SHELF DRILLING (Germany) Price on September 19, 2024

6SD Stock  EUR 0.84  0.03  3.45%   
If you're considering investing in SHELF Stock, it is important to understand the factors that can impact its price. As of today, the current price of SHELF DRILLING stands at 0.84, as last reported on the 27th of November, with the highest price reaching 1.02 and the lowest price hitting 0.84 during the day. SHELF DRILLING LTD owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.13, which indicates the firm had a -0.13% return per unit of volatility over the last 3 months. SHELF DRILLING LTD exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate SHELF DRILLING's variance of 23.59, and Risk Adjusted Performance of (0.11) to confirm the risk estimate we provide.
  
SHELF Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.1336

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Estimated Market Risk

 4.87
  actual daily
43
57% of assets are more volatile

Expected Return

 -0.65
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.13
  actual daily
0
Most of other assets perform better
Based on monthly moving average SHELF DRILLING 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 SHELF DRILLING by adding SHELF DRILLING to a well-diversified portfolio.

SHELF DRILLING Valuation on September 19, 2024

It is possible to determine the worth of SHELF DRILLING on a given historical date. On September 19, 2024 SHELF was worth 1.57 at the beginning of the trading date compared to the closed value of 1.57. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of SHELF DRILLING stock. Still, in general, we apply an absolute valuation method to find SHELF DRILLING'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 SHELF DRILLING where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against SHELF DRILLING's related companies.
 Open High Low Close Volume
  1.52    1.52    1.52    1.52    10,704  
09/19/2024
  1.57    1.57    1.57    1.57    10,704  
  1.54    1.54    1.48    1.48    10,704  
Backtest SHELF DRILLING  |  SHELF DRILLING History  |  SHELF DRILLING Valuation   PreviousNext  
Open Value
1.57
1.57
Closing Value
16.18
Upside

SHELF DRILLING Trading Date Momentum on September 19, 2024

On September 20 2024 SHELF DRILLING LTD was traded for  1.48  at the closing time. The highest daily price throughout the period was 1.54  and the lowest price was  1.48 . The daily volume was 10.7 K. The net trading volume on 09/20/2024 added to the next day price reduction. The daily price change to closing price of the next trading day was 5.73% . The trading price change to current closing price is 7.01% .

SHELF DRILLING LTD Fundamentals Correlations and Trends

By evaluating SHELF DRILLING'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 SHELF DRILLING's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. SHELF financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About SHELF DRILLING Stock history

SHELF DRILLING 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 SHELF is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in SHELF DRILLING LTD 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 SHELF DRILLING stock prices may prove useful in developing a viable investing in SHELF DRILLING
Shelf Drilling, Ltd., through its subsidiaries, operates as a shallow water offshore drilling contractor in the Middle East, North Africa, the Mediterranean, South East Asia, India, and West Africa. The company was incorporated in 2012 and is headquartered in Dubai, the United Arab Emirates. SHELF DRILLING operates under Oil Gas Drilling classification in Germany and is traded on Frankfurt Stock Exchange. It employs 2149 people.

SHELF DRILLING Stock Technical Analysis

SHELF DRILLING 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.
A focus of SHELF DRILLING technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of SHELF DRILLING trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

SHELF DRILLING Period Price Range

Low
November 27, 2024
0.00  NaN%
High

 0.00 

     

 0.00 

SHELF DRILLING LTD cannot be verified against its exchange. Please verify the symbol is currently traded on Frankfurt 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.

SHELF DRILLING November 27, 2024 Market Strength

Market strength indicators help investors to evaluate how SHELF DRILLING stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading SHELF DRILLING shares will generate the highest return on investment. By undertsting and applying SHELF DRILLING stock market strength indicators, traders can identify SHELF DRILLING LTD entry and exit signals to maximize returns

SHELF DRILLING Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for SHELF DRILLING's price direction in advance. Along with the technical and fundamental analysis of SHELF Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of SHELF 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.

Complementary Tools for SHELF Stock analysis

When running SHELF DRILLING's price analysis, check to measure SHELF 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 SHELF DRILLING is operating at the current time. Most of SHELF DRILLING's value examination focuses on studying past and present price action to predict the probability of SHELF 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 SHELF DRILLING's price. Additionally, you may evaluate how the addition of SHELF DRILLING to your portfolios can decrease your overall portfolio volatility.
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