Offshore Oil (China) Price on June 4, 2024

600583 Stock   5.36  0.11  2.01%   
Below is the normalized historical share price chart for Offshore Oil Engineering extending back to February 05, 2002. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Offshore Oil stands at 5.36, as last reported on the 3rd of January, with the highest price reaching 5.51 and the lowest price hitting 5.30 during the day.
IPO Date
21st of January 2002
200 Day MA
5.7959
50 Day MA
5.4932
Beta
0.731
 
Housing Crash
 
Credit Downgrade
 
Yuan Drop
 
Covid
If you're considering investing in Offshore Stock, it is important to understand the factors that can impact its price. Offshore Oil Engineering maintains Sharpe Ratio (i.e., Efficiency) of -0.11, which implies the firm had a -0.11% return per unit of risk over the last 3 months. Offshore Oil Engineering exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Offshore Oil's Risk Adjusted Performance of 0.0337, semi deviation of 2.12, and Coefficient Of Variation of 2906.83 to confirm the risk estimate we provide.
  
The current year's Total Stockholder Equity is expected to grow to about 29.9 B, whereas Common Stock is forecasted to decline to about 3.1 B. . Offshore Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.1051

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Negative Returns600583

Estimated Market Risk

 1.69
  actual daily
15
85% of assets are more volatile

Expected Return

 -0.18
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.11
  actual daily
0
Most of other assets perform better
Based on monthly moving average Offshore Oil is not performing at its full potential. However, 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 Offshore Oil by adding Offshore Oil to a well-diversified portfolio.
Price Book
0.9337
Enterprise Value Ebitda
3.8898
Price Sales
0.7785
Shares Float
B
Wall Street Target Price
5.95

Offshore Oil Main Headline on 4th of June 2024

BOMESC Offshore Engineerings Returns On Capital Are Heading Higher Simply Wall St

Offshore Oil Valuation on June 4, 2024

It is possible to determine the worth of Offshore Oil on a given historical date. On June 4, 2024 Offshore was worth 6.1 at the beginning of the trading date compared to the closed value of 6.22. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Offshore Oil stock. Still, in general, we apply an absolute valuation method to find Offshore Oil's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Offshore Oil where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Offshore Oil's related companies.
 Open High Low Close Volume
  6.15    6.21    6.09    6.13    20,824,185  
06/04/2024
  6.10    6.24    6.07    6.22    23,755,607  
  6.22    6.24    6.09    6.09    22,412,900  
Backtest Offshore Oil  |  Offshore Oil History  |  Offshore Oil Valuation   PreviousNext  
Open Value
6.1
6.22
Closing Value
11.18
Upside

Offshore Oil Trading Date Momentum on June 4, 2024

On June 05 2024 Offshore Oil Engineering was traded for  6.09  at the closing time. The highest price during the trading period was 6.24  and the lowest recorded bid was listed for  6.09 . The volume for the day was 22.4 M. This history from June 5, 2024 contributed to the next trading day price decline. The daily price change to the next closing price was 2.09% . The trading delta at closing time to the current price is 5.63% .

Offshore Oil Engineering Fundamentals Correlations and Trends

By evaluating Offshore Oil's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Offshore Oil's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Offshore financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Offshore Oil Stock history

Offshore Oil investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Offshore is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Offshore Oil Engineering will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Offshore Oil stock prices may prove useful in developing a viable investing in Offshore Oil
Last ReportedProjected for Next Year
Common Stock Shares OutstandingB3.5 B
Net Income Applicable To Common Shares1.7 BB

Offshore Oil Quarterly Net Working Capital

10.08 Billion

Offshore Oil Stock Technical Analysis

Offshore Oil technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Offshore Oil technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Offshore Oil trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Offshore Oil Period Price Range

Low
January 3, 2025
0.00  NaN%
High

 0.00 

     

 0.00 

Offshore Oil Engineering cannot be verified against its exchange. Please verify the symbol is currently traded on Shanghai Stock Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.

Offshore Oil January 3, 2025 Market Strength

Market strength indicators help investors to evaluate how Offshore Oil stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Offshore Oil shares will generate the highest return on investment. By undertsting and applying Offshore Oil stock market strength indicators, traders can identify Offshore Oil Engineering entry and exit signals to maximize returns

Offshore Oil Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Offshore Oil's price direction in advance. Along with the technical and fundamental analysis of Offshore Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Offshore to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.

Complementary Tools for Offshore Stock analysis

When running Offshore Oil's price analysis, check to measure Offshore Oil'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 Offshore Oil is operating at the current time. Most of Offshore Oil's value examination focuses on studying past and present price action to predict the probability of Offshore Oil's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Offshore Oil's price. Additionally, you may evaluate how the addition of Offshore Oil to your portfolios can decrease your overall portfolio volatility.
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