Orefinders Resources Stock Price on May 1, 2024
| ORFDF Stock | USD 0.05 0.0002 0.40% |
If you're considering investing in Orefinders OTC Stock, it is important to understand the factors that can impact its price. As of today, the current price of Orefinders Resources stands at 0.05, as last reported on the 27th of November, with the highest price reaching 0.05 and the lowest price hitting 0.05 during the day. Orefinders Resources appears to be out of control, given 3 months investment horizon. Orefinders Resources maintains Sharpe Ratio (i.e., Efficiency) of 0.1, which implies the firm had a 0.1% return per unit of risk over the last 3 months. We have found thirty technical indicators for Orefinders Resources, which you can use to evaluate the volatility of the company. Please evaluate Orefinders Resources' Coefficient Of Variation of 813.53, risk adjusted performance of 0.1023, and Semi Deviation of 3.44 to confirm if our risk estimates are consistent with your expectations.
Orefinders OTC Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Orefinders |
Sharpe Ratio = 0.1001
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Estimated Market Risk
| 4.46 actual daily | 39 61% of assets are more volatile |
Expected Return
| 0.45 actual daily | 8 92% of assets have higher returns |
Risk-Adjusted Return
| 0.1 actual daily | 7 93% of assets perform better |
Based on monthly moving average Orefinders Resources is performing at about 7% 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 Orefinders Resources by adding it to a well-diversified portfolio.
Orefinders Resources Valuation on May 1, 2024
It is possible to determine the worth of Orefinders Resources on a given historical date. On May 1, 2024 Orefinders was worth 0.0415 at the beginning of the trading date compared to the closed value of 0.0415. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Orefinders Resources otc stock. Still, in general, we apply an absolute valuation method to find Orefinders Resources' 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 Orefinders Resources where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Orefinders Resources' related companies.
| Open | High | Low | Close | Volume | |
| 0.04 | 0.04 | 0.04 | 0.04 | 1.00 | |
05/01/2024 | 0.04 | 0.04 | 0.04 | 0.04 | 1.00 |
| 0.04 | 0.04 | 0.04 | 0.04 | 8,000 |
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Orefinders Resources Trading Date Momentum on May 1, 2024
| On May 02 2024 Orefinders Resources was traded for 0.04 at the closing time. The highest daily price throughout the period was 0.04 and the lowest price was 0.04 . The daily volume was 8 K. The net trading volume on 05/02/2024 added to the next day price rise. The trading delta at closing time to closing price of the next trading day was 2.65% . The trading delta at closing time to current closing price is 14.94% . |
Orefinders Resources Fundamentals Correlations and Trends
By evaluating Orefinders Resources' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Orefinders Resources' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Orefinders financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Orefinders Resources OTC Stock history
Orefinders Resources 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 Orefinders is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Orefinders Resources 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 Orefinders Resources stock prices may prove useful in developing a viable investing in Orefinders Resources
Orefinders Resources Inc. engages in the exploration, development, and production of gold assets in the Abitibi region of Ontario. The company was incorporated in 2011 and is headquartered in Toronto, Canada. Orange Fund is traded on OTC Exchange in the United States.
Orefinders Resources OTC Stock Technical Analysis
Orefinders Resources technical otc 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, otc market cycles, or different charting patterns.
Price Boundaries
Orefinders Resources Period Price Range
Low | November 27, 2024
| High |
0.00 | 0.00 |
Orefinders Resources cannot be verified against its exchange. Please verify the symbol is currently traded on OTCQB 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.
Orefinders Resources November 27, 2024 Market Strength
Market strength indicators help investors to evaluate how Orefinders Resources otc stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Orefinders Resources shares will generate the highest return on investment. By undertsting and applying Orefinders Resources otc stock market strength indicators, traders can identify Orefinders Resources entry and exit signals to maximize returns
Orefinders Resources Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Orefinders Resources' price direction in advance. Along with the technical and fundamental analysis of Orefinders OTC Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Orefinders 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 | 0.1023 | |||
| Jensen Alpha | 0.5756 | |||
| Total Risk Alpha | (0.17) | |||
| Sortino Ratio | 0.0845 | |||
| Treynor Ratio | (1.88) |
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Complementary Tools for Orefinders OTC Stock analysis
When running Orefinders Resources' price analysis, check to measure Orefinders Resources' 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 Orefinders Resources is operating at the current time. Most of Orefinders Resources' value examination focuses on studying past and present price action to predict the probability of Orefinders Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Orefinders Resources' price. Additionally, you may evaluate how the addition of Orefinders Resources to your portfolios can decrease your overall portfolio volatility.
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