Orbital Energy Correlations
| OIGDelisted Stock | USD 0.0003 0.00 0.00% |
The correlation of Orbital Energy 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Orbital Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Orbital Energy Group moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Check out Your Equity Center to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. Orbital |
The ability to find closely correlated positions to Orbital Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Orbital Energy 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 Orbital Energy - 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 Orbital Energy Group to buy it.
Moving together with Orbital Stock
| 0.71 | SWZNF | Schweizerische Nationalbank | PairCorr |
| 0.75 | BA | Boeing Financial Report 24th of July 2024 | PairCorr |
Moving against Orbital Stock
| 0.92 | WMT | Walmart Financial Report 16th of May 2024 | PairCorr |
| 0.84 | BAC | Bank of America Financial Report 16th of July 2024 | PairCorr |
| 0.84 | JPM | JPMorgan Chase Financial Report 12th of July 2024 | PairCorr |
| 0.79 | AXP | American Express Financial Report 19th of July 2024 | PairCorr |
| 0.78 | XOM | Exxon Mobil Corp Sell-off Trend | PairCorr |
| 0.75 | DIS | Walt Disney Report 8th of May 2024 | PairCorr |
| 0.74 | HYMTF | Hyundai Motor | PairCorr |
| 0.64 | AA | Alcoa Corp Financial Report 17th of July 2024 | PairCorr |
| 0.57 | BRK-A | Berkshire Hathaway | PairCorr |
| 0.54 | BRK-B | Berkshire Hathaway | PairCorr |
| 0.44 | TRV | The Travelers Companies Sell-off Trend | PairCorr |
Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Orbital Stock performing well and Orbital Energy 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 Orbital Energy'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| DRTT | 4.60 | 0.25 | 0.01 | (0.06) | 4.85 | 12.12 | 29.23 | |||
| ORN | 3.09 | 0.35 | 0.07 | 0.31 | 4.56 | 6.14 | 22.80 | |||
| ENG | 4.24 | 0.56 | 0.09 | (0.48) | 4.64 | 8.27 | 38.85 | |||
| COLDF | 10.36 | 3.97 | 0.00 | (0.97) | 0.00 | 0.00 | 321.05 | |||
| RIII | 14.45 | 4.70 | 0.00 | 1.34 | 0.00 | 0.00 | 280.11 | |||
| MYRG | 2.00 | (0.11) | (0.02) | 0.01 | 2.92 | 3.25 | 12.73 | |||
| PRIM | 1.65 | 0.44 | 0.27 | 0.29 | 1.50 | 4.32 | 12.86 | |||
| ROAD | 1.65 | 0.08 | 0.05 | 0.11 | 2.34 | 3.22 | 10.85 | |||
| TPC | 2.96 | 0.96 | 0.40 | 0.39 | 2.05 | 7.76 | 34.16 |
View Orbital Energy Related Equities
| Risk & Return | Correlation |
Orbital Energy Corporate Management
Elected by the shareholders, the Orbital Energy's board of directors comprises two types of representatives: Orbital Energy inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Orbital. The board's role is to monitor Orbital Energy's management team and ensure that shareholders' interests are well served. Orbital Energy'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, Orbital Energy's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Nicholas Grindstaff | Chief Officer | Profile | |
| James III | Vice CEO | Profile | |
| Nicholas Clough | VP Director | Profile | |
| Deborah Moen | VP Sec | Profile | |
| Daniel Ford | Ex VP | Profile | |
| Larry Rightmyer | Director Services | Profile | |
| Terry Williams | Project Device | Profile |
Still Interested in Orbital Energy Group?
Investing in delisted delisted stocks can be risky, as the stock 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.
Check out Your Equity Center to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. You can also try the Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.
Other Consideration for investing in Orbital Stock
If you are still planning to invest in Orbital Energy Group check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Orbital Energy's history and understand the potential risks before investing.
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