ODFJELL DRILLLTD (Germany) Market Value
| OD3 Stock | EUR 5.45 0.03 0.55% |
| Symbol | ODFJELL |
ODFJELL DRILLLTD '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 ODFJELL DRILLLTD'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 ODFJELL DRILLLTD.
| 01/28/2025 |
| 02/27/2025 |
If you would invest 0.00 in ODFJELL DRILLLTD on January 28, 2025 and sell it all today you would earn a total of 0.00 from holding ODFJELL DRILLLTD DL 01 or generate 0.0% return on investment in ODFJELL DRILLLTD over 30 days. ODFJELL DRILLLTD is related to or competes with Tianjin Capital, SHELF DRILLING, Mount Gibson, SILICON LABORATOR, Silicon Motion, and Sanyo Chemical. Odfjell Drilling Ltd. operates as an integrated offshore drilling, well service, and engineering company worldwide More
ODFJELL DRILLLTD 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 ODFJELL DRILLLTD'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 ODFJELL DRILLLTD DL 01 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.18 | |||
| Information Ratio | 0.1549 | |||
| Maximum Drawdown | 10.76 | |||
| Value At Risk | (3.43) | |||
| Potential Upside | 4.46 |
ODFJELL DRILLLTD Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ODFJELL DRILLLTD's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ODFJELL DRILLLTD's standard deviation. In reality, there are many statistical measures that can use ODFJELL DRILLLTD historical prices to predict the future ODFJELL DRILLLTD's volatility.| Risk Adjusted Performance | 0.1218 | |||
| Jensen Alpha | 0.342 | |||
| Total Risk Alpha | 0.363 | |||
| Sortino Ratio | 0.1604 | |||
| Treynor Ratio | (1.91) |
ODFJELL DRILLLTD Backtested Returns
ODFJELL DRILLLTD appears to be slightly risky, given 3 months investment horizon. ODFJELL DRILLLTD maintains Sharpe Ratio (i.e., Efficiency) of 0.23, which implies the firm had a 0.23 % return per unit of risk over the last 3 months. By evaluating ODFJELL DRILLLTD's technical indicators, you can evaluate if the expected return of 0.52% is justified by implied risk. Please evaluate ODFJELL DRILLLTD's Semi Deviation of 2.01, risk adjusted performance of 0.1218, and Mean Deviation of 1.71 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, ODFJELL DRILLLTD holds a performance score of 17. The company holds a Beta of -0.18, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning ODFJELL DRILLLTD are expected to decrease at a much lower rate. During the bear market, ODFJELL DRILLLTD is likely to outperform the market. Please check ODFJELL DRILLLTD's information ratio, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether ODFJELL DRILLLTD's historical price patterns will revert.
Auto-correlation | 0.36 |
Below average predictability
ODFJELL DRILLLTD DL 01 has below average predictability. Overlapping area represents the amount of predictability between ODFJELL DRILLLTD time series from 28th of January 2025 to 12th of February 2025 and 12th of February 2025 to 27th 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 ODFJELL DRILLLTD price movement. The serial correlation of 0.36 indicates that just about 36.0% of current ODFJELL DRILLLTD price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.36 | |
| Spearman Rank Test | 0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
ODFJELL DRILLLTD lagged returns against current returns
Autocorrelation, which is ODFJELL DRILLLTD 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 ODFJELL DRILLLTD's stock expected returns. We can calculate the autocorrelation of ODFJELL DRILLLTD returns to help us make a trade decision. For example, suppose you find that ODFJELL DRILLLTD 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 |
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ODFJELL DRILLLTD 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 ODFJELL DRILLLTD stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ODFJELL DRILLLTD stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ODFJELL DRILLLTD stock over time.
Current vs Lagged Prices |
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ODFJELL DRILLLTD Lagged Returns
When evaluating ODFJELL DRILLLTD's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ODFJELL DRILLLTD stock have on its future price. ODFJELL DRILLLTD 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, ODFJELL DRILLLTD autocorrelation shows the relationship between ODFJELL DRILLLTD stock current value and its past values and can show if there is a momentum factor associated with investing in ODFJELL DRILLLTD DL 01.
Regressed Prices |
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Currently Active Assets on Macroaxis
Other Information on Investing in ODFJELL Stock
ODFJELL DRILLLTD financial ratios help investors to determine whether ODFJELL 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 ODFJELL with respect to the benefits of owning ODFJELL DRILLLTD security.