OD6 Metals (Australia) Market Value
| OD6 Stock | 0.04 0.01 12.50% |
| Symbol | OD6 |
OD6 Metals '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 OD6 Metals' 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 OD6 Metals.
| 11/30/2023 |
| 11/24/2024 |
If you would invest 0.00 in OD6 Metals on November 30, 2023 and sell it all today you would earn a total of 0.00 from holding OD6 Metals or generate 0.0% return on investment in OD6 Metals over 360 days. OD6 Metals is related to or competes with Northern Star, Evolution Mining, Bluescope Steel, Sandfire Resources, Aneka Tambang, Perseus Mining, and De Grey. OD6 Metals is entity of Australia. It is traded as Stock on AU exchange. More
OD6 Metals 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 OD6 Metals' 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 OD6 Metals upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 8.6 | |||
| Information Ratio | 0.0025 | |||
| Maximum Drawdown | 93.51 | |||
| Value At Risk | (11.11) | |||
| Potential Upside | 11.76 |
OD6 Metals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for OD6 Metals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as OD6 Metals' standard deviation. In reality, there are many statistical measures that can use OD6 Metals historical prices to predict the future OD6 Metals' volatility.| Risk Adjusted Performance | 0.0202 | |||
| Jensen Alpha | 0.3603 | |||
| Total Risk Alpha | (1.60) | |||
| Sortino Ratio | 0.0032 | |||
| Treynor Ratio | (0.08) |
OD6 Metals Backtested Returns
Currently, OD6 Metals is out of control. OD6 Metals retains Efficiency (Sharpe Ratio) of 0.0111, which implies the firm had a 0.0111% return per unit of risk over the last 3 months. We have found thirty technical indicators for OD6 Metals, which you can use to evaluate the volatility of the company. Please check OD6 Metals' coefficient of variation of 7010.94, and Market Risk Adjusted Performance of (0.07) to confirm if the risk estimate we provide is consistent with the expected return of 0.12%. The company owns a Beta (Systematic Risk) of -1.76, which implies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning OD6 Metals are expected to decrease by larger amounts. On the other hand, during market turmoil, OD6 Metals is expected to outperform it. OD6 Metals at this moment owns a risk of 11.1%. Please check OD6 Metals market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to decide if OD6 Metals will be following its current price history.
Auto-correlation | 0.66 |
Good predictability
OD6 Metals has good predictability. Overlapping area represents the amount of predictability between OD6 Metals time series from 30th of November 2023 to 28th of May 2024 and 28th of May 2024 to 24th 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 OD6 Metals price movement. The serial correlation of 0.66 indicates that around 66.0% of current OD6 Metals price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.66 | |
| Spearman Rank Test | 0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
OD6 Metals lagged returns against current returns
Autocorrelation, which is OD6 Metals 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 OD6 Metals' stock expected returns. We can calculate the autocorrelation of OD6 Metals returns to help us make a trade decision. For example, suppose you find that OD6 Metals 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 |
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OD6 Metals 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 OD6 Metals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if OD6 Metals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in OD6 Metals stock over time.
Current vs Lagged Prices |
| Timeline |
OD6 Metals Lagged Returns
When evaluating OD6 Metals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of OD6 Metals stock have on its future price. OD6 Metals 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, OD6 Metals autocorrelation shows the relationship between OD6 Metals stock current value and its past values and can show if there is a momentum factor associated with investing in OD6 Metals.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for OD6 Stock Analysis
When running OD6 Metals' price analysis, check to measure OD6 Metals' 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 OD6 Metals is operating at the current time. Most of OD6 Metals' value examination focuses on studying past and present price action to predict the probability of OD6 Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move OD6 Metals' price. Additionally, you may evaluate how the addition of OD6 Metals to your portfolios can decrease your overall portfolio volatility.