Dolphin Drilling (Norway) Market Value
| DDRIL Stock | 3.02 0.02 0.67% |
| Symbol | Dolphin |
Dolphin 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 Dolphin 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 Dolphin Drilling.
| 11/20/2024 |
| 02/18/2025 |
If you would invest 0.00 in Dolphin Drilling on November 20, 2024 and sell it all today you would earn a total of 0.00 from holding Dolphin Drilling AS or generate 0.0% return on investment in Dolphin Drilling over 90 days. Dolphin Drilling is related to or competes with Odfjell Drilling, Solstad Offsho, Kongsberg Automotive, Elkem ASA, Integrated Wind, Vow ASA, and North Energy. More
Dolphin 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 Dolphin 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 Dolphin Drilling AS upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 32.58 | |||
| Value At Risk | (5.14) | |||
| Potential Upside | 5.0 |
Dolphin Drilling Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dolphin Drilling's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dolphin Drilling's standard deviation. In reality, there are many statistical measures that can use Dolphin Drilling historical prices to predict the future Dolphin Drilling's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.28) | |||
| Total Risk Alpha | (0.29) | |||
| Treynor Ratio | (0.20) |
Dolphin Drilling Backtested Returns
Dolphin Drilling secures Sharpe Ratio (or Efficiency) of -0.0704, which denotes the company had a -0.0704 % return per unit of risk over the last 3 months. Dolphin Drilling AS exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Dolphin Drilling's Mean Deviation of 2.44, variance of 17.31, and Standard Deviation of 4.16 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.36, which means a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Dolphin Drilling will likely underperform. At this point, Dolphin Drilling has a negative expected return of -0.3%. Please make sure to confirm Dolphin Drilling's value at risk, as well as the relationship between the daily balance of power and period momentum indicator , to decide if Dolphin Drilling performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.52 |
Good reverse predictability
Dolphin Drilling AS has good reverse predictability. Overlapping area represents the amount of predictability between Dolphin Drilling time series from 20th of November 2024 to 4th of January 2025 and 4th of January 2025 to 18th of February 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 Dolphin Drilling price movement. The serial correlation of -0.52 indicates that about 52.0% of current Dolphin Drilling price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.52 | |
| Spearman Rank Test | -0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Dolphin Drilling lagged returns against current returns
Autocorrelation, which is Dolphin 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 Dolphin Drilling's stock expected returns. We can calculate the autocorrelation of Dolphin Drilling returns to help us make a trade decision. For example, suppose you find that Dolphin 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 |
Dolphin 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 Dolphin Drilling stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dolphin Drilling stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Dolphin Drilling stock over time.
Current vs Lagged Prices |
| Timeline |
Dolphin Drilling Lagged Returns
When evaluating Dolphin Drilling's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dolphin Drilling stock have on its future price. Dolphin 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, Dolphin Drilling autocorrelation shows the relationship between Dolphin Drilling stock current value and its past values and can show if there is a momentum factor associated with investing in Dolphin Drilling AS.
Regressed Prices |
| Timeline |
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Dolphin Drilling financial ratios help investors to determine whether Dolphin 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 Dolphin with respect to the benefits of owning Dolphin Drilling security.