Transocean (Mexico) Market Value
| RIGN Stock | MXN 54.00 0.00 0.00% |
| Symbol | Transocean |
Transocean '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 Transocean'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 Transocean.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Transocean on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Transocean or generate 0.0% return on investment in Transocean over 90 days. Transocean is related to or competes with First Majestic, Air Transport, Costco Wholesale, Delta Air, Grupo Hotelero, and McEwen Mining. Transocean Ltd., together with its subsidiaries, provides offshore contract drilling services for oil and gas wells worl... More
Transocean 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 Transocean'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 Transocean upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 37.14 | |||
| Value At Risk | (10.00) |
Transocean Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Transocean's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Transocean's standard deviation. In reality, there are many statistical measures that can use Transocean historical prices to predict the future Transocean's volatility.| Risk Adjusted Performance | (0.12) | |||
| Jensen Alpha | (0.56) | |||
| Total Risk Alpha | (0.11) | |||
| Treynor Ratio | (0.87) |
Transocean Backtested Returns
Transocean owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.11, which indicates the firm had a -0.11 % return per unit of risk over the last 3 months. Transocean exposes seventeen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Transocean's Coefficient Of Variation of (665.54), variance of 17.36, and Risk Adjusted Performance of (0.12) to confirm the risk estimate we provide. The entity has a beta of 0.73, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Transocean's returns are expected to increase less than the market. However, during the bear market, the loss of holding Transocean is expected to be smaller as well. At this point, Transocean has a negative expected return of -0.49%. Please make sure to validate Transocean's variance, jensen alpha, and the relationship between the standard deviation and information ratio , to decide if Transocean performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.56 |
Good reverse predictability
Transocean has good reverse predictability. Overlapping area represents the amount of predictability between Transocean time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th of March 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 Transocean price movement. The serial correlation of -0.56 indicates that roughly 56.0% of current Transocean price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.56 | |
| Spearman Rank Test | -0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 103.9 |
Transocean lagged returns against current returns
Autocorrelation, which is Transocean 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 Transocean's stock expected returns. We can calculate the autocorrelation of Transocean returns to help us make a trade decision. For example, suppose you find that Transocean 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 |
Transocean 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 Transocean stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Transocean stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Transocean stock over time.
Current vs Lagged Prices |
| Timeline |
Transocean Lagged Returns
When evaluating Transocean's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Transocean stock have on its future price. Transocean 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, Transocean autocorrelation shows the relationship between Transocean stock current value and its past values and can show if there is a momentum factor associated with investing in Transocean.
Regressed Prices |
| Timeline |
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When running Transocean's price analysis, check to measure Transocean'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 Transocean is operating at the current time. Most of Transocean's value examination focuses on studying past and present price action to predict the probability of Transocean's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Transocean's price. Additionally, you may evaluate how the addition of Transocean to your portfolios can decrease your overall portfolio volatility.