NorAm Drilling (Germany) Price on January 17, 2024
| TM9 Stock | 2.88 0.03 1.03% |
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 2.88, as last reported on the 30th of November, with the highest price reaching 2.88 and the lowest price hitting 2.88 during the day. NorAm Drilling appears to be risky, given 3 months investment horizon. NorAm Drilling AS has Sharpe Ratio of 0.16, which conveys that the firm had a 0.16% return per unit of risk over the last 3 months. By analyzing NorAm Drilling's technical indicators, you can evaluate if the expected return of 0.62% is justified by implied risk. Please exercise NorAm Drilling's Mean Deviation of 1.92, downside deviation of 2.01, and Risk Adjusted Performance of 0.1283 to check out if our risk estimates are consistent with your expectations.
NorAm Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
NorAm |
Sharpe Ratio = 0.1585
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Estimated Market Risk
| 3.94 actual daily | 35 65% of assets are more volatile |
Expected Return
| 0.62 actual daily | 12 88% of assets have higher returns |
Risk-Adjusted Return
| 0.16 actual daily | 12 88% of assets perform better |
Based on monthly moving average NorAm Drilling is performing at about 12% of its full potential. 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 it to a well-diversified portfolio.
NorAm Drilling Valuation on January 17, 2024
It is possible to determine the worth of NorAm Drilling on a given historical date. On January 17, 2024 NorAm was worth 0.87 at the beginning of the trading date compared to the closed value of 0.87. 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 | |
| 0.90 | 0.90 | 0.90 | 0.90 | 1.00 | |
01/17/2024 | 0.87 | 0.87 | 0.87 | 0.87 | 1.00 |
| 0.86 | 0.86 | 0.86 | 0.86 | 1.00 |
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NorAm Drilling Trading Date Momentum on January 17, 2024
| On January 18 2024 NorAm Drilling AS was traded for 0.86 at the closing time. The maximum traded price for the trading interval was 0.86 and the lowest daily price was 0.86 . There was no trading activity during the period 1.0. Lack of trading volume on 18th of January 2024 played a part in the next trading day price drop. The trading price change to the next closing price was 1.15% . The trading delta at closing time to the closing price today is 0.00% . |
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
| High |
0.00 | 0.00 |
NorAm Drilling AS cannot be verified against its exchange. Please verify the symbol is currently traded on Munich 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 | 0.1283 | |||
| Jensen Alpha | 0.4931 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | 0.2381 | |||
| Treynor Ratio | 0.688 |
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Additional Tools for NorAm Stock Analysis
When running NorAm Drilling's price analysis, check to measure NorAm Drilling's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy NorAm Drilling is operating at the current time. Most of NorAm Drilling's value examination focuses on studying past and present price action to predict the probability of NorAm Drilling's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NorAm Drilling's price. Additionally, you may evaluate how the addition of NorAm Drilling to your portfolios can decrease your overall portfolio volatility.