Orestone Mining Risk Analysis

Orestone Mining Corp -- Canada Stock  

CAD 0.08  0.01  11.11%

Macroaxis considers Orestone Mining to be abnormally risky. Orestone Mining Corp maintains Sharpe Ratio (i.e. Efficiency) of -0.1606 which implies Orestone Mining Corp had -0.1606% 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 (622.61) and Risk Adjusted Performance of (0.0322) to confirm risk estimate we provide.
Investment Horizon     30 Days    Login   to change

Orestone Mining Market Sensitivity

As market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, Orestone Mining will likely underperform.
One Month Beta |Analyze Orestone Mining Corp Demand Trend
Check current 30 days Orestone Mining correlation with market (DOW)
β = 1.2575
Orestone Mining Large BetaOrestone Mining Corp Beta Legend

Projected Return Density Against Market

Assuming 30 trading days horizon, the stock has beta coefficient of 1.2575 . This implies as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are expected to be negative, Orestone Mining will likely underperform. 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 -622.61. The daily returns are destributed with a variance of 29.19 and standard deviation of 5.4. The mean deviation of Orestone Mining Corp is currently at 3.34. For similar time horizon, the selected benchmark (DOW) has volatility of 0.26
α
Alpha over DOW
=(1.05) 
βBeta against DOW= 1.26 
σ
Overall volatility
= 5.4 
 IrInformation ratio =(0.19) 

Actual Return Volatility

Orestone Mining Corp shows 5.4028% volatility of returns over 30 trading days. DOW inherits 0.2355% 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

Totally responsive to market

Largest Trends

Orestone Mining Largest Period Trend

Investment Outlook

Orestone Mining Investment Opportunity
Orestone Mining Corp has a volatility of 5.4 and is 22.5 times more volatile than DOW. 50% 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 higher than 50 (%) of all global equities and portfolios over the last 30 days. Use Orestone Mining Corp to protect against small markets fluctuations. The stock experiences very speculative upward sentiment.. Check odds of Orestone Mining to be traded at C$0.076 in 30 days. As market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, Orestone Mining will likely underperform.

Orestone Mining correlation with market

Significant 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.

Volatility Indicators

Orestone Mining Current Risk Indicators