Ormat Technologies Stock Market Value
| ORA Stock | USD 62.92 0.81 1.30% |
| 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.
| 04/25/2023 |
| 04/19/2024 |
If you would invest 0.00 in Ormat Technologies on April 25, 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 Verde Clean, ReNew Energy, Eco Wave, Fluence Energy, Advent Technologies, and Algonquin Power. 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.
| Information Ratio | (0.07) | |||
| 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 | (0.02) | |||
| Jensen Alpha | (0.18) | |||
| Total Risk Alpha | (0.27) | |||
| Treynor Ratio | (0.05) |
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
Ormat Technologies maintains Sharpe Ratio (i.e., Efficiency) of -0.0418, which implies the firm had a -0.0418% return per unit of risk over the last 3 months. Ormat Technologies exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Ormat Technologies' Risk Adjusted Performance of (0.02), variance of 3.96, and Coefficient Of Variation of (2,699) to confirm the risk estimate we provide. The company holds a Beta of 1.6, 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 has an expected return of -0.0846%. Please make sure to check Ormat Technologies potential upside, as well as the relationship between the daily balance of power and market facilitation index , to decide if Ormat Technologies performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.30 |
Below average predictability
Ormat Technologies has below average predictability. Overlapping area represents the amount of predictability between Ormat Technologies time series from 25th of April 2023 to 22nd of October 2023 and 22nd of October 2023 to 19th of April 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 0.3 indicates that nearly 30.0% of current Ormat Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.3 | |
| Spearman Rank Test | 0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 16.37 |
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 |
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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.