Orbit Garant Drilling Stock Market Value
| OBGRF Stock | USD 1.12 0.01 0.90% |
| 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.
| 01/19/2024 |
| 01/08/2026 |
If you would invest 0.00 in Orbit Garant on January 19, 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 720 days. Orbit Garant is related to or competes with Nevada King, Nickel 28, Sherritt International, Focus Graphite, and International Battery. 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 | (0.05) | |||
| Maximum Drawdown | 24.66 | |||
| Value At Risk | (5.38) | |||
| Potential Upside | 5.68 |
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 | (0.01) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.44) | |||
| Treynor Ratio | (0.16) |
Orbit Garant Drilling Backtested Returns
Orbit Garant Drilling maintains Sharpe Ratio (i.e., Efficiency) of -0.0213, which implies the firm had a -0.0213 % return per unit of risk over the last 3 months. Orbit Garant Drilling exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Orbit Garant's Variance of 14.89, risk adjusted performance of (0.01), and Coefficient Of Variation of (3,742) to confirm the risk estimate we provide. The company holds a Beta of 0.69, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Orbit Garant's returns are expected to increase less than the market. However, during the bear market, the loss of holding Orbit Garant is expected to be smaller as well. At this point, Orbit Garant Drilling has a negative expected return of -0.0855%. Please make sure to check Orbit Garant's rate of daily change, period momentum indicator, as well as the relationship between the potential upside and information ratio , to decide if Orbit Garant Drilling performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.18 |
Very weak predictability
Orbit Garant Drilling has very weak predictability. Overlapping area represents the amount of predictability between Orbit Garant time series from 19th of January 2024 to 13th of January 2025 and 13th of January 2025 to 8th of January 2026. 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 0.18 indicates that over 18.0% of current Orbit Garant price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.18 | |
| Spearman Rank Test | 0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
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.