Shelf Drilling (Norway) Price on June 26, 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 4th 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 -0.0173, which indicates the firm had a -0.0173% return per unit of risk over the last 3 months. Shelf Drilling exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Shelf Drilling's Risk Adjusted Performance of (0.01), variance of 16.71, and Coefficient Of Variation of (4,936) 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.
Shelf |
Sharpe Ratio = -0.0173
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Estimated Market Risk
4.12 actual daily | 36 64% of assets are more volatile |
Expected Return
-0.07 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 June 26, 2023
It is possible to determine the worth of Shelf Drilling on a given historical date. On June 26, 2023 Shelf was worth 26.4 at the beginning of the trading date compared to the closed value of 26.1. 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 | |
26.10 | 26.10 | 26.10 | 26.10 | 1,934 | |
06/26/2023 | 26.40 | 26.40 | 26.00 | 26.10 | 9,024 |
25.90 | 25.90 | 25.90 | 25.90 | 1,000.00 |
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Shelf Drilling Trading Date Momentum on June 26, 2023
On June 27 2023 Shelf Drilling was traded for 25.90 at the closing time. The highest price during the trading period was 25.90 and the lowest recorded bid was listed for 25.90 . The volume for the day was 1000. This history from June 27, 2023 contributed to the next trading day price decline. The trading price change to the next closing price was 0.77% . The trading price change to the current price is 6.90% . |
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.
Price Boundaries
Shelf Drilling Period Price Range
Low | December 4, 2024
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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 4, 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.
Risk Adjusted Performance | (0.01) | |||
Jensen Alpha | (0.13) | |||
Total Risk Alpha | (0.65) | |||
Treynor Ratio | (0.25) |
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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.