Vantage Drilling International Stock Market Value
| VTDRF Stock | USD 26.25 0.00 0.00% |
| Symbol | Vantage |
Vantage 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 Vantage Drilling's pink sheet 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 Vantage Drilling.
| 12/07/2022 |
| 11/26/2024 |
If you would invest 0.00 in Vantage Drilling on December 7, 2022 and sell it all today you would earn a total of 0.00 from holding Vantage Drilling International or generate 0.0% return on investment in Vantage Drilling over 720 days. Vantage Drilling is related to or competes with Noble Plc, Transocean, Helmerich, Patterson UTI, Sable Offshore, Borr Drilling, and Precision Drilling. Vantage Drilling International provides offshore contract drilling services for national and independent oil and natural... More
Vantage 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 Vantage Drilling's pink sheet 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 Vantage Drilling International upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0278 | |||
| Maximum Drawdown | 102.82 | |||
| Value At Risk | (6.90) |
Vantage Drilling Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Vantage Drilling's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Vantage Drilling's standard deviation. In reality, there are many statistical measures that can use Vantage Drilling historical prices to predict the future Vantage Drilling's volatility.| Risk Adjusted Performance | 0.0385 | |||
| Jensen Alpha | 0.7347 | |||
| Total Risk Alpha | (1.56) | |||
| Treynor Ratio | (0.23) |
Vantage Drilling Int Backtested Returns
Vantage Drilling appears to be slightly risky, given 3 months investment horizon. Vantage Drilling Int owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0471, which indicates the firm had a 0.0471% return per unit of risk over the last 3 months. By inspecting Vantage Drilling's technical indicators, you can evaluate if the expected return of 0.62% is justified by implied risk. Please review Vantage Drilling's Coefficient Of Variation of 2640.15, risk adjusted performance of 0.0385, and Variance of 167.44 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Vantage Drilling holds a performance score of 3. The entity has a beta of -2.11, which indicates a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Vantage Drilling are expected to decrease by larger amounts. On the other hand, during market turmoil, Vantage Drilling is expected to outperform it. Please check Vantage Drilling's jensen alpha and kurtosis , to make a quick decision on whether Vantage Drilling's existing price patterns will revert.
Auto-correlation | 0.22 |
Weak predictability
Vantage Drilling International has weak predictability. Overlapping area represents the amount of predictability between Vantage Drilling time series from 7th of December 2022 to 2nd of December 2023 and 2nd of December 2023 to 26th of November 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 Vantage Drilling Int price movement. The serial correlation of 0.22 indicates that over 22.0% of current Vantage Drilling price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.22 | |
| Spearman Rank Test | 0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 7.01 |
Vantage Drilling Int lagged returns against current returns
Autocorrelation, which is Vantage Drilling pink sheet'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 Vantage Drilling's pink sheet expected returns. We can calculate the autocorrelation of Vantage Drilling returns to help us make a trade decision. For example, suppose you find that Vantage Drilling has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Vantage 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 Vantage Drilling pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Vantage Drilling pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Vantage Drilling pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Vantage Drilling Lagged Returns
When evaluating Vantage Drilling's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Vantage Drilling pink sheet have on its future price. Vantage 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, Vantage Drilling autocorrelation shows the relationship between Vantage Drilling pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Vantage Drilling International.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Vantage Pink Sheet
Vantage Drilling financial ratios help investors to determine whether Vantage Pink Sheet 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 Vantage with respect to the benefits of owning Vantage Drilling security.