Osisko Gold (UK) Market Value
| 0VBE Stock | 19.31 0.09 0.46% |
| Symbol | Osisko |
Osisko Gold '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 Osisko Gold's 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 Osisko Gold.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Osisko Gold on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Osisko Gold Royalties or generate 0.0% return on investment in Osisko Gold over 30 days. Osisko Gold is related to or competes with Teradata Corp, Datagroup, JB Hunt, Fidelity National, Home Depot, Lindsell Train, and Morgan Advanced. Osisko Gold is entity of United Kingdom. It is traded as Stock on LSE exchange. More
Osisko Gold 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 Osisko Gold's 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 Osisko Gold Royalties upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.97 | |||
| Information Ratio | 0.0203 | |||
| Maximum Drawdown | 10.59 | |||
| Value At Risk | (2.33) | |||
| Potential Upside | 2.86 |
Osisko Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Osisko Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Osisko Gold's standard deviation. In reality, there are many statistical measures that can use Osisko Gold historical prices to predict the future Osisko Gold's volatility.| Risk Adjusted Performance | 0.0763 | |||
| Jensen Alpha | 0.1543 | |||
| Total Risk Alpha | (0.13) | |||
| Sortino Ratio | 0.0187 | |||
| Treynor Ratio | 6.39 |
Osisko Gold Royalties Backtested Returns
Osisko Gold appears to be very steady, given 3 months investment horizon. Osisko Gold Royalties maintains Sharpe Ratio (i.e., Efficiency) of 0.11, which implies the firm had a 0.11% return per unit of risk over the last 3 months. We have found thirty technical indicators for Osisko Gold Royalties, which you can use to evaluate the volatility of the company. Please evaluate Osisko Gold's Risk Adjusted Performance of 0.0763, coefficient of variation of 1084.58, and Semi Deviation of 1.82 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Osisko Gold holds a performance score of 8. The company holds a Beta of 0.0246, which implies not very significant fluctuations relative to the market. As returns on the market increase, Osisko Gold's returns are expected to increase less than the market. However, during the bear market, the loss of holding Osisko Gold is expected to be smaller as well. Please check Osisko Gold's market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to make a quick decision on whether Osisko Gold's historical price patterns will revert.
Auto-correlation | -0.34 |
Poor reverse predictability
Osisko Gold Royalties has poor reverse predictability. Overlapping area represents the amount of predictability between Osisko Gold time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Osisko Gold Royalties price movement. The serial correlation of -0.34 indicates that nearly 34.0% of current Osisko Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.34 | |
| Spearman Rank Test | -0.77 | |
| Residual Average | 0.0 | |
| Price Variance | 0.23 |
Osisko Gold Royalties lagged returns against current returns
Autocorrelation, which is Osisko Gold 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 Osisko Gold's stock expected returns. We can calculate the autocorrelation of Osisko Gold returns to help us make a trade decision. For example, suppose you find that Osisko Gold 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 |
Osisko Gold 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 Osisko Gold stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Osisko Gold stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Osisko Gold stock over time.
Current vs Lagged Prices |
| Timeline |
Osisko Gold Lagged Returns
When evaluating Osisko Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Osisko Gold stock have on its future price. Osisko Gold 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, Osisko Gold autocorrelation shows the relationship between Osisko Gold stock current value and its past values and can show if there is a momentum factor associated with investing in Osisko Gold Royalties.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Osisko Stock Analysis
When running Osisko Gold's price analysis, check to measure Osisko 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 Osisko Gold is operating at the current time. Most of Osisko Gold's value examination focuses on studying past and present price action to predict the probability of Osisko 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 Osisko Gold's price. Additionally, you may evaluate how the addition of Osisko Gold to your portfolios can decrease your overall portfolio volatility.