Opus One Resources Stock Market Value
| OOR Stock | CAD 0.04 0.01 10.00% |
| Symbol | Opus |
Opus One '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 Opus One'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 Opus One.
| 11/22/2024 |
| 12/22/2024 |
If you would invest 0.00 in Opus One on November 22, 2024 and sell it all today you would earn a total of 0.00 from holding Opus One Resources or generate 0.0% return on investment in Opus One over 30 days. Opus One is related to or competes with Q Gold, and Goldbank Mining. Opus One Resources Inc., an exploration stage company, engages in the acquisition and exploration of mineral properties ... More
Opus One 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 Opus One'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 Opus One Resources upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 20.33 | |||
| Information Ratio | 0.064 | |||
| Maximum Drawdown | 86.67 | |||
| Value At Risk | (20.00) | |||
| Potential Upside | 25.0 |
Opus One Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Opus One's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Opus One's standard deviation. In reality, there are many statistical measures that can use Opus One historical prices to predict the future Opus One's volatility.| Risk Adjusted Performance | 0.0621 | |||
| Jensen Alpha | 0.8553 | |||
| Total Risk Alpha | 0.4585 | |||
| Sortino Ratio | 0.0382 | |||
| Treynor Ratio | (0.31) |
Opus One Resources Backtested Returns
Opus One appears to be out of control, given 3 months investment horizon. Opus One Resources maintains Sharpe Ratio (i.e., Efficiency) of 0.0644, which implies the firm had a 0.0644% return per unit of risk over the last 3 months. By analyzing Opus One's technical indicators, you can evaluate if the expected return of 0.74% is justified by implied risk. Please evaluate Opus One's Risk Adjusted Performance of 0.0621, coefficient of variation of 1500.54, and Semi Deviation of 6.42 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Opus One holds a performance score of 5. The company holds a Beta of -2.58, which implies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Opus One are expected to decrease by larger amounts. On the other hand, during market turmoil, Opus One is expected to outperform it. Please check Opus One's potential upside and the relationship between the skewness and relative strength index , to make a quick decision on whether Opus One's historical price patterns will revert.
Auto-correlation | 0.00 |
No correlation between past and present
Opus One Resources has no correlation between past and present. Overlapping area represents the amount of predictability between Opus One time series from 22nd of November 2024 to 7th of December 2024 and 7th of December 2024 to 22nd 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 Opus One Resources price movement. The serial correlation of 0.0 indicates that just 0.0% of current Opus One price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Opus One Resources lagged returns against current returns
Autocorrelation, which is Opus One 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 Opus One's stock expected returns. We can calculate the autocorrelation of Opus One returns to help us make a trade decision. For example, suppose you find that Opus One 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 |
Opus One 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 Opus One stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Opus One stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Opus One stock over time.
Current vs Lagged Prices |
| Timeline |
Opus One Lagged Returns
When evaluating Opus One's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Opus One stock have on its future price. Opus One 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, Opus One autocorrelation shows the relationship between Opus One stock current value and its past values and can show if there is a momentum factor associated with investing in Opus One Resources.
Regressed Prices |
| Timeline |
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Additional Tools for Opus Stock Analysis
When running Opus One's price analysis, check to measure Opus One'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 Opus One is operating at the current time. Most of Opus One's value examination focuses on studying past and present price action to predict the probability of Opus One's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Opus One's price. Additionally, you may evaluate how the addition of Opus One to your portfolios can decrease your overall portfolio volatility.