Odfjell Drilling (UK) Technical Analysis
| 0QHX Stock | 48.50 0.15 0.31% |
As of the 2nd of December, Odfjell Drilling holds the Risk Adjusted Performance of (0.04), variance of 3.81, and Coefficient Of Variation of (1,765). Odfjell Drilling technical analysis gives you tools to exploit past prices in attempt to determine a pattern that determines the direction of the company's future prices. Please check Odfjell Drilling coefficient of variation, variance, and the relationship between the mean deviation and standard deviation to decide if Odfjell Drilling is priced some-what accurately, providing market reflects its current price of 48.5 per share.
Odfjell Drilling Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Odfjell, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to OdfjellOdfjell |
Odfjell Drilling technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Odfjell Drilling Technical Analysis
The output start index for this execution was thirty-six with a total number of output elements of twenty-five. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Odfjell Drilling volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Odfjell Drilling Trend Analysis
Use this graph to draw trend lines for Odfjell Drilling. You can use it to identify possible trend reversals for Odfjell Drilling as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Odfjell Drilling price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Odfjell Drilling Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Odfjell Drilling applied against its price change over selected period. The best fit line has a slop of 0.02 , which may suggest that Odfjell Drilling market price will keep on failing further. It has 122 observation points and a regression sum of squares at 15.21, which is the sum of squared deviations for the predicted Odfjell Drilling price change compared to its average price change.About Odfjell Drilling Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Odfjell Drilling on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Odfjell Drilling based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Odfjell Drilling price pattern first instead of the macroeconomic environment surrounding Odfjell Drilling. By analyzing Odfjell Drilling's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Odfjell Drilling's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Odfjell Drilling specific price patterns or momentum indicators. Please read more on our technical analysis page.
Odfjell Drilling December 2, 2024 Technical Indicators
Most technical analysis of Odfjell help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Odfjell from various momentum indicators to cycle indicators. When you analyze Odfjell charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
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| Price Transform | ||
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| Volume Indicators |
| Risk Adjusted Performance | (0.04) | |||
| Market Risk Adjusted Performance | (0.39) | |||
| Mean Deviation | 1.49 | |||
| Coefficient Of Variation | (1,765) | |||
| Standard Deviation | 1.95 | |||
| Variance | 3.81 | |||
| Information Ratio | (0.13) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.45) | |||
| Treynor Ratio | (0.40) | |||
| Maximum Drawdown | 9.71 | |||
| Value At Risk | (3.81) | |||
| Potential Upside | 2.76 | |||
| Skewness | (0.84) | |||
| Kurtosis | 1.34 |
Additional Tools for Odfjell Stock Analysis
When running Odfjell Drilling's price analysis, check to measure Odfjell Drilling'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 Odfjell Drilling is operating at the current time. Most of Odfjell Drilling's value examination focuses on studying past and present price action to predict the probability of Odfjell Drilling's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Odfjell Drilling's price. Additionally, you may evaluate how the addition of Odfjell Drilling to your portfolios can decrease your overall portfolio volatility.