rank Test | 0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Outback Goldfields Corp lagged returns against current returns
Autocorrelation, which is Outback Goldfields 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 Outback Goldfields' stock expected returns. We can calculate the autocorrelation of Outback Goldfields returns to help us make a trade decision. For example, suppose you find that Outback Goldfields 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 |
Outback Goldfields 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 Outback Goldfields stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Outback Goldfields stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Outback Goldfields stock over time.
Current vs Lagged Prices |
| Timeline |
Outback Goldfields Lagged Returns
When evaluating Outback Goldfields' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Outback Goldfields stock have on its future price. Outback Goldfields 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, Outback Goldfields autocorrelation shows the relationship between Outback Goldfields stock current value and its past values and can show if there is a momentum factor associated with investing in Outback Goldfields Corp.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Outback Stock Analysis
When running Outback Goldfields' price analysis, check to measure Outback Goldfields' 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 Outback Goldfields is operating at the current time. Most of Outback Goldfields' value examination focuses on studying past and present price action to predict the probability of Outback Goldfields' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Outback Goldfields' price. Additionally, you may evaluate how the addition of Outback Goldfields to your portfolios can decrease your overall portfolio volatility.