Odfjell Drilling Ltd Announces Potential Share Sale - TipRanks
| ODL Stock | NOK 62.30 0.40 0.65% |
About 52% of Odfjell Drilling's investor base is interested to short. The analysis of current outlook of investing in Odfjell Drilling suggests that many traders are impartial 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 Announces Potential Share Sale TipRanks
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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.
Z Score
Z Score Comparative Analysis
Odfjell Drilling is currently under evaluation in z score category among its peers. Z-Score is a simple linear, multi-factor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..
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
| SHLF | Shelf Drilling | 15.32 | ||||
| SUBC | Subsea 7 | 0.36 | ||||
| BWO | BW Offshore | 0.15 |
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.