Orsted As Adr Stock Market Value

DNNGY Stock  USD 18.06  0.14  0.78%   
Orsted A/S's market value is the price at which a share of Orsted A/S trades on a public exchange. It measures the collective expectations of Orsted AS ADR investors about its performance. Orsted A/S is trading at 18.06 as of the 22nd of November 2024; that is 0.78% increase since the beginning of the trading day. The stock's open price was 17.92.
With this module, you can estimate the performance of a buy and hold strategy of Orsted AS ADR and determine expected loss or profit from investing in Orsted A/S over a given investment horizon. Check out Orsted A/S Correlation, Orsted A/S Volatility and Orsted A/S Alpha and Beta module to complement your research on Orsted A/S.
Symbol

Please note, there is a significant difference between Orsted A/S's value and its price as these two are different measures arrived at by different means. Investors typically determine if Orsted A/S is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Orsted A/S's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Orsted A/S '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 A/S's pink sheet 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 A/S.
0.00
10/23/2024
No Change 0.00  0.0 
In 31 days
11/22/2024
0.00
If you would invest  0.00  in Orsted A/S on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Orsted AS ADR or generate 0.0% return on investment in Orsted A/S over 30 days. Orsted A/S is related to or competes with Brookfield Renewable, Brookfield Renewable, Clearway Energy, Atlantica Sustainable, Nextera Energy, and Fortum Oyj. rsted AS, together with its subsidiaries, develops, constructs, owns, and operates offshore and onshore wind farms, sola... More

Orsted A/S 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 A/S's pink sheet 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 ADR upside and downside potential and time the market with a certain degree of confidence.

Orsted A/S Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Orsted A/S's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Orsted A/S's standard deviation. In reality, there are many statistical measures that can use Orsted A/S historical prices to predict the future Orsted A/S's volatility.
Hype
Prediction
LowEstimatedHigh
15.3518.0620.77
Details
Intrinsic
Valuation
LowRealHigh
13.2115.9218.63
Details
Naive
Forecast
LowNextHigh
15.6618.3721.07
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
16.5219.2121.90
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Orsted A/S. Your research has to be compared to or analyzed against Orsted A/S's peers to derive any actionable benefits. When done correctly, Orsted A/S's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Orsted AS ADR.

Orsted AS ADR Backtested Returns

Orsted AS ADR maintains Sharpe Ratio (i.e., Efficiency) of -0.0175, which implies the firm had a -0.0175% return per unit of risk over the last 3 months. Orsted AS ADR exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Orsted A/S's Risk Adjusted Performance of 0.0114, semi deviation of 2.91, and Coefficient Of Variation of 18278.35 to confirm the risk estimate we provide. The company holds a Beta of 0.14, which implies not very significant fluctuations relative to the market. As returns on the market increase, Orsted A/S's returns are expected to increase less than the market. However, during the bear market, the loss of holding Orsted A/S is expected to be smaller as well. At this point, Orsted AS ADR has a negative expected return of -0.0474%. Please make sure to check Orsted A/S's potential upside, as well as the relationship between the accumulation distribution and price action indicator , to decide if Orsted AS ADR performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  -0.29  

Weak reverse predictability

Orsted AS ADR has weak reverse predictability. Overlapping area represents the amount of predictability between Orsted A/S time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd of November 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 ADR price movement. The serial correlation of -0.29 indicates that nearly 29.0% of current Orsted A/S price fluctuation can be explain by its past prices.
Correlation Coefficient-0.29
Spearman Rank Test0.45
Residual Average0.0
Price Variance0.08

Orsted AS ADR lagged returns against current returns

Autocorrelation, which is Orsted A/S pink sheet'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 A/S's pink sheet expected returns. We can calculate the autocorrelation of Orsted A/S returns to help us make a trade decision. For example, suppose you find that Orsted A/S has exhibited high autocorrelation historically, and you observe that the pink sheet 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 A/S 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 A/S pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Orsted A/S pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Orsted A/S pink sheet over time.
   Current vs Lagged Prices   
       Timeline  

Orsted A/S Lagged Returns

When evaluating Orsted A/S's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Orsted A/S pink sheet have on its future price. Orsted A/S 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 A/S autocorrelation shows the relationship between Orsted A/S pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Orsted AS ADR.
   Regressed Prices   
       Timeline  

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Additional Tools for Orsted Pink Sheet Analysis

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