Opus One Resources Stock Market Value
| OOR Stock | CAD 0.05 0.00 0.00% |
| Symbol | Opus |
Opus One '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 Opus One'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 Opus One.
| 06/01/2024 |
| 11/28/2024 |
If you would invest 0.00 in Opus One on June 1, 2024 and sell it all today you would earn a total of 0.00 from holding Opus One Resources or generate 0.0% return on investment in Opus One over 180 days. Opus One is related to or competes with Data Communications, Orbit Garant, Bip Investment, Precision Drilling, Goodfood Market, Brookfield Asset, and Maple Leaf. Opus One Resources Inc., an exploration stage company, engages in the acquisition and exploration of mineral properties ... More
Opus One 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 Opus One'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 Opus One Resources upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 24.12 | |||
| Information Ratio | 0.1084 | |||
| Maximum Drawdown | 86.67 | |||
| Value At Risk | (20.00) | |||
| Potential Upside | 25.0 |
Opus One Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Opus One's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Opus One's standard deviation. In reality, there are many statistical measures that can use Opus One historical prices to predict the future Opus One's volatility.| Risk Adjusted Performance | 0.099 | |||
| Jensen Alpha | 1.25 | |||
| Total Risk Alpha | (0.50) | |||
| Sortino Ratio | 0.066 | |||
| Treynor Ratio | 0.4331 |
Opus One Resources Backtested Returns
Opus One is out of control given 3 months investment horizon. Opus One Resources maintains Sharpe Ratio (i.e., Efficiency) of 0.12, which implies the firm had a 0.12% return per unit of risk over the last 3 months. We were able to interpolate twenty-four different technical indicators, which can help you to evaluate if expected returns of 1.8% are justified by taking the suggested risk. Use Opus One Semi Deviation of 7.71, risk adjusted performance of 0.099, and Coefficient Of Variation of 855.5 to evaluate company specific risk that cannot be diversified away. Opus One holds a performance score of 9 on a scale of zero to a hundred. The company holds a Beta of 3.94, which implies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Opus One will likely underperform. Use Opus One potential upside, as well as the relationship between the skewness and day typical price , to analyze future returns on Opus One.
Auto-correlation | 0.23 |
Weak predictability
Opus One Resources has weak predictability. Overlapping area represents the amount of predictability between Opus One time series from 1st of June 2024 to 30th of August 2024 and 30th of August 2024 to 28th 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 Opus One Resources price movement. The serial correlation of 0.23 indicates that over 23.0% of current Opus One price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.23 | |
| Spearman Rank Test | 0.75 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Opus One Resources lagged returns against current returns
Autocorrelation, which is Opus One 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 Opus One's stock expected returns. We can calculate the autocorrelation of Opus One returns to help us make a trade decision. For example, suppose you find that Opus One 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 |
Opus One 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 Opus One stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Opus One stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Opus One stock over time.
Current vs Lagged Prices |
| Timeline |
Opus One Lagged Returns
When evaluating Opus One's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Opus One stock have on its future price. Opus One 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, Opus One autocorrelation shows the relationship between Opus One stock current value and its past values and can show if there is a momentum factor associated with investing in Opus One Resources.
Regressed Prices |
| Timeline |
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Additional Tools for Opus Stock Analysis
When running Opus One's price analysis, check to measure Opus One'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 Opus One is operating at the current time. Most of Opus One's value examination focuses on studying past and present price action to predict the probability of Opus One's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Opus One's price. Additionally, you may evaluate how the addition of Opus One to your portfolios can decrease your overall portfolio volatility.