SD Standard (Norway) Market Value
| SDSD Stock | NOK 1.71 0.01 0.59% |
| Symbol | SDSD |
SD Standard '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 SD Standard'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 SD Standard.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in SD Standard on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding SD Standard Drilling or generate 0.0% return on investment in SD Standard over 30 days. SD Standard is related to or competes with DnB ASA, Mowi ASA, Yara International, Telenor ASA, and Aker BP. The company was founded in 2010 and is headquartered in Limassol, Cyprus More
SD Standard 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 SD Standard'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 SD Standard Drilling upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.14 | |||
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 4.2 | |||
| Value At Risk | (1.80) | |||
| Potential Upside | 1.25 |
SD Standard Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SD Standard's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SD Standard's standard deviation. In reality, there are many statistical measures that can use SD Standard historical prices to predict the future SD Standard's volatility.| Risk Adjusted Performance | 0.0565 | |||
| Jensen Alpha | 0.05 | |||
| Total Risk Alpha | (0.10) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | 0.949 |
SD Standard Drilling Backtested Returns
As of now, SDSD Stock is slightly risky. SD Standard Drilling retains Efficiency (Sharpe Ratio) of 0.0922, which indicates the firm had a 0.0922% return per unit of price deviation over the last 3 months. We have found twenty-nine technical indicators for SD Standard, which you can use to evaluate the volatility of the company. Please validate SD Standard's Downside Deviation of 1.14, mean deviation of 0.7394, and Risk Adjusted Performance of 0.0565 to confirm if the risk estimate we provide is consistent with the expected return of 0.0863%. SD Standard has a performance score of 7 on a scale of 0 to 100. The entity owns a Beta (Systematic Risk) of 0.0609, which indicates not very significant fluctuations relative to the market. As returns on the market increase, SD Standard's returns are expected to increase less than the market. However, during the bear market, the loss of holding SD Standard is expected to be smaller as well. SD Standard Drilling today owns a risk of 0.94%. Please validate SD Standard Drilling semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to decide if SD Standard Drilling will be following its current price history.
Auto-correlation | -0.51 |
Good reverse predictability
SD Standard Drilling has good reverse predictability. Overlapping area represents the amount of predictability between SD Standard time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of SD Standard Drilling price movement. The serial correlation of -0.51 indicates that about 51.0% of current SD Standard price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.51 | |
| Spearman Rank Test | 0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
SD Standard Drilling lagged returns against current returns
Autocorrelation, which is SD Standard 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 SD Standard's stock expected returns. We can calculate the autocorrelation of SD Standard returns to help us make a trade decision. For example, suppose you find that SD Standard 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 |
SD Standard 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 SD Standard stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SD Standard stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SD Standard stock over time.
Current vs Lagged Prices |
| Timeline |
SD Standard Lagged Returns
When evaluating SD Standard's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SD Standard stock have on its future price. SD Standard 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, SD Standard autocorrelation shows the relationship between SD Standard stock current value and its past values and can show if there is a momentum factor associated with investing in SD Standard Drilling.
Regressed Prices |
| Timeline |
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Try AI Portfolio ArchitectOther Information on Investing in SDSD Stock
SD Standard financial ratios help investors to determine whether SDSD 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 SDSD with respect to the benefits of owning SD Standard security.