Shelf Drilling Stock Market Value
| SHLLF Stock | USD 2.00 0.23 12.99% |
| 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 pink sheet 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.
| 04/15/2024 |
| 05/15/2024 |
If you would invest 0.00 in Shelf Drilling on April 15, 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 30 days. Shelf Drilling is related to or competes with Noble Plc, Transocean, Patterson UTI, Helmerich, Borr Drilling, Diamond Offshore, and Precision Drilling. Shelf Drilling, Ltd., together with its subsidiaries, operates as a shallow water offshore drilling contractor in the Mi... 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 pink sheet 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 | (0.12) | |||
| Maximum Drawdown | 24.9 | |||
| Value At Risk | (4.00) | |||
| Potential Upside | 1.49 |
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 | (0.05) | |||
| Jensen Alpha | (0.36) | |||
| Total Risk Alpha | (0.84) | |||
| Treynor Ratio | 0.7482 |
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 -0.0985, which indicates the firm had a -0.0985% return per unit of risk over the last 3 months. Shelf Drilling exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Shelf Drilling's Variance of 14.56, risk adjusted performance of (0.05), and Coefficient Of Variation of (987.55) to confirm the risk estimate we provide. The entity has a beta of -0.53, 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 -0.39%. Please make sure to validate Shelf Drilling jensen alpha, as well as the relationship between the skewness and day median price , to decide if Shelf Drilling performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.22 |
Weak predictability
Shelf Drilling has weak predictability. Overlapping area represents the amount of predictability between Shelf Drilling time series from 15th of April 2024 to 30th of April 2024 and 30th of April 2024 to 15th 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 0.22 indicates that over 22.0% of current Shelf Drilling price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.22 | |
| Spearman Rank Test | 0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Shelf Drilling lagged returns against current returns
Autocorrelation, which is Shelf Drilling pink sheet'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 pink sheet 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 pink sheet 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 pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shelf Drilling pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shelf Drilling pink sheet 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 pink sheet 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 pink sheet 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 Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.
Complementary Tools for Shelf Pink Sheet 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.
| Stocks Directory Find actively traded stocks across global markets | |
| USA ETFs Find actively traded Exchange Traded Funds (ETF) in USA | |
| Competition Analyzer Analyze and compare many basic indicators for a group of related or unrelated entities | |
| Piotroski F Score Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals | |
| Commodity Channel Use Commodity Channel Index to analyze current equity momentum | |
| Portfolio File Import Quickly import all of your third-party portfolios from your local drive in csv format | |
| Stock Screener Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook. | |
| Insider Screener Find insiders across different sectors to evaluate their impact on performance | |
| AI Portfolio Architect Use AI to generate optimal portfolios and find profitable investment opportunities | |
| Bollinger Bands Use Bollinger Bands indicator to analyze target price for a given investing horizon | |
| Top Crypto Exchanges Search and analyze digital assets across top global cryptocurrency exchanges |
Shelf Drilling technical pink sheet 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, pink sheet market cycles, or different charting patterns.