Ormat Technologies (Israel) Backtesting

ORA -- Israel Stock  

ILS 21,550  210.00  0.97%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of Ormat Technologies and determine expected loss or profit from investing in Ormat Technologies over given investment horizon. Additionally take a look at Ormat Technologies Hype Analysis, Ormat Technologies Correlation, Ormat Technologies Valuation, Ormat Technologies Volatility as well as analyze Ormat Technologies Alpha and Beta and Ormat Technologies Performance.
Horizon     30 Days    Login   to change

Ormat Technologies 'What if' Analysis

March 27, 2019
No Change 0.00  0.0%
In 2 months and 1 day
May 26, 2019
If you would invest  0.00  in Ormat Technologies on March 27, 2019 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 60 days. Ormat Technologies is related to or competes with Internet Gold, Equital Ltd, Shufersal Ltd, Elco Ltd, and Partner Communications. Ormat Technologies, Inc. engages in the geothermal and recovered energy power business in the United States, Indonesia, ...

Ormat Technologies Upside/Downside Indicators

Maximum Drawdown2.28
Potential Upside1.0

Ormat Technologies Market Premium Indicators

Risk Adjusted Performance0.01

Ormat Technologies Backtested Returns

Macroaxis considers Ormat Technologies very steady given 2 months investment horizon. Ormat Technologies maintains Sharpe Ratio (i.e. Efficiency) of 0.1703 which implies the corporation had 0.1703% of return per unit of risk over the last 2 months. Our philosophy towards forecasting volatility of a stock is to use all available market data together with stock specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for Ormat Technologies which you can use to evaluate future volatility of the company. Please employ Ormat Technologies Risk Adjusted Performance of 0.01 and Coefficient Of Variation of 510.28 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100 Ormat Technologies holds performance score of 11. The organization holds Beta of 0.0 which implies the returns on MARKET and Ormat Technologies are completely uncorrelated. Although it is extremely important to respect Ormat Technologies current trending patterns, it is better to be realistic regarding the information on equity existing price patterns. The philosophy towards forecasting future performance of any stock is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators. By analyzing Ormat Technologies technical indicators you can presently evaluate if the expected return of 0.2014% will be sustainable into the future. Please employ Ormat Technologies Value At Risk, and the relationship between Jensen Alpha and Semi Variance to make a quick decision on weather Ormat Technologies historical price patterns will revert.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.56 
correlation synergy

Modest predictability

Ormat Technologies has modest predictability. Overlapping area represents the amount of predictability between Ormat Technologies time series from March 27, 2019 to April 26, 2019 and April 26, 2019 to May 26, 2019. 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 0.56 indicates that roughly 56.0% of current Ormat Technologies price fluctuation can be explain by its past prices.
Correlation Coefficient0.56
Spearman Rank Test0.73
Residual Average0.0
Price Variance161524.95

Ormat Technologies lagged returns against current returns

 Current and Lagged Values 

Ormat Technologies regressed lagged prices vs. current prices

 Current vs Lagged Prices 

Ormat Technologies Lagged Returns

 Regressed Prices 

Current Sentiment - ORA

Ormat Technologies Investor Sentiment

Macroaxis portfolio users are evenly split in their perspective on investing in Ormat Technologies. What is your perspective on investing in Ormat Technologies? Are you bullish or bearish?
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Additionally take a look at Ormat Technologies Hype Analysis, Ormat Technologies Correlation, Ormat Technologies Valuation, Ormat Technologies Volatility as well as analyze Ormat Technologies Alpha and Beta and Ormat Technologies Performance. Please also try Premium Stories module to follow macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
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