Orbital Story

<div class='circular--portrait' style='background:#689CFD;color: #ffffff;font-size:4em;'>OE</div>
OEG -- USA Stock  

USD 1.31  0.02  1.55%

It looks like Dominion Energy will continue to recover much faster as its share price surged up 0.41% today to Orbital Energy's 6.0241%. As many rational traders are trying to avoid utilities space, it makes sense to digest Orbital Energy Group a little further and understand how it stands against Dominion Energy and other similar entities. We are going to discuss some of the competitive aspects of both Orbital and Dominion.
Published over two weeks ago
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Are Orbital (NASDAQ:OEG) shareholders shifting to Dominion (NYSE:D)?
By analyzing existing basic indicators between Orbital Energy and Dominion, you can compare the effects of market volatilities on both companies' prices and check if they can diversify away market risk if combined in one of your portfolios. You can also utilize pair trading strategies for matching a long position in Dominion with a short position in Orbital Energy. Check out our pair correlation module for more information.

Let's begin by analyzing the assets. The asset utilization indicator refers to the revenue earned for every dollar of assets a company currently reports. Orbital Energy has an asset utilization ratio of 34.99 percent. This indicates that the company is making $0.35 for each dollar of assets. An increasing asset utilization means that Orbital Energy Group is more efficient with each dollar of assets it utilizes for everyday operations.
Out of tens of thousands of stocks, funds, and ETFs that trade on global exchanges each represent an individual company which you can analyze using comparative analysis. To determine which one of the two companies, such as Orbital or Dominion is a better fit for your portfolio, analyzing a few basic fundamental indicators is a good first step.

How important is Orbital Energy's Liquidity

Orbital Energy financial leverage refers to using borrowed capital as a funding source to finance Orbital Energy Group ongoing operations. It is usually used to expand the firm's asset base and generate returns on borrowed capital. Orbital Energy financial leverage is typically calculated by taking the company's all interest-bearing debt and dividing it by total capital. So the higher the debt-to-capital ratio (i.e., financial leverage), the riskier the company. Please check the breakdown between Orbital Energy's total debt and its cash.

Correlation Between Orbital and Dominion Energy

In general, stock analysis is a method for investors and traders to make individual buying and selling decisions. Stock correlation analysis is also essential because it can help investors realize that they may not be as diversified as they think. Risk management strategies are usually required to make sure all portfolios are properly aligned against their risk tolerance level. You can consider holding Orbital Energy together with similar or unrelated positions with a negative correlation. For example, you can also add Dominion Energy to your portfolio. If Dominion Energy is not perfectly correlated to Orbital Energy it will diversify some of the market risks out of the positively correlated stocks in your portfolio. However, the disadvantage of this sort of hedging is that it can potentially affect your investment returns throughout market cycles. When Orbital Energy for example, for example, performs excellent and delivers stable returns, the negatively correlated position you locked in as a hedge may drag your returns down. Please check pair correlation details between OEG and D for more information.

Note

Are you currently holding both Orbital Energy and Dominion Energy in your portfolio? Please note if you are using this as a pair-trade strategy between Orbital Energy and Dominion Energy, watch out for correlation discrepancy over time. Relying on the historical price correlations and assuming that it will not change may lead to short-term losses.

Detailed Perspective On Orbital Energy

Revenue is income that a firm generates from business activities such us rendering services or selling goods to customers. It is a crucial part of a business and an essential item when evaluating a company's financial statements. Revenues from a firm's primary business operations can be reported on the income statement as sales revenue, net sales, or simply sales, depending on the industry in which a given company operates.
Revenue is typically recorded when cash or cash equivalents are exchanged for services or goods and can include product or services discounts, promotions, as well as early payments on invoices or services rendered in advance.

Revenue Breakdown

Let me now analyze Orbital Energy revenue. Based on the latest financial disclosure, Orbital Energy Group reported 25.23 M of revenue. This is 99.36% lower than that of the Utilities sector and significantly higher than that of the Utilities?Diversified industry. The revenue for all United States stocks is 99.73% higher than that of Orbital Energy. As for Dominion Energy we see revenue of 16.72 B, which is much higher than that of the Utilities?Diversified

D
16.7 B
OEG25.23 Million0.15
Sector0.00.0
D16.72 Billion99.85

Our perspective of the latest Orbital Energy surge

Standard deviation is down to 17.25. It may indicate a possible volatility dip. As of the 15th of November 2020, Orbital Energy holds the Semi Deviation of 12.31, risk adjusted performance of 0.1286, and Coefficient Of Variation of 1021.47. Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Orbital Energy, as well as the relationship between them. Put it differently, you can use this information to find out if the company will indeed mirror its model of past market data, or the prices will eventually revert. We were able to interpolate and analyze data for nineteen technical drivers for Orbital Energy Group, which can be compared to its competitors. Please check Orbital Energy Group standard deviation and the relationship between the treynor ratio and kurtosis to decide if Orbital Energy Group is priced some-what accurately, providing market reflects its current price of 0.88 per share. Given that Orbital Energy is a hitting penny stock territory we advise to closely look at its total risk alpha.

Our Final Take On Orbital Energy

Although many of the other players within the utilities?diversified industry are still a little expensive, even after the recent corrections, Orbital Energy may offer a potential longer-term growth to shareholders. The inconsistency in the assessment between current Orbital valuation and our trade advice on Orbital Energy is due to the recent market swings and your selection of investing horizon. Please use our equity advice module to run different scenarios to ensure your current risk level and investment horizon are fully reflective of your current investing preferences in regards to Orbital Energy.

About Contributor

This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Vlad Skutelnik do not own shares of Orbital Energy Group. Please refer to our Terms of Use for any information regarding our disclosure principles.

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