Odfjell Drilling (Norway) Price on September 19, 2024

ODL Stock  NOK 49.95  0.65  1.28%   
If you're considering investing in Odfjell Stock, it is important to understand the factors that can impact its price. As of today, the current price of Odfjell Drilling stands at 49.95, as last reported on the 26th of November, with the highest price reaching 50.30 and the lowest price hitting 49.80 during the day. Odfjell Drilling maintains Sharpe Ratio (i.e., Efficiency) of -0.0125, which implies the firm had a -0.0125% return per unit of risk over the last 3 months. Odfjell Drilling exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Odfjell Drilling's Risk Adjusted Performance of (0.03), coefficient of variation of (1,965), and Variance of 4.34 to confirm the risk estimate we provide.
  
Odfjell Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.0125

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Estimated Market Risk

 2.01
  actual daily
17
83% of assets are more volatile

Expected Return

 -0.02
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.01
  actual daily
0
Most of other assets perform better
Based on monthly moving average Odfjell 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 Odfjell Drilling by adding Odfjell Drilling to a well-diversified portfolio.

Odfjell Drilling Valuation on September 19, 2024

It is possible to determine the worth of Odfjell Drilling on a given historical date. On September 19, 2024 Odfjell was worth 51.93 at the beginning of the trading date compared to the closed value of 52.03. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Odfjell Drilling stock. Still, in general, we apply an absolute valuation method to find Odfjell 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 Odfjell Drilling where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Odfjell Drilling's related companies.
 Open High Low Close Volume
  52.33    52.43    50.95    51.84    265,233  
09/19/2024
  51.93    53.02    51.93    52.03    376,528  
  51.84    52.53    51.64    52.53    578,873  
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Open Value
51.93
52.03
Closing Value
57.95
Upside

Odfjell Drilling Trading Date Momentum on September 19, 2024

On September 20 2024 Odfjell Drilling was traded for  52.53  at the closing time. The maximum traded price for the trading interval was 52.53  and the lowest daily price was  51.64 . The daily volume was recorded at 578.9 K. The volume of trading on 20th of September 2024 played a part in the next trading day price upswing. The trading delta at closing time to the next closing price was 0.96% . The trading delta at closing time to the closing price today is 4.17% .

Odfjell Drilling Fundamentals Correlations and Trends

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

About Odfjell Drilling Stock history

Odfjell 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 Odfjell is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Odfjell Drilling 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 Odfjell Drilling stock prices may prove useful in developing a viable investing in Odfjell Drilling
Odfjell Drilling Ltd. operates as an integrated offshore drilling, well service, and engineering company worldwide. Odfjell Drilling Ltd. is a subsidiary of Odfjell Partners Ltd. ODFJELL DRILLING operates under Oil Gas Drilling classification in Norway and is traded on Oslo Stock Exchange. It employs 2377 people.

Odfjell Drilling Stock Technical Analysis

Odfjell 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 Odfjell Drilling technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Odfjell 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

Odfjell Drilling Period Price Range

Low
November 26, 2024
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Odfjell Drilling 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.

Odfjell Drilling November 26, 2024 Market Strength

Market strength indicators help investors to evaluate how Odfjell 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 Odfjell Drilling shares will generate the highest return on investment. By undertsting and applying Odfjell Drilling stock market strength indicators, traders can identify Odfjell Drilling entry and exit signals to maximize returns

Odfjell Drilling Technical and Predictive Indicators

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

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.