Ormat Technologies (Israel) Probability of Future Stock Price Finishing Under 29,899
| ORA Stock | 29,640 260.00 0.87% |
Ormat |
Ormat Technologies Target Price Odds to finish below 29,899
The tendency of Ormat Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to move below current price in 90 days |
| 29,640 | 90 days | 29,640 | about 82.91 |
Based on a normal probability distribution, the odds of Ormat Technologies to move below current price in 90 days from now is about 82.91 (This Ormat Technologies probability density function shows the probability of Ormat Stock to fall within a particular range of prices over 90 days) .
Assuming the 90 days trading horizon Ormat Technologies has a beta of 0.24. This indicates as returns on the market go up, Ormat Technologies average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Ormat Technologies will be expected to be much smaller as well. Additionally Ormat Technologies has an alpha of 0.1345, implying that it can generate a 0.13 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Ormat Technologies Price Density |
| Price |
Predictive Modules for Ormat Technologies
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Ormat Technologies. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Ormat Technologies Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Ormat Technologies is not an exception. The market had few large corrections towards the Ormat Technologies' value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Ormat Technologies, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Ormat Technologies within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.13 | |
β | Beta against Dow Jones | 0.24 | |
σ | Overall volatility | 1,202 | |
Ir | Information ratio | 0.03 |
Ormat Technologies Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Ormat Technologies for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Ormat Technologies can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Ormat Technologies has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| Over 89.0% of the company shares are owned by institutional investors |
Ormat Technologies Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Ormat Stock often depends not only on the future outlook of the current and potential Ormat Technologies' investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Ormat Technologies' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 56.1 M |
Ormat Technologies Technical Analysis
Ormat Technologies' future price can be derived by breaking down and analyzing its technical indicators over time. Ormat Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Ormat Technologies. In general, you should focus on analyzing Ormat Stock price patterns and their correlations with different microeconomic environments and drivers.
Ormat Technologies Predictive Forecast Models
Ormat Technologies' time-series forecasting models is one of many Ormat Technologies' stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Ormat Technologies' historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Ormat Technologies
Checking the ongoing alerts about Ormat Technologies for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Ormat Technologies help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Ormat Technologies has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| Over 89.0% of the company shares are owned by institutional investors |
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 Backtesting, Ormat Technologies Valuation, Ormat Technologies Correlation, Ormat Technologies Hype Analysis, Ormat Technologies Volatility, Ormat Technologies History as well as Ormat Technologies Performance. For information on how to trade Ormat Stock refer to our How to Trade Ormat Stock guide.You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.