Orbit Garant Drilling Stock Market Value
| OBGRF Stock | USD 0.64 0.00 0.00% |
| Symbol | Orbit |
Orbit Garant '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 Orbit Garant's pink sheet 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 Orbit Garant.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Orbit Garant on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Orbit Garant Drilling or generate 0.0% return on investment in Orbit Garant over 30 days. Orbit Garant is related to or competes with South32, NioCorp Developments, HUMANA, SCOR PK, Ab Pennsylvania, Small Cap, and Thrivent High. Orbit Garant Drilling Inc. provides mineral drilling services in Canada, the United States, South America, and West Afri... More
Orbit Garant 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 Orbit Garant's pink sheet 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 Orbit Garant Drilling upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.059 | |||
| Maximum Drawdown | 57.14 |
Orbit Garant Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Orbit Garant's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Orbit Garant's standard deviation. In reality, there are many statistical measures that can use Orbit Garant historical prices to predict the future Orbit Garant's volatility.| Risk Adjusted Performance | 0.0663 | |||
| Jensen Alpha | 0.7278 | |||
| Total Risk Alpha | (0.61) | |||
| Treynor Ratio | (0.47) |
Orbit Garant Drilling Backtested Returns
Orbit Garant appears to be out of control, given 3 months investment horizon. Orbit Garant Drilling maintains Sharpe Ratio (i.e., Efficiency) of 0.0765, which implies the firm had a 0.0765% return per unit of risk over the last 3 months. By analyzing Orbit Garant's technical indicators, you can evaluate if the expected return of 0.62% is justified by implied risk. Please evaluate Orbit Garant's Variance of 63.11, risk adjusted performance of 0.0663, and Coefficient Of Variation of 1336.98 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Orbit Garant holds a performance score of 6. The company holds a Beta of -1.24, which implies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Orbit Garant are expected to decrease by larger amounts. On the other hand, during market turmoil, Orbit Garant is expected to outperform it. Please check Orbit Garant's information ratio, as well as the relationship between the kurtosis and relative strength index , to make a quick decision on whether Orbit Garant's historical price patterns will revert.
Auto-correlation | 0.29 |
Poor predictability
Orbit Garant Drilling has poor predictability. Overlapping area represents the amount of predictability between Orbit Garant time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 Orbit Garant Drilling price movement. The serial correlation of 0.29 indicates that nearly 29.0% of current Orbit Garant price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.29 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Orbit Garant Drilling lagged returns against current returns
Autocorrelation, which is Orbit Garant pink sheet'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 Orbit Garant's pink sheet expected returns. We can calculate the autocorrelation of Orbit Garant returns to help us make a trade decision. For example, suppose you find that Orbit Garant has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Orbit Garant 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 Orbit Garant pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Orbit Garant pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Orbit Garant pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Orbit Garant Lagged Returns
When evaluating Orbit Garant's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Orbit Garant pink sheet have on its future price. Orbit Garant 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, Orbit Garant autocorrelation shows the relationship between Orbit Garant pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Orbit Garant Drilling.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Orbit Pink Sheet
Orbit Garant financial ratios help investors to determine whether Orbit Pink Sheet is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Orbit with respect to the benefits of owning Orbit Garant security.