Orex Minerals Stock Market Value
| REX Stock | CAD 0.16 0.01 5.88% |
| Symbol | Orex |
Orex Minerals Price To Book Ratio
Orex 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 Orex 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 Orex Minerals.
| 01/26/2025 |
| 02/25/2025 |
If you would invest 0.00 in Orex Minerals on January 26, 2025 and sell it all today you would earn a total of 0.00 from holding Orex Minerals or generate 0.0% return on investment in Orex Minerals over 30 days. Orex Minerals is related to or competes with Tristar Gold, and Angkor Resources. Orex Minerals Inc. acquires and explores for mineral properties in Mexico and Canada More
Orex 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 Orex 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 Orex Minerals upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 9.09 | |||
| Information Ratio | 0.0197 | |||
| Maximum Drawdown | 35.58 | |||
| Value At Risk | (8.33) | |||
| Potential Upside | 13.33 |
Orex Minerals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Orex Minerals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Orex Minerals' standard deviation. In reality, there are many statistical measures that can use Orex Minerals historical prices to predict the future Orex Minerals' volatility.| Risk Adjusted Performance | 0.024 | |||
| Jensen Alpha | 0.1263 | |||
| Total Risk Alpha | 0.1792 | |||
| Sortino Ratio | 0.0152 | |||
| Treynor Ratio | (0.09) |
Orex Minerals Backtested Returns
Orex Minerals appears to be out of control, given 3 months investment horizon. Orex Minerals maintains Sharpe Ratio (i.e., Efficiency) of 0.0345, which implies the firm had a 0.0345 % return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Orex Minerals, which you can use to evaluate the volatility of the company. Please evaluate Orex Minerals' Coefficient Of Variation of 4896.03, risk adjusted performance of 0.024, and Semi Deviation of 4.87 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Orex Minerals holds a performance score of 2. The company holds a Beta of -1.41, which implies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Orex Minerals are expected to decrease by larger amounts. On the other hand, during market turmoil, Orex Minerals is expected to outperform it. Please check Orex Minerals' jensen alpha, semi variance, price action indicator, as well as the relationship between the maximum drawdown and daily balance of power , to make a quick decision on whether Orex Minerals' historical price patterns will revert.
Auto-correlation | -0.14 |
Insignificant reverse predictability
Orex Minerals has insignificant reverse predictability. Overlapping area represents the amount of predictability between Orex Minerals time series from 26th of January 2025 to 10th of February 2025 and 10th of February 2025 to 25th 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 Orex Minerals price movement. The serial correlation of -0.14 indicates that less than 14.0% of current Orex Minerals price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.14 | |
| Spearman Rank Test | 0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Orex Minerals lagged returns against current returns
Autocorrelation, which is Orex 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 Orex Minerals' stock expected returns. We can calculate the autocorrelation of Orex Minerals returns to help us make a trade decision. For example, suppose you find that Orex 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 |
Orex 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 Orex Minerals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Orex Minerals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Orex Minerals stock over time.
Current vs Lagged Prices |
| Timeline |
Orex Minerals Lagged Returns
When evaluating Orex Minerals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Orex Minerals stock have on its future price. Orex 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, Orex Minerals autocorrelation shows the relationship between Orex Minerals stock current value and its past values and can show if there is a momentum factor associated with investing in Orex Minerals.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Orex Stock Analysis
When running Orex Minerals' price analysis, check to measure Orex 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 Orex Minerals is operating at the current time. Most of Orex Minerals' value examination focuses on studying past and present price action to predict the probability of Orex Minerals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Orex Minerals' price. Additionally, you may evaluate how the addition of Orex Minerals to your portfolios can decrease your overall portfolio volatility.