SD Standard (Norway) Market Value
| SDSD Stock | NOK 1.70 0.02 1.16% |
| 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.
| 11/20/2024 |
| 02/18/2025 |
If you would invest 0.00 in SD Standard on November 20, 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 90 days. SD Standard is related to or competes with Odfjell Drilling, Solstad Offsho, Reach Subsea, and Eidesvik Offshore. 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.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 4.74 | |||
| Value At Risk | (1.16) | |||
| Potential Upside | 1.18 |
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 | (0.01) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.03) | |||
| Treynor Ratio | 0.0871 |
SD Standard Drilling Backtested Returns
SD Standard Drilling retains Efficiency (Sharpe Ratio) of close to zero, which indicates the firm had a close to zero % return per unit of price deviation over the last 3 months. SD Standard exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate SD Standard's Mean Deviation of 0.5205, risk adjusted performance of (0.01), and Standard Deviation of 0.7727 to confirm the risk estimate we provide. The entity owns a Beta (Systematic Risk) of -0.28, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning SD Standard are expected to decrease at a much lower rate. During the bear market, SD Standard is likely to outperform the market. At this point, SD Standard Drilling has a negative expected return of -0.0068%. Please make sure to validate SD Standard's market risk adjusted performance, coefficient of variation, jensen alpha, as well as the relationship between the mean deviation and standard deviation , to decide if SD Standard Drilling performance from the past will be repeated sooner or later.
Auto-correlation | -0.21 |
Weak reverse predictability
SD Standard Drilling has weak reverse predictability. Overlapping area represents the amount of predictability between SD Standard 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 SD Standard Drilling price movement. The serial correlation of -0.21 indicates that over 21.0% of current SD Standard price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.21 | |
| Spearman Rank Test | -0.46 | |
| 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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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.