Omineca Mining And Stock Market Value
| OMMSF Stock | USD 0.05 0 3.43% |
| Symbol | Omineca |
Omineca 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 Omineca Mining's 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 Omineca Mining.
| 10/25/2024 |
| 11/24/2024 |
If you would invest 0.00 in Omineca Mining on October 25, 2024 and sell it all today you would earn a total of 0.00 from holding Omineca Mining and or generate 0.0% return on investment in Omineca Mining over 30 days. Omineca Mining is related to or competes with Aurion Resources, Liberty Gold, Orezone Gold, Radisson Mining, Predictive Discovery, Fortuna Silver, and Sandstorm Gold. Omineca Mining and Metals Ltd., a junior resource company, explores for and develops mineral resources in Canada More
Omineca 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 Omineca Mining's 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 Omineca Mining and upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 8.38 | |||
| Information Ratio | 0.0136 | |||
| Maximum Drawdown | 73.49 | |||
| Value At Risk | (11.82) | |||
| Potential Upside | 11.76 |
Omineca Mining Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Omineca Mining's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Omineca Mining's standard deviation. In reality, there are many statistical measures that can use Omineca Mining historical prices to predict the future Omineca Mining's volatility.| Risk Adjusted Performance | 0.0298 | |||
| Jensen Alpha | 0.443 | |||
| Total Risk Alpha | (1.31) | |||
| Sortino Ratio | 0.0161 | |||
| Treynor Ratio | (0.17) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Omineca Mining'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.
Omineca Mining Backtested Returns
Omineca Mining appears to be out of control, given 3 months investment horizon. Omineca Mining maintains Sharpe Ratio (i.e., Efficiency) of 0.023, which implies the firm had a 0.023% return per unit of risk over the last 3 months. We have found thirty technical indicators for Omineca Mining, which you can use to evaluate the volatility of the company. Please evaluate Omineca Mining's Risk Adjusted Performance of 0.0298, semi deviation of 6.17, and Coefficient Of Variation of 3736.02 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Omineca Mining holds a performance score of 1. The company holds a Beta of -1.55, which implies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Omineca Mining are expected to decrease by larger amounts. On the other hand, during market turmoil, Omineca Mining is expected to outperform it. Please check Omineca Mining's sortino ratio and the relationship between the downside variance and market facilitation index , to make a quick decision on whether Omineca Mining's historical price patterns will revert.
Auto-correlation | -0.29 |
Weak reverse predictability
Omineca Mining and has weak reverse predictability. Overlapping area represents the amount of predictability between Omineca Mining 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 Omineca Mining price movement. The serial correlation of -0.29 indicates that nearly 29.0% of current Omineca Mining price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.29 | |
| Spearman Rank Test | 0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Omineca Mining lagged returns against current returns
Autocorrelation, which is Omineca Mining 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 Omineca Mining's pink sheet expected returns. We can calculate the autocorrelation of Omineca Mining returns to help us make a trade decision. For example, suppose you find that Omineca Mining 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 |
Omineca 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 Omineca Mining pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Omineca Mining pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Omineca Mining pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Omineca Mining Lagged Returns
When evaluating Omineca Mining's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Omineca Mining pink sheet have on its future price. Omineca 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, Omineca Mining autocorrelation shows the relationship between Omineca Mining pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Omineca Mining and.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Omineca Pink Sheet
Omineca Mining financial ratios help investors to determine whether Omineca 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 Omineca with respect to the benefits of owning Omineca Mining security.