Offshore Oil (China) Price on June 16, 2023
| 600583 Stock | 5.40 0.05 0.93% |
Below is the normalized historical share price chart for Offshore Oil Engineering extending back to February 05, 2002. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Offshore Oil stands at 5.40, as last reported on the 30th of January, with the highest price reaching 5.49 and the lowest price hitting 5.36 during the day.
If you're considering investing in Offshore Stock, it is important to understand the factors that can impact its price. Offshore Oil Engineering maintains Sharpe Ratio (i.e., Efficiency) of -0.0176, which implies the firm had a -0.0176 % return per unit of risk over the last 3 months. Offshore Oil Engineering exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Offshore Oil's insignificant Risk Adjusted Performance, variance of 1.86, and Coefficient Of Variation of (10,421) to confirm the risk estimate we provide.
The current year's Total Stockholder Equity is expected to grow to about 29.9 B, whereas Common Stock is forecasted to decline to about 3.1 B. . Offshore Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 21st of January 2002 | 200 Day MA 5.6859 | 50 Day MA 5.4324 | Beta 0.731 |
Offshore |
Sharpe Ratio = -0.0176
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | 600583 |
Estimated Market Risk
| 1.34 actual daily | 11 89% of assets are more volatile |
Expected Return
| -0.02 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.02 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Offshore Oil is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Offshore Oil by adding Offshore Oil to a well-diversified portfolio.
Price Book 0.9218 | Enterprise Value Ebitda 3.7563 | Price Sales 0.7902 | Shares Float 2 B | Wall Street Target Price 5.95 |
Offshore Oil Valuation on June 16, 2023
It is possible to determine the worth of Offshore Oil on a given historical date. On June 16, 2023 Offshore was worth 5.97 at the beginning of the trading date compared to the closed value of 5.96. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Offshore Oil stock. Still, in general, we apply an absolute valuation method to find Offshore Oil's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Offshore Oil where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Offshore Oil's related companies.
| Open | High | Low | Close | Volume | |
| 5.98 | 6.03 | 5.90 | 5.99 | 14,302,331 | |
06/16/2023 | 5.97 | 6.07 | 5.94 | 5.96 | 16,619,239 |
| 5.96 | 5.98 | 5.84 | 5.85 | 19,988,568 |
| Backtest Offshore Oil | | | Offshore Oil History | | | Offshore Oil Valuation | Previous | Next |
Offshore Oil Trading Date Momentum on June 16, 2023
| On June 19 2023 Offshore Oil Engineering was traded for 5.85 at the closing time. The highest price during the trading period was 5.98 and the lowest recorded bid was listed for 5.84 . The volume for the day was 20 M. This history from June 19, 2023 contributed to the next trading day price decline. The daily price change to the next closing price was 1.85% . The trading delta at closing time to the current price is 5.37% . |
Offshore Oil Engineering Fundamentals Correlations and Trends
By evaluating Offshore Oil's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Offshore Oil's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Offshore financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Offshore Oil Stock history
Offshore Oil investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Offshore is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Offshore Oil Engineering will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Offshore Oil stock prices may prove useful in developing a viable investing in Offshore Oil
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 4 B | 3.5 B | |
| Net Income Applicable To Common Shares | 1.7 B | 1 B |
Offshore Oil Quarterly Net Working Capital |
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Offshore Oil Stock Technical Analysis
Offshore Oil technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Offshore Oil Period Price Range
Low | January 30, 2025
| High |
0.00 | 0.00 |
Offshore Oil Engineering cannot be verified against its exchange. Please verify the symbol is currently traded on Shanghai Stock Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Offshore Oil January 30, 2025 Market Strength
Market strength indicators help investors to evaluate how Offshore Oil stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Offshore Oil shares will generate the highest return on investment. By undertsting and applying Offshore Oil stock market strength indicators, traders can identify Offshore Oil Engineering entry and exit signals to maximize returns
Offshore Oil Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Offshore Oil's price direction in advance. Along with the technical and fundamental analysis of Offshore Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Offshore to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.14) | |||
| Treynor Ratio | 1.6 |
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| Volume Indicators |
Complementary Tools for Offshore Stock analysis
When running Offshore Oil's price analysis, check to measure Offshore Oil'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 Offshore Oil is operating at the current time. Most of Offshore Oil's value examination focuses on studying past and present price action to predict the probability of Offshore Oil's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Offshore Oil's price. Additionally, you may evaluate how the addition of Offshore Oil to your portfolios can decrease your overall portfolio volatility.
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