Orion Energy Systems Stock Market Value
| OESX Stock | USD 0.82 0.02 2.38% |
| Symbol | Orion |
Orion Energy Systems Price To Book Ratio
Is Electrical Components & Equipment space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Orion Energy. If investors know Orion will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Orion Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.75) | Earnings Share (0.25) | Revenue Per Share 2.808 | Quarterly Revenue Growth (0.06) | Return On Assets (0.07) |
The market value of Orion Energy Systems is measured differently than its book value, which is the value of Orion that is recorded on the company's balance sheet. Investors also form their own opinion of Orion Energy's value that differs from its market value or its book value, called intrinsic value, which is Orion Energy's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Orion Energy's market value can be influenced by many factors that don't directly affect Orion Energy's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Orion Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Orion Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Orion Energy'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.
Orion Energy '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 Orion Energy'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 Orion Energy.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Orion Energy on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Orion Energy Systems or generate 0.0% return on investment in Orion Energy over 30 days. Orion Energy is related to or competes with Plug Power, FREYR Battery, FuelCell Energy, Enovix Corp, Microvast Holdings, and Eos Energy. Orion Energy Systems, Inc. researches, designs, develops, manufactures, markets, sells, installs, and implements energy ... More
Orion Energy 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 Orion Energy'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 Orion Energy Systems upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 12.59 | |||
| Value At Risk | (3.45) | |||
| Potential Upside | 3.37 |
Orion Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Orion Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Orion Energy's standard deviation. In reality, there are many statistical measures that can use Orion Energy historical prices to predict the future Orion Energy's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.41) | |||
| Treynor Ratio | (0.27) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Orion Energy's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Orion Energy Systems Backtested Returns
Orion Energy Systems maintains Sharpe Ratio (i.e., Efficiency) of -0.0137, which implies the firm had a -0.0137% return per unit of risk over the last 3 months. Orion Energy Systems exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Orion Energy's Coefficient Of Variation of (3,491), variance of 5.06, and Risk Adjusted Performance of (0.02) to confirm the risk estimate we provide. The company holds a Beta of 0.27, which implies not very significant fluctuations relative to the market. As returns on the market increase, Orion Energy's returns are expected to increase less than the market. However, during the bear market, the loss of holding Orion Energy is expected to be smaller as well. At this point, Orion Energy Systems has a negative expected return of -0.0312%. Please make sure to check Orion Energy's standard deviation, potential upside, as well as the relationship between the Potential Upside and day median price , to decide if Orion Energy Systems performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.24 |
Weak predictability
Orion Energy Systems has weak predictability. Overlapping area represents the amount of predictability between Orion Energy time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 Orion Energy Systems price movement. The serial correlation of 0.24 indicates that over 24.0% of current Orion Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.24 | |
| Spearman Rank Test | -0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Orion Energy Systems lagged returns against current returns
Autocorrelation, which is Orion Energy 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 Orion Energy's stock expected returns. We can calculate the autocorrelation of Orion Energy returns to help us make a trade decision. For example, suppose you find that Orion Energy 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 |
Orion Energy 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 Orion Energy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Orion Energy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Orion Energy stock over time.
Current vs Lagged Prices |
| Timeline |
Orion Energy Lagged Returns
When evaluating Orion Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Orion Energy stock have on its future price. Orion Energy 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, Orion Energy autocorrelation shows the relationship between Orion Energy stock current value and its past values and can show if there is a momentum factor associated with investing in Orion Energy Systems.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Orion Stock Analysis
When running Orion Energy's price analysis, check to measure Orion 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 Orion Energy is operating at the current time. Most of Orion Energy's value examination focuses on studying past and present price action to predict the probability of Orion 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 Orion Energy's price. Additionally, you may evaluate how the addition of Orion Energy to your portfolios can decrease your overall portfolio volatility.