Ormet Stock Market Value
| ORMTQ Stock | USD 0.0001 0.00 0.00% |
| Symbol | Ormet |
Ormet '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 Ormet'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 Ormet.
| 01/09/2024 |
| 12/29/2025 |
If you would invest 0.00 in Ormet on January 9, 2024 and sell it all today you would earn a total of 0.00 from holding Ormet or generate 0.0% return on investment in Ormet over 720 days. Ormet Corporation engages in the production and sale of primary aluminum and related products in the United States More
Ormet 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 Ormet'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 Ormet upside and downside potential and time the market with a certain degree of confidence.
Ormet Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ormet's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ormet's standard deviation. In reality, there are many statistical measures that can use Ormet historical prices to predict the future Ormet's volatility.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Ormet'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.
Ormet Backtested Returns
We have found three technical indicators for Ormet, 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 Ormet are completely uncorrelated.
Auto-correlation | 1.00 |
Perfect predictability
Ormet has perfect predictability. Overlapping area represents the amount of predictability between Ormet time series from 9th of January 2024 to 3rd of January 2025 and 3rd of January 2025 to 29th of December 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Ormet price movement. The serial correlation of 1.0 indicates that 100.0% of current Ormet price fluctuation can be explain by its past prices.
| Correlation Coefficient | 1.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Ormet lagged returns against current returns
Autocorrelation, which is Ormet 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 Ormet's pink sheet expected returns. We can calculate the autocorrelation of Ormet returns to help us make a trade decision. For example, suppose you find that Ormet 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 |
Ormet 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 Ormet pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ormet pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ormet pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Ormet Lagged Returns
When evaluating Ormet's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ormet pink sheet have on its future price. Ormet 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, Ormet autocorrelation shows the relationship between Ormet pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Ormet.
Regressed Prices |
| Timeline |
Pair Trading with Ormet
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Ormet position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Ormet will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Ormet could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ormet when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Ormet - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Ormet to buy it.
The correlation of Ormet is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Ormet moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ormet moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Ormet can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Ormet Pink Sheet Analysis
When running Ormet's price analysis, check to measure Ormet'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 Ormet is operating at the current time. Most of Ormet's value examination focuses on studying past and present price action to predict the probability of Ormet's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ormet's price. Additionally, you may evaluate how the addition of Ormet to your portfolios can decrease your overall portfolio volatility.