Borr Drilling Correlations
| BORR Stock | USD 3.13 0.14 4.28% |
The correlation of Borr Drilling 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.
Borr Drilling Correlation With Market
Good diversification
The correlation between Borr Drilling and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Borr Drilling and DJI in the same portfolio, assuming nothing else is changed.
Borr |
Moving together with Borr Stock
Moving against Borr Stock
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| 0.57 | AM | Antero Midstream Partners | PairCorr |
| 0.53 | AE | Adams Resources Energy | PairCorr |
| 0.53 | AR | Antero Resources Corp | PairCorr |
| 0.5 | TS | Tenaris SA ADR Earnings Call This Week | PairCorr |
| 0.41 | SOC | Sable Offshore Corp Symbol Change | PairCorr |
| 0.36 | DNOW | Now Inc | PairCorr |
| 0.31 | EE | Excelerate Energy | PairCorr |
| 0.77 | CQP | Cheniere Energy Partners Earnings Call This Week | PairCorr |
| 0.53 | BKV | BKV Corporation | PairCorr |
| 0.47 | BKR | Baker Hughes | PairCorr |
| 0.45 | BRN | Barnwell Industries | PairCorr |
Related Correlations Analysis
| 0.0 | 0.47 | 0.82 | 0.64 | 0.88 | NE | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | DO | ||
| 0.47 | 0.0 | 0.07 | -0.2 | 0.22 | PTEN | ||
| 0.82 | 0.0 | 0.07 | 0.84 | 0.93 | NBR | ||
| 0.64 | 0.0 | -0.2 | 0.84 | 0.77 | SDRL | ||
| 0.88 | 0.0 | 0.22 | 0.93 | 0.77 | RIG | ||
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Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Borr Stock performing well and Borr Drilling Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Borr Drilling's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| NE | 1.58 | (0.24) | 0.00 | (0.44) | 0.00 | 3.21 | 8.88 | |||
| DO | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| PTEN | 2.09 | 0.15 | 0.06 | 0.21 | 2.40 | 4.19 | 12.74 | |||
| NBR | 2.50 | (0.79) | 0.00 | (0.95) | 0.00 | 5.70 | 14.60 | |||
| SDRL | 1.61 | (0.37) | 0.00 | (0.86) | 0.00 | 3.10 | 10.38 | |||
| RIG | 2.21 | (0.33) | 0.00 | (0.61) | 0.00 | 4.52 | 10.57 |
Borr Drilling Corporate Management
| Andreas Lie | VP IR | Profile | |
| Mi Yoon | Company Secretary, Director | Profile | |
| Tor Troim | Vice Chairman of the Board | Profile | |
| Jan Rask | Independent Director | Profile | |
| Neil Glass | Independent Director | Profile | |
| Paal Kibsgaard | Chairman of the Board | Profile |