Odfjell Drilling Ltd. - Ex Dividend Q4 2023 TradingView News - TradingView
| ODL Stock | NOK 50.60 0.50 0.98% |
About 62% 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 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.
Return On Equity
Return On Equity Comparative Analysis
Odfjell Drilling is currently under evaluation in return on equity category among its peers. Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.
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
| SOFF | Solstad Offsho | 21.21 | ||||
| AWDR | Awilco Drilling | 6.82 | ||||
| AZT | Arcticzymes Technologies | 1.53 | ||||
| BWO | BW Offshore | 1.24 | ||||
| ELK | Elkem ASA | 1.00 | ||||
| MELG | Melhus Sparebank | 0.99 | ||||
| MING | Sparebank | 0.59 | ||||
| SHLF | Shelf Drilling | 20.13 | ||||
| GEOS | Golden Energy | 24.67 |
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.