Borr Drilling New Stock Current Ratio
| B2W Stock | 5.15 0.19 3.56% |
BORR DRILLING NEW fundamentals help investors to digest information that contributes to BORR DRILLING's financial success or failures. It also enables traders to predict the movement of BORR Stock. The fundamental analysis module provides a way to measure BORR DRILLING's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to BORR DRILLING stock.
BORR |
BORR DRILLING NEW Company Current Ratio Analysis
BORR DRILLING's Current Ratio is calculated by dividing the Current Assets of a company by its Current Liabilities. It measures whether or not a company has enough cash or liquid assets to pay its current liability over the next fiscal year. The ratio is regarded as a test of liquidity for a company.
Typically, short-term creditors will prefer a high current ratio because it reduces their overall risk. However, investors may prefer a lower current ratio since they are more concerned about growing the business using assets of the company. Acceptable current ratios may vary from one sector to another, but the generally accepted benchmark is to have current assets at least as twice as current liabilities (i.e., Current Ration of 2 to 1).
| Competition |
In accordance with the recently published financial statements, BORR DRILLING NEW has a Current Ratio of 0.0 times. This is 100.0% lower than that of the Energy sector and 100.0% lower than that of the Oil & Gas Drilling industry. The current ratio for all Germany stocks is 100.0% higher than that of the company.
BORR Current Ratio Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses BORR DRILLING's direct or indirect competition against its Current Ratio to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of BORR DRILLING could also be used in its relative valuation, which is a method of valuing BORR DRILLING by comparing valuation metrics of similar companies.BORR DRILLING is currently under evaluation in current ratio category among related companies.
About BORR DRILLING Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze BORR DRILLING NEW's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of BORR DRILLING using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of BORR DRILLING NEW based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards BORR DRILLING in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, BORR DRILLING's short interest history, or implied volatility extrapolated from BORR DRILLING options trading.
Pair Trading with BORR DRILLING
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if BORR DRILLING position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in BORR DRILLING will appreciate offsetting losses from the drop in the long position's value.Moving together with BORR Stock
| 0.69 | NBI1 | Nabors Industries | PairCorr |
Moving against BORR Stock
| 0.81 | L7T | UNIDOC HEALTH P Split | PairCorr |
| 0.73 | KGHA | KGHM Polska Miedz | PairCorr |
| 0.69 | TB8A | Afentra PLC | PairCorr |
| 0.63 | ICK | Industrial and Commercial | PairCorr |
| 0.6 | PCZ | ProCredit Holding | PairCorr |
The ability to find closely correlated positions to BORR DRILLING could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BORR DRILLING when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back BORR DRILLING - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling BORR DRILLING NEW to buy it.
The correlation of BORR DRILLING is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as BORR DRILLING moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if BORR DRILLING NEW moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for BORR DRILLING can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in BORR DRILLING NEW. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. For more detail on how to invest in BORR Stock please use our How to Invest in BORR DRILLING guide.You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
Complementary Tools for BORR Stock analysis
When running BORR DRILLING's price analysis, check to measure BORR 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 BORR DRILLING is operating at the current time. Most of BORR DRILLING's value examination focuses on studying past and present price action to predict the probability of BORR 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 BORR DRILLING's price. Additionally, you may evaluate how the addition of BORR DRILLING to your portfolios can decrease your overall portfolio volatility.
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