Ora Banda (Australia) Market Value
| OBM Stock | 0.65 0.03 4.41% |
| Symbol | Ora |
Ora Banda '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 Ora Banda's 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 Ora Banda.
| 07/23/2024 |
| 12/20/2024 |
If you would invest 0.00 in Ora Banda on July 23, 2024 and sell it all today you would earn a total of 0.00 from holding Ora Banda Mining or generate 0.0% return on investment in Ora Banda over 150 days. Ora Banda is related to or competes with Embark Education, Autosports, Falcon Metals, COAST ENTERTAINMENT, and Infomedia. Ora Banda is entity of Australia. It is traded as Stock on AU exchange. More
Ora Banda 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 Ora Banda's 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 Ora Banda Mining upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.44 | |||
| Information Ratio | 0.019 | |||
| Maximum Drawdown | 22.07 | |||
| Value At Risk | (6.85) | |||
| Potential Upside | 6.76 |
Ora Banda Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ora Banda's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ora Banda's standard deviation. In reality, there are many statistical measures that can use Ora Banda historical prices to predict the future Ora Banda's volatility.| Risk Adjusted Performance | 0.0293 | |||
| Jensen Alpha | 0.1273 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | 0.0188 | |||
| Treynor Ratio | (0.12) |
Ora Banda Mining Backtested Returns
Ora Banda Mining maintains Sharpe Ratio (i.e., Efficiency) of -9.0E-4, which implies the firm had a -9.0E-4% return per unit of risk over the last 3 months. Ora Banda Mining exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Ora Banda's Coefficient Of Variation of 3753.16, semi deviation of 3.61, and Risk Adjusted Performance of 0.0293 to confirm the risk estimate we provide. The company holds a Beta of -0.87, which implies possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning Ora Banda are expected to decrease slowly. On the other hand, during market turmoil, Ora Banda is expected to outperform it slightly. At this point, Ora Banda Mining has a negative expected return of -0.0038%. Please make sure to check Ora Banda's mean deviation, downside deviation, information ratio, as well as the relationship between the semi deviation and coefficient of variation , to decide if Ora Banda Mining performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.38 |
Poor reverse predictability
Ora Banda Mining has poor reverse predictability. Overlapping area represents the amount of predictability between Ora Banda time series from 23rd of July 2024 to 6th of October 2024 and 6th of October 2024 to 20th of December 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 Ora Banda Mining price movement. The serial correlation of -0.38 indicates that just about 38.0% of current Ora Banda price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.38 | |
| Spearman Rank Test | -0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Ora Banda Mining lagged returns against current returns
Autocorrelation, which is Ora Banda 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 Ora Banda's stock expected returns. We can calculate the autocorrelation of Ora Banda returns to help us make a trade decision. For example, suppose you find that Ora Banda 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 |
Ora Banda 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 Ora Banda stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ora Banda stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ora Banda stock over time.
Current vs Lagged Prices |
| Timeline |
Ora Banda Lagged Returns
When evaluating Ora Banda's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ora Banda stock have on its future price. Ora Banda 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, Ora Banda autocorrelation shows the relationship between Ora Banda stock current value and its past values and can show if there is a momentum factor associated with investing in Ora Banda Mining.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Ora Stock Analysis
When running Ora Banda's price analysis, check to measure Ora Banda's 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 Ora Banda is operating at the current time. Most of Ora Banda's value examination focuses on studying past and present price action to predict the probability of Ora Banda's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ora Banda's price. Additionally, you may evaluate how the addition of Ora Banda to your portfolios can decrease your overall portfolio volatility.