Orbit International Correlations
ORBTDelisted Stock | USD 6.70 0.00 0.00% |
The current 90-days correlation between Orbit International and Nortech Systems Incorporated is -0.23 (i.e., Very good diversification). The correlation of Orbit International 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.
Orbit International Correlation With Market
Good diversification
The correlation between Orbit International and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Orbit International and DJI in the same portfolio, assuming nothing else is changed.
Orbit |
The ability to find closely correlated positions to Orbit International could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Orbit International 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 Orbit International - 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 Orbit International to buy it.
Moving together with Orbit Pink Sheet
0.62 | VIDE | Video Display | PairCorr |
0.63 | VVPR | VivoPower International Tech Boost | PairCorr |
0.7 | ENV | Envestnet | PairCorr |
0.84 | ZENA | ZenaTech Tech Boost | PairCorr |
Moving against Orbit Pink Sheet
0.92 | EACO | Eaco Corp | PairCorr |
0.35 | XELAP | Exela Technologies | PairCorr |
0.64 | FAASW | DigiAsia Corp Symbol Change | PairCorr |
0.64 | FUJIY | FUJIFILM Holdings Corp | PairCorr |
0.36 | INST | Instructure Holdings | PairCorr |
0.73 | VEEAW | Veea Inc Symbol Change | PairCorr |
0.54 | MVLA | Movella Holdings | PairCorr |
Related Correlations Analysis
-0.01 | -0.69 | -0.17 | 0.26 | NSYS | ||
-0.01 | 0.06 | 0.73 | -0.48 | VIDE | ||
-0.69 | 0.06 | 0.28 | -0.35 | PDEX | ||
-0.17 | 0.73 | 0.28 | -0.66 | TORM | ||
0.26 | -0.48 | -0.35 | -0.66 | SGMA | ||
Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
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Risk-Adjusted Indicators
There is a big difference between Orbit Pink Sheet performing well and Orbit International Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Orbit International's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
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NSYS | 2.42 | (0.01) | (0.01) | 0.08 | 3.23 | 6.48 | 20.00 | |||
VIDE | 1.67 | 0.15 | 0.00 | 0.31 | 0.00 | 6.48 | 34.85 | |||
PDEX | 4.39 | 1.02 | 0.18 | 0.93 | 4.91 | 9.99 | 31.08 | |||
TORM | 1.53 | 0.38 | 0.09 | (0.88) | 1.39 | 6.56 | 14.47 | |||
SGMA | 2.52 | (0.03) | 0.00 | 0.06 | 2.72 | 5.56 | 18.48 |
Orbit International Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Orbit International pink sheet to make a market-neutral strategy. Peer analysis of Orbit International could also be used in its relative valuation, which is a method of valuing Orbit International by comparing valuation metrics with similar companies.
Risk & Return | Correlation |
Orbit International Corporate Executives
Elected by the shareholders, the Orbit International's board of directors comprises two types of representatives: Orbit International inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Orbit. The board's role is to monitor Orbit International's management team and ensure that shareholders' interests are well served. Orbit International's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Orbit International's outside directors are responsible for providing unbiased perspectives on the board's policies.
David Goldman | CFO, Principal Accounting Officer and Treasurer | Profile | |
Karl Schmidt | Executive VP, COO of Behlman Electronics, Inc, COO of Orbit Power Group and COO of Orbit Electronics Group | Profile |
Still Interested in Orbit International?
Investing in delisted pink sheets can be risky, as the pink sheet is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.