Orla Mining Stock Price on October 5, 2023
| OLA Stock | CAD 6.29 0.17 2.78% |
If you're considering investing in Orla Stock, it is important to understand the factors that can impact its price. As of today, the current price of Orla Mining stands at 6.29, as last reported on the 27th of November, with the highest price reaching 6.38 and the lowest price hitting 6.12 during the day. Orla Mining appears to be slightly risky, given 3 months investment horizon. Orla Mining maintains Sharpe Ratio (i.e., Efficiency) of 0.0619, which implies the firm had a 0.0619% return per unit of risk over the last 3 months. We have found thirty technical indicators for Orla Mining, which you can use to evaluate the volatility of the company. Please evaluate Orla Mining's Semi Deviation of 2.94, risk adjusted performance of 0.055, and Coefficient Of Variation of 1615.53 to confirm if our risk estimates are consistent with your expectations.
Orla Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Orla |
Sharpe Ratio = 0.0619
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Estimated Market Risk
| 3.3 actual daily | 29 71% of assets are more volatile |
Expected Return
| 0.2 actual daily | 3 97% of assets have higher returns |
Risk-Adjusted Return
| 0.06 actual daily | 4 96% of assets perform better |
Based on monthly moving average Orla Mining is performing at about 4% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Orla Mining by adding it to a well-diversified portfolio.
Orla Mining Valuation on October 5, 2023
It is possible to determine the worth of Orla Mining on a given historical date. On October 5, 2023 Orla was worth 4.33 at the beginning of the trading date compared to the closed value of 4.35. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Orla Mining stock. Still, in general, we apply an absolute valuation method to find Orla Mining's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Orla Mining where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Orla Mining's related companies.
| Open | High | Low | Close | Volume | |
| 4.57 | 4.57 | 4.25 | 4.31 | 350,700 | |
10/05/2023 | 4.33 | 4.42 | 4.26 | 4.35 | 273,700 |
| 4.32 | 4.53 | 4.23 | 4.46 | 575,700 |
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Orla Mining Trading Date Momentum on October 5, 2023
| On October 06 2023 Orla Mining was traded for 4.46 at the closing time. The maximum traded price for the trading interval was 4.53 and the lowest daily price was 4.23 . The daily volume was recorded at 575.7 K. The volume of trading on 6th of October 2023 played a part in the next trading day price boost. The trading delta at closing time to the next closing price was 2.53% . The trading delta at closing time to the closing price today is 2.07% . |
Orla Mining Fundamentals Correlations and Trends
By evaluating Orla Mining's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Orla Mining's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Orla financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Orla Mining Stock history
Orla Mining investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Orla is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Orla Mining will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Orla Mining stock prices may prove useful in developing a viable investing in Orla Mining
Orla Mining Ltd., a mineral exploration and development company, acquires, explores, and develops mineral properties. Orla Mining Ltd. was incorporated in 2007 and is based in Vancouver, Canada. ORLA MINING operates under Gold classification in Canada and is traded on Toronto Stock Exchange. It employs 108 people.
Orla Mining Stock Technical Analysis
Orla Mining technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Orla Mining Period Price Range
Low | November 27, 2024
| High |
0.00 | 0.00 |
Orla Mining cannot be verified against its exchange. Please verify the symbol is currently traded on Toronto Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Orla Mining November 27, 2024 Market Strength
Market strength indicators help investors to evaluate how Orla Mining stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Orla Mining shares will generate the highest return on investment. By undertsting and applying Orla Mining stock market strength indicators, traders can identify Orla Mining entry and exit signals to maximize returns
Orla Mining Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Orla Mining's price direction in advance. Along with the technical and fundamental analysis of Orla Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Orla to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.055 | |||
| Jensen Alpha | 0.1045 | |||
| Total Risk Alpha | (0.33) | |||
| Sortino Ratio | 0.0237 | |||
| Treynor Ratio | 0.2603 |
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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Orla Mining. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. To learn how to invest in Orla Stock, please use our How to Invest in Orla Mining guide.You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.