Orrn Energy (Sweden) Market Value
| ORRON Stock | 6.75 0.27 3.85% |
| Symbol | Orrn |
Orrn Energy '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 Orrn Energy'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 Orrn Energy.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Orrn Energy on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Orrn Energy AB or generate 0.0% return on investment in Orrn Energy over 30 days. Orrn Energy is related to or competes with Mekonomen, Embellence Group, AAC Clyde, Africa Oil, Momentum Group, Cell Impact, and Svenska Handelsbanken. More
Orrn Energy 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 Orrn Energy'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 Orrn Energy AB upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.24) | |||
| Maximum Drawdown | 11.72 | |||
| Value At Risk | (3.29) | |||
| Potential Upside | 2.86 |
Orrn Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Orrn Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Orrn Energy's standard deviation. In reality, there are many statistical measures that can use Orrn Energy historical prices to predict the future Orrn Energy's volatility.| Risk Adjusted Performance | (0.14) | |||
| Jensen Alpha | (0.51) | |||
| Total Risk Alpha | (0.78) | |||
| Treynor Ratio | (0.67) |
Orrn Energy AB Backtested Returns
Orrn Energy AB maintains Sharpe Ratio (i.e., Efficiency) of -0.19, which implies the firm had a -0.19% return per unit of risk over the last 3 months. Orrn Energy AB exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Orrn Energy's Coefficient Of Variation of (537.48), risk adjusted performance of (0.14), and Variance of 5.15 to confirm the risk estimate we provide. The company holds a Beta of 0.64, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Orrn Energy's returns are expected to increase less than the market. However, during the bear market, the loss of holding Orrn Energy is expected to be smaller as well. At this point, Orrn Energy AB has a negative expected return of -0.43%. Please make sure to check Orrn Energy's treynor ratio, accumulation distribution, as well as the relationship between the Accumulation Distribution and price action indicator , to decide if Orrn Energy AB performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.57 |
Good reverse predictability
Orrn Energy AB has good reverse predictability. Overlapping area represents the amount of predictability between Orrn Energy 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 Orrn Energy AB price movement. The serial correlation of -0.57 indicates that roughly 57.0% of current Orrn Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.57 | |
| Spearman Rank Test | -0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Orrn Energy AB lagged returns against current returns
Autocorrelation, which is Orrn Energy 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 Orrn Energy's stock expected returns. We can calculate the autocorrelation of Orrn Energy returns to help us make a trade decision. For example, suppose you find that Orrn Energy 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 |
Orrn Energy 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 Orrn Energy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Orrn Energy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Orrn Energy stock over time.
Current vs Lagged Prices |
| Timeline |
Orrn Energy Lagged Returns
When evaluating Orrn Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Orrn Energy stock have on its future price. Orrn Energy 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, Orrn Energy autocorrelation shows the relationship between Orrn Energy stock current value and its past values and can show if there is a momentum factor associated with investing in Orrn Energy AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Orrn Stock Analysis
When running Orrn Energy's price analysis, check to measure Orrn Energy's 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 Orrn Energy is operating at the current time. Most of Orrn Energy's value examination focuses on studying past and present price action to predict the probability of Orrn Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Orrn Energy's price. Additionally, you may evaluate how the addition of Orrn Energy to your portfolios can decrease your overall portfolio volatility.