Orezone Gold Corp Stock Market Value
| ORZCF Stock | USD 0.46 0.01 2.13% |
| Symbol | Orezone |
Orezone 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 Orezone Gold's otc 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 Orezone Gold.
| 10/16/2024 |
| 11/15/2024 |
If you would invest 0.00 in Orezone Gold on October 16, 2024 and sell it all today you would earn a total of 0.00 from holding Orezone Gold Corp or generate 0.0% return on investment in Orezone Gold over 30 days. Orezone Gold is related to or competes with Geodrill. Orezone Gold Corporation engages in the exploration and development of gold properties More
Orezone 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 Orezone Gold's otc 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 Orezone Gold Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 22.11 | |||
| Value At Risk | (5.66) | |||
| Potential Upside | 5.36 |
Orezone Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Orezone Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Orezone Gold's standard deviation. In reality, there are many statistical measures that can use Orezone Gold historical prices to predict the future Orezone Gold's volatility.| Risk Adjusted Performance | 0.0035 | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.67) | |||
| Treynor Ratio | (0.11) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Orezone Gold'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.
Orezone Gold Corp Backtested Returns
Orezone Gold Corp maintains Sharpe Ratio (i.e., Efficiency) of -0.0497, which implies the firm had a -0.0497% return per unit of risk over the last 3 months. Orezone Gold Corp exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Orezone Gold's Risk Adjusted Performance of 0.0035, coefficient of variation of (17,174), and Variance of 14.44 to confirm the risk estimate we provide. The company holds a Beta of 0.3, which implies not very significant fluctuations relative to the market. As returns on the market increase, Orezone Gold's returns are expected to increase less than the market. However, during the bear market, the loss of holding Orezone Gold is expected to be smaller as well. At this point, Orezone Gold Corp has a negative expected return of -0.18%. Please make sure to check Orezone Gold's total risk alpha and the relationship between the skewness and period momentum indicator , to decide if Orezone Gold Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.10 |
Insignificant predictability
Orezone Gold Corp has insignificant predictability. Overlapping area represents the amount of predictability between Orezone Gold time series from 16th of October 2024 to 31st of October 2024 and 31st of October 2024 to 15th of November 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 Orezone Gold Corp price movement. The serial correlation of 0.1 indicates that less than 10.0% of current Orezone Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.1 | |
| Spearman Rank Test | 0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Orezone Gold Corp lagged returns against current returns
Autocorrelation, which is Orezone Gold otc 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 Orezone Gold's otc stock expected returns. We can calculate the autocorrelation of Orezone Gold returns to help us make a trade decision. For example, suppose you find that Orezone Gold has exhibited high autocorrelation historically, and you observe that the otc 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 |
Orezone 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 Orezone Gold otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Orezone Gold otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Orezone Gold otc stock over time.
Current vs Lagged Prices |
| Timeline |
Orezone Gold Lagged Returns
When evaluating Orezone Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Orezone Gold otc stock have on its future price. Orezone 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, Orezone Gold autocorrelation shows the relationship between Orezone Gold otc stock current value and its past values and can show if there is a momentum factor associated with investing in Orezone Gold Corp.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Orezone OTC Stock
Orezone Gold financial ratios help investors to determine whether Orezone OTC Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Orezone with respect to the benefits of owning Orezone Gold security.