NorAm Drilling (Germany) Performance
| TM9 Stock | 3.01 0.04 1.31% |
On a scale of 0 to 100, NorAm Drilling holds a performance score of 12. The company secures a Beta (Market Risk) of -1.33, which conveys a somewhat significant risk relative to the market. As returns on the market increase, returns on owning NorAm Drilling are expected to decrease by larger amounts. On the other hand, during market turmoil, NorAm Drilling is expected to outperform it. Please check NorAm Drilling's downside variance, kurtosis, and the relationship between the value at risk and expected short fall , to make a quick decision on whether NorAm Drilling's current price movements will revert.
Risk-Adjusted Performance
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Compared to the overall equity markets, risk-adjusted returns on investments in NorAm Drilling AS are ranked lower than 12 (%) of all global equities and portfolios over the last 90 days. In spite of comparatively fragile basic indicators, NorAm Drilling unveiled solid returns over the last few months and may actually be approaching a breakup point. ...more
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NorAm Drilling Relative Risk vs. Return Landscape
If you would invest 219.00 in NorAm Drilling AS on October 31, 2024 and sell it today you would earn a total of 82.00 from holding NorAm Drilling AS or generate 37.44% return on investment over 90 days. NorAm Drilling AS is generating 0.6079% of daily returns assuming 3.8308% volatility of returns over the 90 days investment horizon. Simply put, 34% of all stocks have less volatile historical return distribution than NorAm Drilling, and 88% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
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NorAm Drilling Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for NorAm Drilling's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as NorAm Drilling AS, and traders can use it to determine the average amount a NorAm Drilling's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.1587
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Estimated Market Risk
| 3.83 actual daily | 34 66% of assets are more volatile |
Expected Return
| 0.61 actual daily | 12 88% of assets have higher returns |
Risk-Adjusted Return
| 0.16 actual daily | 12 88% of assets perform better |
Based on monthly moving average NorAm Drilling is performing at about 12% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of NorAm Drilling by adding it to a well-diversified portfolio.
About NorAm Drilling Performance
Assessing NorAm Drilling's fundamental ratios provides investors with valuable insights into NorAm Drilling's financial health and overall profitability. This information is crucial for making informed investment decisions. A high ROA would indicate that the NorAm Drilling is effectively leveraging its assets and equity to generate significant profits, making it an appealing investment. Conversely, low Return on Assets could signal underlying management issues in assets and equity, indicating a necessity for operational refinements. Please also refer to our technical analysis and fundamental analysis pages.
Things to note about NorAm Drilling AS performance evaluation
Checking the ongoing alerts about NorAm Drilling for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for NorAm Drilling AS help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| NorAm Drilling AS appears to be risky and price may revert if volatility continues |
- Analyzing NorAm Drilling's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether NorAm Drilling's stock is overvalued or undervalued compared to its peers.
- Examining NorAm Drilling's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating NorAm Drilling's management team can have a significant impact on its success or failure. Reviewing the track record and experience of NorAm Drilling's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of NorAm Drilling's stock. These opinions can provide insight into NorAm Drilling's potential for growth and whether the stock is currently undervalued or overvalued.
Additional Tools for NorAm Stock Analysis
When running NorAm Drilling's price analysis, check to measure NorAm 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 NorAm Drilling is operating at the current time. Most of NorAm Drilling's value examination focuses on studying past and present price action to predict the probability of NorAm 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 NorAm Drilling's price. Additionally, you may evaluate how the addition of NorAm Drilling to your portfolios can decrease your overall portfolio volatility.