BORR DRILLING (Germany) Market Value
| B2W Stock | 3.44 0.27 8.52% |
| Symbol | BORR |
BORR 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 BORR 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 BORR DRILLING.
| 06/14/2024 |
| 12/11/2024 |
If you would invest 0.00 in BORR DRILLING on June 14, 2024 and sell it all today you would earn a total of 0.00 from holding BORR DRILLING NEW or generate 0.0% return on investment in BORR DRILLING over 180 days. BORR DRILLING is related to or competes with Nabors Industries, PRECISION DRILLING, SHELF DRILLING, and Daldrup Shne. More
BORR 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 BORR 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 BORR DRILLING NEW upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 17.64 | |||
| Value At Risk | (7.01) | |||
| Potential Upside | 4.91 |
BORR DRILLING Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BORR DRILLING's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BORR DRILLING's standard deviation. In reality, there are many statistical measures that can use BORR DRILLING historical prices to predict the future BORR DRILLING's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.64) | |||
| Total Risk Alpha | (1.03) | |||
| Treynor Ratio | (0.29) |
BORR DRILLING NEW Backtested Returns
BORR DRILLING NEW secures Sharpe Ratio (or Efficiency) of -0.12, which signifies that the company had a -0.12% return per unit of risk over the last 3 months. BORR DRILLING NEW exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm BORR DRILLING's mean deviation of 2.73, and Risk Adjusted Performance of (0.08) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.58, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, BORR DRILLING will likely underperform. At this point, BORR DRILLING NEW has a negative expected return of -0.43%. Please make sure to confirm BORR DRILLING's value at risk, skewness, and the relationship between the maximum drawdown and potential upside , to decide if BORR DRILLING NEW performance from the past will be repeated at future time.
Auto-correlation | 0.60 |
Good predictability
BORR DRILLING NEW has good predictability. Overlapping area represents the amount of predictability between BORR DRILLING time series from 14th of June 2024 to 12th of September 2024 and 12th of September 2024 to 11th of December 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 BORR DRILLING NEW price movement. The serial correlation of 0.6 indicates that roughly 60.0% of current BORR DRILLING price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.6 | |
| Spearman Rank Test | 0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.37 |
BORR DRILLING NEW lagged returns against current returns
Autocorrelation, which is BORR 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 BORR DRILLING's stock expected returns. We can calculate the autocorrelation of BORR DRILLING returns to help us make a trade decision. For example, suppose you find that BORR 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 |
BORR 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 BORR DRILLING stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BORR DRILLING stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BORR DRILLING stock over time.
Current vs Lagged Prices |
| Timeline |
BORR DRILLING Lagged Returns
When evaluating BORR DRILLING's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BORR DRILLING stock have on its future price. BORR 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, BORR DRILLING autocorrelation shows the relationship between BORR DRILLING stock current value and its past values and can show if there is a momentum factor associated with investing in BORR DRILLING NEW.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in BORR Stock
BORR DRILLING financial ratios help investors to determine whether BORR 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 BORR with respect to the benefits of owning BORR DRILLING security.