NorAm Drilling (Norway) Price on September 30, 2024
NORAM Stock | 34.50 1.00 2.99% |
If you're considering investing in NorAm Stock, it is important to understand the factors that can impact its price. As of today, the current price of NorAm Drilling stands at 34.50, as last reported on the 30th of November, with the highest price reaching 34.55 and the lowest price hitting 33.00 during the day. NorAm Drilling AS has Sharpe Ratio of -0.0446, which conveys that the firm had a -0.0446% return per unit of risk over the last 3 months. NorAm Drilling exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify NorAm Drilling's Mean Deviation of 1.22, standard deviation of 1.62, and Risk Adjusted Performance of (0.04) to check out the risk estimate we provide.
NorAm Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
NorAm |
Sharpe Ratio = -0.0446
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Estimated Market Risk
1.63 actual daily | 14 86% of assets are more volatile |
Expected Return
-0.07 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.04 actual daily | 0 Most of other assets perform better |
Based on monthly moving average NorAm 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 NorAm Drilling by adding NorAm Drilling to a well-diversified portfolio.
NorAm Drilling Valuation on September 30, 2024
It is possible to determine the worth of NorAm Drilling on a given historical date. On September 30, 2024 NorAm was worth 39.32 at the beginning of the trading date compared to the closed value of 37.92. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of NorAm Drilling stock. Still, in general, we apply an absolute valuation method to find NorAm 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 NorAm Drilling where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against NorAm Drilling's related companies.
Open | High | Low | Close | Volume | |
37.42 | 39.42 | 36.67 | 38.07 | 73,977 | |
09/30/2024 | 39.32 | 39.32 | 37.92 | 37.92 | 38,971 |
38.42 | 39.02 | 38.17 | 39.02 | 13,513 |
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NorAm Drilling Trading Date Momentum on September 30, 2024
On October 01 2024 NorAm Drilling AS was traded for 39.02 at the closing time. The highest price during the trading period was 39.02 and the lowest recorded bid was listed for 38.17 . The volume for the day was 13.5 K. This history from October 1, 2024 contributed to the next trading day price boost. The trading delta at closing time to the next closing price was 2.90% . The trading delta at closing time to the current price is 2.51% . |
NorAm Drilling AS Fundamentals Correlations and Trends
By evaluating NorAm 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 NorAm Drilling's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. NorAm financial account trend analysis is a perfect complement when working with valuation or volatility modules.About NorAm Drilling Stock history
NorAm 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 NorAm is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in NorAm Drilling AS 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 NorAm Drilling stock prices may prove useful in developing a viable investing in NorAm Drilling
NorAm Drilling Stock Technical Analysis
NorAm 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.
Price Boundaries
NorAm Drilling Period Price Range
Low | November 30, 2024
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0.00 | 0.00 |
NorAm Drilling AS cannot be verified against its exchange. Please verify the symbol is currently traded on Oslo 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.
NorAm Drilling November 30, 2024 Market Strength
Market strength indicators help investors to evaluate how NorAm 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 NorAm Drilling shares will generate the highest return on investment. By undertsting and applying NorAm Drilling stock market strength indicators, traders can identify NorAm Drilling AS entry and exit signals to maximize returns
NorAm Drilling Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for NorAm Drilling's price direction in advance. Along with the technical and fundamental analysis of NorAm Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of NorAm 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 | (0.04) | |||
Jensen Alpha | (0.11) | |||
Total Risk Alpha | (0.37) | |||
Treynor Ratio | (1.05) |
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Other Information on Investing in NorAm Stock
NorAm Drilling financial ratios help investors to determine whether NorAm 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 NorAm with respect to the benefits of owning NorAm Drilling security.