Orbit Technologies (Israel) Market Value
| ORBI Stock | ILA 2,634 21.00 0.79% |
| Symbol | Orbit |
Orbit Technologies '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 Orbit Technologies' 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 Orbit Technologies.
| 04/03/2024 |
| 05/03/2024 |
If you would invest 0.00 in Orbit Technologies on April 3, 2024 and sell it all today you would earn a total of 0.00 from holding Orbit Technologies or generate 0.0% return on investment in Orbit Technologies over 30 days. Orbit Technologies is related to or competes with Nice, Bank Leumi, Teva Pharmaceutical, Bank Hapoalim, and Bezeq Israeli. Orbit Technologies Ltd provides airborne communications, and satellite-tracking maritime and ground-station solutions in... More
Orbit Technologies 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 Orbit Technologies' 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 Orbit Technologies upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.63 | |||
| Information Ratio | 0.0029 | |||
| Maximum Drawdown | 17.08 | |||
| Value At Risk | (3.50) | |||
| Potential Upside | 3.2 |
Orbit Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Orbit Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Orbit Technologies' standard deviation. In reality, there are many statistical measures that can use Orbit Technologies historical prices to predict the future Orbit Technologies' volatility.| Risk Adjusted Performance | 0.0243 | |||
| Jensen Alpha | 0.0682 | |||
| Total Risk Alpha | (0.11) | |||
| Sortino Ratio | 0.0026 | |||
| Treynor Ratio | (0.14) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Orbit 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.
Orbit Technologies Backtested Returns
Orbit Technologies maintains Sharpe Ratio (i.e., Efficiency) of -0.0609, which implies the firm had a -0.0609% return per unit of risk over the last 3 months. Orbit Technologies exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Orbit Technologies' Semi Deviation of 2.4, coefficient of variation of 3764.48, and Risk Adjusted Performance of 0.0243 to confirm the risk estimate we provide. The company holds a Beta of -0.36, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Orbit Technologies are expected to decrease at a much lower rate. During the bear market, Orbit Technologies is likely to outperform the market. Orbit Technologies has an expected return of -0.13%. Please make sure to check Orbit Technologies semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and standard deviation , to decide if Orbit Technologies performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.55 |
Modest predictability
Orbit Technologies has modest predictability. Overlapping area represents the amount of predictability between Orbit Technologies time series from 3rd of April 2024 to 18th of April 2024 and 18th of April 2024 to 3rd of May 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 Orbit Technologies price movement. The serial correlation of 0.55 indicates that about 55.0% of current Orbit Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.55 | |
| Spearman Rank Test | -0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 76.89 |
Orbit Technologies lagged returns against current returns
Autocorrelation, which is Orbit Technologies 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 Orbit Technologies' stock expected returns. We can calculate the autocorrelation of Orbit Technologies returns to help us make a trade decision. For example, suppose you find that Orbit Technologies 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 price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Orbit Technologies 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 Orbit Technologies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Orbit Technologies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Orbit Technologies stock over time.
Current vs Lagged Prices |
| Timeline |
Orbit Technologies Lagged Returns
When evaluating Orbit Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Orbit Technologies stock have on its future price. Orbit Technologies 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, Orbit Technologies autocorrelation shows the relationship between Orbit Technologies stock current value and its past values and can show if there is a momentum factor associated with investing in Orbit Technologies.
Regressed Prices |
| Timeline |
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Complementary Tools for Orbit Stock analysis
When running Orbit Technologies' price analysis, check to measure Orbit 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 Orbit Technologies is operating at the current time. Most of Orbit Technologies' value examination focuses on studying past and present price action to predict the probability of Orbit Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Orbit Technologies' price. Additionally, you may evaluate how the addition of Orbit Technologies to your portfolios can decrease your overall portfolio volatility.
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Orbit Technologies technical 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.