NorAm Drilling Financials
| NORAM Stock | 37.00 0.45 1.20% |
NorAm |
| Instrument | Norway Stock View All |
| Exchange | Oslo Stock Exchange |
| Business Address | Bryggegata 3, Oslo, |
| Sector | Energy |
| Industry | Oil & Gas Equipment & Services |
| Benchmark | Dow Jones Industrial |
| Website | www.noramdrilling.com |
| Phone | 47 23 11 40 00 |
You should never invest in NorAm Drilling without having analyzed its financial statements. Do not rely on someone else's analysis or guesses about the future performance of NorAm Stock, because this is throwing your money away. Analyzing the key information contained in NorAm Drilling's financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.
NorAm Drilling Key Financial Ratios
NorAm Drilling's financial ratios allow both analysts and investors to convert raw data from NorAm Drilling's financial statements into concise, actionable information that can be used to evaluate the performance of NorAm Drilling over time and compare it to other companies across industries.| Return On Equity | -0.36 | |||
| Return On Asset | -0.0141 | |||
| Target Price | 69.03 | |||
| Number Of Employees | 243 | |||
| Beta | -0.31 |
NorAm Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining NorAm Drilling's current stock value. Our valuation model uses many indicators to compare NorAm Drilling value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across NorAm Drilling competition to find correlations between indicators driving NorAm Drilling's intrinsic value. More Info.NorAm Drilling AS is considered to be number one stock in return on equity category among its peers. It also is considered to be number one stock in return on asset category among its peers . Comparative valuation analysis is a catch-all model that can be used if you cannot value NorAm Drilling by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for NorAm Drilling's Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.NorAm Drilling AS Systematic Risk
NorAm Drilling's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. NorAm Drilling volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was thirty-six with a total number of output elements of twenty-five. The Beta measures systematic risk based on how returns on NorAm Drilling AS correlated with the market. If Beta is less than 0 NorAm Drilling generally moves in the opposite direction as compared to the market. If NorAm Drilling Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one NorAm Drilling AS is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of NorAm Drilling is generally in the same direction as the market. If Beta > 1 NorAm Drilling moves generally in the same direction as, but more than the movement of the benchmark.
NorAm Drilling Thematic Clasifications
NorAm Drilling AS is part of Oil And Gas investing theme. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. Oil And Gas drilling, production, pipelines, and equipment. Companies involved in drilling, production, and distribution of oil and gas pipelines
This theme covers Oil And Gas drilling, production, pipelines, and equipment. Companies involved in drilling, production, and distribution of oil and gas pipelines. Get More Thematic Ideas
| Oil And Gas | View |
NorAm Drilling January 23, 2025 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of NorAm Drilling help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of NorAm Drilling AS. We use our internally-developed statistical techniques to arrive at the intrinsic value of NorAm Drilling AS based on widely used predictive technical indicators. In general, we focus on analyzing NorAm Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build NorAm Drilling's daily price indicators and compare them against related drivers.
| Downside Deviation | 1.65 | |||
| Information Ratio | 1.0E-4 | |||
| Maximum Drawdown | 8.09 | |||
| Value At Risk | (2.50) | |||
| Potential Upside | 4.06 |
Other Information on Investing in NorAm Stock
NorAm Drilling financial ratios help investors to determine whether NorAm 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 NorAm with respect to the benefits of owning NorAm Drilling security.