Osisko Development Corp Stock Market Value
| ODV Stock | USD 1.84 0.06 3.16% |
| Symbol | Osisko |
Osisko Development Corp Price To Book Ratio
Is Diversified Metals & Mining space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Osisko Development. If investors know Osisko will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Osisko Development listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.80) | Revenue Per Share 0.135 | Quarterly Revenue Growth (0.98) | Return On Assets (0.16) | Return On Equity (0.33) |
The market value of Osisko Development Corp is measured differently than its book value, which is the value of Osisko that is recorded on the company's balance sheet. Investors also form their own opinion of Osisko Development's value that differs from its market value or its book value, called intrinsic value, which is Osisko Development's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Osisko Development's market value can be influenced by many factors that don't directly affect Osisko Development's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Osisko Development's value and its price as these two are different measures arrived at by different means. Investors typically determine if Osisko Development is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Osisko Development's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Osisko Development '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 Development'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 Development.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Osisko Development on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Osisko Development Corp or generate 0.0% return on investment in Osisko Development over 30 days. Osisko Development is related to or competes with Sitka Gold, Dakota Gold, Aurion Resources, Orezone Gold, Rio2, Norsemont Mining, and Fortuna Silver. Osisko Development Corp., a gold mining company, engages in the exploration, evaluation, and development of mining proje... More
Osisko Development 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 Development'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 Development Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 39.97 | |||
| Value At Risk | (5.52) | |||
| Potential Upside | 6.9 |
Osisko Development Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Osisko Development's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Osisko Development's standard deviation. In reality, there are many statistical measures that can use Osisko Development historical prices to predict the future Osisko Development's volatility.| Risk Adjusted Performance | 0.0024 | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.84) | |||
| Treynor Ratio | (0.09) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Osisko Development's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Osisko Development Corp Backtested Returns
Osisko Development Corp maintains Sharpe Ratio (i.e., Efficiency) of -0.0147, which implies the firm had a -0.0147% return per unit of risk over the last 3 months. Osisko Development Corp exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Osisko Development's Risk Adjusted Performance of 0.0024, coefficient of variation of (12,087), and Variance of 36.22 to confirm the risk estimate we provide. The company holds a Beta of 0.67, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Osisko Development's returns are expected to increase less than the market. However, during the bear market, the loss of holding Osisko Development is expected to be smaller as well. At this point, Osisko Development Corp has a negative expected return of -0.0891%. Please make sure to check Osisko Development's maximum drawdown, as well as the relationship between the daily balance of power and period momentum indicator , to decide if Osisko Development Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.40 |
Average predictability
Osisko Development Corp has average predictability. Overlapping area represents the amount of predictability between Osisko Development time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 Development Corp price movement. The serial correlation of 0.4 indicates that just about 40.0% of current Osisko Development price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.4 | |
| Spearman Rank Test | -0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Osisko Development Corp lagged returns against current returns
Autocorrelation, which is Osisko Development 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 Development's stock expected returns. We can calculate the autocorrelation of Osisko Development returns to help us make a trade decision. For example, suppose you find that Osisko Development 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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Osisko Development 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 Development stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Osisko Development stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Osisko Development stock over time.
Current vs Lagged Prices |
| Timeline |
Osisko Development Lagged Returns
When evaluating Osisko Development's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Osisko Development stock have on its future price. Osisko Development 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 Development autocorrelation shows the relationship between Osisko Development stock current value and its past values and can show if there is a momentum factor associated with investing in Osisko Development Corp.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Osisko Stock Analysis
When running Osisko Development's price analysis, check to measure Osisko Development'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 Development is operating at the current time. Most of Osisko Development's value examination focuses on studying past and present price action to predict the probability of Osisko Development'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 Development's price. Additionally, you may evaluate how the addition of Osisko Development to your portfolios can decrease your overall portfolio volatility.