Orestone Mining Risk Analysis And Volatility Evaluation

ORS -- Canada Stock  

CAD 0.09  0.00  0.00%

Macroaxis considers Orestone Mining to be abnormally risky. Orestone Mining Corp maintains Sharpe Ratio (i.e. Efficiency) of -0.2132 which implies Orestone Mining Corp had -0.2132% of return per unit of risk over the last 1 month. Macroaxis philosophy towards forecasting risk of any stock is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators. Orestone Mining Corp exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to check Orestone Mining Corp Coefficient Of Variation of 469.04 and Risk Adjusted Performance of 0.09 to confirm risk estimate we provide.
 Time Horizon     30 Days    Login   to change

Orestone Mining Market Sensitivity

Orestone Mining returns are very sensitive to returns on the market. As market goes up or down, Orestone Mining is expected to follow.
One Month Beta |Analyze Orestone Mining Corp Demand Trend
Check current 30 days Orestone Mining correlation with market (DOW)
β = 1.0686
Orestone Mining llmost one BetaOrestone Mining Corp Beta Legend

Orestone Mining Corp Technical Analysis

Transformation
The output start index for this execution was zero with a total number of output elements of seventeen. Orestone Mining Corp Average Price is the average of the sum of open, high, low and close daily prices of a bar. It can be used to smooth an indicator that normally takes just the closing price as input. View also all equity analysis or get more info about average price price transform indicator.

Projected Return Density Against Market

Assuming 30 trading days horizon, the stock has beta coefficient of 1.0686 . This implies Orestone Mining Corp market returns are very sensitive to returns on the market. As the market benchmark goes up or down, Orestone Mining is expected to follow. Additionally, Orestone Mining Corp has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
 Predicted Return Density 
      Returns 
Assuming 30 trading days horizon, the coefficient of variation of Orestone Mining is -469.04. The daily returns are destributed with a variance of 4.55 and standard deviation of 2.13. The mean deviation of Orestone Mining Corp is currently at 0.87. For similar time horizon, the selected benchmark (DOW) has volatility of 0.48
α
Alpha over DOW
=0.57
β
Beta against DOW=1.07
σ
Overall volatility
=2.13
Ir
Information ratio =0.26

Actual Return Volatility

Orestone Mining Corp shows 2.132% volatility of returns over 30 trading days. DOW inherits 0.5701% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

Market Risk Breakdown

Orestone Mining Volatility Factors

30 Days Market Risk

Abnormally risky

Chance of Distress in 24 months

High

30 Days Economic Sensitivity

Almost mirrors market

Investment Outlook

Orestone Mining Investment Opportunity
Orestone Mining Corp has a volatility of 2.13 and is 3.74 times more volatile than DOW. 19% of all equities and portfolios are less risky than Orestone Mining. Compared to the overall equity markets, volatility of historical daily returns of Orestone Mining Corp is lower than 19 (%) of all global equities and portfolios over the last 30 days. Use Orestone Mining Corp to protect against small markets fluctuations. The stock experiences normal downward trend, but the immediate impact on correlations cannot be determined at the moment . Check odds of Orestone Mining to be traded at C$0.0891 in 30 days. Orestone Mining returns are very sensitive to returns on the market. As market goes up or down, Orestone Mining is expected to follow.

Orestone Mining correlation with market

Modest diversification
Overlapping area represents the amount of risk that can be diversified away by holding Orestone Mining Corp and equity matching DJI index in the same portfolio.
Additionally take a look at Your Equity Center. Please also try Balance Of Power module to check stock momentum by analyzing balance of power indicator and other technical ratios.
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