Orogen Royalties Stock Market Value
| OGNRF Stock | USD 1.01 0.10 10.99% |
| Symbol | Orogen |
Orogen Royalties '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 Orogen Royalties' 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 Orogen Royalties.
| 10/25/2024 |
| 11/24/2024 |
If you would invest 0.00 in Orogen Royalties on October 25, 2024 and sell it all today you would earn a total of 0.00 from holding Orogen Royalties or generate 0.0% return on investment in Orogen Royalties over 30 days. Orogen Royalties is related to or competes with Aurion Resources, Liberty Gold, Orezone Gold, Radisson Mining, Predictive Discovery, Fortuna Silver, and Sandstorm Gold. Orogen Royalties Inc. operates as a mineral exploration company in Canada, the United States, and Mexico More
Orogen Royalties 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 Orogen Royalties' 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 Orogen Royalties upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.01 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 14.49 | |||
| Value At Risk | (4.55) | |||
| Potential Upside | 5.26 |
Orogen Royalties Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Orogen Royalties' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Orogen Royalties' standard deviation. In reality, there are many statistical measures that can use Orogen Royalties historical prices to predict the future Orogen Royalties' volatility.| Risk Adjusted Performance | 0.0191 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.45) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.055 |
Orogen Royalties Backtested Returns
Orogen Royalties maintains Sharpe Ratio (i.e., Efficiency) of -0.0042, which implies the firm had a -0.0042% return per unit of risk over the last 3 months. Orogen Royalties exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Orogen Royalties' Semi Deviation of 2.55, coefficient of variation of 6632.77, and Risk Adjusted Performance of 0.0191 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, Orogen Royalties' returns are expected to increase less than the market. However, during the bear market, the loss of holding Orogen Royalties is expected to be smaller as well. At this point, Orogen Royalties has a negative expected return of -0.013%. Please make sure to check Orogen Royalties' maximum drawdown, accumulation distribution, relative strength index, as well as the relationship between the semi variance and day typical price , to decide if Orogen Royalties performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.33 |
Below average predictability
Orogen Royalties has below average predictability. Overlapping area represents the amount of predictability between Orogen Royalties time series from 25th of October 2024 to 9th of November 2024 and 9th of November 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 Orogen Royalties price movement. The serial correlation of 0.33 indicates that nearly 33.0% of current Orogen Royalties price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.33 | |
| Spearman Rank Test | -0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Orogen Royalties lagged returns against current returns
Autocorrelation, which is Orogen Royalties 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 Orogen Royalties' pink sheet expected returns. We can calculate the autocorrelation of Orogen Royalties returns to help us make a trade decision. For example, suppose you find that Orogen Royalties 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 |
Orogen Royalties 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 Orogen Royalties pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Orogen Royalties pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Orogen Royalties pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Orogen Royalties Lagged Returns
When evaluating Orogen Royalties' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Orogen Royalties pink sheet have on its future price. Orogen Royalties 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, Orogen Royalties autocorrelation shows the relationship between Orogen Royalties pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Orogen Royalties.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Orogen Pink Sheet
Orogen Royalties financial ratios help investors to determine whether Orogen 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 Orogen with respect to the benefits of owning Orogen Royalties security.