Ormat Technologies Stock Market Value
| ORA Stock | USD 67.51 0.01 0.01% |
| Symbol | Ormat |
Ormat Technologies Price To Book Ratio
Is Ormat Technologies' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Ormat Technologies. If investors know Ormat will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Ormat Technologies listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.84 | Dividend Share 0.48 | Earnings Share 2.08 | Revenue Per Share 13.958 | Quarterly Revenue Growth 0.174 |
The market value of Ormat Technologies is measured differently than its book value, which is the value of Ormat that is recorded on the company's balance sheet. Investors also form their own opinion of Ormat Technologies' value that differs from its market value or its book value, called intrinsic value, which is Ormat Technologies' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Ormat Technologies' market value can be influenced by many factors that don't directly affect Ormat Technologies' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Ormat Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Ormat Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ormat Technologies' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
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' 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.
| 04/06/2024 |
| 05/06/2024 |
If you would invest 0.00 in Ormat Technologies on April 6, 2024 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 30 days. Ormat Technologies is related to or competes with Clearway Energy, Algonquin Power, Algonquin Power, and Orsted A/S. Ormat Technologies, Inc. engages in the geothermal and recovered energy power business in the United States, Indonesia, ... 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' 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 | 2.06 | |||
| Information Ratio | 0.0041 | |||
| Maximum Drawdown | 9.82 | |||
| Value At Risk | (3.31) | |||
| Potential Upside | 3.1 |
Ormat Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ormat Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ormat Technologies' standard deviation. In reality, there are many statistical measures that can use Ormat Technologies historical prices to predict the future Ormat Technologies' volatility.| Risk Adjusted Performance | 0.0342 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.15) | |||
| Sortino Ratio | 0.0041 | |||
| Treynor Ratio | 0.0494 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Ormat Technologies' 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
We consider Ormat Technologies very steady. Ormat Technologies maintains Sharpe Ratio (i.e., Efficiency) of 0.0344, which implies the firm had a 0.0344% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Ormat Technologies, which you can use to evaluate the volatility of the company. Please check Ormat Technologies' Semi Deviation of 1.98, risk adjusted performance of 0.0342, and Coefficient Of Variation of 2308.13 to confirm if the risk estimate we provide is consistent with the expected return of 0.0691%. Ormat Technologies has a performance score of 2 on a scale of 0 to 100. The company holds a Beta of 1.58, which implies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Ormat Technologies will likely underperform. Ormat Technologies right now holds a risk of 2.01%. Please check Ormat Technologies treynor ratio, kurtosis, period momentum indicator, as well as the relationship between the downside variance and day median price , to decide if Ormat Technologies will be following its historical price patterns.
Auto-correlation | 0.05 |
Virtually no predictability
Ormat Technologies has virtually no predictability. Overlapping area represents the amount of predictability between Ormat Technologies time series from 6th of April 2024 to 21st of April 2024 and 21st of April 2024 to 6th of May 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 0.05 indicates that only as little as 5.0% of current Ormat Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.05 | |
| Spearman Rank Test | -0.77 | |
| Residual Average | 0.0 | |
| Price Variance | 2.04 |
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' 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' 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 |
Ormat Technologies Investors Sentiment
The influence of Ormat Technologies' investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Ormat. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Ormat Technologies' public news can be used to forecast risks associated with an investment in Ormat. The trend in average sentiment can be used to explain how an investor holding Ormat can time the market purely based on public headlines and social activities around Ormat Technologies. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Ormat Technologies' market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Ormat Technologies' and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Ormat Technologies' news discussions. The higher the estimated score, the more favorable is the investor's outlook on Ormat Technologies.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Ormat Technologies in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Ormat Technologies' short interest history, or implied volatility extrapolated from Ormat Technologies options trading.
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Complementary Tools for Ormat Stock analysis
When running Ormat Technologies' price analysis, check to measure Ormat Technologies' 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' value examination focuses on studying past and present price action to predict the probability of Ormat Technologies' 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' price. Additionally, you may evaluate how the addition of Ormat Technologies to your portfolios can decrease your overall portfolio volatility.
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Ormat Technologies technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.