Orsted AS (Germany) Market Value
| D2G Stock | EUR 44.91 0.35 0.79% |
| Symbol | Orsted |
Orsted AS 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Orsted AS's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Orsted AS.
| 01/04/2023 |
| 12/24/2024 |
If you would invest 0.00 in Orsted AS on January 4, 2023 and sell it all today you would earn a total of 0.00 from holding Orsted AS or generate 0.0% return on investment in Orsted AS over 720 days. Orsted AS is related to or competes with EDP Renovveis, CGN Power, Huaneng Power, Power Assets, China Resources, and NRG Energy. rsted AS, together with its subsidiaries, develops, constructs, and operates offshore wind farms, bioenergy plants, and ... More
Orsted AS Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Orsted AS's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Orsted AS upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 16.81 | |||
| Value At Risk | (3.17) | |||
| Potential Upside | 3.15 |
Orsted AS Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Orsted AS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Orsted AS's standard deviation. In reality, there are many statistical measures that can use Orsted AS historical prices to predict the future Orsted AS's volatility.| Risk Adjusted Performance | (0.12) | |||
| Jensen Alpha | (0.39) | |||
| Total Risk Alpha | (0.46) | |||
| Treynor Ratio | 1.41 |
Orsted AS Backtested Returns
Orsted AS 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. Orsted AS exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Orsted AS's Risk Adjusted Performance of (0.12), variance of 5.76, and Coefficient Of Variation of (626.82) to confirm the risk estimate we provide. The company holds a Beta of -0.28, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Orsted AS are expected to decrease at a much lower rate. During the bear market, Orsted AS is likely to outperform the market. At this point, Orsted AS has a negative expected return of -0.4%. Please make sure to check Orsted AS's maximum drawdown, potential upside, kurtosis, as well as the relationship between the value at risk and skewness , to decide if Orsted AS performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.13 |
Insignificant reverse predictability
Orsted AS has insignificant reverse predictability. Overlapping area represents the amount of predictability between Orsted AS time series from 4th of January 2023 to 30th of December 2023 and 30th of December 2023 to 24th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Orsted AS price movement. The serial correlation of -0.13 indicates that less than 13.0% of current Orsted AS price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.13 | |
| Spearman Rank Test | 0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 11.38 |
Orsted AS lagged returns against current returns
Autocorrelation, which is Orsted AS stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Orsted AS's stock expected returns. We can calculate the autocorrelation of Orsted AS returns to help us make a trade decision. For example, suppose you find that Orsted AS has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Orsted AS regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Orsted AS stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Orsted AS stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Orsted AS stock over time.
Current vs Lagged Prices |
| Timeline |
Orsted AS Lagged Returns
When evaluating Orsted AS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Orsted AS stock have on its future price. Orsted AS autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Orsted AS autocorrelation shows the relationship between Orsted AS stock current value and its past values and can show if there is a momentum factor associated with investing in Orsted AS.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Orsted Stock
Orsted AS financial ratios help investors to determine whether Orsted Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Orsted with respect to the benefits of owning Orsted AS security.