Odfjell Drilling (Norway) Market Value
| ODL Stock | NOK 72.80 0.20 0.28% |
| 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.
| 04/24/2025 |
| 07/23/2025 |
If you would invest 0.00 in Odfjell Drilling on April 24, 2025 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 90 days. Odfjell Drilling is related to or competes with Deep Value, Shelf Drilling, Northern Ocean, BW Offshore, and Subsea 7. Odfjell Drilling Ltd. operates as an integrated offshore drilling, well service, and engineering company worldwide 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 | 0.9673 | |||
| Information Ratio | 0.2439 | |||
| Maximum Drawdown | 7.1 | |||
| Value At Risk | (1.38) | |||
| Potential Upside | 2.43 |
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 | 0.367 | |||
| Jensen Alpha | 0.5435 | |||
| Total Risk Alpha | 0.2224 | |||
| Sortino Ratio | 0.3302 | |||
| Treynor Ratio | (5.87) |
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 0.41, which implies the firm had a 0.41 % return per unit of risk over the last 3 months. By analyzing Odfjell Drilling's technical indicators, you can evaluate if the expected return of 0.54% is justified by implied risk. Please evaluate Odfjell Drilling's Semi Deviation of 0.2515, risk adjusted performance of 0.367, and Coefficient Of Variation of 244.65 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 32. The company holds a Beta of -0.0894, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Odfjell Drilling are expected to decrease at a much lower rate. During the bear market, Odfjell Drilling is likely to outperform the market. Please check Odfjell Drilling's standard deviation, value at risk, kurtosis, as well as the relationship between the sortino ratio and semi variance , to make a quick decision on whether Odfjell Drilling's historical price patterns will revert.
Auto-correlation | 0.59 |
Modest predictability
Odfjell Drilling has modest predictability. Overlapping area represents the amount of predictability between Odfjell Drilling time series from 24th of April 2025 to 8th of June 2025 and 8th of June 2025 to 23rd of July 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 0.59 indicates that roughly 59.0% of current Odfjell Drilling price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.59 | |
| Spearman Rank Test | 0.64 | |
| Residual Average | 0.0 | |
| Price Variance | 3.22 |
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 |
| Timeline |
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 |
| Timeline |
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 |
| Timeline |
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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.