ORMAT TECHNOLOGIES, INC.

53.91 +0.33 (+0.62%) Buy

Looking to invest in ORA? Consider it, because it ranked better than it's peers

13 min read

ORMAT TECHNOLOGIES, INC. ranked better than it's peers on Wednesday. It delivered +0.62% to close at 53.91. On a day when the overall market breadth was 35%, it closed higher than 8% of the market. In comparison, the benchmark SP500 index closed today at +0.54%.

[Themes containing ORA]

ORA showed a bearish trend over the last 3 months. During this period ORA fell by -3.44% and saw a maximum drawdown of -14.37%. It has been unusually choppy during this period. Long term investors are better off avoiding investing in ORA till volatility reduces and a clear trend emerges.

Trend

ORA has been outperforming the SP500 index in recent time. It showed significant underperformance (compared to the SP500 index) from 31 Jan, 2018 to 8 Aug, 2018. Over the last 2 years 11 months and 8 days, ORA outperformed the SP500 index on 55% days.

During the last three months ORA delivered profits on 57% days. However, it still managed to end this period in a loss. It's best return during this period (of +7.37%) was on Wednesday, 7 Nov, 2018. While it's worst loss in the same period (of -9.57%) was on Tuesday, 6 Nov, 2018. The longest stort-term trend during this period was 6 profitable days, which started on 26 Nov, 2018 and went on till 3 Dec, 2018. This bullish trend returned +6.84% to investors.

During the last year ORA had 6 profitable months and 6 loss making months. ORA returned profits in fewer months than SP500 index. ORA was also a more risky investment than SP500 index as it's worst month in the last year, Feb 2018, returned -10.7% compared to -7.28% returned by SP500 index in Oct 2018. ORA had a shorter streak of profitable months than SP500 index. It only went up in 2 straight months during the last year. It is interesting to note that both ORA and SP500 index significantly outperform during months when quarterly/annual results are announced.

Buy when everyone else is selling and hold until everyone else is buying. That's not just a catchy slogan. It's the very essence of successful investing.
-- J. Paul Getty

ORA is currently seeing overall increase in volatility. In comparison, the SP500 index is seeing increase in volatility. During the last three months, there was a significant surge in ORA's volatility from 14 Sep, 2018 to 7 Nov, 2018. While there was a significant surge in the SP500 index's volatility from 13 Sep, 2018 to 29 Oct, 2018.

Advanced/professional short-term investors should note that ORA has negative skewness in it's return distribution. This indicates that investors may need to stay invested through long periods of drawdown before expecting a recovery.

SP500 index has more chance of extreme outcomes than ORA. Therefore, SP500 must receive a lower allocation than ORA in your portfolio. SP500 index usually has shorter drawdown period than ORA.

Based on your interest in ORA you may find it interesting to know that EPIX, AYTU and AMRH have all shown remarkable performance and qualify to be on every investor's watchlist.

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