Orsted As Adr Stock Market Value
| DNNGY Stock | USD 18.08 0.18 0.99% |
| Symbol | Orsted |
Orsted A/S 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Orsted A/S's pink sheet what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Orsted A/S.
| 01/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in Orsted A/S on January 25, 2024 and sell it all today you would earn a total of 0.00 from holding Orsted AS ADR or generate 0.0% return on investment in Orsted A/S over 90 days. Orsted A/S is related to or competes with Brenmiller Energy. rsted AS, together with its subsidiaries, develops, constructs, owns, and operates offshore and onshore wind farms, sola... More
Orsted A/S Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Orsted A/S's pink sheet current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Orsted AS ADR upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 10.04 | |||
| Value At Risk | (3.69) | |||
| Potential Upside | 3.78 |
Orsted A/S Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Orsted A/S's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Orsted A/S's standard deviation. In reality, there are many statistical measures that can use Orsted A/S historical prices to predict the future Orsted A/S's volatility.| Risk Adjusted Performance | 8.0E-4 | |||
| Jensen Alpha | (0.1) | |||
| Total Risk Alpha | (0.33) | |||
| Treynor Ratio | (0.05) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Orsted A/S's 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.
Orsted AS ADR Backtested Returns
Orsted AS ADR maintains Sharpe Ratio (i.e., Efficiency) of -0.0019, which implies the firm had a -0.0019% return per unit of risk over the last 3 months. Orsted AS ADR exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Orsted A/S's Risk Adjusted Performance of 8.0E-4, coefficient of variation of (9,452), and Variance of 5.38 to confirm the risk estimate we provide. The company holds a Beta of 0.76, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Orsted A/S's returns are expected to increase less than the market. However, during the bear market, the loss of holding Orsted A/S is expected to be smaller as well. Orsted AS ADR has an expected return of -0.0046%. Please make sure to check Orsted AS ADR treynor ratio, accumulation distribution, as well as the relationship between the Accumulation Distribution and price action indicator , to decide if Orsted AS ADR performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.12 |
Insignificant reverse predictability
Orsted AS ADR has insignificant reverse predictability. Overlapping area represents the amount of predictability between Orsted A/S time series from 25th of January 2024 to 10th of March 2024 and 10th of March 2024 to 24th of April 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Orsted AS ADR price movement. The serial correlation of -0.12 indicates that less than 12.0% of current Orsted A/S price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.12 | |
| Spearman Rank Test | -0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 0.38 |
Orsted AS ADR lagged returns against current returns
Autocorrelation, which is Orsted A/S pink sheet's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Orsted A/S's pink sheet expected returns. We can calculate the autocorrelation of Orsted A/S returns to help us make a trade decision. For example, suppose you find that Orsted A/S has exhibited high autocorrelation historically, and you observe that the pink sheet is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Orsted A/S regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Orsted A/S pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Orsted A/S pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Orsted A/S pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Orsted A/S Lagged Returns
When evaluating Orsted A/S's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Orsted A/S pink sheet have on its future price. Orsted A/S autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Orsted A/S autocorrelation shows the relationship between Orsted A/S pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Orsted AS ADR.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Orsted A/S in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Orsted A/S's short interest history, or implied volatility extrapolated from Orsted A/S options trading.
Pair Trading with Orsted A/S
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Orsted A/S position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Orsted A/S will appreciate offsetting losses from the drop in the long position's value.Moving together with Orsted Pink Sheet
| 0.92 | DOGEF | Orsted A/S | PairCorr |
Moving against Orsted Pink Sheet
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| 0.45 | HPQ | HP Inc Sell-off Trend | PairCorr |
The ability to find closely correlated positions to Orsted A/S could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Orsted A/S when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Orsted A/S - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Orsted AS ADR to buy it.
The correlation of Orsted A/S is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Orsted A/S moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Orsted AS ADR moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Orsted A/S can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Orsted A/S Correlation, Orsted A/S Volatility and Orsted A/S Alpha and Beta module to complement your research on Orsted A/S. Note that the Orsted AS ADR information on this page should be used as a complementary analysis to other Orsted A/S's 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 Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.
Complementary Tools for Orsted Pink Sheet analysis
When running Orsted A/S's price analysis, check to measure Orsted A/S's 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 Orsted A/S is operating at the current time. Most of Orsted A/S's value examination focuses on studying past and present price action to predict the probability of Orsted A/S's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Orsted A/S's price. Additionally, you may evaluate how the addition of Orsted A/S to your portfolios can decrease your overall portfolio volatility.
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Orsted A/S technical pink sheet analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, pink sheet market cycles, or different charting patterns.