Odfjell Drilling (UK) Probability of Future Stock Price Finishing Over 49.6
| 0QHX Stock | 48.50 0.15 0.31% |
Odfjell |
Odfjell Drilling Target Price Odds to finish over 49.6
The tendency of Odfjell Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to move over 49.60 or more in 90 days |
| 48.50 | 90 days | 49.60 | about 88.12 |
Based on a normal probability distribution, the odds of Odfjell Drilling to move over 49.60 or more in 90 days from now is about 88.12 (This Odfjell Drilling probability density function shows the probability of Odfjell Stock to fall within a particular range of prices over 90 days) . Probability of Odfjell Drilling price to stay between its current price of 48.50 and 49.60 at the end of the 90-day period is about 9.48 .
Assuming the 90 days trading horizon Odfjell Drilling has a beta of 0.3. This suggests as returns on the market go up, Odfjell Drilling average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Odfjell Drilling will be expected to be much smaller as well. Additionally Odfjell Drilling has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Odfjell Drilling Price Density |
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Predictive Modules for Odfjell Drilling
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Odfjell Drilling. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Odfjell Drilling Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Odfjell Drilling is not an exception. The market had few large corrections towards the Odfjell Drilling's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Odfjell Drilling, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Odfjell Drilling within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.16 | |
β | Beta against Dow Jones | 0.30 | |
σ | Overall volatility | 1.38 | |
Ir | Information ratio | -0.13 |
Odfjell Drilling Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Odfjell Drilling for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Odfjell Drilling can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Odfjell Drilling generated a negative expected return over the last 90 days | |
| Odfjell Drilling has high likelihood to experience some financial distress in the next 2 years | |
| About 62.0% of the company shares are owned by insiders or employees | |
| Latest headline from news.google.com: Heres What We Like About Odfjell Drillings Upcoming Dividend - Simply Wall St |
Odfjell Drilling Technical Analysis
Odfjell Drilling's future price can be derived by breaking down and analyzing its technical indicators over time. Odfjell Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Odfjell Drilling. In general, you should focus on analyzing Odfjell Stock price patterns and their correlations with different microeconomic environments and drivers.
Odfjell Drilling Predictive Forecast Models
Odfjell Drilling's time-series forecasting models is one of many Odfjell Drilling's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Odfjell Drilling's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Odfjell Drilling
Checking the ongoing alerts about Odfjell Drilling for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Odfjell Drilling help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Odfjell Drilling generated a negative expected return over the last 90 days | |
| Odfjell Drilling has high likelihood to experience some financial distress in the next 2 years | |
| About 62.0% of the company shares are owned by insiders or employees | |
| Latest headline from news.google.com: Heres What We Like About Odfjell Drillings Upcoming Dividend - Simply Wall St |
Additional Tools for Odfjell Stock Analysis
When running Odfjell Drilling's price analysis, check to measure Odfjell Drilling's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Odfjell Drilling is operating at the current time. Most of Odfjell Drilling's value examination focuses on studying past and present price action to predict the probability of Odfjell Drilling's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Odfjell Drilling's price. Additionally, you may evaluate how the addition of Odfjell Drilling to your portfolios can decrease your overall portfolio volatility.