Odfjell Drilling (Norway) Price on October 14, 2024
| ODL Stock | NOK 50.60 0.50 0.98% |
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 50.60, as last reported on the 23rd of November, with the highest price reaching 51.50 and the lowest price hitting 50.30 during the day. Odfjell Drilling maintains Sharpe Ratio (i.e., Efficiency) of -0.0552, which implies the firm had a -0.0552% return per unit of risk over the last 3 months. Odfjell Drilling exposes twenty-three 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 (2,430), and Variance of 4.33 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.
Odfjell |
Sharpe Ratio = -0.0552
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Estimated Market Risk
| 2.1 actual daily | 18 82% of assets are more volatile |
Expected Return
| -0.12 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.06 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 October 14, 2024
It is possible to determine the worth of Odfjell Drilling on a given historical date. On October 14, 2024 Odfjell was worth 51.64 at the beginning of the trading date compared to the closed value of 51.34. 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 | |
| 50.65 | 52.13 | 50.65 | 51.93 | 233,818 | |
10/14/2024 | 51.64 | 52.13 | 50.85 | 51.34 | 268,554 |
| 50.95 | 51.24 | 49.47 | 50.06 | 289,618 |
| Backtest Odfjell Drilling | | | Odfjell Drilling History | | | Odfjell Drilling Valuation | Previous | Next |
Odfjell Drilling Trading Date Momentum on October 14, 2024
| On October 15 2024 Odfjell Drilling was traded for 50.06 at the closing time. The maximum traded price for the trading interval was 51.24 and the lowest daily price was 49.47 . The daily volume was recorded at 289.6 K. The volume of trading on 15th of October 2024 played a part in the next trading day price drop. The trading delta at closing time to the next closing price was 2.49% . The trading delta at closing time to the closing price today is 0.76% . |
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.
Price Boundaries
Odfjell Drilling Period Price Range
Low | November 23, 2024
| High |
0.00 | 0.00 |
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 23, 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.
| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.37) | |||
| Treynor Ratio | (0.15) |
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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.