Orion Gold (South Africa) Price on April 8, 2024
| ORN Stock | 18.00 1.00 5.88% |
If you're considering investing in Orion Stock, it is important to understand the factors that can impact its price. As of today, the current price of Orion Gold stands at 18.00, as last reported on the 30th of November, with the highest price reaching 18.00 and the lowest price hitting 17.00 during the day. Orion Gold NL maintains Sharpe Ratio (i.e., Efficiency) of -0.019, which implies the firm had a -0.019% return per unit of risk over the last 3 months. Orion Gold NL exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Orion Gold's Risk Adjusted Performance of (0.01), coefficient of variation of (4,736), and Variance of 16.59 to confirm the risk estimate we provide.
Orion Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Orion |
Sharpe Ratio = -0.019
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| Negative Returns | ORN |
Estimated Market Risk
| 4.15 actual daily | 36 64% of assets are more volatile |
Expected Return
| -0.08 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.02 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Orion Gold is not performing at its full potential. However, 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 Orion Gold by adding Orion Gold to a well-diversified portfolio.
Orion Gold Valuation on April 8, 2024
It is possible to determine the worth of Orion Gold on a given historical date. On April 8, 2024 Orion was worth 18.0 at the beginning of the trading date compared to the closed value of 19.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Orion Gold stock. Still, in general, we apply an absolute valuation method to find Orion Gold'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 Orion Gold where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Orion Gold's related companies.
| Open | High | Low | Close | Volume | |
| 18.00 | 18.00 | 17.00 | 18.00 | 753,243 | |
04/08/2024 | 18.00 | 19.00 | 18.00 | 19.00 | 1,449,427 |
| 19.00 | 19.00 | 18.00 | 18.00 | 3,345,585 |
| Backtest Orion Gold | | | Orion Gold History | Previous | Next |
Orion Gold Trading Date Momentum on April 8, 2024
| On April 09 2024 Orion Gold NL was traded for 18.00 at the closing time. The highest price during the trading period was 19.00 and the lowest recorded bid was listed for 18.00 . The volume for the day was 3.3 M. This history from April 9, 2024 contributed to the next trading day price decline. The trading delta at closing time to the next closing price was 5.26% . The trading delta at closing time to the current price is 0.00% . |
Price Boundaries
Orion Gold Period Price Range
Low | November 30, 2024
| High |
0.00 | 0.00 |
Orion Gold NL cannot be verified against its exchange. Please verify the symbol is currently traded on Johannesburg 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.
Orion Gold November 30, 2024 Market Strength
Market strength indicators help investors to evaluate how Orion Gold stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Orion Gold shares will generate the highest return on investment. By undertsting and applying Orion Gold stock market strength indicators, traders can identify Orion Gold NL entry and exit signals to maximize returns
Orion Gold Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Orion Gold's price direction in advance. Along with the technical and fundamental analysis of Orion Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Orion 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 | (0.01) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.78) | |||
| Treynor Ratio | (0.94) |
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| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Complementary Tools for Orion Stock analysis
When running Orion Gold's price analysis, check to measure Orion Gold'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 Orion Gold is operating at the current time. Most of Orion Gold's value examination focuses on studying past and present price action to predict the probability of Orion Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Orion Gold's price. Additionally, you may evaluate how the addition of Orion Gold to your portfolios can decrease your overall portfolio volatility.
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