An updated analysis using about 1.5 million events recorded at $\sqrt{s} = M_Z$ with the DELPHI detector in 1994 is presented. Eighteen infrared and collinear safe event shape observables are measured as a function of the polar angle of the thrust axis. The data are compared to theoretical calculations in ${\cal O} (\alpha_s^2)$ including the event orientation. A combined fit of $\alpha_s$ and of the renormalization scale $x_{\mu}$ in $\cal O(\alpha_s^2$) yields an excellent description of the high statistics data. The weighted average from 18 observables including quark mass effects and correlations is $\alpha_s(M_Z^2) = 0.1174 \pm 0.0026$. The final result, derived from the jet cone energy fraction, the observable with the smallest theoretical and experimental uncertainty, is $\alpha_s(M_Z^2) = 0.1180 \pm 0.0006 (exp.) \pm 0.0013 (hadr.) \pm 0.0008 (scale) \pm 0.0007 (mass)$. Further studies include an $\alpha_s$ determination using theoretical predictions in the next-to-leading log approximation (NLLA), matched NLLA and $\cal O(\alpha_s^2$) predictions as well as theoretically motivated optimized scale setting methods. The influence of higher order contributions was also investigated by using the method of Pad\'{e} approximants. Average $\alpha_s$ values derived from the different approaches are in good agreement.
Energy Energy Correlation EEC.
Asymmetry of the Energy Energy Correlation AEEC.
Jet Cone Energy Fraction.
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