ORIX (Germany) Market Value
| OIX Stock | EUR 19.80 0.40 1.98% |
| Symbol | ORIX |
ORIX '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 ORIX'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 ORIX.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in ORIX on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding ORIX Corporation or generate 0.0% return on investment in ORIX over 30 days. ORIX is related to or competes with Superior Plus, NMI Holdings, Origin Agritech, SIVERS SEMICONDUCTORS, Talanx AG, and NorAm Drilling. It operates through six segments Corporate Financial Services, Maintenance Leasing, Real Estate, Investment and Operatio... More
ORIX 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 ORIX'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 ORIX Corporation upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 9.67 | |||
| Value At Risk | (4.46) | |||
| Potential Upside | 3.92 |
ORIX Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ORIX's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ORIX's standard deviation. In reality, there are many statistical measures that can use ORIX historical prices to predict the future ORIX's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.37) | |||
| Treynor Ratio | (0.26) |
ORIX Backtested Returns
ORIX maintains Sharpe Ratio (i.e., Efficiency) of -0.0612, which implies the firm had a -0.0612% return per unit of volatility over the last 3 months. ORIX exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check ORIX's coefficient of variation of (2,603), and Risk Adjusted Performance of (0.02) to confirm the risk estimate we provide. The company holds a Beta of 0.35, which implies possible diversification benefits within a given portfolio. As returns on the market increase, ORIX's returns are expected to increase less than the market. However, during the bear market, the loss of holding ORIX is expected to be smaller as well. At this point, ORIX has a negative expected return of -0.13%. Please make sure to check ORIX's potential upside, daily balance of power, and the relationship between the maximum drawdown and kurtosis , to decide if ORIX performance from the past will be repeated at future time.
Auto-correlation | -0.75 |
Almost perfect reverse predictability
ORIX Corporation has almost perfect reverse predictability. Overlapping area represents the amount of predictability between ORIX time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 to 23rd 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 ORIX price movement. The serial correlation of -0.75 indicates that around 75.0% of current ORIX price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.75 | |
| Spearman Rank Test | -0.72 | |
| Residual Average | 0.0 | |
| Price Variance | 0.2 |
ORIX lagged returns against current returns
Autocorrelation, which is ORIX 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 ORIX's stock expected returns. We can calculate the autocorrelation of ORIX returns to help us make a trade decision. For example, suppose you find that ORIX 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 |
ORIX 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 ORIX stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ORIX stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ORIX stock over time.
Current vs Lagged Prices |
| Timeline |
ORIX Lagged Returns
When evaluating ORIX's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ORIX stock have on its future price. ORIX 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, ORIX autocorrelation shows the relationship between ORIX stock current value and its past values and can show if there is a momentum factor associated with investing in ORIX Corporation.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in ORIX Stock
ORIX financial ratios help investors to determine whether ORIX 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 ORIX with respect to the benefits of owning ORIX security.