NorAm Competitors

Stocks . Germany . 
Stock . NorAm Drilling AS
TM9 Stock   2.70  0.04  1.46%   
NorAm Drilling AS competes with China DatangRenewable, Alaska Air, Corsair Gaming, Data#3, and Data Modul; as well as few others. Analyzing NorAm Drilling competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of NorAm Drilling to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out NorAm Drilling Correlation with its peers.
You can use the Comparative Equity Analysis module to analyze the advantages of investing in your portfolio's related equities across multiple sectors and thematic ideas. Please use the input box below to enter symbols for particular investments you would like to analyze. With the equity comparison module, you can estimate the relative effect of NorAm Drilling competition on your existing holdings.
  
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Hype
Prediction
LowEstimatedHigh
0.332.705.07
Details
Intrinsic
Valuation
LowRealHigh
0.122.304.67
Details

NorAm Drilling Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between NorAm Drilling and its competitors represents the degree of relationship between the price movements of corresponding stocks. A correlation of about +1.0 implies that the price of NorAm and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of NorAm Drilling AS does not affect the price movement of the other competitor.
Click cells to compare fundamentals   Check Volatility   Backtest Portfolio
High positive correlations   
ISW
+ 0.74
6C2
20Y
+ 0.69
6C2
ISW
+ 0.64
20Y
6C2
+ 0.62
DT7
ISW
+ 0.62
DT7
D0D
+ 0.52
20Y
  
High negative correlations   
DAM
- 0.7
6C2
DAM
- 0.62
DT7
ISW
- 0.52
DAM
DAM
- 0.46
ALK
DAM
- 0.28
20Y
BJI
- 0.27
ALK

Risk-Adjusted Indicators

There is a big difference between NorAm Stock performing well and NorAm Drilling Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze NorAm Drilling's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.
All Fundamental Data

NorAm Drilling Competitive Analysis

The better you understand NorAm Drilling competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, NorAm Drilling's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across NorAm Drilling's competition over several years is one of the best ways to analyze its investment potential.
    
 Better Than Average     
    
 Worse Than Peers    View Performance Chart
TM9 DT7 ALK 6C2 20Y DAM ISW BJI D0D
 1.46 
 2.70 
NorAm
 3.85 
 0.25 
China
 2.11 
 48.34 
Alaska
 8.04 
 9.94 
Corsair
 1.46 
 4.04 
Data#3
 0.79 
 25.00 
Data
 1.01 
 40.20 
Information
 6.25 
 0.17 
DATANG
 0.42 
 4.72 
DICKER
Market Volatility
(90 Days Market Risk)
Unstable
Out of control
Very steady
Slightly risky
Slightly risky
Not too volatile
Very steady
Out of control
Moderately volatile
Market Performance
(90 Days Performance)
Very Weak
Weak
Very Weak
Good
Very Weak
Very Weak
OK
Weak
Very Weak
Odds of Financial Distress
(Probability Of Bankruptcy)
About Average
Low
Low
Below Average
Low
Low
Low
Quite High
Low
Current Valuation
(Equity Enterprise Value)
Over Valued
Over Valued
Over Valued
Over Valued
Fairly Valued
Over Valued
Under Valued
Over Valued
Over Valued
Buy or Sell Advice
(Average Analysts Consensus)
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Trade Advice
(90 Days Macroaxis Advice)
Strong Sell
Strong Sell
Cautious Hold
Strong Hold
Cautious Hold
Strong Sell
Strong Buy
Strong Sell
Strong Sell
Current Ratio
N/A
0.69
N/A
1.42
1.05
N/A
2.46
N/A
1.13
Net Asset
N/A
99.1 B
14.19 B
1.3 B
770.89 M
188.84 M
108.19 B
295.97 B
N/A
Profit Margin
N/A
0.2
N/A
-0.0396
0.0148
N/A
0.0976
N/A
0.0264
EBITDA
N/A
9.03 B
588 M
(1.06 M)
50.38 M
17.69 M
16.19 B
8.63 B
122.56 M
Operating Margin
N/A
0.44
N/A
-0.0395
0.021
N/A
0.14
N/A
0.0401
Current Valuation
N/A
8.42 B
6.27 B
1.72 B
546.95 M
221.07 M
1.91 B
27.98 B
N/A
Price To Book
N/A
0.45
1.5
2.98
15.59
1.59
3.76
0.31
N/A
Five Year Return
N/A
N/A
N/A
N/A
N/A
N/A
1.89
N/A
N/A
Beta
N/A
0.85
N/A
1.92
0.69
N/A
0.6
N/A
0.55
Number Of Employees
7
3.96 K
N/A
10
1.38 K
N/A
10
N/A
859
Shares Outstanding
N/A
2.5 B
N/A
101.49 M
154.6 M
N/A
65.17 M
N/A
180.09 M
Cash Flow From Operations
N/A
6 B
1.42 B
66.39 M
(22.62 M)
(15.71 M)
16.98 B
8.25 B
67.85 M
Annual Yield
N/A
0.0141
0.0208
N/A
0.0297
0.0599
0.0197
1.03
0.0506
Total Debt
N/A
42.94 B
1.88 B
232.17 M
26.87 M
N/A
N/A
111.8 B
131.1 M
Return On Equity
N/A
0.0793
N/A
-0.0882
0.59
N/A
0.18
N/A
0.46
Z Score
N/A
N/A
1.8
5.2
18.2
1.0
1.0
N/A
5.4
Return On Asset
N/A
0.0332
N/A
-0.0258
0.0887
N/A
0.1
N/A
0.0876
Book Value Per Share
N/A
4.12
N/A
6.15
0.41
N/A
1134.79
N/A
0.95
Total Asset
N/A
99.1 B
14.19 B
1.3 B
770.89 M
188.84 M
108.19 B
295.97 B
N/A
Debt To Equity
N/A
237.5
N/A
0.66
0.48
N/A
4.7
N/A
0.79
Last Dividend Paid
N/A
0.03
N/A
N/A
0.21
2.0
78.0
N/A
0.5
Target Price
N/A
N/A
N/A
39.67
N/A
N/A
N/A
N/A
N/A
Shares Owned By Institutions
N/A
36.64
N/A
78.59
15.01
N/A
11.03
N/A
3.82
Market Capitalization
N/A
2.51 B
5.73 B
1.65 B
726.57 M
218.62 M
2.13 B
5.66 B
1.22 B
Price To Earning
N/A
3.52
N/A
15.45
27.73
N/A
18.23
N/A
36.98
Price To Earnings To Growth
N/A
0.23
N/A
N/A
N/A
N/A
N/A
1.28
N/A
Price To Sales
N/A
0.17
0.64
0.94
0.31
0.83
0.0148
0.16
N/A
Net Income
N/A
1.83 B
58 M
(54.39 M)
30.26 M
7.9 M
8.94 B
(9.26 B)
59.89 M
Earnings Per Share
N/A
0.03
N/A
-0.6
0.14
N/A
1.28
N/A
0.29
Shares Owned By Insiders
N/A
11.58
N/A
3.65
12.03
N/A
64.48
N/A
65.7
Revenue
N/A
11.63 B
9.65 B
1.38 B
2.19 B
194.77 M
112.08 B
103.41 B
2.87 B
Cash And Equivalents
N/A
281.42 M
N/A
121.62 M
204.32 M
N/A
26.13 M
N/A
45.24 M
Cash Per Share
N/A
0.04
N/A
1.32
1.33
N/A
0.8
N/A
0.26
Gross Profit
N/A
10.96 B
N/A
296.63 M
65.22 M
N/A
46.79 B
N/A
235.04 M
Day Typical Price
2.7
0.25
48.38
9.94
4.04
25.0
40.2
0.17
4.72
Accumulation Distribution
N/A
N/A
0.0331
N/A
N/A
N/A
N/A
N/A
N/A
Market Facilitation Index
N/A
N/A
1.63
N/A
N/A
N/A
N/A
N/A
N/A
Daily Balance Of Power
(9,223,372,036,855)
(9,223,372,036,855)
(0.64)
9.2 T
(9,223,372,036,855)
(9,223,372,036,855)
9.2 T
9.2 T
(9,223,372,036,855)
Period Momentum Indicator
(0.04)
(0.01)
(1.04)
0.74
(0.06)
(0.20)
0.4
0.01
(0.02)
Rate Of Daily Change
0.99
0.96
0.98
1.08
0.99
0.99
1.01
1.06
1.0
Day Median Price
2.7
0.25
48.4
9.94
4.04
25.0
40.2
0.17
4.72
Price Action Indicator
(0.02)
(0.01)
(0.57)
0.37
(0.03)
(0.10)
0.2
0.005
(0.01)
Coefficient Of Variation
(2,917)
1832.72
(3,443)
789.16
(1,537)
(2,306)
911.37
5814.38
(3,838)
Mean Deviation
1.38
2.04
2.02
3.15
1.59
1.6
1.47
2.04
2.02
Jensen Alpha
(0.15)
0.1585
(0.05)
0.6773
(0.14)
(0.15)
0.2401
0.0726
(0.08)
Total Risk Alpha
0.196
0.5783
0.2872
1.08
0.1266
0.1808
0.4645
0.4883
0.273
Sortino Ratio
N/A
0.0574
N/A
0.2159
N/A
N/A
0.1449
0.026
N/A
Downside Variance
N/A
23.42
N/A
9.02
N/A
N/A
4.89
37.39
N/A
Standard Deviation
2.26
3.27
3.09
4.34
2.27
2.33
2.02
3.5
2.85
Kurtosis
4.09
2.31
6.43
3.2
6.03
2.7
2.3
0.1164
1.91
Potential Upside
4.38
4.35
3.36
8.91
2.78
3.85
3.57
6.25
4.67
Treynor Ratio
0.1544
(1.83)
(0.21)
0.4269
(0.80)
0.356
0.8084
0.2434
(1.93)
Maximum Drawdown
11.17
16.03
23.73
24.28
11.66
14.92
12.96
12.55
17.9
Variance
5.13
10.7
9.54
18.8
5.15
5.43
4.08
12.24
8.14
Market Risk Adjusted Performance
0.1644
(1.82)
(0.20)
0.4369
(0.79)
0.366
0.8184
0.2534
(1.92)
Risk Adjusted Performance
(0.02)
0.0548
(0.02)
0.1183
(0.05)
(0.03)
0.1012
0.0225
(0.02)
Skewness
(0.08)
0.5702
0.4865
1.37
(0.70)
0.5002
(0.24)
0.1071
0.3107
Semi Deviation
N/A
2.31
N/A
2.7
N/A
N/A
1.73
2.62
N/A
Information Ratio
0.0095
0.0848
0.003
0.1496
(0.02)
(0.0009)
0.1588
0.0455
0.0087
Value At Risk
(3.48)
(4.00)
(4.01)
(5.31)
(3.56)
(2.99)
(2.56)
(5.88)
(4.67)
Expected Short fall
N/A
(4.98)
N/A
(4.11)
N/A
N/A
(1.83)
(6.19)
N/A
Downside Deviation
N/A
4.84
N/A
3.0
N/A
N/A
2.21
6.11
N/A
Semi Variance
N/A
5.33
N/A
7.31
N/A
N/A
2.99
6.86
N/A

NorAm Drilling Competition Performance Charts

Five steps to successful analysis of NorAm Drilling Competition

NorAm Drilling's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by NorAm Drilling AS in relation to its competition. NorAm Drilling's competition analysis typically involves several steps, including:
  • Identifying the key players in the market: This involves identifying the major competitors of NorAm Drilling in the market, both direct and indirect, as well as new entrants and disruptive technologies.
  • Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
  • Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact NorAm Drilling's competitive landscape.
  • Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to NorAm Drilling AS, and developing a strategy to address them.
  • Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

Complement your NorAm Drilling position

In addition to having NorAm Drilling in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

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Video Games
Video Games Theme
Companies that are involved in the building and marketing of video games or gaming software. The Video Games theme has 22 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Video Games Theme or any other thematic opportunities.
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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.
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