Shelf Drilling (Norway) Market Value
| SHLF Stock | 18.76 0.02 0.11% |
| Symbol | Shelf |
Shelf Drilling '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 Shelf Drilling'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 Shelf Drilling.
| 03/03/2024 |
| 05/02/2024 |
If you would invest 0.00 in Shelf Drilling on March 3, 2024 and sell it all today you would earn a total of 0.00 from holding Shelf Drilling or generate 0.0% return on investment in Shelf Drilling over 60 days. Shelf Drilling is related to or competes with Odfjell Drilling, PGS ASA, Solstad Offsho, and Kongsberg Automotive. More
Shelf Drilling 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 Shelf Drilling'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 Shelf Drilling upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 34.0 | |||
| Value At Risk | (4.85) | |||
| Potential Upside | 3.71 |
Shelf Drilling Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shelf Drilling's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shelf Drilling's standard deviation. In reality, there are many statistical measures that can use Shelf Drilling historical prices to predict the future Shelf Drilling's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.56) | |||
| Total Risk Alpha | (0.90) | |||
| Treynor Ratio | 0.7693 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Shelf Drilling's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Shelf Drilling Backtested Returns
Shelf Drilling owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.14, which indicates the firm had a -0.14% return per unit of risk over the last 3 months. Shelf Drilling exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Shelf Drilling's Risk Adjusted Performance of (0.08), variance of 18.51, and Coefficient Of Variation of (729.88) to confirm the risk estimate we provide. The entity has a beta of -0.78, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Shelf Drilling are expected to decrease at a much lower rate. During the bear market, Shelf Drilling is likely to outperform the market. Shelf Drilling has an expected return of -0.59%. Please make sure to validate Shelf Drilling standard deviation, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if Shelf Drilling performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.37 |
Below average predictability
Shelf Drilling has below average predictability. Overlapping area represents the amount of predictability between Shelf Drilling time series from 3rd of March 2024 to 2nd of April 2024 and 2nd of April 2024 to 2nd of May 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 Shelf Drilling price movement. The serial correlation of 0.37 indicates that just about 37.0% of current Shelf Drilling price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.37 | |
| Spearman Rank Test | 0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 0.15 |
Shelf Drilling lagged returns against current returns
Autocorrelation, which is Shelf Drilling 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 Shelf Drilling's stock expected returns. We can calculate the autocorrelation of Shelf Drilling returns to help us make a trade decision. For example, suppose you find that Shelf Drilling 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 |
Shelf Drilling 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 Shelf Drilling stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shelf Drilling stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shelf Drilling stock over time.
Current vs Lagged Prices |
| Timeline |
Shelf Drilling Lagged Returns
When evaluating Shelf Drilling's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shelf Drilling stock have on its future price. Shelf Drilling 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, Shelf Drilling autocorrelation shows the relationship between Shelf Drilling stock current value and its past values and can show if there is a momentum factor associated with investing in Shelf Drilling.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Check out Shelf Drilling Correlation, Shelf Drilling Volatility and Shelf Drilling Alpha and Beta module to complement your research on Shelf Drilling. You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
Complementary Tools for Shelf Stock analysis
When running Shelf Drilling's price analysis, check to measure Shelf 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 Shelf Drilling is operating at the current time. Most of Shelf Drilling's value examination focuses on studying past and present price action to predict the probability of Shelf 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 Shelf Drilling's price. Additionally, you may evaluate how the addition of Shelf Drilling to your portfolios can decrease your overall portfolio volatility.
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Shelf 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.