Ortel Communications (India) Market Value
| ORTEL Stock | 1.98 0.00 0.00% |
| Symbol | Ortel |
Ortel Communications '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 Ortel Communications' 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 Ortel Communications.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Ortel Communications on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Ortel Communications Limited or generate 0.0% return on investment in Ortel Communications over 90 days. Ortel Communications is related to or competes with LT Technology, Cambridge Technology, Cybertech Systems, Newgen Software, Sarthak Metals, PNC Infratech, and Agro Tech. Ortel Communications is entity of India. It is traded as Stock on NSE exchange. More
Ortel Communications 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 Ortel Communications' 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 Ortel Communications Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 15.05 | |||
| Value At Risk | (5.26) | |||
| Potential Upside | 4.68 |
Ortel Communications Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ortel Communications' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ortel Communications' standard deviation. In reality, there are many statistical measures that can use Ortel Communications historical prices to predict the future Ortel Communications' volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.26) | |||
| Total Risk Alpha | 0.1413 | |||
| Treynor Ratio | 0.5523 |
Ortel Communications Backtested Returns
Ortel Communications maintains Sharpe Ratio (i.e., Efficiency) of -0.0799, which implies the firm had a -0.0799 % return per unit of risk over the last 3 months. Ortel Communications exposes nineteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Ortel Communications' Variance of 8.15, risk adjusted performance of (0.06), and Coefficient Of Variation of (1,384) to confirm the risk estimate we provide. The company holds a Beta of -0.39, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Ortel Communications are expected to decrease at a much lower rate. During the bear market, Ortel Communications is likely to outperform the market. At this point, Ortel Communications has a negative expected return of -0.24%. Please make sure to check Ortel Communications' total risk alpha and rate of daily change , to decide if Ortel Communications performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.09 |
Very weak reverse predictability
Ortel Communications Limited has very weak reverse predictability. Overlapping area represents the amount of predictability between Ortel Communications time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th of March 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 Ortel Communications price movement. The serial correlation of -0.09 indicates that less than 9.0% of current Ortel Communications price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.09 | |
| Spearman Rank Test | -0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Ortel Communications lagged returns against current returns
Autocorrelation, which is Ortel Communications 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 Ortel Communications' stock expected returns. We can calculate the autocorrelation of Ortel Communications returns to help us make a trade decision. For example, suppose you find that Ortel Communications 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 |
Ortel Communications 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 Ortel Communications stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ortel Communications stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ortel Communications stock over time.
Current vs Lagged Prices |
| Timeline |
Ortel Communications Lagged Returns
When evaluating Ortel Communications' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ortel Communications stock have on its future price. Ortel Communications 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, Ortel Communications autocorrelation shows the relationship between Ortel Communications stock current value and its past values and can show if there is a momentum factor associated with investing in Ortel Communications Limited.
Regressed Prices |
| Timeline |
Also Currently Popular
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.Other Information on Investing in Ortel Stock
Ortel Communications financial ratios help investors to determine whether Ortel Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Ortel with respect to the benefits of owning Ortel Communications security.