O3 Mining Stock Market Value
| OIII Stock | CAD 1.08 0.01 0.93% |
| Symbol | OIII |
O3 Mining Price To Book Ratio
O3 Mining '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 O3 Mining'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 O3 Mining.
| 12/05/2022 |
| 11/24/2024 |
If you would invest 0.00 in O3 Mining on December 5, 2022 and sell it all today you would earn a total of 0.00 from holding O3 Mining or generate 0.0% return on investment in O3 Mining over 720 days. O3 Mining is related to or competes with First Majestic, Ivanhoe Energy, Orezone Gold, and Faraday Copper. O3 Mining Inc. engages in the acquisition, exploration, and development of mining properties in Canada More
O3 Mining 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 O3 Mining'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 O3 Mining upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.26 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 16.33 | |||
| Value At Risk | (3.88) | |||
| Potential Upside | 4.76 |
O3 Mining Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for O3 Mining's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as O3 Mining's standard deviation. In reality, there are many statistical measures that can use O3 Mining historical prices to predict the future O3 Mining's volatility.| Risk Adjusted Performance | 0.0257 | |||
| Jensen Alpha | 0.1306 | |||
| Total Risk Alpha | (0.39) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | (0.1) |
O3 Mining Backtested Returns
At this stage we consider OIII Stock to be dangerous. O3 Mining retains Efficiency (Sharpe Ratio) of 0.0295, which implies the company had a 0.0295% return per unit of price deviation over the last 3 months. We have found thirty technical indicators for O3 Mining, which you can use to evaluate the volatility of the entity. Please check O3 Mining's standard deviation of 2.83, and Market Risk Adjusted Performance of (0.09) to confirm if the risk estimate we provide is consistent with the expected return of 0.0847%. O3 Mining has a performance score of 2 on a scale of 0 to 100. The firm owns a Beta (Systematic Risk) of -0.6, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning O3 Mining are expected to decrease at a much lower rate. During the bear market, O3 Mining is likely to outperform the market. O3 Mining today owns a risk of 2.87%. Please check O3 Mining downside deviation, standard deviation, and the relationship between the semi deviation and coefficient of variation , to decide if O3 Mining will be following its current price history.
Auto-correlation | 0.44 |
Average predictability
O3 Mining has average predictability. Overlapping area represents the amount of predictability between O3 Mining time series from 5th of December 2022 to 30th of November 2023 and 30th of November 2023 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 O3 Mining price movement. The serial correlation of 0.44 indicates that just about 44.0% of current O3 Mining price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.44 | |
| Spearman Rank Test | 0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
O3 Mining lagged returns against current returns
Autocorrelation, which is O3 Mining 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 O3 Mining's stock expected returns. We can calculate the autocorrelation of O3 Mining returns to help us make a trade decision. For example, suppose you find that O3 Mining 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 |
O3 Mining 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 O3 Mining stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if O3 Mining stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in O3 Mining stock over time.
Current vs Lagged Prices |
| Timeline |
O3 Mining Lagged Returns
When evaluating O3 Mining's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of O3 Mining stock have on its future price. O3 Mining 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, O3 Mining autocorrelation shows the relationship between O3 Mining stock current value and its past values and can show if there is a momentum factor associated with investing in O3 Mining.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for OIII Stock Analysis
When running O3 Mining's price analysis, check to measure O3 Mining'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 O3 Mining is operating at the current time. Most of O3 Mining's value examination focuses on studying past and present price action to predict the probability of O3 Mining's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move O3 Mining's price. Additionally, you may evaluate how the addition of O3 Mining to your portfolios can decrease your overall portfolio volatility.