Ormat Technologies (Germany) Price on September 22, 2023

HNM Stock  EUR 66.80  1.70  2.61%   
If you're considering investing in Ormat Stock, it is important to understand the factors that can impact its price. As of today, the current price of Ormat Technologies stands at 66.80, as last reported on the 5th of January, with the highest price reaching 67.74 and the lowest price hitting 66.80 during the day. Ormat Technologies maintains Sharpe Ratio (i.e., Efficiency) of -0.0139, which implies the firm had a -0.0139% return per unit of risk over the last 3 months. Ormat Technologies exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Ormat Technologies' Variance of 3.34, insignificant risk adjusted performance, and Coefficient Of Variation of (8,111) to confirm the risk estimate we provide.
  
Ormat Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.0139

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Estimated Market Risk

 1.9
  actual daily
16
84% of assets are more volatile

Expected Return

 -0.03
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.01
  actual daily
0
Most of other assets perform better
Based on monthly moving average Ormat Technologies is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Ormat Technologies by adding Ormat Technologies to a well-diversified portfolio.

Ormat Technologies Valuation on September 22, 2023

It is possible to determine the worth of Ormat Technologies on a given historical date. On September 22, 2023 Ormat was worth 68.17 at the beginning of the trading date compared to the closed value of 68.17. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Ormat Technologies stock. Still, in general, we apply an absolute valuation method to find Ormat Technologies' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Ormat Technologies where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Ormat Technologies' related companies.
 Open High Low Close Volume
  68.12    68.12    68.12    68.12    1.00  
09/22/2023
  68.17    68.17    68.17    68.17    1.00  
  67.48    67.48    67.48    67.48    1.00  
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Open Value
68.17
68.17
Closing Value
73.86
Upside

Ormat Technologies Trading Date Momentum on September 22, 2023

On September 25 2023 Ormat Technologies was traded for  67.48  at the closing time. The highest daily price throughout the period was 67.48  and the lowest price was  67.48 . There was no trading activity during the period 1.0. Lack of trading volume on 09/25/2023 added to the next day price reduction. The trading delta at closing time to closing price of the next trading day was 1.01% . The trading delta at closing time to current closing price is 4.06% .

Ormat Technologies Fundamentals Correlations and Trends

By evaluating Ormat Technologies' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Ormat Technologies' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Ormat financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Ormat Technologies Stock history

Ormat Technologies investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Ormat is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Ormat Technologies will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Ormat Technologies stock prices may prove useful in developing a viable investing in Ormat Technologies
Ormat Technologies, Inc. engages in the geothermal and recovered energy power business in the United States, Indonesia, Kenya, Turkey, Chile, Guadeloupe, Guatemala, Ethiopia, New Zealand, Honduras, and internationally. Ormat Technologies, Inc. was founded in 1965 and is based in Reno, Nevada. ORMAT TECHNOLOG operates under UtilitiesRenewable classification in Germany and is traded on Frankfurt Stock Exchange. It employs 1402 people.

Ormat Technologies Stock Technical Analysis

Ormat Technologies technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Ormat Technologies technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Ormat Technologies trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Ormat Technologies Period Price Range

Low
January 5, 2025
0.00  NaN%
High

 0.00 

     

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Ormat Technologies cannot be verified against its exchange. Please verify the symbol is currently traded on Frankfurt Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.

Ormat Technologies January 5, 2025 Market Strength

Market strength indicators help investors to evaluate how Ormat Technologies stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Ormat Technologies shares will generate the highest return on investment. By undertsting and applying Ormat Technologies stock market strength indicators, traders can identify Ormat Technologies entry and exit signals to maximize returns

Ormat Technologies Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Ormat Technologies' price direction in advance. Along with the technical and fundamental analysis of Ormat Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Ormat to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.

Complementary Tools for Ormat Stock analysis

When running Ormat Technologies' price analysis, check to measure Ormat Technologies' 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 Ormat Technologies is operating at the current time. Most of Ormat Technologies' value examination focuses on studying past and present price action to predict the probability of Ormat Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ormat Technologies' price. Additionally, you may evaluate how the addition of Ormat Technologies to your portfolios can decrease your overall portfolio volatility.
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