Orea Mining Corp Stock Market Value
Orea Mining's market value is the price at which a share of Orea Mining trades on a public exchange. It measures the collective expectations of Orea Mining Corp investors about its performance. With this module, you can estimate the performance of a buy and hold strategy of Orea Mining Corp and determine expected loss or profit from investing in Orea Mining over a given investment horizon. Check out Orea Mining Correlation, Orea Mining Volatility and Orea Mining Alpha and Beta module to complement your research on Orea Mining.
| Symbol | Orea |
Orea 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 Orea 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 Orea Mining.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Orea Mining on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Orea Mining Corp or generate 0.0% return on investment in Orea Mining over 30 days. Orea Mining is related to or competes with Norsemont Mining, Tudor Gold, Orogen Royalties, Cabral Gold, Asante Gold, Bluestone Resources, and Angus Gold. Orea Mining Corp. engages in the acquisition, exploration, and development of mineral properties in France and South Ame... More
Orea 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 Orea 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 Orea Mining Corp upside and downside potential and time the market with a certain degree of confidence.
Orea Mining Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Orea Mining's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Orea Mining's standard deviation. In reality, there are many statistical measures that can use Orea Mining historical prices to predict the future Orea Mining's volatility.Orea Mining Corp Backtested Returns
We have found zero technical indicators for Orea Mining Corp, which you can use to evaluate the volatility of the company. The company holds a Beta of 0.0, which implies not very significant fluctuations relative to the market. the returns on MARKET and Orea Mining are completely uncorrelated.
Auto-correlation | 0.00 |
No correlation between past and present
Orea Mining Corp has no correlation between past and present. Overlapping area represents the amount of predictability between Orea Mining time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st of December 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 Orea Mining Corp price movement. The serial correlation of 0.0 indicates that just 0.0% of current Orea Mining price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Orea Mining Corp lagged returns against current returns
Autocorrelation, which is Orea 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 Orea Mining's pink sheet expected returns. We can calculate the autocorrelation of Orea Mining returns to help us make a trade decision. For example, suppose you find that Orea 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 |
Orea 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 Orea Mining pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Orea 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 Orea Mining pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Orea Mining Lagged Returns
When evaluating Orea Mining's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Orea Mining pink sheet have on its future price. Orea 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, Orea Mining autocorrelation shows the relationship between Orea Mining pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Orea Mining Corp.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Orea Pink Sheet
Orea Mining financial ratios help investors to determine whether Orea 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 Orea with respect to the benefits of owning Orea Mining security.