Transocean Stock Market Value
| RIG Stock | USD 5.67 0.12 2.16% |
| Symbol | Transocean |
Transocean Price To Book Ratio
Is Transocean's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Transocean. If investors know Transocean will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Transocean listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.24) | Revenue Per Share 3.688 | Quarterly Revenue Growth 0.223 | Return On Assets (0) | Return On Equity (0.09) |
The market value of Transocean is measured differently than its book value, which is the value of Transocean that is recorded on the company's balance sheet. Investors also form their own opinion of Transocean's value that differs from its market value or its book value, called intrinsic value, which is Transocean's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Transocean's market value can be influenced by many factors that don't directly affect Transocean's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Transocean's value and its price as these two are different measures arrived at by different means. Investors typically determine if Transocean is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Transocean's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Transocean '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 Transocean'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 Transocean.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in Transocean on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding Transocean or generate 0.0% return on investment in Transocean over 30 days. Transocean is related to or competes with Enersys, Alto Ingredients, Eldorado Gold, LanzaTech Global, and Warner Music. Transocean Ltd., together with its subsidiaries, provides offshore contract drilling services for oil and gas wells worl... More
Transocean 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 Transocean'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 Transocean upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.5 | |||
| Information Ratio | 0.0036 | |||
| Maximum Drawdown | 12.42 | |||
| Value At Risk | (3.89) | |||
| Potential Upside | 4.55 |
Transocean Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Transocean's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Transocean's standard deviation. In reality, there are many statistical measures that can use Transocean historical prices to predict the future Transocean's volatility.| Risk Adjusted Performance | 0.026 | |||
| Jensen Alpha | 0.0072 | |||
| Total Risk Alpha | (0.18) | |||
| Sortino Ratio | 0.0038 | |||
| Treynor Ratio | 0.0656 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Transocean'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.
Transocean Backtested Returns
We consider Transocean somewhat reliable. Transocean owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0273, which indicates the firm had a 0.0273% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Transocean, which you can use to evaluate the volatility of the company. Please validate Transocean's Semi Deviation of 2.4, risk adjusted performance of 0.026, and Coefficient Of Variation of 3368.17 to confirm if the risk estimate we provide is consistent with the expected return of 0.0736%. Transocean has a performance score of 2 on a scale of 0 to 100. The entity has a beta of 1.04, which indicates a somewhat significant risk relative to the market. Transocean returns are very sensitive to returns on the market. As the market goes up or down, Transocean is expected to follow. Transocean right now has a risk of 2.69%. Please validate Transocean information ratio, downside variance, day median price, as well as the relationship between the treynor ratio and kurtosis , to decide if Transocean will be following its existing price patterns.
Auto-correlation | -0.95 |
Near perfect reversele predictability
Transocean has near perfect reversele predictability. Overlapping area represents the amount of predictability between Transocean time series from 20th of March 2024 to 4th of April 2024 and 4th of April 2024 to 19th of April 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 Transocean price movement. The serial correlation of -0.95 indicates that approximately 95.0% of current Transocean price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.95 | |
| Spearman Rank Test | -0.92 | |
| Residual Average | 0.0 | |
| Price Variance | 0.11 |
Transocean lagged returns against current returns
Autocorrelation, which is Transocean 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 Transocean's stock expected returns. We can calculate the autocorrelation of Transocean returns to help us make a trade decision. For example, suppose you find that Transocean 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 |
Transocean 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 Transocean stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Transocean stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Transocean stock over time.
Current vs Lagged Prices |
| Timeline |
Transocean Lagged Returns
When evaluating Transocean's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Transocean stock have on its future price. Transocean 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, Transocean autocorrelation shows the relationship between Transocean stock current value and its past values and can show if there is a momentum factor associated with investing in Transocean.
Regressed Prices |
| Timeline |
Transocean Investors Sentiment
The influence of Transocean's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Transocean. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Transocean's public news can be used to forecast risks associated with an investment in Transocean. The trend in average sentiment can be used to explain how an investor holding Transocean can time the market purely based on public headlines and social activities around Transocean. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Transocean's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Transocean's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Transocean's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Transocean.
Transocean Implied Volatility | 116.61 |
Transocean's implied volatility exposes the market's sentiment of Transocean stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Transocean's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Transocean stock will not fluctuate a lot when Transocean's options are near their expiration.
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 Transocean 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, Transocean's short interest history, or implied volatility extrapolated from Transocean options trading.
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When determining whether Transocean is a strong investment it is important to analyze Transocean's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Transocean's future performance. For an informed investment choice regarding Transocean Stock, refer to the following important reports:Check out Transocean Correlation, Transocean Volatility and Transocean Alpha and Beta module to complement your research on Transocean. For more detail on how to invest in Transocean Stock please use our How to Invest in Transocean guide.You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
Complementary Tools for Transocean Stock analysis
When running Transocean's price analysis, check to measure Transocean'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 Transocean is operating at the current time. Most of Transocean's value examination focuses on studying past and present price action to predict the probability of Transocean's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Transocean's price. Additionally, you may evaluate how the addition of Transocean to your portfolios can decrease your overall portfolio volatility.
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Transocean 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.