Orsted OTC Stock Market Value

DNNGY -  USA Stock  

USD 45.86  0.41  0.90%

Orsted ADR's market value is the price at which a share of Orsted ADR stock trades on a public exchange. It measures the collective expectations of Orsted ADR investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Orsted ADR and determine expected loss or profit from investing in Orsted ADR over a given investment horizon. Continue to Orsted ADR Hype Analysis, Orsted ADR Correlation, Orsted ADR Valuation, Orsted ADR Volatility, as well as analyze Orsted ADR Alpha and Beta and Orsted ADR Performance.
Symbol
Backtest


The market value of Orsted ADR is measured differently than its book value, which is the value of Orsted that is recorded on the company's balance sheet. Investors also form their own opinion of Orsted ADR's value that differs from its market value or its book value, called intrinsic value, which is Orsted ADR's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Orsted ADR's market value can be influenced by many factors that don't directly affect Orsted ADR underlying business (such as pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Orsted ADR's value and its price as these two are different measures arrived at by different means. Investors typically determine Orsted ADR value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Orsted ADR's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Orsted ADR '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 ADR's otc stock 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 ADR.
0.00
09/16/2021
No Change 0.00  0.0 
In 31 days
10/16/2021
0.00
If you would invest  0.00  in Orsted ADR on September 16, 2021 and sell it all today you would earn a total of 0.00 from holding Orsted ADR or generate 0.0% return on investment in Orsted ADR over 30 days. Orsted ADR is related to or competes with Verbund Ag, China Longyuan, and China Longyuan. rsted AS, together with its subsidiaries, develops, constructs, owns, and operates offshore and onshore wind farms, sola...

Orsted ADR 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 ADR's otc stock 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 ADR upside and downside potential and time the market with a certain degree of confidence.

Orsted ADR Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Orsted ADR's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Orsted ADR's standard deviation. In reality, there are many statistical measures that can use Orsted ADR historical prices to predict the future Orsted ADR's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Orsted ADR'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. Please use the tools below to analyze the current value of Orsted ADR in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
44.0745.8947.71
Details
Intrinsic
Valuation
LowReal ValueHigh
45.7447.5649.38
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Naive
Forecast
LowNext ValueHigh
44.5846.4048.23
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Bollinger
Band Projection (param)
LowerMiddle BandUpper
42.7945.4848.17
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Please note, it is not enough to conduct a financial or market analysis of a single entity such as Orsted ADR. Your research has to be compared to or analyzed against Orsted ADR's peers to derive any actionable benefits. When done correctly, Orsted ADR's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Orsted ADR.

Orsted ADR Backtested Returns

Orsted ADR maintains Sharpe Ratio (i.e., Efficiency) of -0.033, which implies the firm had -0.033% of return per unit of risk over the last 3 months. Macroaxis standpoint towards forecasting the risk of any stock is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. Orsted ADR exposes twenty-eight different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to check Orsted ADR risk adjusted performance of (0.019265), and Coefficient Of Variation of (3,166) to confirm the risk estimate we provide.
The company holds a Beta of 0.2722, which implies not very significant fluctuations relative to the market. Let's try to break down what Orsted's beta means in this case. As returns on the market increase, Orsted ADR returns are expected to increase less than the market. However, during the bear market, the loss on holding Orsted ADR will be expected to be smaller as well. Even though it is essential to pay attention to Orsted ADR current trending patterns, it is always good to be careful when utilizing equity existing price patterns. Our philosophy towards forecasting any stock's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Orsted ADR exposes twenty-eight different technical indicators, which can help you to evaluate its performance. Orsted ADR has an expected return of -0.0601%. Please be advised to check Orsted ADR potential upside, as well as the relationship between the accumulation distribution and price action indicator to decide if Orsted ADR performance from the past will be repeated at some point in the near future.
AdviceVolatility TrendExposureCorrelations

Auto-correlation

    
  (0.71)   

Almost perfect reverse predictability

Orsted ADR has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Orsted ADR time series from 16th of September 2021 to 1st of October 2021 and 1st of October 2021 to 16th of October 2021. 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 ADR price movement. The serial correlation of -0.71 indicates that around 71.0% of current Orsted ADR price fluctuation can be explain by its past prices. Given that Orsted ADR has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Orsted ADR for similar time interval.
Correlation Coefficient-0.71
Spearman Rank Test-0.09
Residual Average0.0
Price Variance0.74

Orsted ADR lagged returns against current returns

Autocorrelation, which is Orsted ADR otc stock'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 ADR's otc stock expected returns. We can calculate the autocorrelation of Orsted ADR returns to help us make a trade decision. For example, suppose you find that Orsted ADR otc stock has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the stock movement to match the lagging time series.
 Current and Lagged Values 
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Orsted ADR 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 ADR otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Orsted ADR otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Orsted ADR otc stock over time.
 Current vs Lagged Prices 
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      Timeline 

Orsted ADR Lagged Returns

When evaluating Orsted ADR's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Orsted ADR otc stock have on its future price. Orsted ADR 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 ADR autocorrelation shows the relationship between Orsted ADR otc stock current value and its past values and can show if there is a momentum factor associated with investing in Orsted ADR.
 Regressed Prices 
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      Timeline 

Orsted ADR Investors Sentiment

The influence of Orsted ADR's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Orsted. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.

Current Sentiment - DNNGY

Orsted ADR Investor Sentiment

Macroaxis portfolio users are insensible in their opinion about investing in Orsted ADR. What is your perspective on investing in Orsted ADR? Are you bullish or bearish?
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Bearish
50% Bullish
50% Bearish
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Pair Trading with Orsted ADR

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 ADR 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 ADR will appreciate offsetting losses from the drop in the long position's value.

Orsted ADR Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for Orsted ADR and Verbund Ag ADR. Pair trading can be used as a hedging technique within a particular sector or industry or even over random equities to generate better risk-adjusted return
Run Pair Correlation  
Continue to Orsted ADR Hype Analysis, Orsted ADR Correlation, Orsted ADR Valuation, Orsted ADR Volatility, as well as analyze Orsted ADR Alpha and Beta and Orsted ADR Performance. Note that the Orsted ADR information on this page should be used as a complementary analysis to other Orsted ADR'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 Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.

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When running Orsted ADR price analysis, check to measure Orsted ADR'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 ADR is operating at the current time. Most of Orsted ADR's value examination focuses on studying past and present price action to predict the probability of Orsted ADR's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Orsted ADR's price. Additionally, you may evaluate how the addition of Orsted ADR to your portfolios can decrease your overall portfolio volatility.
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Orsted ADR technical otc stock 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, stock market cycles, or different charting patterns.
A focus of Orsted ADR technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Orsted ADR trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...