Orrn Energy (Sweden) Price on November 5, 2024
| ORRON Stock | 6.80 0.04 0.59% |
If you're considering investing in Orrn Stock, it is important to understand the factors that can impact its price. As of today, the current price of Orrn Energy stands at 6.80, as last reported on the 2nd of December, with the highest price reaching 6.89 and the lowest price hitting 6.74 during the day. Orrn Energy AB maintains Sharpe Ratio (i.e., Efficiency) of -0.13, which implies the firm had a -0.13% return per unit of risk over the last 3 months. Orrn Energy AB exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Orrn Energy's Risk Adjusted Performance of (0.14), coefficient of variation of (536.66), and Variance of 5.26 to confirm the risk estimate we provide.
Orrn Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Orrn |
Sharpe Ratio = -0.1332
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Estimated Market Risk
| 2.15 actual daily | 19 81% of assets are more volatile |
Expected Return
| -0.29 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.13 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Orrn Energy 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 Orrn Energy by adding Orrn Energy to a well-diversified portfolio.
Orrn Energy Valuation on November 5, 2024
It is possible to determine the worth of Orrn Energy on a given historical date. On November 5, 2024 Orrn was worth 7.3 at the beginning of the trading date compared to the closed value of 7.06. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Orrn Energy stock. Still, in general, we apply an absolute valuation method to find Orrn Energy's 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 Orrn Energy where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Orrn Energy's related companies.
| Open | High | Low | Close | Volume | |
| 7.20 | 7.45 | 7.20 | 7.30 | 940,988 | |
11/05/2024 | 7.30 | 7.30 | 6.98 | 7.06 | 838,912 |
| 6.74 | 7.36 | 6.44 | 7.02 | 1,984,692 |
| Backtest Orrn Energy | | | Orrn Energy History | | | Orrn Energy Valuation | Previous | Next |
Orrn Energy Trading Date Momentum on November 5, 2024
| On November 06 2024 Orrn Energy AB was traded for 7.02 at the closing time. The highest price during the trading period was 7.36 and the lowest recorded bid was listed for 6.44 . The volume for the day was 2 M. This history from November 6, 2024 contributed to the next trading day price decline. The trading delta at closing time to the next closing price was 0.57% . The trading delta at closing time to the current price is 6.23% . |
Orrn Energy AB Fundamentals Correlations and Trends
By evaluating Orrn Energy's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Orrn Energy's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Orrn financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Orrn Energy Stock history
Orrn Energy 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 Orrn is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Orrn Energy AB 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 Orrn Energy stock prices may prove useful in developing a viable investing in Orrn Energy
Orrn Energy Stock Technical Analysis
Orrn Energy 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.
Price Boundaries
Orrn Energy Period Price Range
Low | December 2, 2024
| High |
0.00 | 0.00 |
Orrn Energy AB cannot be verified against its exchange. Please verify the symbol is currently traded on Stockholm 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.
Orrn Energy December 2, 2024 Market Strength
Market strength indicators help investors to evaluate how Orrn Energy stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Orrn Energy shares will generate the highest return on investment. By undertsting and applying Orrn Energy stock market strength indicators, traders can identify Orrn Energy AB entry and exit signals to maximize returns
Orrn Energy Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Orrn Energy's price direction in advance. Along with the technical and fundamental analysis of Orrn Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Orrn 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.
| Risk Adjusted Performance | (0.14) | |||
| Jensen Alpha | (0.33) | |||
| Total Risk Alpha | (0.82) | |||
| Treynor Ratio | 0.4984 |
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Additional Tools for Orrn Stock Analysis
When running Orrn Energy's price analysis, check to measure Orrn Energy's 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 Orrn Energy is operating at the current time. Most of Orrn Energy's value examination focuses on studying past and present price action to predict the probability of Orrn Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Orrn Energy's price. Additionally, you may evaluate how the addition of Orrn Energy to your portfolios can decrease your overall portfolio volatility.