ORMAT TECHNOLOGIES (Germany) Market Value
| HNM Stock | 74.90 0.60 0.81% |
| Symbol | ORMAT |
ORMAT 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 ORMAT TECHNOLOGIES'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 ORMAT TECHNOLOGIES.
| 12/18/2023 |
| 12/12/2024 |
If you would invest 0.00 in ORMAT TECHNOLOGIES on December 18, 2023 and sell it all today you would earn a total of 0.00 from holding ORMAT TECHNOLOGIES or generate 0.0% return on investment in ORMAT TECHNOLOGIES over 360 days. ORMAT TECHNOLOGIES is related to or competes with Apple, Apple, Apple, Apple, Microsoft, Microsoft, and Microsoft. More
ORMAT 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 ORMAT TECHNOLOGIES'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 ORMAT TECHNOLOGIES upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.3 | |||
| Information Ratio | 0.0473 | |||
| Maximum Drawdown | 6.64 | |||
| Value At Risk | (2.54) | |||
| Potential Upside | 2.45 |
ORMAT TECHNOLOGIES Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ORMAT TECHNOLOGIES's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ORMAT TECHNOLOGIES's standard deviation. In reality, there are many statistical measures that can use ORMAT TECHNOLOGIES historical prices to predict the future ORMAT TECHNOLOGIES's volatility.| Risk Adjusted Performance | 0.1048 | |||
| Jensen Alpha | 0.1501 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.0495 | |||
| Treynor Ratio | 0.7131 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of ORMAT TECHNOLOGIES's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
ORMAT TECHNOLOGIES Backtested Returns
Currently, ORMAT TECHNOLOGIES is very steady. ORMAT TECHNOLOGIES maintains Sharpe Ratio (i.e., Efficiency) of 0.12, which implies the firm had a 0.12% return per unit of volatility over the last 3 months. We have found thirty technical indicators for ORMAT TECHNOLOGIES, which you can use to evaluate the volatility of the company. Please check ORMAT TECHNOLOGIES's risk adjusted performance of 0.1048, and Semi Deviation of 1.14 to confirm if the risk estimate we provide is consistent with the expected return of 0.17%. ORMAT TECHNOLOGIES has a performance score of 9 on a scale of 0 to 100. The company holds a Beta of 0.25, which implies not very significant fluctuations relative to the market. As returns on the market increase, ORMAT TECHNOLOGIES's returns are expected to increase less than the market. However, during the bear market, the loss of holding ORMAT TECHNOLOGIES is expected to be smaller as well. ORMAT TECHNOLOGIES currently holds a risk of 1.36%. Please check ORMAT TECHNOLOGIES sortino ratio, skewness, price action indicator, as well as the relationship between the potential upside and rate of daily change , to decide if ORMAT TECHNOLOGIES will be following its historical price patterns.
Auto-correlation | 0.50 |
Modest predictability
ORMAT TECHNOLOGIES has modest predictability. Overlapping area represents the amount of predictability between ORMAT TECHNOLOGIES time series from 18th of December 2023 to 15th of June 2024 and 15th of June 2024 to 12th of December 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 ORMAT TECHNOLOGIES price movement. The serial correlation of 0.5 indicates that about 50.0% of current ORMAT TECHNOLOGIES price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.5 | |
| Spearman Rank Test | 0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 15.12 |
ORMAT TECHNOLOGIES lagged returns against current returns
Autocorrelation, which is ORMAT 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 ORMAT TECHNOLOGIES's stock expected returns. We can calculate the autocorrelation of ORMAT TECHNOLOGIES returns to help us make a trade decision. For example, suppose you find that ORMAT 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 |
ORMAT 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 ORMAT TECHNOLOGIES stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ORMAT TECHNOLOGIES stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ORMAT TECHNOLOGIES stock over time.
Current vs Lagged Prices |
| Timeline |
ORMAT TECHNOLOGIES Lagged Returns
When evaluating ORMAT TECHNOLOGIES's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ORMAT TECHNOLOGIES stock have on its future price. ORMAT 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, ORMAT TECHNOLOGIES autocorrelation shows the relationship between ORMAT TECHNOLOGIES stock current value and its past values and can show if there is a momentum factor associated with investing in ORMAT TECHNOLOGIES.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for ORMAT Stock Analysis
When running ORMAT TECHNOLOGIES's price analysis, check to measure ORMAT TECHNOLOGIES'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 ORMAT TECHNOLOGIES is operating at the current time. Most of ORMAT TECHNOLOGIES's value examination focuses on studying past and present price action to predict the probability of ORMAT TECHNOLOGIES's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ORMAT TECHNOLOGIES's price. Additionally, you may evaluate how the addition of ORMAT TECHNOLOGIES to your portfolios can decrease your overall portfolio volatility.