Ormat Technologies (Israel) Market Value
| ORA Stock | 29,640 260.00 0.87% |
| Symbol | Ormat |
Ormat Technologies '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 Ormat Technologies' 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 Ormat Technologies.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Ormat Technologies on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Ormat Technologies or generate 0.0% return on investment in Ormat Technologies over 30 days. Ormat Technologies is related to or competes with Elbit Systems, Nice, Tower Semiconductor, Nova, and Enlight Renewable. Ormat Technologies, Inc. engages in the geothermal and recovered energy power business in the United States, Indonesia, ... More
Ormat Technologies 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 Ormat Technologies' 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 Ormat Technologies upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.55 | |||
| Information Ratio | 0.0302 | |||
| Maximum Drawdown | 6.88 | |||
| Value At Risk | (2.00) | |||
| Potential Upside | 2.38 |
Ormat Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ormat Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ormat Technologies' standard deviation. In reality, there are many statistical measures that can use Ormat Technologies historical prices to predict the future Ormat Technologies' volatility.| Risk Adjusted Performance | 0.095 | |||
| Jensen Alpha | 0.1345 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | 0.0285 | |||
| Treynor Ratio | 0.6824 |
Ormat Technologies Backtested Returns
Ormat Technologies appears to be very steady, given 3 months investment horizon. Ormat Technologies maintains Sharpe Ratio (i.e., Efficiency) of 0.17, which implies the firm had a 0.17% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Ormat Technologies, which you can use to evaluate the volatility of the company. Please evaluate Ormat Technologies' Semi Deviation of 1.41, coefficient of variation of 846.91, and Risk Adjusted Performance of 0.095 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Ormat Technologies holds a performance score of 13. The company holds a Beta of 0.24, which implies not very significant fluctuations relative to the market. As returns on the market increase, Ormat Technologies' returns are expected to increase less than the market. However, during the bear market, the loss of holding Ormat Technologies is expected to be smaller as well. Please check Ormat Technologies' semi variance, rate of daily change, and the relationship between the value at risk and kurtosis , to make a quick decision on whether Ormat Technologies' historical price patterns will revert.
Auto-correlation | -0.04 |
Very weak reverse predictability
Ormat Technologies has very weak reverse predictability. Overlapping area represents the amount of predictability between Ormat Technologies time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 Ormat Technologies price movement. The serial correlation of -0.04 indicates that only as little as 4.0% of current Ormat Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.04 | |
| Spearman Rank Test | -0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 322.2 K |
Ormat Technologies lagged returns against current returns
Autocorrelation, which is Ormat Technologies 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 Ormat Technologies' stock expected returns. We can calculate the autocorrelation of Ormat Technologies returns to help us make a trade decision. For example, suppose you find that Ormat Technologies 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 |
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Ormat Technologies 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 Ormat Technologies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ormat Technologies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ormat Technologies stock over time.
Current vs Lagged Prices |
| Timeline |
Ormat Technologies Lagged Returns
When evaluating Ormat Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ormat Technologies stock have on its future price. Ormat Technologies 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, Ormat Technologies autocorrelation shows the relationship between Ormat Technologies stock current value and its past values and can show if there is a momentum factor associated with investing in Ormat Technologies.
Regressed Prices |
| Timeline |
Also Currently Popular
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 Information and Resources on Investing in Ormat Stock
When determining whether Ormat Technologies offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Ormat Technologies' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Ormat Technologies Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Ormat Technologies Stock:Check out Ormat Technologies Correlation, Ormat Technologies Volatility and Ormat Technologies Alpha and Beta module to complement your research on Ormat Technologies. For information on how to trade Ormat Stock refer to our How to Trade Ormat Stock guide.You can also try the Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.
Ormat Technologies 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.