Ormat Technologies Stock Alpha and Beta Analysis

ORA Stock  USD 78.87  0.88  1.13%   
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Ormat Technologies. It also helps investors analyze the systematic and unsystematic risks associated with investing in Ormat Technologies over a specified time horizon. Remember, high Ormat Technologies' alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to Ormat Technologies' market risk premium analysis include:
Beta
0.96
Alpha
(0.02)
Risk
1.25
Sharpe Ratio
0.0494
Expected Return
0.062
Please note that although Ormat Technologies alpha is a measure of relative return and represented here as a single number, it indicates the percentage above or below your selected benchmark (i.e., Dow Jones Industrial index.) So in this particular case, Ormat Technologies did 0.02  worse than the index. Remember, a high alpha is always good. Beta, on the other hand, measures the volatility (or risk) of an investment. It is an indication of Ormat Technologies stock's relative risk over its benchmark. Ormat Technologies has a beta of 0.96  . Ormat Technologies returns are very sensitive to returns on the market. As the market goes up or down, Ormat Technologies is expected to follow. At present, Ormat Technologies' Book Value Per Share is projected to increase significantly based on the last few years of reporting. The current year's Tangible Book Value Per Share is expected to grow to 36.28, whereas Enterprise Value Over EBITDA is forecasted to decline to 15.70.

Ormat Technologies Quarterly Cash And Equivalents

78.08 Million

Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
  
Check out Ormat Technologies Backtesting, Ormat Technologies Valuation, Ormat Technologies Correlation, Ormat Technologies Hype Analysis, Ormat Technologies Volatility, Ormat Technologies History and analyze Ormat Technologies Performance.
For information on how to trade Ormat Stock refer to our How to Trade Ormat Stock guide.

Ormat Technologies Market Premiums

Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Ormat Technologies market risk premium is the additional return an investor will receive from holding Ormat Technologies long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Ormat Technologies. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Ormat Technologies' performance over market.
α-0.02   β0.96

Ormat Technologies expected buy-and-hold returns

Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Ormat Technologies' Buy-and-hold return. Our buy-and-hold chart shows how Ormat Technologies performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.

Ormat Technologies Market Price Analysis

Market price analysis indicators help investors to evaluate how Ormat Technologies stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Ormat Technologies shares will generate the highest return on investment. By understating and applying Ormat Technologies stock market price indicators, traders can identify Ormat Technologies position entry and exit signals to maximize returns.

Ormat Technologies Return and Market Media

The median price of Ormat Technologies for the period between Mon, Jul 29, 2024 and Sun, Oct 27, 2024 is 75.36 with a coefficient of variation of 2.72. The daily time series for the period is distributed with a sample standard deviation of 2.04, arithmetic mean of 75.22, and mean deviation of 1.69. The Stock received a lot of media exposure during the period.
 Price Growth (%)  
       Timeline  
1
Ormat Technologies Second Quarter 2024 Earnings Revenues Beat Expectations, EPS Lags
08/08/2024
2
Disposition of 1621 shares by Dafna Sharir of Ormat Technologies at 53.16 subject to Rule 16b-3
08/23/2024
3
Ormat Technologies executive trades company stock worth over 200k - Investing.com
08/27/2024
 
Ormat Technologies dividend paid on 3rd of September 2024
09/03/2024
4
Do Fundamentals Have Any Role To Play In Driving Ormat Technologies, Inc.s Stock Up Recently
09/06/2024
5
Insider Selling Orora Limited Insider Sells 150,000 Shares of Stock
09/16/2024
6
Disposition of 1266 shares by Byron Wong of Ormat Technologies at 74.98 subject to Rule 16b-3
09/20/2024
7
Those who invested in Ormat Technologies three years ago are up 16
09/26/2024
8
Geothermal Power Market to Grow by USD 9.12 Billion from 2024-2028, Driven by Rising Investments and Government Initiatives, with AI Powering Market Evolution -...
10/01/2024
9
Ormat Technologies Inc. Secures Land Parcels in Nevadas BLM Auction to Advance Future Geothermal Development
10/10/2024
10
Equilibrium Energy Signs New Battery Tolls, Enters California, Celebrates Its Market-Leading Battery Management Performance, Welcomes New Executive Hires, and C...
10/15/2024
11
With EPS Growth And More, Ormat Technologies Makes An Interesting Case
10/18/2024
12
Disposition of 2170 shares by Marom Michal of Ormat Technologies subject to Rule 16b-3
10/24/2024

About Ormat Technologies Beta and Alpha

For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Ormat or other stocks. Alpha measures the amount that position in Ormat Technologies has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
 2021 2023 2024 (projected)
Dividend Yield0.0060760.0063090.005126
Price To Sales Ratio6.75.433.49

Ormat Technologies Upcoming Company Events

As portrayed in its financial statements, the presentation of Ormat Technologies' financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Ormat Technologies' leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Ormat Technologies' public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Ormat Technologies. Please utilize our Beneish M Score to check the likelihood of Ormat Technologies' management manipulating its earnings.
21st of February 2024
Upcoming Quarterly Report
View
14th of May 2024
Next Financial Report
View
31st of December 2023
Next Fiscal Quarter End
View
21st of February 2024
Next Fiscal Year End
View
30th of September 2023
Last Quarter Report
View
31st of December 2022
Last Financial Announcement
View

Build Portfolio with Ormat Technologies

Your optimized portfolios are the building block of your wealth. We provide an intuitive interface to determine which securities in a portfolio should be removed or rebalanced to achieve better diversification, find the right mix of securities that minimizes portfolio risk for a given return, or maximize portfolio expected return for a given risk level.

Build Diversified Portfolios

Align your risk with return expectations

By capturing your risk tolerance and investment horizon Macroaxis technology of instant portfolio optimization will compute exactly how much risk is acceptable for your desired return expectations
When determining whether Ormat Technologies offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Ormat Technologies' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Ormat Technologies Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Ormat Technologies Stock:
Ormat 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.
A focus of Ormat Technologies technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Ormat Technologies 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...