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 TrendCheck current 30 days Orestone Mining correlation with market (DOW)|
β = 1.2575
Projected Return Density Against MarketAssuming 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
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