Odfjell Drilling (Norway) Probability of Future Stock Price Finishing Under 18.02
| ODL Stock | NOK 50.60 0.50 0.98% |
Odfjell |
Odfjell Drilling Target Price Odds to finish below 18.02
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 18.02 or more in 90 days |
| 50.60 | 90 days | 18.02 | near 1 |
Based on a normal probability distribution, the odds of Odfjell Drilling to drop to 18.02 or more in 90 days from now is near 1 (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 18.02 and its current price of 50.6 at the end of the 90-day period is about 24.85 .
Assuming the 90 days trading horizon Odfjell Drilling has a beta of 0.6. This indicates 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 |
| Price |
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 | -0.19 | |
β | Beta against Dow Jones | 0.60 | |
σ | Overall volatility | 1.39 | |
Ir | Information ratio | -0.11 |
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 financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| Odfjell Drilling has accumulated 875.35 M 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 Drilling 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 Drilling until it has trouble settling it off, either with new capital or with free cash flow. So, Odfjell Drilling'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 Drilling 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 Drilling's use of debt, we should always consider it together with cash and equity. | |
| About 62.0% of Odfjell Drilling outstanding shares are owned by corporate insiders |
Odfjell Drilling Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Odfjell Stock often depends not only on the future outlook of the current and potential Odfjell Drilling's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Odfjell Drilling's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 107.5 M | |
| Cash And Short Term Investments | 147.1 M |
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 financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| Odfjell Drilling has accumulated 875.35 M 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 Drilling 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 Drilling until it has trouble settling it off, either with new capital or with free cash flow. So, Odfjell Drilling'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 Drilling 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 Drilling's use of debt, we should always consider it together with cash and equity. | |
| About 62.0% of Odfjell Drilling outstanding shares are owned by corporate insiders |
Other Information on Investing in Odfjell Stock
Odfjell Drilling 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 Drilling security.