Orient Technologies (India) Market Value
| ORIENTTECH | 395.40 43.70 9.95% |
| Symbol | Orient |
Orient 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 Orient 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 Orient Technologies.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Orient Technologies on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Orient Technologies Limited or generate 0.0% return on investment in Orient Technologies over 30 days. Orient Technologies is related to or competes with Tata Consultancy, Infosys, HCL Technologies, Wipro, Tech Mahindra, and Persistent Systems. Orient Technologies is entity of India. It is traded as Stock on NSE exchange. More
Orient 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 Orient 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 Orient Technologies Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.78 | |||
| Information Ratio | 0.1381 | |||
| Maximum Drawdown | 19.61 | |||
| Value At Risk | (4.21) | |||
| Potential Upside | 8.02 |
Orient Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Orient Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Orient Technologies' standard deviation. In reality, there are many statistical measures that can use Orient Technologies historical prices to predict the future Orient Technologies' volatility.| Risk Adjusted Performance | 0.1384 | |||
| Jensen Alpha | 0.5848 | |||
| Total Risk Alpha | 0.041 | |||
| Sortino Ratio | 0.2051 | |||
| Treynor Ratio | 0.7899 |
Orient Technologies Backtested Returns
Orient Technologies appears to be very steady, given 3 months investment horizon. Orient Technologies maintains Sharpe Ratio (i.e., Efficiency) of 0.12, which implies the firm had a 0.12% return per unit of risk over the last 3 months. By analyzing Orient Technologies' technical indicators, you can evaluate if the expected return of 0.53% is justified by implied risk. Please evaluate Orient Technologies' Risk Adjusted Performance of 0.1384, coefficient of variation of 588.76, and Semi Deviation of 2.22 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Orient Technologies holds a performance score of 9. The company holds a Beta of 0.87, which implies possible diversification benefits within a given portfolio. Orient Technologies returns are very sensitive to returns on the market. As the market goes up or down, Orient Technologies is expected to follow. Please check Orient Technologies' downside variance, and the relationship between the sortino ratio and accumulation distribution , to make a quick decision on whether Orient Technologies' historical price patterns will revert.
Auto-correlation | 0.42 |
Average predictability
Orient Technologies Limited has average predictability. Overlapping area represents the amount of predictability between Orient 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 Orient Technologies price movement. The serial correlation of 0.42 indicates that just about 42.0% of current Orient Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.42 | |
| Spearman Rank Test | 0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 568.58 |
Orient Technologies lagged returns against current returns
Autocorrelation, which is Orient 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 Orient Technologies' stock expected returns. We can calculate the autocorrelation of Orient Technologies returns to help us make a trade decision. For example, suppose you find that Orient 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 |
Orient 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 Orient Technologies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Orient Technologies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Orient Technologies stock over time.
Current vs Lagged Prices |
| Timeline |
Orient Technologies Lagged Returns
When evaluating Orient Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Orient Technologies stock have on its future price. Orient 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, Orient Technologies autocorrelation shows the relationship between Orient Technologies stock current value and its past values and can show if there is a momentum factor associated with investing in Orient Technologies Limited.
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 Orient Stock Analysis
When running Orient Technologies' price analysis, check to measure Orient Technologies' 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 Orient Technologies is operating at the current time. Most of Orient Technologies' value examination focuses on studying past and present price action to predict the probability of Orient Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Orient Technologies' price. Additionally, you may evaluate how the addition of Orient Technologies to your portfolios can decrease your overall portfolio volatility.