Ormat Competitors
| HNM Stock | EUR 75.06 1.34 1.82% |
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Ormat Technologies Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Ormat Technologies and its competitors represents the degree of relationship between the price movements of corresponding stocks. A correlation of about +1.0 implies that the price of Ormat and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Ormat Technologies does not affect the price movement of the other competitor.
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High positive correlations
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Risk-Adjusted Indicators
There is a big difference between Ormat Stock performing well and Ormat Technologies Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Ormat Technologies' multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| OEW | 1.17 | (0.08) | 0.00 | (1.45) | 0.00 | 2.05 | 8.44 | |||
| TKT | 2.11 | (0.15) | 0.00 | 0.71 | 0.00 | 4.65 | 18.72 | |||
| BJ6 | 2.32 | 0.25 | 0.02 | (0.74) | 2.80 | 5.26 | 22.98 | |||
| ETG | 1.66 | 0.01 | 0.00 | 0.08 | 0.00 | 4.00 | 11.11 | |||
| 6HO | 1.94 | (0.19) | 0.00 | (1.39) | 0.00 | 4.35 | 17.19 |
Ormat Technologies Competitive Analysis
The better you understand Ormat Technologies competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Ormat Technologies' competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Ormat Technologies' competition over several years is one of the best ways to analyze its investment potential.| Better Than Average | Worse Than Peers | View Performance Chart |
Ormat Technologies Competition Performance Charts
Five steps to successful analysis of Ormat Technologies Competition
Ormat Technologies' competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Ormat Technologies in relation to its competition. Ormat Technologies' competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of Ormat Technologies in the market, both direct and indirect, as well as new entrants and disruptive technologies.
- Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
- Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Ormat Technologies' competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Ormat Technologies, and developing a strategy to address them.
- Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
Complement your Ormat Technologies position
In addition to having Ormat Technologies in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Additional Information and Resources on Investing in Ormat Stock
When determining whether Ormat Technologies offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Ormat Technologies' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Ormat Technologies Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Ormat Technologies Stock:Check out Ormat Technologies Correlation with its peers.For more detail on how to invest in Ormat Stock please use our How to Invest in Ormat Technologies guide.You can also try the My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.