NorAm Drilling (Norway) Performance
| NORAM Stock | 31.75 0.15 0.47% |
NorAm Drilling has a performance score of 3 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.52, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, NorAm Drilling's returns are expected to increase less than the market. However, during the bear market, the loss of holding NorAm Drilling is expected to be smaller as well. NorAm Drilling AS right now secures a risk of 1.88%. Please verify NorAm Drilling AS kurtosis, as well as the relationship between the day median price and period momentum indicator , to decide if NorAm Drilling AS will be following its current price movements.
Risk-Adjusted Performance
Insignificant
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Compared to the overall equity markets, risk-adjusted returns on investments in NorAm Drilling AS are ranked lower than 3 (%) of all global equities and portfolios over the last 90 days. In spite of very healthy basic indicators, NorAm Drilling is not utilizing all of its potentials. The latest stock price disarray, may contribute to short-term losses for the investors. ...more
| Total Cashflows From Investing Activities | -3.4 M |
NorAm |
NorAm Drilling Relative Risk vs. Return Landscape
If you would invest 3,063 in NorAm Drilling AS on December 23, 2024 and sell it today you would earn a total of 112.00 from holding NorAm Drilling AS or generate 3.66% return on investment over 90 days. NorAm Drilling AS is generating 0.0761% of daily returns and assumes 1.8766% volatility on return distribution over the 90 days horizon. Simply put, 16% of stocks are less volatile than NorAm, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
NorAm Drilling Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for NorAm Drilling's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as NorAm Drilling AS, and traders can use it to determine the average amount a NorAm Drilling's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.0406
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Estimated Market Risk
| 1.88 actual daily | 16 84% of assets are more volatile |
Expected Return
| 0.08 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.04 actual daily | 3 97% of assets perform better |
Based on monthly moving average NorAm Drilling is performing at about 3% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of NorAm Drilling by adding it to a well-diversified portfolio.
NorAm Drilling Fundamentals Growth
NorAm Stock prices reflect investors' perceptions of the future prospects and financial health of NorAm Drilling, and NorAm Drilling fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on NorAm Stock performance.
| Return On Equity | -0.36 | |||
| Return On Asset | -0.0141 | |||
| Profit Margin | (0.15) % | |||
| Operating Margin | (0.04) % | |||
| Current Valuation | 3.11 B | |||
| Shares Outstanding | 43.14 M | |||
| Price To Book | 9.33 X | |||
| Price To Sales | 29.49 X | |||
| Revenue | 50.38 M | |||
| EBITDA | 15.9 M | |||
| Cash And Equivalents | 12.78 M | |||
| Total Debt | 80 M | |||
| Book Value Per Share | 1.17 X | |||
| Cash Flow From Operations | (1.96 M) | |||
| Total Asset | 122.07 M | |||
About NorAm Drilling Performance
By examining NorAm Drilling's fundamental ratios, stakeholders can obtain critical insights into NorAm Drilling's financial health, operational efficiency, and overall profitability. These insights assist in making well-informed investment and management decisions. For example, a high Return on Assets and Return on Equity would indicate that NorAm Drilling is effectively utilizing its assets and equity to generate significant profits, enhancing its appeal to investors. On the other hand, low ROA and ROE values could reveal issues in asset and equity management, highlighting the need for operational improvements.
Things to note about NorAm Drilling AS performance evaluation
Checking the ongoing alerts about NorAm Drilling for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for NorAm Drilling AS help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| The company reported the revenue of 50.38 M. Net Loss for the year was (19.53 M) with profit before overhead, payroll, taxes, and interest of 33.99 M. | |
| NorAm Drilling AS has accumulated about 12.78 M in cash with (1.96 M) of positive cash flow from operations. |
- Analyzing NorAm Drilling's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether NorAm Drilling's stock is overvalued or undervalued compared to its peers.
- Examining NorAm Drilling's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating NorAm Drilling's management team can have a significant impact on its success or failure. Reviewing the track record and experience of NorAm Drilling's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of NorAm Drilling's stock. These opinions can provide insight into NorAm Drilling's potential for growth and whether the stock is currently undervalued or overvalued.
Other Information on Investing in NorAm Stock
NorAm Drilling financial ratios help investors to determine whether NorAm 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 NorAm with respect to the benefits of owning NorAm Drilling security.