Northern Ocean Financials
| NOL Stock | NOK 7.46 0.28 3.62% |
Northern |
Northern Ocean Stock Summary
Northern Ocean competes with Borr Drilling, Odfjell Drilling, Shelf Drilling, Deep Value, and Odfjell Technology. Northern Ocean Ltd., together with its subsidiaries, provides offshore contract drilling services for the oil and gas industry worldwide. The company was incorporated in 2017 and is based in Hamilton, Bermuda. NORTHERN OCEAN is traded on Oslo Stock Exchange in Norway.| Foreign Associate | Germany |
| Instrument | Norway Stock View All |
| Exchange | Oslo Stock Exchange |
| ISIN | BMG6682J1036 |
| Business Address | Par-la-Ville Place, Hamilton, |
| Sector | Energy |
| Industry | Oil & Gas Drilling |
| Benchmark | Dow Jones Industrial |
| Website | www.northernocean.no |
| Phone | 441 295 9500 |
| Currency | NOK - Kroner |
You should never invest in Northern Ocean without having analyzed its financial statements. Do not rely on someone else's analysis or guesses about the future performance of Northern Stock, because this is throwing your money away. Analyzing the key information contained in Northern Ocean's financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.
Northern Ocean Key Financial Ratios
There are many critical financial ratios that Northern Ocean's investors are exposed to on a daily basis, but they are usually grouped into few meaningful categories from each financial statement that Northern Ocean reports annually and quarterly.| Return On Equity | -0.0411 | |||
| Return On Asset | -0.0297 | |||
| Target Price | 15.7 | |||
| Beta | 2.21 | |||
| Z Score | 2.4 |
Northern Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Northern Ocean's current stock value. Our valuation model uses many indicators to compare Northern Ocean value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Northern Ocean competition to find correlations between indicators driving Northern Ocean's intrinsic value. More Info.Northern Ocean is regarded fourth in return on equity category among its peers. It is rated below average in return on asset category among its peers . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Northern Ocean's earnings, one of the primary drivers of an investment's value.Northern Ocean Systematic Risk
Northern Ocean's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Northern Ocean volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was twenty with a total number of output elements of fourty-one. The Beta measures systematic risk based on how returns on Northern Ocean correlated with the market. If Beta is less than 0 Northern Ocean generally moves in the opposite direction as compared to the market. If Northern Ocean Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Northern Ocean is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Northern Ocean is generally in the same direction as the market. If Beta > 1 Northern Ocean moves generally in the same direction as, but more than the movement of the benchmark.
Northern Ocean December 22, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Northern Ocean help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Northern Ocean. We use our internally-developed statistical techniques to arrive at the intrinsic value of Northern Ocean based on widely used predictive technical indicators. In general, we focus on analyzing Northern Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Northern Ocean's daily price indicators and compare them against related drivers.
| Downside Deviation | 2.84 | |||
| Information Ratio | 0.0797 | |||
| Maximum Drawdown | 19.31 | |||
| Value At Risk | (4.78) | |||
| Potential Upside | 5.07 |
Other Information on Investing in Northern Stock
Northern Ocean financial ratios help investors to determine whether Northern 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 Northern with respect to the benefits of owning Northern Ocean security.