Borr Drilling (Norway) Probability of Future Stock Price Finishing Under 41.42
| BORR Stock | NOK 41.42 0.08 0.19% |
Borr |
Borr Drilling Target Price Odds to finish below 41.42
The tendency of Borr Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to move below current price in 90 days |
| 41.42 | 90 days | 41.42 | nearly 4.42 |
Based on a normal probability distribution, the odds of Borr Drilling to move below current price in 90 days from now is nearly 4.42 (This Borr Drilling probability density function shows the probability of Borr Stock to fall within a particular range of prices over 90 days) .
Assuming the 90 days trading horizon Borr Drilling has a beta of 0.25 suggesting as returns on the market go up, Borr Drilling average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Borr Drilling will be expected to be much smaller as well. Additionally Borr Drilling has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Borr Drilling Price Density |
| Price |
Predictive Modules for Borr Drilling
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Borr Drilling. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Borr Drilling Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Borr Drilling is not an exception. The market had few large corrections towards the Borr Drilling's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Borr Drilling, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Borr Drilling within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.63 | |
β | Beta against Dow Jones | 0.25 | |
σ | Overall volatility | 6.83 | |
Ir | Information ratio | -0.25 |
Borr Drilling Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Borr Drilling for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Borr Drilling can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Borr Drilling generated a negative expected return over the last 90 days | |
| The company reported the revenue of 245.3 M. Net Loss for the year was (193 M) with profit before overhead, payroll, taxes, and interest of 64.8 M. | |
| Borr Drilling has accumulated about 34.9 M in cash with (58.9 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.12. |
Borr Drilling Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Borr Stock often depends not only on the future outlook of the current and potential Borr Drilling's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Borr Drilling's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 136.8 M | |
| Cash And Short Term Investments | 34.9 M |
Borr Drilling Technical Analysis
Borr Drilling's future price can be derived by breaking down and analyzing its technical indicators over time. Borr Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Borr Drilling. In general, you should focus on analyzing Borr Stock price patterns and their correlations with different microeconomic environments and drivers.
Borr Drilling Predictive Forecast Models
Borr Drilling's time-series forecasting models is one of many Borr Drilling's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Borr Drilling's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Borr Drilling
Checking the ongoing alerts about Borr Drilling for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Borr Drilling help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Borr Drilling generated a negative expected return over the last 90 days | |
| The company reported the revenue of 245.3 M. Net Loss for the year was (193 M) with profit before overhead, payroll, taxes, and interest of 64.8 M. | |
| Borr Drilling has accumulated about 34.9 M in cash with (58.9 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.12. |
Additional Information and Resources on Investing in Borr Stock
When determining whether Borr Drilling is a strong investment it is important to analyze Borr Drilling'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 Borr Drilling's future performance. For an informed investment choice regarding Borr Stock, refer to the following important reports:Check out Borr Drilling Backtesting, Borr Drilling Valuation, Borr Drilling Correlation, Borr Drilling Hype Analysis, Borr Drilling Volatility, Borr Drilling History as well as Borr Drilling Performance. For more information on how to buy Borr Stock please use our How to buy in Borr Stock guide.You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.