Orascom Construction's market value is the price at which a share of Orascom Construction trades on a public exchange. It measures the collective expectations of Orascom Construction PLC investors about its performance. Orascom Construction is trading at 288.50 as of the 11th of December 2024. This is a 0.52 percent decrease since the beginning of the trading day. The stock's lowest day price was 288.5. With this module, you can estimate the performance of a buy and hold strategy of Orascom Construction PLC and determine expected loss or profit from investing in Orascom Construction over a given investment horizon. Check out Your Equity Center to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Symbol
Orascom
Orascom Construction '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 Orascom Construction's 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 Orascom Construction.
0.00
11/11/2024
No Change 0.00
0.0
In 30 days
12/11/2024
0.00
If you would invest 0.00 in Orascom Construction on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding Orascom Construction PLC or generate 0.0% return on investment in Orascom Construction over 30 days.
Orascom Construction 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 Orascom Construction's 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 Orascom Construction PLC upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Orascom Construction's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Orascom Construction's standard deviation. In reality, there are many statistical measures that can use Orascom Construction historical prices to predict the future Orascom Construction's volatility.
Orascom Construction appears to be very steady, given 3 months investment horizon. Orascom Construction PLC maintains Sharpe Ratio (i.e., Efficiency) of 0.13, which implies the firm had a 0.13% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Orascom Construction PLC, which you can use to evaluate the volatility of the company. Please evaluate Orascom Construction's Coefficient Of Variation of 964.7, semi deviation of 1.19, and Risk Adjusted Performance of 0.0817 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Orascom Construction holds a performance score of 10. The company holds a Beta of 0.12, which implies not very significant fluctuations relative to the market. As returns on the market increase, Orascom Construction's returns are expected to increase less than the market. However, during the bear market, the loss of holding Orascom Construction is expected to be smaller as well. Please check Orascom Construction's downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Orascom Construction's historical price patterns will revert.
Auto-correlation
0.71
Good predictability
Orascom Construction PLC has good predictability. Overlapping area represents the amount of predictability between Orascom Construction time series from 11th of November 2024 to 26th of November 2024 and 26th of November 2024 to 11th of December 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 Orascom Construction PLC price movement. The serial correlation of 0.71 indicates that around 71.0% of current Orascom Construction price fluctuation can be explain by its past prices.
Correlation Coefficient
0.71
Spearman Rank Test
0.65
Residual Average
0.0
Price Variance
10.22
Orascom Construction PLC lagged returns against current returns
Autocorrelation, which is Orascom Construction 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 Orascom Construction's stock expected returns. We can calculate the autocorrelation of Orascom Construction returns to help us make a trade decision. For example, suppose you find that Orascom Construction 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
Orascom Construction 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 Orascom Construction stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Orascom Construction stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Orascom Construction stock over time.
Current vs Lagged Prices
Timeline
Orascom Construction Lagged Returns
When evaluating Orascom Construction's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Orascom Construction stock have on its future price. Orascom Construction 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, Orascom Construction autocorrelation shows the relationship between Orascom Construction stock current value and its past values and can show if there is a momentum factor associated with investing in Orascom Construction PLC.
Regressed Prices
Timeline
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.