ORMONDE MINING's market value is the price at which a share of ORMONDE MINING trades on a public exchange. It measures the collective expectations of ORMONDE MINING EO 01 investors about its performance. ORMONDE MINING is trading at 5.0E-4 as of the 2nd of December 2024. This is a No Change since the beginning of the trading day. The stock's lowest day price was 5.0E-4. With this module, you can estimate the performance of a buy and hold strategy of ORMONDE MINING EO 01 and determine expected loss or profit from investing in ORMONDE MINING 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 board of governors.
Symbol
ORMONDE
ORMONDE MINING '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 ORMONDE MINING'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 ORMONDE MINING.
0.00
12/13/2022
No Change 0.00
0.0
In 1 year 11 months and 22 days
12/02/2024
0.00
If you would invest 0.00 in ORMONDE MINING on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding ORMONDE MINING EO 01 or generate 0.0% return on investment in ORMONDE MINING over 720 days.
ORMONDE MINING 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 ORMONDE MINING'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 ORMONDE MINING EO 01 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 ORMONDE MINING's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ORMONDE MINING's standard deviation. In reality, there are many statistical measures that can use ORMONDE MINING historical prices to predict the future ORMONDE MINING's volatility.
ORMONDE MINING is out of control given 3 months investment horizon. ORMONDE MINING EO maintains Sharpe Ratio (i.e., Efficiency) of 0.13, which implies the firm had a 0.13% return per unit of volatility over the last 3 months. We were able to break down and collect data for sixteen different technical indicators, which can help you to evaluate if expected returns of 5.28% are justified by taking the suggested risk. Use ORMONDE MINING risk adjusted performance of 0.1116, and Coefficient Of Variation of 751.08 to evaluate company specific risk that cannot be diversified away. ORMONDE MINING holds a performance score of 10 on a scale of zero to a hundred. The company holds a Beta of 6.86, which implies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, ORMONDE MINING will likely underperform. Use ORMONDE MINING treynor ratio, skewness, rate of daily change, as well as the relationship between the maximum drawdown and kurtosis , to analyze future returns on ORMONDE MINING.
Auto-correlation
0.01
Virtually no predictability
ORMONDE MINING EO 01 has virtually no predictability. Overlapping area represents the amount of predictability between ORMONDE MINING time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd 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 ORMONDE MINING EO price movement. The serial correlation of 0.01 indicates that just 1.0% of current ORMONDE MINING price fluctuation can be explain by its past prices.
Correlation Coefficient
0.01
Spearman Rank Test
0.56
Residual Average
0.0
Price Variance
0.0
ORMONDE MINING EO lagged returns against current returns
Autocorrelation, which is ORMONDE MINING 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 ORMONDE MINING's stock expected returns. We can calculate the autocorrelation of ORMONDE MINING returns to help us make a trade decision. For example, suppose you find that ORMONDE MINING 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
ORMONDE MINING 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 ORMONDE MINING stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ORMONDE MINING stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ORMONDE MINING stock over time.
Current vs Lagged Prices
Timeline
ORMONDE MINING Lagged Returns
When evaluating ORMONDE MINING's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ORMONDE MINING stock have on its future price. ORMONDE MINING 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, ORMONDE MINING autocorrelation shows the relationship between ORMONDE MINING stock current value and its past values and can show if there is a momentum factor associated with investing in ORMONDE MINING EO 01.