Ozaurum Resources (Australia) Market Value
| OZM Stock | 0.03 0 9.68% |
| Symbol | Ozaurum |
Ozaurum Resources '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 Ozaurum Resources' 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 Ozaurum Resources.
| 12/19/2023 |
| 12/13/2024 |
If you would invest 0.00 in Ozaurum Resources on December 19, 2023 and sell it all today you would earn a total of 0.00 from holding Ozaurum Resources or generate 0.0% return on investment in Ozaurum Resources over 360 days. Ozaurum Resources is related to or competes with Premier Investments, BKI Investment, Mirrabooka Investments, Alternative Investment, Pinnacle Investment, and Auctus Alternative. Ozaurum Resources is entity of Australia More
Ozaurum Resources 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 Ozaurum Resources' 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 Ozaurum Resources upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 53.81 | |||
| Value At Risk | (8.33) | |||
| Potential Upside | 10.34 |
Ozaurum Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ozaurum Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ozaurum Resources' standard deviation. In reality, there are many statistical measures that can use Ozaurum Resources historical prices to predict the future Ozaurum Resources' volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.27) | |||
| Total Risk Alpha | (1.12) | |||
| Treynor Ratio | (0.25) |
Ozaurum Resources Backtested Returns
Ozaurum Resources maintains Sharpe Ratio (i.e., Efficiency) of -0.15, which implies the firm had a -0.15% return per unit of risk over the last 3 months. Ozaurum Resources exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Ozaurum Resources' Risk Adjusted Performance of (0.01), variance of 43.42, and Coefficient Of Variation of (3,574) to confirm the risk estimate we provide. The company holds a Beta of 0.78, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Ozaurum Resources' returns are expected to increase less than the market. However, during the bear market, the loss of holding Ozaurum Resources is expected to be smaller as well. At this point, Ozaurum Resources has a negative expected return of -0.73%. Please make sure to check Ozaurum Resources' standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Ozaurum Resources performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.66 |
Good predictability
Ozaurum Resources has good predictability. Overlapping area represents the amount of predictability between Ozaurum Resources time series from 19th of December 2023 to 16th of June 2024 and 16th of June 2024 to 13th 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 Ozaurum Resources price movement. The serial correlation of 0.66 indicates that around 66.0% of current Ozaurum Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.66 | |
| Spearman Rank Test | 0.73 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Ozaurum Resources lagged returns against current returns
Autocorrelation, which is Ozaurum Resources 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 Ozaurum Resources' stock expected returns. We can calculate the autocorrelation of Ozaurum Resources returns to help us make a trade decision. For example, suppose you find that Ozaurum Resources 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 |
Ozaurum Resources 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 Ozaurum Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ozaurum Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ozaurum Resources stock over time.
Current vs Lagged Prices |
| Timeline |
Ozaurum Resources Lagged Returns
When evaluating Ozaurum Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ozaurum Resources stock have on its future price. Ozaurum Resources 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, Ozaurum Resources autocorrelation shows the relationship between Ozaurum Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Ozaurum Resources.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Ozaurum Stock Analysis
When running Ozaurum Resources' price analysis, check to measure Ozaurum Resources' 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 Ozaurum Resources is operating at the current time. Most of Ozaurum Resources' value examination focuses on studying past and present price action to predict the probability of Ozaurum Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ozaurum Resources' price. Additionally, you may evaluate how the addition of Ozaurum Resources to your portfolios can decrease your overall portfolio volatility.