Orbit Technologies (Israel) Market Value
| ORBI Stock | ILA 2,761 39.00 1.39% |
| Symbol | Orbit |
Orbit 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 Orbit 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 Orbit Technologies.
| 12/08/2022 |
| 11/27/2024 |
If you would invest 0.00 in Orbit Technologies on December 8, 2022 and sell it all today you would earn a total of 0.00 from holding Orbit Technologies or generate 0.0% return on investment in Orbit Technologies over 720 days. Orbit Technologies is related to or competes with Ormat Technologies, Multi Retail, Nova, B Communications, Holmes Place, Petrochemical, and Israel Opportunity. Orbit Technologies Ltd provides airborne communications, and satellite-tracking maritime and ground-station solutions in... More
Orbit 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 Orbit 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 Orbit Technologies upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.75 | |||
| Information Ratio | 0.0968 | |||
| Maximum Drawdown | 9.9 | |||
| Value At Risk | (2.84) | |||
| Potential Upside | 4.23 |
Orbit Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Orbit Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Orbit Technologies' standard deviation. In reality, there are many statistical measures that can use Orbit Technologies historical prices to predict the future Orbit Technologies' volatility.| Risk Adjusted Performance | 0.1291 | |||
| Jensen Alpha | 0.3195 | |||
| Total Risk Alpha | (0) | |||
| Sortino Ratio | 0.1124 | |||
| Treynor Ratio | (19.48) |
Orbit Technologies Backtested Returns
Orbit Technologies appears to be very steady, given 3 months investment horizon. Orbit Technologies maintains Sharpe Ratio (i.e., Efficiency) of 0.21, which implies the firm had a 0.21% return per unit of risk over the last 3 months. We have found thirty technical indicators for Orbit Technologies, which you can use to evaluate the volatility of the company. Please evaluate Orbit Technologies' Risk Adjusted Performance of 0.1291, semi deviation of 1.5, and Coefficient Of Variation of 622.06 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Orbit Technologies holds a performance score of 16. The company holds a Beta of -0.0163, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Orbit Technologies are expected to decrease at a much lower rate. During the bear market, Orbit Technologies is likely to outperform the market. Please check Orbit Technologies' semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and standard deviation , to make a quick decision on whether Orbit Technologies' historical price patterns will revert.
Auto-correlation | -0.32 |
Poor reverse predictability
Orbit Technologies has poor reverse predictability. Overlapping area represents the amount of predictability between Orbit Technologies time series from 8th of December 2022 to 3rd of December 2023 and 3rd of December 2023 to 27th 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 Orbit Technologies price movement. The serial correlation of -0.32 indicates that nearly 32.0% of current Orbit Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.32 | |
| Spearman Rank Test | -0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 44.4 K |
Orbit Technologies lagged returns against current returns
Autocorrelation, which is Orbit 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 Orbit Technologies' stock expected returns. We can calculate the autocorrelation of Orbit Technologies returns to help us make a trade decision. For example, suppose you find that Orbit 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 |
| Timeline |
Orbit 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 Orbit Technologies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Orbit Technologies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Orbit Technologies stock over time.
Current vs Lagged Prices |
| Timeline |
Orbit Technologies Lagged Returns
When evaluating Orbit Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Orbit Technologies stock have on its future price. Orbit 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, Orbit Technologies autocorrelation shows the relationship between Orbit Technologies stock current value and its past values and can show if there is a momentum factor associated with investing in Orbit 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.Other Information on Investing in Orbit Stock
Orbit Technologies financial ratios help investors to determine whether Orbit 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 Orbit with respect to the benefits of owning Orbit Technologies security.