Orion Minerals (Australia) Market Value
| ORN Stock | 0.02 0 6.67% |
| Symbol | Orion |
Orion 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 Orion 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 Orion Minerals.
| 01/02/2025 |
| 02/01/2025 |
If you would invest 0.00 in Orion Minerals on January 2, 2025 and sell it all today you would earn a total of 0.00 from holding Orion Minerals or generate 0.0% return on investment in Orion Minerals over 30 days. Orion Minerals is related to or competes with Ainsworth Game, Ras Technology, Medical Developments, and Metals X. Orion Minerals is entity of Australia. It is traded as Stock on AU exchange. More
Orion 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 Orion 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 Orion Minerals upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 20.48 | |||
| Value At Risk | (6.67) | |||
| Potential Upside | 7.14 |
Orion Minerals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Orion Minerals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Orion Minerals' standard deviation. In reality, there are many statistical measures that can use Orion Minerals historical prices to predict the future Orion Minerals' volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.47) | |||
| Total Risk Alpha | (0.92) | |||
| Treynor Ratio | (2.34) |
Orion Minerals Backtested Returns
Orion Minerals maintains Sharpe Ratio (i.e., Efficiency) of -0.0181, which implies the firm had a -0.0181 % return per unit of risk over the last 3 months. Orion Minerals exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Orion Minerals' Risk Adjusted Performance of (0.08), coefficient of variation of (989.32), and Variance of 19.19 to confirm the risk estimate we provide. The company holds a Beta of 0.19, which implies not very significant fluctuations relative to the market. As returns on the market increase, Orion Minerals' returns are expected to increase less than the market. However, during the bear market, the loss of holding Orion Minerals is expected to be smaller as well. At this point, Orion Minerals has a negative expected return of -0.0845%. Please make sure to check Orion Minerals' information ratio, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if Orion Minerals performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.19 |
Insignificant reverse predictability
Orion Minerals has insignificant reverse predictability. Overlapping area represents the amount of predictability between Orion Minerals time series from 2nd of January 2025 to 17th of January 2025 and 17th of January 2025 to 1st of February 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 Orion Minerals price movement. The serial correlation of -0.19 indicates that over 19.0% of current Orion Minerals price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.19 | |
| Spearman Rank Test | -0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Orion Minerals lagged returns against current returns
Autocorrelation, which is Orion 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 Orion Minerals' stock expected returns. We can calculate the autocorrelation of Orion Minerals returns to help us make a trade decision. For example, suppose you find that Orion 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 |
Orion 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 Orion Minerals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Orion Minerals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Orion Minerals stock over time.
Current vs Lagged Prices |
| Timeline |
Orion Minerals Lagged Returns
When evaluating Orion Minerals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Orion Minerals stock have on its future price. Orion 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, Orion Minerals autocorrelation shows the relationship between Orion Minerals stock current value and its past values and can show if there is a momentum factor associated with investing in Orion Minerals.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Orion Stock Analysis
When running Orion Minerals' price analysis, check to measure Orion Minerals' 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 Orion Minerals is operating at the current time. Most of Orion Minerals' value examination focuses on studying past and present price action to predict the probability of Orion Minerals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Orion Minerals' price. Additionally, you may evaluate how the addition of Orion Minerals to your portfolios can decrease your overall portfolio volatility.