Oroco Resource Corp Stock Market Value
| OCO Stock | CAD 0.29 0.01 3.57% |
| Symbol | Oroco |
Oroco Resource Corp Price To Book Ratio
Oroco Resource '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 Oroco Resource'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 Oroco Resource.
| 06/12/2023 |
| 12/03/2024 |
If you would invest 0.00 in Oroco Resource on June 12, 2023 and sell it all today you would earn a total of 0.00 from holding Oroco Resource Corp or generate 0.0% return on investment in Oroco Resource over 540 days. Oroco Resource is related to or competes with First Majestic, Ivanhoe Energy, Orezone Gold, and Faraday Copper. Oroco Resource Corp., an exploration stage company, engages in the acquisition, exploration, and development of mineral ... More
Oroco Resource 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 Oroco Resource'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 Oroco Resource Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 19.39 | |||
| Value At Risk | (5.71) | |||
| Potential Upside | 6.06 |
Oroco Resource Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Oroco Resource's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Oroco Resource's standard deviation. In reality, there are many statistical measures that can use Oroco Resource historical prices to predict the future Oroco Resource's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.33) | |||
| Total Risk Alpha | (0.80) | |||
| Treynor Ratio | (0.55) |
Oroco Resource Corp Backtested Returns
Oroco Resource Corp maintains Sharpe Ratio (i.e., Efficiency) of -0.0759, which implies the firm had a -0.0759% return per unit of risk over the last 3 months. Oroco Resource Corp exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Oroco Resource's Coefficient Of Variation of (1,338), variance of 12.5, and Risk Adjusted Performance of (0.05) to confirm the risk estimate we provide. The company holds a Beta of 0.5, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Oroco Resource's returns are expected to increase less than the market. However, during the bear market, the loss of holding Oroco Resource is expected to be smaller as well. At this point, Oroco Resource Corp has a negative expected return of -0.27%. Please make sure to check Oroco Resource's skewness, as well as the relationship between the rate of daily change and price action indicator , to decide if Oroco Resource Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.71 |
Good predictability
Oroco Resource Corp has good predictability. Overlapping area represents the amount of predictability between Oroco Resource time series from 12th of June 2023 to 8th of March 2024 and 8th of March 2024 to 3rd of December 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 Oroco Resource Corp price movement. The serial correlation of 0.71 indicates that around 71.0% of current Oroco Resource price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.71 | |
| Spearman Rank Test | 0.73 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Oroco Resource Corp lagged returns against current returns
Autocorrelation, which is Oroco Resource 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 Oroco Resource's stock expected returns. We can calculate the autocorrelation of Oroco Resource returns to help us make a trade decision. For example, suppose you find that Oroco Resource 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 |
Oroco Resource 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 Oroco Resource stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Oroco Resource stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Oroco Resource stock over time.
Current vs Lagged Prices |
| Timeline |
Oroco Resource Lagged Returns
When evaluating Oroco Resource's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Oroco Resource stock have on its future price. Oroco Resource 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, Oroco Resource autocorrelation shows the relationship between Oroco Resource stock current value and its past values and can show if there is a momentum factor associated with investing in Oroco Resource Corp.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Oroco Stock Analysis
When running Oroco Resource's price analysis, check to measure Oroco Resource'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 Oroco Resource is operating at the current time. Most of Oroco Resource's value examination focuses on studying past and present price action to predict the probability of Oroco Resource's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Oroco Resource's price. Additionally, you may evaluate how the addition of Oroco Resource to your portfolios can decrease your overall portfolio volatility.