Orsted AS (Denmark) Market Value
| ORSTED Stock | DKK 391.80 3.60 0.91% |
| Symbol | Orsted |
Orsted AS '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 AS'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 Orsted AS.
| 05/06/2024 |
| 12/02/2024 |
If you would invest 0.00 in Orsted AS on May 6, 2024 and sell it all today you would earn a total of 0.00 from holding Orsted AS or generate 0.0% return on investment in Orsted AS over 210 days. Orsted AS is related to or competes with Ringkjoebing Landbobank, Nordfyns Bank, PARKEN Sport, Vestjysk Bank, NTG Nordic, and Fynske Bank. rsted AS, together with its subsidiaries, develops, constructs, and operates offshore wind farms, bioenergy plants, and ... More
Orsted AS 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 AS'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 Orsted AS upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.89 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 18.8 | |||
| Value At Risk | (3.29) | |||
| Potential Upside | 4.06 |
Orsted AS Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Orsted AS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Orsted AS's standard deviation. In reality, there are many statistical measures that can use Orsted AS historical prices to predict the future Orsted AS's volatility.| Risk Adjusted Performance | 0.0187 | |||
| Jensen Alpha | 0.0348 | |||
| Total Risk Alpha | (0.41) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | (0.77) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Orsted AS'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 Backtested Returns
At this point, Orsted AS is very steady. Orsted AS maintains Sharpe Ratio (i.e., Efficiency) of 0.0037, which implies the firm had a 0.0037% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Orsted AS, which you can use to evaluate the volatility of the company. Please check Orsted AS's Coefficient Of Variation of 6613.17, semi deviation of 2.84, and Risk Adjusted Performance of 0.0187 to confirm if the risk estimate we provide is consistent with the expected return of 0.0099%. The company holds a Beta of -0.0386, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Orsted AS are expected to decrease at a much lower rate. During the bear market, Orsted AS is likely to outperform the market. Orsted AS right now holds a risk of 2.65%. Please check Orsted AS potential upside, as well as the relationship between the kurtosis and day typical price , to decide if Orsted AS will be following its historical price patterns.
Auto-correlation | -0.62 |
Very good reverse predictability
Orsted AS has very good reverse predictability. Overlapping area represents the amount of predictability between Orsted AS time series from 6th of May 2024 to 19th of August 2024 and 19th of August 2024 to 2nd 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 Orsted AS price movement. The serial correlation of -0.62 indicates that roughly 62.0% of current Orsted AS price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.62 | |
| Spearman Rank Test | 0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 717.76 |
Orsted AS lagged returns against current returns
Autocorrelation, which is Orsted AS 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 AS's stock expected returns. We can calculate the autocorrelation of Orsted AS returns to help us make a trade decision. For example, suppose you find that Orsted AS 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 |
Orsted AS 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 AS stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Orsted AS stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Orsted AS stock over time.
Current vs Lagged Prices |
| Timeline |
Orsted AS Lagged Returns
When evaluating Orsted AS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Orsted AS stock have on its future price. Orsted AS 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 AS autocorrelation shows the relationship between Orsted AS stock current value and its past values and can show if there is a momentum factor associated with investing in Orsted AS.
Regressed Prices |
| Timeline |
Pair Trading with Orsted AS
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 AS 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 AS will appreciate offsetting losses from the drop in the long position's value.Moving together with Orsted Stock
The ability to find closely correlated positions to Orsted AS 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 AS 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 AS - 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 to buy it.
The correlation of Orsted AS 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 AS moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Orsted AS 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 AS 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.Other Information on Investing in Orsted Stock
Orsted AS financial ratios help investors to determine whether Orsted Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Orsted with respect to the benefits of owning Orsted AS security.