Orvana Minerals Corp Stock Market Value
| ORV Stock | CAD 0.19 0.01 5.00% |
| Symbol | Orvana |
Orvana Minerals Corp Price To Book Ratio
Orvana 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 Orvana 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 Orvana Minerals.
| 03/24/2024 |
| 04/23/2024 |
If you would invest 0.00 in Orvana Minerals on March 24, 2024 and sell it all today you would earn a total of 0.00 from holding Orvana Minerals Corp or generate 0.0% return on investment in Orvana Minerals over 30 days. Orvana Minerals Corp., through its subsidiaries, engages in the exploration, evaluation, development, and mining of mine... More
Orvana 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 Orvana 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 Orvana Minerals Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 7.39 | |||
| Information Ratio | 0.1109 | |||
| Maximum Drawdown | 27.74 | |||
| Value At Risk | (7.69) | |||
| Potential Upside | 8.33 |
Orvana Minerals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Orvana Minerals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Orvana Minerals' standard deviation. In reality, there are many statistical measures that can use Orvana Minerals historical prices to predict the future Orvana Minerals' volatility.| Risk Adjusted Performance | 0.0875 | |||
| Jensen Alpha | 0.7511 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.0791 | |||
| Treynor Ratio | (0.60) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Orvana Minerals' 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.
Orvana Minerals Corp Backtested Returns
Orvana Minerals appears to be out of control, given 3 months investment horizon. Orvana Minerals Corp maintains Sharpe Ratio (i.e., Efficiency) of 0.12, which implies the firm had a 0.12% return per unit of risk over the last 3 months. By analyzing Orvana Minerals' technical indicators, you can evaluate if the expected return of 0.62% is justified by implied risk. Please evaluate Orvana Minerals' Semi Deviation of 3.17, coefficient of variation of 782.35, and Risk Adjusted Performance of 0.0875 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Orvana Minerals holds a performance score of 9. The company holds a Beta of -1.1, which implies a somewhat significant risk relative to the market. As the market becomes more bullish, returns on owning Orvana Minerals are expected to decrease slowly. On the other hand, during market turmoil, Orvana Minerals is expected to outperform it slightly. Please check Orvana Minerals' potential upside and the relationship between the skewness and period momentum indicator , to make a quick decision on whether Orvana Minerals' historical price patterns will revert.
Auto-correlation | -0.04 |
Very weak reverse predictability
Orvana Minerals Corp has very weak reverse predictability. Overlapping area represents the amount of predictability between Orvana Minerals time series from 24th of March 2024 to 8th of April 2024 and 8th of April 2024 to 23rd of April 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 Orvana Minerals Corp price movement. The serial correlation of -0.04 indicates that only as little as 4.0% of current Orvana Minerals price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.04 | |
| Spearman Rank Test | 0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Orvana Minerals Corp lagged returns against current returns
Autocorrelation, which is Orvana 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 Orvana Minerals' stock expected returns. We can calculate the autocorrelation of Orvana Minerals returns to help us make a trade decision. For example, suppose you find that Orvana 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 |
Orvana 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 Orvana Minerals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Orvana Minerals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Orvana Minerals stock over time.
Current vs Lagged Prices |
| Timeline |
Orvana Minerals Lagged Returns
When evaluating Orvana Minerals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Orvana Minerals stock have on its future price. Orvana 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, Orvana Minerals autocorrelation shows the relationship between Orvana Minerals stock current value and its past values and can show if there is a momentum factor associated with investing in Orvana Minerals Corp.
Regressed Prices |
| Timeline |
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Complementary Tools for Orvana Stock analysis
When running Orvana Minerals' price analysis, check to measure Orvana 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 Orvana Minerals is operating at the current time. Most of Orvana Minerals' value examination focuses on studying past and present price action to predict the probability of Orvana Minerals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Orvana Minerals' price. Additionally, you may evaluate how the addition of Orvana Minerals to your portfolios can decrease your overall portfolio volatility.
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Orvana Minerals technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.