Orion Group Holdings Stock Market Value
| ORN Stock | USD 7.98 0.69 9.47% |
| Symbol | Orion |
Orion Group Holdings Price To Book Ratio
Is Construction & Engineering 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 Group. 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 Group 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 0.629 | Earnings Share (0.38) | Revenue Per Share | Quarterly Revenue Growth 0.345 | Return On Assets |
The market value of Orion Group Holdings 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 Group's value that differs from its market value or its book value, called intrinsic value, which is Orion Group'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 Group's market value can be influenced by many factors that don't directly affect Orion Group'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 Group's value and its price as these two are different measures arrived at by different means. Investors typically determine if Orion Group is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Orion Group'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 Group '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 Group'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 Group.
| 12/21/2024 |
| 01/20/2025 |
If you would invest 0.00 in Orion Group on December 21, 2024 and sell it all today you would earn a total of 0.00 from holding Orion Group Holdings or generate 0.0% return on investment in Orion Group over 30 days. Orion Group is related to or competes with MYR, Granite Construction, Construction Partners, Great Lakes, KBR, EMCOR, and Comfort Systems. Orion Group Holdings, Inc. operates as a specialty construction company in the building, industrial, and infrastructure ... More
Orion Group 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 Group'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 Group Holdings upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.16 | |||
| Information Ratio | 0.1388 | |||
| Maximum Drawdown | 23.65 | |||
| Value At Risk | (5.43) | |||
| Potential Upside | 8.66 |
Orion Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Orion Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Orion Group's standard deviation. In reality, there are many statistical measures that can use Orion Group historical prices to predict the future Orion Group's volatility.| Risk Adjusted Performance | 0.1299 | |||
| Jensen Alpha | 0.5642 | |||
| Total Risk Alpha | 0.5049 | |||
| Sortino Ratio | 0.1849 | |||
| Treynor Ratio | 0.298 |
Orion Group Holdings Backtested Returns
Orion Group appears to be slightly risky, given 3 months investment horizon. Orion Group Holdings maintains Sharpe Ratio (i.e., Efficiency) of 0.14, which implies the firm had a 0.14 % return per unit of risk over the last 3 months. By analyzing Orion Group's technical indicators, you can evaluate if the expected return of 0.6% is justified by implied risk. Please evaluate Orion Group's Semi Deviation of 2.73, risk adjusted performance of 0.1299, and Coefficient Of Variation of 685.71 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Orion Group holds a performance score of 11. The company holds a Beta of 2.03, which implies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Orion Group will likely underperform. Please check Orion Group's downside variance, and the relationship between the sortino ratio and accumulation distribution , to make a quick decision on whether Orion Group's historical price patterns will revert.
Auto-correlation | 0.41 |
Average predictability
Orion Group Holdings has average predictability. Overlapping area represents the amount of predictability between Orion Group time series from 21st of December 2024 to 5th of January 2025 and 5th of January 2025 to 20th of January 2025. 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 Group Holdings price movement. The serial correlation of 0.41 indicates that just about 41.0% of current Orion Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.41 | |
| Spearman Rank Test | -0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 0.13 |
Orion Group Holdings lagged returns against current returns
Autocorrelation, which is Orion Group 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 Group's stock expected returns. We can calculate the autocorrelation of Orion Group returns to help us make a trade decision. For example, suppose you find that Orion Group 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 Group 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 Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Orion Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Orion Group stock over time.
Current vs Lagged Prices |
| Timeline |
Orion Group Lagged Returns
When evaluating Orion Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Orion Group stock have on its future price. Orion Group 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 Group autocorrelation shows the relationship between Orion Group stock current value and its past values and can show if there is a momentum factor associated with investing in Orion Group Holdings.
Regressed Prices |
| Timeline |
Pair Trading with Orion Group
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Orion Group position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Orion Group will appreciate offsetting losses from the drop in the long position's value.Moving together with Orion Stock
Moving against Orion Stock
| 0.53 | KBR | KBR Inc | PairCorr |
| 0.46 | SKK | PROSHARES ULTRASHORT | PairCorr |
| 0.39 | EXPO | Exponent | PairCorr |
| 0.32 | JUNE | Junee Limited Ordinary | PairCorr |
| 0.31 | WLDN | Willdan Group | PairCorr |
The ability to find closely correlated positions to Orion Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Orion Group when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Orion Group - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Orion Group Holdings to buy it.
The correlation of Orion Group is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Orion Group moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Orion Group Holdings moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Orion Group can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Orion Group Correlation, Orion Group Volatility and Orion Group Alpha and Beta module to complement your research on Orion Group. You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
Orion Group 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.