Orissa Minerals (India) Market Value
| ORISSAMINE | 7,552 97.85 1.31% |
| Symbol | Orissa |
Orissa Minerals '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 Orissa Minerals' 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 Orissa Minerals.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Orissa Minerals on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding The Orissa Minerals or generate 0.0% return on investment in Orissa Minerals over 30 days. Orissa Minerals is related to or competes with Country Club, Sonata Software, Syrma SGS, Aster DM, Global Health, Entero Healthcare, and Procter Gamble. Orissa Minerals is entity of India. It is traded as Stock on NSE exchange. More
Orissa Minerals 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 Orissa Minerals' 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 The Orissa Minerals upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.34 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 11.83 | |||
| Value At Risk | (4.12) | |||
| Potential Upside | 4.8 |
Orissa Minerals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Orissa Minerals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Orissa Minerals' standard deviation. In reality, there are many statistical measures that can use Orissa Minerals historical prices to predict the future Orissa Minerals' volatility.| Risk Adjusted Performance | 0.0182 | |||
| Jensen Alpha | 0.0119 | |||
| Total Risk Alpha | (0.38) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.2129 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Orissa Minerals' 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.
Orissa Minerals Backtested Returns
Orissa Minerals maintains Sharpe Ratio (i.e., Efficiency) of -0.0329, which implies the firm had a -0.0329% return per unit of risk over the last 3 months. Orissa Minerals exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Orissa Minerals' Semi Deviation of 2.2, coefficient of variation of 6893.88, and Market Risk Adjusted Performance of 0.2229 to confirm the risk estimate we provide. The company holds a Beta of 0.13, which implies not very significant fluctuations relative to the market. As returns on the market increase, Orissa Minerals' returns are expected to increase less than the market. However, during the bear market, the loss of holding Orissa Minerals is expected to be smaller as well. At this point, Orissa Minerals has a negative expected return of -0.0824%. Please make sure to check Orissa Minerals' semi variance, and the relationship between the sortino ratio and rate of daily change , to decide if Orissa Minerals performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.28 |
Weak reverse predictability
The Orissa Minerals has weak reverse predictability. Overlapping area represents the amount of predictability between Orissa Minerals time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 to 23rd 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 Orissa Minerals price movement. The serial correlation of -0.28 indicates that nearly 28.0% of current Orissa Minerals price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.28 | |
| Spearman Rank Test | -0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 33.5 K |
Orissa Minerals lagged returns against current returns
Autocorrelation, which is Orissa Minerals 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 Orissa Minerals' stock expected returns. We can calculate the autocorrelation of Orissa Minerals returns to help us make a trade decision. For example, suppose you find that Orissa Minerals 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 |
Orissa Minerals 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 Orissa Minerals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Orissa Minerals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Orissa Minerals stock over time.
Current vs Lagged Prices |
| Timeline |
Orissa Minerals Lagged Returns
When evaluating Orissa Minerals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Orissa Minerals stock have on its future price. Orissa Minerals 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, Orissa Minerals autocorrelation shows the relationship between Orissa Minerals stock current value and its past values and can show if there is a momentum factor associated with investing in The Orissa Minerals.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Orissa Stock
Orissa Minerals financial ratios help investors to determine whether Orissa 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 Orissa with respect to the benefits of owning Orissa Minerals security.