Borr Drilling (Norway) Price on August 16, 2024
| BORR Stock | NOK 41.42 0.08 0.19% |
If you're considering investing in Borr Stock, it is important to understand the factors that can impact its price. As of today, the current price of Borr Drilling stands at 41.42, as last reported on the 29th of November, with the highest price reaching 42.60 and the lowest price hitting 40.90 during the day. Borr Drilling secures Sharpe Ratio (or Efficiency) of -0.21, which signifies that the company had a -0.21% return per unit of risk over the last 3 months. Borr Drilling exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Borr Drilling's Standard Deviation of 2.87, risk adjusted performance of (0.15), and Mean Deviation of 2.04 to double-check the risk estimate we provide.
Borr Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Borr |
Sharpe Ratio = -0.2124
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Estimated Market Risk
| 2.91 actual daily | 25 75% of assets are more volatile |
Expected Return
| -0.62 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.21 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Borr Drilling 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 Borr Drilling by adding Borr Drilling to a well-diversified portfolio.
Borr Drilling Valuation on August 16, 2024
It is possible to determine the worth of Borr Drilling on a given historical date. On August 16, 2024 Borr was worth 70.35 at the beginning of the trading date compared to the closed value of 66.32. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Borr Drilling stock. Still, in general, we apply an absolute valuation method to find Borr Drilling'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 Borr Drilling where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Borr Drilling's related companies.
| Open | High | Low | Close | Volume | |
| 68.97 | 70.84 | 66.12 | 69.46 | 632,577 | |
08/16/2024 | 70.35 | 71.33 | 66.32 | 66.32 | 378,696 |
| 66.61 | 66.86 | 65.33 | 65.92 | 254,674 |
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Borr Drilling Trading Date Momentum on August 16, 2024
| On August 19 2024 Borr Drilling was traded for 65.92 at the closing time. The highest price during the trading period was 66.86 and the lowest recorded bid was listed for 65.33 . The volume for the day was 254.7 K. This history from August 19, 2024 contributed to the next trading day price decline. The overall trading delta to the next closing price was 0.60% . The overall trading delta to the current price is 0.35% . |
Borr Drilling Fundamentals Correlations and Trends
By evaluating Borr Drilling'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 Borr Drilling's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Borr financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Borr Drilling Stock history
Borr Drilling 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 Borr is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Borr Drilling 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 Borr Drilling stock prices may prove useful in developing a viable investing in Borr Drilling
Borr Drilling Limited operates as an offshore drilling contractor to the oil and gas industry worldwide. Borr Drilling Limited was incorporated in 2016 and is based in Hamilton, Bermuda. BORR DRILLING operates under Oil Gas Drilling classification in Norway and is traded on Oslo Stock Exchange. It employs 418 people.
Borr Drilling Stock Technical Analysis
Borr Drilling 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.
Price Boundaries
Borr Drilling Period Price Range
Low | November 29, 2024
| High |
0.00 | 0.00 |
Borr Drilling cannot be verified against its exchange. Please verify the symbol is currently traded on Oslo 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.
Borr Drilling November 29, 2024 Market Strength
Market strength indicators help investors to evaluate how Borr Drilling stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Borr Drilling shares will generate the highest return on investment. By undertsting and applying Borr Drilling stock market strength indicators, traders can identify Borr Drilling entry and exit signals to maximize returns
Borr Drilling Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Borr Drilling's price direction in advance. Along with the technical and fundamental analysis of Borr Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Borr 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.
| Risk Adjusted Performance | (0.15) | |||
| Jensen Alpha | (0.63) | |||
| Total Risk Alpha | (1.04) | |||
| Treynor Ratio | (2.44) |
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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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Borr Drilling. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. 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 Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.