Ormat Technologies (Israel) Price on November 22, 2023

ORA Stock   29,500  220.00  0.74%   
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 29,500, as last reported on the 2nd of December, with the highest price reaching 29,940 and the lowest price hitting 29,400 during the day. Ormat Technologies appears to be very steady, given 3 months investment horizon. Ormat Technologies maintains Sharpe Ratio (i.e., Efficiency) of 0.16, which implies the firm had a 0.16% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Ormat Technologies, which you can use to evaluate the volatility of the company. Please evaluate Ormat Technologies' Risk Adjusted Performance of 0.0529, semi deviation of 1.43, and Coefficient Of Variation of 1585.41 to confirm if our risk estimates are consistent with your expectations.
  
Ormat Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = 0.161

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Estimated Market Risk

 1.3
  actual daily
11
89% of assets are more volatile

Expected Return

 0.21
  actual daily
4
96% of assets have higher returns

Risk-Adjusted Return

 0.16
  actual daily
12
88% of assets perform better
Based on monthly moving average Ormat Technologies is performing at about 12% of its full potential. 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 it to a well-diversified portfolio.

Ormat Technologies Valuation on November 22, 2023

It is possible to determine the worth of Ormat Technologies on a given historical date. On November 22, 2023 Ormat was worth 24365.86 at the beginning of the trading date compared to the closed value of 24954.8. 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
  24,324    24,543    23,935    24,224    42,082  
11/22/2023
  24,366    25,045    24,256    24,955    63,694  
  24,655    24,935    24,655    24,855    158,906  
Backtest Ormat Technologies  |  Ormat Technologies History  |  Ormat Technologies Valuation   PreviousNext  
Open Value
24365.86
24,362
Downside
24954.8
Closing Value
24,370
Upside

Ormat Technologies Trading Date Momentum on November 22, 2023

On November 23 2023 Ormat Technologies was traded for  24,855  at the closing time. The maximum traded price for the trading interval was 24,935  and the lowest daily price was  24,655 . The daily volume was recorded at 158.9 K. The volume of trading on 23rd of November 2023 played a part in the next trading day price drop. The trading delta at closing time to the next closing price was 0.40% . The trading delta at closing time to the closing price today is 3.44% .

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, Guatemala, New Zealand, and internationally. Ormat Technologies, Inc. was founded in 1965 and is based in Reno, Nevada. ORMAT TECHNOLOGIES operates under Utilities - Independent Power Producers classification in Israel and is traded on Tel Aviv Stock Exchange. It employs 1346 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
December 2, 2024
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High

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Ormat Technologies cannot be verified against its exchange. Please verify the symbol is currently traded on Tel Aviv Stock 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 December 2, 2024 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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