ODFJELL DRILLLTD (Germany) Probability of Future Stock Price Finishing Under 0.16
| OD3 Stock | EUR 4.18 0.21 4.78% |
ODFJELL |
ODFJELL DRILLLTD Target Price Odds to finish below 0.16
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 drop to € 0.16 or more in 90 days |
| 4.18 | 90 days | 0.16 | near 1 |
Based on a normal probability distribution, the odds of ODFJELL DRILLLTD to drop to € 0.16 or more in 90 days from now is near 1 (This ODFJELL DRILLLTD DL 01 probability density function shows the probability of ODFJELL Stock to fall within a particular range of prices over 90 days) . Probability of ODFJELL DRILLLTD price to stay between € 0.16 and its current price of €4.18 at the end of the 90-day period is about 89.1 .
Assuming the 90 days horizon ODFJELL DRILLLTD DL 01 has a beta of -0.36. This indicates as returns on the benchmark increase, returns on holding ODFJELL DRILLLTD are expected to decrease at a much lower rate. During a bear market, however, ODFJELL DRILLLTD DL 01 is likely to outperform the market. Additionally ODFJELL DRILLLTD DL 01 has an alpha of 0.2793, implying that it can generate a 0.28 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). ODFJELL DRILLLTD Price Density |
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Predictive Modules for ODFJELL DRILLLTD
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 DRILLLTD. 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 DRILLLTD Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. ODFJELL DRILLLTD is not an exception. The market had few large corrections towards the ODFJELL DRILLLTD'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 DRILLLTD DL 01, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of ODFJELL DRILLLTD within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.28 | |
β | Beta against Dow Jones | -0.36 | |
σ | Overall volatility | 0.30 | |
Ir | Information ratio | 0.04 |
ODFJELL DRILLLTD 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 DRILLLTD for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for ODFJELL DRILLLTD 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 DRILLLTD had very high historical volatility over the last 90 days | |
| ODFJELL DRILLLTD has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| ODFJELL DRILLLTD DL 01 has accumulated 1.49 B in total debt with debt to equity ratio (D/E) of 143.7, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. ODFJELL DRILLLTD has a current ratio of 0.36, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist ODFJELL DRILLLTD until it has trouble settling it off, either with new capital or with free cash flow. So, ODFJELL DRILLLTD's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like ODFJELL DRILLLTD sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for ODFJELL to invest in growth at high rates of return. When we think about ODFJELL DRILLLTD's use of debt, we should always consider it together with cash and equity. | |
| About 62.0% of ODFJELL DRILLLTD outstanding shares are owned by corporate insiders |
ODFJELL DRILLLTD Technical Analysis
ODFJELL DRILLLTD'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 DRILLLTD DL 01. In general, you should focus on analyzing ODFJELL Stock price patterns and their correlations with different microeconomic environments and drivers.
ODFJELL DRILLLTD Predictive Forecast Models
ODFJELL DRILLLTD's time-series forecasting models is one of many ODFJELL DRILLLTD'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 DRILLLTD'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 DRILLLTD
Checking the ongoing alerts about ODFJELL DRILLLTD for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for ODFJELL DRILLLTD help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| ODFJELL DRILLLTD had very high historical volatility over the last 90 days | |
| ODFJELL DRILLLTD has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| ODFJELL DRILLLTD DL 01 has accumulated 1.49 B in total debt with debt to equity ratio (D/E) of 143.7, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. ODFJELL DRILLLTD has a current ratio of 0.36, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist ODFJELL DRILLLTD until it has trouble settling it off, either with new capital or with free cash flow. So, ODFJELL DRILLLTD's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like ODFJELL DRILLLTD sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for ODFJELL to invest in growth at high rates of return. When we think about ODFJELL DRILLLTD's use of debt, we should always consider it together with cash and equity. | |
| About 62.0% of ODFJELL DRILLLTD outstanding shares are owned by corporate insiders |
Other Information on Investing in ODFJELL Stock
ODFJELL DRILLLTD financial ratios help investors to determine whether ODFJELL 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 ODFJELL with respect to the benefits of owning ODFJELL DRILLLTD security.