Orient Telecoms (UK) Market Value
| ORNT Stock | 8.00 0.78 8.88% |
| Symbol | Orient |
Orient Telecoms '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 Telecoms' 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 Telecoms.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in Orient Telecoms on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding Orient Telecoms or generate 0.0% return on investment in Orient Telecoms over 540 days. Orient Telecoms is related to or competes with Toyota, SoftBank Group, OTP Bank, Las Vegas, Yum Brands, Digital Realty, and Axon Enterprise. Orient Telecoms is entity of United Kingdom More
Orient Telecoms 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 Telecoms' 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 Telecoms upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 23.61 |
Orient Telecoms Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Orient Telecoms' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Orient Telecoms' standard deviation. In reality, there are many statistical measures that can use Orient Telecoms historical prices to predict the future Orient Telecoms' volatility.| Risk Adjusted Performance | 0.0141 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.30) | |||
| Treynor Ratio | 0.0352 |
Orient Telecoms Backtested Returns
Currently, Orient Telecoms is somewhat reliable. Orient Telecoms maintains Sharpe Ratio (i.e., Efficiency) of 0.0103, which implies the firm had a 0.0103% return per unit of risk over the last 3 months. We have found twenty-two technical indicators for Orient Telecoms, which you can use to evaluate the volatility of the company. Please check Orient Telecoms' Risk Adjusted Performance of 0.0141, variance of 4.3, and Coefficient Of Variation of 9857.09 to confirm if the risk estimate we provide is consistent with the expected return of 0.0217%. The company holds a Beta of 0.31, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Orient Telecoms' returns are expected to increase less than the market. However, during the bear market, the loss of holding Orient Telecoms is expected to be smaller as well. Orient Telecoms right now holds a risk of 2.11%. Please check Orient Telecoms information ratio, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if Orient Telecoms will be following its historical price patterns.
Auto-correlation | 0.80 |
Very good predictability
Orient Telecoms has very good predictability. Overlapping area represents the amount of predictability between Orient Telecoms time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th 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 Telecoms price movement. The serial correlation of 0.8 indicates that around 80.0% of current Orient Telecoms price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.8 | |
| Spearman Rank Test | 0.89 | |
| Residual Average | 0.0 | |
| Price Variance | 0.97 |
Orient Telecoms lagged returns against current returns
Autocorrelation, which is Orient Telecoms 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 Telecoms' stock expected returns. We can calculate the autocorrelation of Orient Telecoms returns to help us make a trade decision. For example, suppose you find that Orient Telecoms 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 Telecoms 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 Telecoms stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Orient Telecoms stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Orient Telecoms stock over time.
Current vs Lagged Prices |
| Timeline |
Orient Telecoms Lagged Returns
When evaluating Orient Telecoms' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Orient Telecoms stock have on its future price. Orient Telecoms 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 Telecoms autocorrelation shows the relationship between Orient Telecoms stock current value and its past values and can show if there is a momentum factor associated with investing in Orient Telecoms.
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 Telecoms' price analysis, check to measure Orient Telecoms' 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 Telecoms is operating at the current time. Most of Orient Telecoms' value examination focuses on studying past and present price action to predict the probability of Orient Telecoms' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Orient Telecoms' price. Additionally, you may evaluate how the addition of Orient Telecoms to your portfolios can decrease your overall portfolio volatility.