Transocean (Brazil) Market Value
| RIGG34 Stock | BRL 26.48 0.07 0.26% |
| Symbol | Transocean |
Transocean '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 Transocean'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 Transocean.
| 04/06/2024 |
| 12/02/2024 |
If you would invest 0.00 in Transocean on April 6, 2024 and sell it all today you would earn a total of 0.00 from holding Transocean or generate 0.0% return on investment in Transocean over 240 days. Transocean is related to or competes with Raytheon Technologies, Uber Technologies, Verizon Communications, BIONTECH, Cognizant Technology, and Monster Beverage. Transocean Ltd., together with its subsidiaries, provides offshore contract drilling services for oil and gas wells worl... More
Transocean 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 Transocean'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 Transocean upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.55 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 17.48 | |||
| Value At Risk | (5.18) | |||
| Potential Upside | 4.26 |
Transocean Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Transocean's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Transocean's standard deviation. In reality, there are many statistical measures that can use Transocean historical prices to predict the future Transocean's volatility.| Risk Adjusted Performance | 0.0214 | |||
| Jensen Alpha | 0.0181 | |||
| Total Risk Alpha | (0.49) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.2044 |
Transocean Backtested Returns
At this point, Transocean is not too volatile. Transocean owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0613, which indicates the firm had a 0.0613% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Transocean, which you can use to evaluate the volatility of the company. Please validate Transocean's Coefficient Of Variation of 5551.4, risk adjusted performance of 0.0214, and Semi Deviation of 3.32 to confirm if the risk estimate we provide is consistent with the expected return of 0.19%. Transocean has a performance score of 4 on a scale of 0 to 100. The entity has a beta of 0.24, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Transocean's returns are expected to increase less than the market. However, during the bear market, the loss of holding Transocean is expected to be smaller as well. Transocean right now has a risk of 3.02%. Please validate Transocean semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and information ratio , to decide if Transocean will be following its existing price patterns.
Auto-correlation | 0.32 |
Below average predictability
Transocean has below average predictability. Overlapping area represents the amount of predictability between Transocean time series from 6th of April 2024 to 4th of August 2024 and 4th of August 2024 to 2nd of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Transocean price movement. The serial correlation of 0.32 indicates that nearly 32.0% of current Transocean price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.32 | |
| Spearman Rank Test | -0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 3.29 |
Transocean lagged returns against current returns
Autocorrelation, which is Transocean 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 Transocean's stock expected returns. We can calculate the autocorrelation of Transocean returns to help us make a trade decision. For example, suppose you find that Transocean 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 |
| Timeline |
Transocean 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 Transocean stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Transocean stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Transocean stock over time.
Current vs Lagged Prices |
| Timeline |
Transocean Lagged Returns
When evaluating Transocean's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Transocean stock have on its future price. Transocean 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, Transocean autocorrelation shows the relationship between Transocean stock current value and its past values and can show if there is a momentum factor associated with investing in Transocean.
Regressed Prices |
| Timeline |
Also Currently Popular
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 Information and Resources on Investing in Transocean Stock
When determining whether Transocean is a strong investment it is important to analyze Transocean's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Transocean's future performance. For an informed investment choice regarding Transocean Stock, refer to the following important reports:Check out Transocean Correlation, Transocean Volatility and Transocean Alpha and Beta module to complement your research on Transocean. For information on how to trade Transocean Stock refer to our How to Trade Transocean Stock guide.You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
Transocean 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.