Orefinders Resources Stock Market Value
| ORFDF Stock | USD 0.05 0.0002 0.40% |
| Symbol | Orefinders |
Orefinders Resources '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 Orefinders Resources' otc 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 Orefinders Resources.
| 02/01/2024 |
| 11/27/2024 |
If you would invest 0.00 in Orefinders Resources on February 1, 2024 and sell it all today you would earn a total of 0.00 from holding Orefinders Resources or generate 0.0% return on investment in Orefinders Resources over 300 days. Orefinders Resources is related to or competes with Lavras Gold, North Peak, Gold Bull, and Robex Resources. Orefinders Resources Inc. engages in the exploration, development, and production of gold assets in the Abitibi region o... More
Orefinders Resources 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 Orefinders Resources' otc 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 Orefinders Resources upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.98 | |||
| Information Ratio | 0.0938 | |||
| Maximum Drawdown | 25.64 | |||
| Value At Risk | (5.96) | |||
| Potential Upside | 7.82 |
Orefinders Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Orefinders Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Orefinders Resources' standard deviation. In reality, there are many statistical measures that can use Orefinders Resources historical prices to predict the future Orefinders Resources' volatility.| Risk Adjusted Performance | 0.1023 | |||
| Jensen Alpha | 0.5756 | |||
| Total Risk Alpha | (0.17) | |||
| Sortino Ratio | 0.0845 | |||
| Treynor Ratio | (1.88) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Orefinders Resources' 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.
Orefinders Resources Backtested Returns
Orefinders Resources appears to be out of control, given 3 months investment horizon. Orefinders Resources maintains Sharpe Ratio (i.e., Efficiency) of 0.1, which implies the firm had a 0.1% return per unit of risk over the last 3 months. We have found thirty technical indicators for Orefinders Resources, which you can use to evaluate the volatility of the company. Please evaluate Orefinders Resources' Coefficient Of Variation of 813.53, semi deviation of 3.44, and Risk Adjusted Performance of 0.1023 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Orefinders Resources holds a performance score of 7. The company holds a Beta of -0.29, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Orefinders Resources are expected to decrease at a much lower rate. During the bear market, Orefinders Resources is likely to outperform the market. Please check Orefinders Resources' value at risk, kurtosis, and the relationship between the sortino ratio and semi variance , to make a quick decision on whether Orefinders Resources' historical price patterns will revert.
Auto-correlation | -0.04 |
Very weak reverse predictability
Orefinders Resources has very weak reverse predictability. Overlapping area represents the amount of predictability between Orefinders Resources time series from 1st of February 2024 to 30th of June 2024 and 30th of June 2024 to 27th 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 Orefinders Resources price movement. The serial correlation of -0.04 indicates that only as little as 4.0% of current Orefinders Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.04 | |
| Spearman Rank Test | 0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Orefinders Resources lagged returns against current returns
Autocorrelation, which is Orefinders Resources otc 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 Orefinders Resources' otc stock expected returns. We can calculate the autocorrelation of Orefinders Resources returns to help us make a trade decision. For example, suppose you find that Orefinders Resources has exhibited high autocorrelation historically, and you observe that the otc 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 |
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Orefinders Resources 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 Orefinders Resources otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Orefinders Resources otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Orefinders Resources otc stock over time.
Current vs Lagged Prices |
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Orefinders Resources Lagged Returns
When evaluating Orefinders Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Orefinders Resources otc stock have on its future price. Orefinders Resources 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, Orefinders Resources autocorrelation shows the relationship between Orefinders Resources otc stock current value and its past values and can show if there is a momentum factor associated with investing in Orefinders Resources.
Regressed Prices |
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Currently Active Assets on Macroaxis
Other Information on Investing in Orefinders OTC Stock
Orefinders Resources financial ratios help investors to determine whether Orefinders OTC Stock 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 Orefinders with respect to the benefits of owning Orefinders Resources security.