Ormat Technologies (Israel) Probability of Target Price Finishing Over Current Price

ORA -- Israel Stock  

ILS 20,440  80.00  0.39%

Ormat Technologies probability of target price tool provides mechanism to make assumptions about upside and downside potential of Ormat Technologies performance during a given time horizon utilizing its historical volatility. Please specify Ormat Technologies time horizon, a valid symbol (red box) and a target price (blue box) you would like Ormat Technologies odds to be computed. Additionally take a look at Ormat Technologies Backtesting, Ormat Technologies Valuation, Ormat Technologies Correlation, Ormat Technologies Hype Analysis, Ormat Technologies Volatility, Ormat Technologies History as well as Ormat Technologies Performance.
Horizon     30 Days    Login   to change
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Ormat Technologies Target Price Odds to finish over

Current PriceHorizonTarget PriceOdds to move above current price in 30 days
 20,440 30 days 20,440  NEAR 1%
Based on normal probability distribution, the odds of Ormat Technologies to move above current price in 30 days from now is near 1% (This Ormat Technologies probability density function shows the probability of Ormat Technologies Stock to fall within a particular range of prices over 30 days) .
Assuming 30 trading days horizon, Ormat Technologies has beta of -0.0579 . This implies as returns on benchmark increase, returns on holding Ormat Technologies are expected to decrease at a much smaller rate. During bear market, however, Ormat Technologies is likely to outperform the market. Additionally The company has a negative alpha implying that the risk taken by holding this equity is not justified. Ormat Technologies is significantly underperforming DOW.
 Ormat Technologies Price Density 
      Price 
α
Alpha over DOW
=0.1
β
Beta against DOW=0.06
σ
Overall volatility
=6,042
Ir
Information ratio =0.22

Ormat Technologies Alerts and Suggestions

Ormat Technologies has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations

Ormat TechnologiesPrice Density Drivers

Trailing Annual Dividend Rate0.41
Float Shares50.68M
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