Ormat Technologies (Israel) Probability of Future Stock Price Finishing Over 18173.5
| ORA Stock | 23,200 1,050 4.33% |
Ormat |
Ormat Technologies Target Price Odds to finish over 18173.5
The tendency of Ormat Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to stay above 18,174 in 90 days |
| 23,200 | 90 days | 18,174 | close to 99 |
Based on a normal probability distribution, the odds of Ormat Technologies to stay above 18,174 in 90 days from now is close to 99 (This Ormat Technologies probability density function shows the probability of Ormat Stock to fall within a particular range of prices over 90 days) . Probability of Ormat Technologies price to stay between 18,174 and its current price of 23200.0 at the end of the 90-day period is about 14.89 .
Assuming the 90 days trading horizon Ormat Technologies has a beta of -0.0917. This indicates as returns on the benchmark increase, returns on holding Ormat Technologies are expected to decrease at a much lower rate. During a bear market, however, Ormat Technologies is likely to outperform the market. Additionally Ormat Technologies has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite. Ormat Technologies Price Density |
| Price |
Predictive Modules for Ormat Technologies
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Ormat Technologies. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.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 Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Ormat Technologies is not an exception. The market had few large corrections towards the Ormat Technologies' value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Ormat Technologies, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Ormat Technologies within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | -0.26 | |
β | Beta against NYSE Composite | -0.09 | |
σ | Overall volatility | 1,483 | |
Ir | Information ratio | -0.18 |
Ormat Technologies Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Ormat Technologies for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Ormat Technologies can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Ormat Technologies generated a negative expected return over the last 90 days | |
| Ormat Technologies has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| Over 89.0% of the company shares are owned by institutional investors |
Ormat Technologies Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Ormat Stock often depends not only on the future outlook of the current and potential Ormat Technologies' investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Ormat Technologies' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 56.1 M |
Ormat Technologies Technical Analysis
Ormat Technologies' future price can be derived by breaking down and analyzing its technical indicators over time. Ormat Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Ormat Technologies. In general, you should focus on analyzing Ormat Stock price patterns and their correlations with different microeconomic environments and drivers.
Ormat Technologies Predictive Forecast Models
Ormat Technologies' time-series forecasting models is one of many Ormat Technologies' stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Ormat Technologies' historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Ormat Technologies
Checking the ongoing alerts about Ormat Technologies for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Ormat Technologies help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Ormat Technologies generated a negative expected return over the last 90 days | |
| Ormat Technologies has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| Over 89.0% of the company shares are owned by institutional investors |
Check out 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. For information on how to trade Ormat Stock refer to our How to Trade Ormat Stock guide.Note that the Ormat Technologies information on this page should be used as a complementary analysis to other Ormat Technologies' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
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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