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

ORA -- Israel Stock  

ILS 20,400  160.00  0.79%

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 Your Equity Center.
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
 20,400 30 days 20,400  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 0.0382 . This implies as returns on market go up, Ormat Technologies average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Ormat Technologies will be expected to be much smaller as well. Additionally Ormat Technologies has an alpha of 0.0493 implying that it can potentially generate 0.0493% excess return over DOW after adjusting for the inherited market risk (beta).
 Ormat Technologies Price Density 
      Price 
α
Alpha over DOW
=0.049251
β
Beta against DOW=0.0382
σ
Overall volatility
=6,676
Ir
Information ratio =0.26

Ormat Technologies Alerts

Ormat Technologies Alerts and Suggestions

Ormat Technologies is not yet fully synchronised with the market data
Ormat Technologies appears to be very risky and stock price may revert if volatility continues
Ormat Technologies has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations

Price Density Drivers

Ormat Technologies Health Indicators

Trailing Annual Dividend Rate0.53
Float Shares50.65M
Additionally take a look at Your Equity Center. Please also try Theme Ratings module to determine theme ratings based on digital equity recommendations. macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
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