Orion Gold's market value is the price at which a share of Orion Gold trades on a public exchange. It measures the collective expectations of Orion Gold NL investors about its performance. Orion Gold is trading at 18.00 as of the 1st of December 2024, a 5.88 percent up since the beginning of the trading day. The stock's lowest day price was 17.0. With this module, you can estimate the performance of a buy and hold strategy of Orion Gold NL and determine expected loss or profit from investing in Orion Gold over a given investment horizon. Check out Your Equity Center to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in inflation.
Symbol
Orion
Orion Gold '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 Gold's 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 Gold.
0.00
12/12/2022
No Change 0.00
0.0
In 1 year 11 months and 22 days
12/01/2024
0.00
If you would invest 0.00 in Orion Gold on December 12, 2022 and sell it all today you would earn a total of 0.00 from holding Orion Gold NL or generate 0.0% return on investment in Orion Gold over 720 days.
Orion Gold 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 Gold's 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 Gold NL upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Orion Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Orion Gold's standard deviation. In reality, there are many statistical measures that can use Orion Gold historical prices to predict the future Orion Gold's volatility.
Orion Gold NL maintains Sharpe Ratio (i.e., Efficiency) of -0.0189, which implies the firm had a -0.0189% return per unit of risk over the last 3 months. Orion Gold NL exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Orion Gold's Coefficient Of Variation of 132341.83, semi deviation of 3.54, and Risk Adjusted Performance of 0.0087 to confirm the risk estimate we provide. The company holds a Beta of 0.24, which implies not very significant fluctuations relative to the market. As returns on the market increase, Orion Gold's returns are expected to increase less than the market. However, during the bear market, the loss of holding Orion Gold is expected to be smaller as well. At this point, Orion Gold NL has a negative expected return of -0.0778%. Please make sure to check Orion Gold's standard deviation, treynor ratio, downside variance, as well as the relationship between the total risk alpha and value at risk , to decide if Orion Gold NL performance from the past will be repeated at some point in the near future.
Auto-correlation
0.49
Average predictability
Orion Gold NL has average predictability. Overlapping area represents the amount of predictability between Orion Gold time series from 12th of December 2022 to 7th of December 2023 and 7th of December 2023 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 Orion Gold NL price movement. The serial correlation of 0.49 indicates that about 49.0% of current Orion Gold price fluctuation can be explain by its past prices.
Correlation Coefficient
0.49
Spearman Rank Test
0.41
Residual Average
0.0
Price Variance
5.22
Orion Gold NL lagged returns against current returns
Autocorrelation, which is Orion Gold 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 Gold's stock expected returns. We can calculate the autocorrelation of Orion Gold returns to help us make a trade decision. For example, suppose you find that Orion Gold 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 Gold 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 Gold stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Orion Gold stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Orion Gold stock over time.
Current vs Lagged Prices
Timeline
Orion Gold Lagged Returns
When evaluating Orion Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Orion Gold stock have on its future price. Orion Gold 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 Gold autocorrelation shows the relationship between Orion Gold stock current value and its past values and can show if there is a momentum factor associated with investing in Orion Gold NL.
Regressed Prices
Timeline
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