Odfjell Drilling Ltd. reports for the third quarter of 2023 - Marketscreener.com
| ODL Stock | NOK 48.70 0.15 0.31% |
About 61% of Odfjell Drilling's investor base is looking to short. The analysis of current outlook of investing in Odfjell Drilling suggests that many traders are alarmed regarding Odfjell Drilling's prospects. Odfjell Drilling's investing sentiment shows overall attitude of investors towards Odfjell Drilling.
Odfjell Drilling stock news, alerts, and headlines are usually related to its technical, predictive, social, and fundamental indicators. It can reflect on the current distribution of Odfjell daily returns and investor perception about the current price of Odfjell Drilling as well as its diversification or hedging effects on your existing portfolios.
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Odfjell Drilling Ltd. reports for the third quarter of 2023 Marketscreener.com
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Odfjell Drilling Fundamental Analysis
We analyze Odfjell Drilling's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Odfjell Drilling using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Odfjell Drilling based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Probability Of Bankruptcy
Probability Of Bankruptcy Comparative Analysis
Odfjell Drilling is currently under evaluation in probability of bankruptcy category among its peers. Probability Of Bankruptcy is a relative measure of the likelihood of financial distress. For stocks, the Probability Of Bankruptcy is the normalized value of Z-Score. For funds and ETFs, it is derived from a multi-factor model developed by Macroaxis. The score is used to predict the probability of a firm or a fund experiencing financial distress within the next 24 months. Unlike Z-Score, Probability Of Bankruptcy is the value between 0 and 100, indicating the firm's actual probability it will be financially distressed in the next 2 fiscal years.
Odfjell Drilling Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Odfjell Drilling stock to make a market-neutral strategy. Peer analysis of Odfjell Drilling could also be used in its relative valuation, which is a method of valuing Odfjell Drilling by comparing valuation metrics with similar companies.
Peers
Odfjell Drilling Related Equities
| ACR | Axactor SE | 7.14 | ||||
| EQVA | Eqva ASA | 4.95 | ||||
| SHLF | Shelf Drilling | 4.48 | ||||
| BWO | BW Offshore | 0.89 | ||||
| ELK | Elkem ASA | 0.92 | ||||
| SUBC | Subsea 7 | 1.69 | ||||
| AZT | Arcticzymes Technologies | 2.00 | ||||
| IWS | Integrated Wind | 2.40 | ||||
| NORTH | North Energy | 2.53 | ||||
| VOW | Vow ASA | 7.88 |
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.