Odfjell Drilling (UK) Market Value
| 0QHX Stock | 62.10 0.25 0.40% |
| Symbol | Odfjell |
Odfjell Drilling 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Odfjell Drilling's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Odfjell Drilling.
| 09/03/2024 |
| 01/31/2025 |
If you would invest 0.00 in Odfjell Drilling on September 3, 2024 and sell it all today you would earn a total of 0.00 from holding Odfjell Drilling or generate 0.0% return on investment in Odfjell Drilling over 150 days. Odfjell Drilling is related to or competes with Accesso Technology, Teradata Corp, Axway Software, Check Point, Pfeiffer Vacuum, Software Circle, and Associated British. Odfjell Drilling is entity of United Kingdom More
Odfjell Drilling Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Odfjell Drilling's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Odfjell Drilling upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.68 | |||
| Information Ratio | 0.1255 | |||
| Maximum Drawdown | 8.3 | |||
| Value At Risk | (2.65) | |||
| Potential Upside | 4.2 |
Odfjell Drilling Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Odfjell Drilling's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Odfjell Drilling's standard deviation. In reality, there are many statistical measures that can use Odfjell Drilling historical prices to predict the future Odfjell Drilling's volatility.| Risk Adjusted Performance | 0.1508 | |||
| Jensen Alpha | 0.3488 | |||
| Total Risk Alpha | 0.1271 | |||
| Sortino Ratio | 0.1561 | |||
| Treynor Ratio | 10.66 |
Odfjell Drilling Backtested Returns
Odfjell Drilling appears to be very steady, given 3 months investment horizon. Odfjell Drilling maintains Sharpe Ratio (i.e., Efficiency) of 0.16, which implies the firm had a 0.16 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Odfjell Drilling, which you can use to evaluate the volatility of the company. Please evaluate Odfjell Drilling's Semi Deviation of 1.36, risk adjusted performance of 0.1508, and Coefficient Of Variation of 576.96 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Odfjell Drilling holds a performance score of 12. The company holds a Beta of 0.033, which implies not very significant fluctuations relative to the market. As returns on the market increase, Odfjell Drilling's returns are expected to increase less than the market. However, during the bear market, the loss of holding Odfjell Drilling is expected to be smaller as well. Please check Odfjell Drilling's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether Odfjell Drilling's historical price patterns will revert.
Auto-correlation | -0.18 |
Insignificant reverse predictability
Odfjell Drilling has insignificant reverse predictability. Overlapping area represents the amount of predictability between Odfjell Drilling time series from 3rd of September 2024 to 17th of November 2024 and 17th of November 2024 to 31st of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Odfjell Drilling price movement. The serial correlation of -0.18 indicates that over 18.0% of current Odfjell Drilling price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.18 | |
| Spearman Rank Test | -0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 21.99 |
Odfjell Drilling lagged returns against current returns
Autocorrelation, which is Odfjell Drilling stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Odfjell Drilling's stock expected returns. We can calculate the autocorrelation of Odfjell Drilling returns to help us make a trade decision. For example, suppose you find that Odfjell Drilling has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
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Odfjell Drilling regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Odfjell Drilling stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Odfjell Drilling stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Odfjell Drilling stock over time.
Current vs Lagged Prices |
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Odfjell Drilling Lagged Returns
When evaluating Odfjell Drilling's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Odfjell Drilling stock have on its future price. Odfjell Drilling autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Odfjell Drilling autocorrelation shows the relationship between Odfjell Drilling stock current value and its past values and can show if there is a momentum factor associated with investing in Odfjell Drilling.
Regressed Prices |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Odfjell Stock Analysis
When running Odfjell Drilling's price analysis, check to measure Odfjell 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 Odfjell Drilling is operating at the current time. Most of Odfjell Drilling's value examination focuses on studying past and present price action to predict the probability of Odfjell 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 Odfjell Drilling's price. Additionally, you may evaluate how the addition of Odfjell Drilling to your portfolios can decrease your overall portfolio volatility.