SD Standard (Norway) Price on August 22, 2023

SDSD Stock  NOK 1.62  0.01  0.62%   
If you're considering investing in SDSD Stock, it is important to understand the factors that can impact its price. As of today, the current price of SD Standard stands at 1.62, as last reported on the 11th of June 2024, with the highest price reaching 1.63 and the lowest price hitting 1.58 during the day. SD Standard Drilling retains Efficiency (Sharpe Ratio) of -0.0888, which indicates the firm had a -0.0888% return per unit of price deviation over the last 3 months. SD Standard exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate SD Standard's Risk Adjusted Performance of (0.06), standard deviation of 0.8955, and Mean Deviation of 0.6104 to confirm the risk estimate we provide.
  
SDSD Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.0888

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Estimated Market Risk

 0.91
  actual daily
8
92% of assets are more volatile

Expected Return

 -0.08
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.09
  actual daily
0
Most of other assets perform better
Based on monthly moving average SD Standard is not performing at its full potential. However, 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 SD Standard by adding SD Standard to a well-diversified portfolio.

SD Standard Valuation on August 22, 2023

It is possible to determine the worth of SD Standard on a given historical date. On August 22, 2023 SDSD was worth 1.8 at the beginning of the trading date compared to the closed value of 1.79. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of SD Standard stock. Still, in general, we apply an absolute valuation method to find SD Standard's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of SD Standard where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against SD Standard's related companies.
 Open High Low Close Volume
  1.85    1.85    1.80    1.81    1,411,516  
08/22/2023
  1.80    1.82    1.79    1.79    776,830  
  1.81    1.82    1.78    1.80    898,862  
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Open Value
1.8
1.79
Closing Value
4.52
Upside

SD Standard Trading Date Momentum on August 22, 2023

On August 23 2023 SD Standard Drilling was traded for  1.80  at the closing time. The highest price during the trading period was 1.82  and the lowest recorded bid was listed for  1.78 . The volume for the day was 898.9 K. This history from August 23, 2023 contributed to the next trading day price upswing. The trading price change to the next closing price was 0.56% . The trading price change to the current price is 1.68% .

SD Standard Drilling Fundamentals Correlations and Trends

By evaluating SD Standard's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among SD Standard's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. SDSD financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About SD Standard Stock history

SD Standard investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for SDSD is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in SD Standard Drilling will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing SD Standard stock prices may prove useful in developing a viable investing in SD Standard
The company was founded in 2010 and is headquartered in Limassol, Cyprus. S D operates under Oil Gas Equipment Services classification in Norway and is traded on Oslo Stock Exchange. It employs 1 people.

SD Standard Stock Technical Analysis

SD Standard 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.
A focus of SD Standard technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of SD Standard trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

SD Standard Period Price Range

Low
August 22, 2023
-0.01  -0.56%
High

 1.80 

     

 1.79 

SD Standard June 11, 2024 Market Strength

Market strength indicators help investors to evaluate how SD Standard stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading SD Standard shares will generate the highest return on investment. By undertsting and applying SD Standard stock market strength indicators, traders can identify SD Standard Drilling entry and exit signals to maximize returns

SD Standard Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for SD Standard's price direction in advance. Along with the technical and fundamental analysis of SDSD Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of SDSD to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.

Other Information on Investing in SDSD Stock

SD Standard financial ratios help investors to determine whether SDSD 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 SDSD with respect to the benefits of owning SD Standard security.