Odyssey Resources Limited Stock Today
| ODX-H Stock | CAD 0.03 0.01 25.00% |
Performance2 of 100
| Odds Of DistressOver 68
|
Odyssey Resources is selling for under 0.03 as of the 3rd of May 2024; that is -25 percent decrease since the beginning of the trading day. The stock's lowest day price was 0.03. Odyssey Resources has more than 68 % chance of experiencing financial distress in the next few years of operation. It also did not have a very good performance during the last 90 trading days. Equity ratings for Odyssey Resources Limited are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 3rd of April 2024 and ending today, the 3rd of May 2024. Click here to learn more.
Business Domain Materials | Category Basic Materials |
Odyssey Resources is entity of Canada. It is traded as Stock on V exchange. The company has 36.23 M outstanding shares of which 2.11 K shares are now shorted by private and institutional investors with about 0.47 days to cover all short positions. More on Odyssey Resources Limited
Moving against Odyssey Stock
| 0.61 | SGR-U | Slate Grocery REIT Earnings Call Today | PairCorr |
| 0.54 | TC | Tucows Inc | PairCorr |
Follow Valuation Profit Patterns Odds of Bankruptcy
Check how we calculate scores
Odyssey Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Odyssey Resources' investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Odyssey Resources or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| President Board | James BSc |
| Business Concentration | Diversified Metals & Mining, Other Industrial Metals & Mining, Basic Materials, Materials, Metals & Mining, Other Industrial Metals & Mining, Basic Materials (View all Sectors) |
Odyssey Resources Limited (ODX-H) is traded on TSX Venture Exchange in Canada and employs 3 people. Odyssey Resources is listed under Diversified Metals & Mining category by Fama And French industry classification. The company currently falls under 'Nano-Cap' category with a current market capitalization of 1.09 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Odyssey Resources's market, we take the total number of its shares issued and multiply it by Odyssey Resources's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Odyssey Resources operates under Metals & Mining sector and is part of Materials industry. The entity has 36.23 M outstanding shares of which 2.11 K shares are now shorted by private and institutional investors with about 0.47 days to cover all short positions.
Odyssey Resources generates negative cash flow from operations
Check Odyssey Resources Probability Of Bankruptcy
Ownership AllocationOdyssey Resources owns a total of 36.23 Million outstanding shares. Odyssey Resources has significant amount of outstanding shares owned by insiders. An insider is usually defined as a CEO, other corporate executive, director, or institutional investor who own at least 10% of the company's outstanding shares. Since such a large part of the company is owned by insiders, it is advisable to analyze if each of these insiders have been buying or selling the stock in recent months. Please note that no matter how many assets the company maintains, if the real value of the company is less than the current market value, you may not be able to make money on it.
Check Odyssey Ownership Details
Odyssey Stock Price Odds Analysis
Depending on a normal probability distribution, the odds of Odyssey Resources jumping above the current price in 90 days from now is about 78.58%. The Odyssey Resources Limited probability density function shows the probability of Odyssey Resources stock to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon Odyssey Resources Limited has a beta of -0.7825. This indicates as returns on the benchmark increase, returns on holding Odyssey Resources are expected to decrease at a much lower rate. During a bear market, however, Odyssey Resources Limited is likely to outperform the market. Additionally, odyssey Resources Limited has an alpha of 0.2779, implying that it can generate a 0.28 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Odyssey Resources to move above the current price in 90 days from now is about 78.58 (This Odyssey Resources Limited probability density function shows the probability of Odyssey Stock to fall within a particular range of prices over 90 days) .
Odyssey Resources Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Odyssey Resources market risk premium is the additional return an investor will receive from holding Odyssey Resources long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Odyssey Resources. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Odyssey Resources' alpha and beta are two of the key measurements used to evaluate Odyssey Resources' performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 2.0 | |||
| Standard Deviation | 7.3 | |||
| Variance | 53.35 | |||
| Risk Adjusted Performance | 0.0314 |
Odyssey Stock Against Markets
Picking the right benchmark for Odyssey Resources stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Odyssey Resources stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Odyssey Resources is critical whether you are bullish or bearish towards Odyssey Resources Limited at a given time. Please also check how Odyssey Resources' historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Odyssey Resources without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
Run Performance Analysis Now
Performance AnalysisCheck effects of mean-variance optimization against your current asset allocation |
| All Next | Launch Module |
How to buy Odyssey Stock?
Before investing in Odyssey Resources, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Odyssey Resources. To buy Odyssey Resources stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Odyssey Resources. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Odyssey Resources stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Odyssey Resources Limited stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Odyssey Resources Limited stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Odyssey Resources Limited, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in Odyssey Resources Limited?
The danger of trading Odyssey Resources Limited is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Odyssey Resources is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Odyssey Resources. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Odyssey Resources is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Odyssey Resources Limited. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in rate. Note that the Odyssey Resources information on this page should be used as a complementary analysis to other Odyssey Resources' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.
Complementary Tools for Odyssey Stock analysis
When running Odyssey Resources' price analysis, check to measure Odyssey 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 Odyssey Resources is operating at the current time. Most of Odyssey Resources' value examination focuses on studying past and present price action to predict the probability of Odyssey Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Odyssey Resources' price. Additionally, you may evaluate how the addition of Odyssey Resources to your portfolios can decrease your overall portfolio volatility.
| Portfolio Suggestion Get suggestions outside of your existing asset allocation including your own model portfolios | |
| Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk | |
| Balance Of Power Check stock momentum by analyzing Balance Of Power indicator and other technical ratios | |
| Equity Analysis Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities | |
| Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments | |
| Companies Directory Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals | |
| Investing Opportunities Build portfolios using our predefined set of ideas and optimize them against your investing preferences | |
| Portfolio File Import Quickly import all of your third-party portfolios from your local drive in csv format |