Shelf Drilling (Norway) Price on May 9, 2023

SDNS Stock   21.00  8.00  27.59%   
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 21.00, as last reported on the 2nd of December, with the highest price reaching 29.30 and the lowest price hitting 21.00 during the day. Shelf Drilling owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0204, which indicates the firm had a -0.0204% return per unit of risk over the last 3 months. Shelf Drilling 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 16.71, coefficient of variation of (4,936), and Risk Adjusted Performance of (0.01) 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 = -0.0204

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Estimated Market Risk

 4.12
  actual daily
36
64% of assets are more volatile

Expected Return

 -0.08
  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 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 May 9, 2023

It is possible to determine the worth of Shelf Drilling on a given historical date. On May 9, 2023 Shelf was worth 24.2 at the beginning of the trading date compared to the closed value of 25.0. 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
  24.20    26.50    24.20    24.90    8,250  
05/09/2023
  24.20    27.00    24.20    25.00    2,897  
  24.60    26.60    24.20    24.30    4,674  
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Open Value
24.2
25.0
Closing Value
36.56
Upside

Shelf Drilling Trading Date Momentum on May 9, 2023

On May 10 2023 Shelf Drilling was traded for  24.30  at the closing time. The highest price during the trading period was 26.60  and the lowest recorded bid was listed for  24.20 . The volume for the day was 4.7 K. This history from May 10, 2023 contributed to the next trading day price decline. The trading price change to the next closing price was 2.80% . The trading price change to the current price is 4.00% .

Shelf Drilling 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 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 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
December 2, 2024
0.00  NaN%
High

 0.00 

     

 0.00 

Shelf 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.

Shelf Drilling December 2, 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 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.

Other Information on Investing in Shelf Stock

Shelf Drilling financial ratios help investors to determine whether Shelf 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 Shelf with respect to the benefits of owning Shelf Drilling security.