Borr Drilling Correlations
| BORR Stock | USD 5.75 0.10 1.71% |
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 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.
Weak diversification
The correlation between Borr Drilling and NYA is 0.34 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Borr Drilling and NYA in the same portfolio, assuming nothing else is changed.
Borr |
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 to buy it.
Moving against Borr Stock
| 0.48 | AE | Adams Resources Energy Financial Report 14th of May 2024 | PairCorr |
| 0.41 | EC | Ecopetrol SA ADR Financial Report 8th of May 2024 | PairCorr |
Related Correlations Analysis
| 0.94 | 0.55 | 0.66 | 0.97 | 0.93 | NE | ||
| 0.94 | 0.54 | 0.64 | 0.95 | 0.91 | DO | ||
| 0.55 | 0.54 | 0.71 | 0.56 | 0.37 | PTEN | ||
| 0.66 | 0.64 | 0.71 | 0.64 | 0.6 | NBR | ||
| 0.97 | 0.95 | 0.56 | 0.64 | 0.92 | SDRL | ||
| 0.93 | 0.91 | 0.37 | 0.6 | 0.92 | RIG | ||
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Risk-Adjusted Indicators
There is a big difference between Borr Stock performing well and Borr Drilling Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Borr Drilling's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| NE | 1.18 | 0.03 | 0.03 | 0.10 | 1.27 | 3.10 | 6.05 | |||
| DO | 1.77 | 0.17 | 0.08 | 0.23 | 2.09 | 3.48 | 12.21 | |||
| PTEN | 1.82 | 0.10 | 0.08 | 0.13 | 1.79 | 3.86 | 17.29 | |||
| NBR | 2.25 | (0.05) | 0.01 | 0.04 | 2.43 | 4.53 | 11.55 | |||
| SDRL | 1.28 | 0.15 | 0.10 | 0.20 | 1.35 | 3.57 | 7.15 | |||
| RIG | 2.01 | 0.04 | 0.02 | 0.11 | 2.32 | 4.55 | 11.79 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Borr Drilling without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Borr Drilling Corporate Management
Elected by the shareholders, the Borr Drilling's board of directors comprises two types of representatives: Borr Drilling inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Borr. The board's role is to monitor Borr Drilling's management team and ensure that shareholders' interests are well served. Borr Drilling's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Borr Drilling's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Andreas Lie | VP IR | Profile | |
| Mi Yoon | Company Secretary, Director | Profile | |
| Tor Troim | Vice Chairman of the Board | Profile | |
| Georgina Sousa | Director and Company Secretary | Profile | |
| Jan Rask | Independent Director | Profile | |
| Neil Glass | Independent Director | Profile | |
| Paal Kibsgaard | Chairman of the Board | Profile |
Already Invested in Borr Drilling?
The danger of trading Borr Drilling is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Borr Drilling is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Borr Drilling. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Borr Drilling is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Borr Drilling is a strong investment it is important to analyze Borr Drilling'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 Borr Drilling's future performance. For an informed investment choice regarding Borr Stock, refer to the following important reports: Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Borr Drilling. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. To learn how to invest in Borr Stock, please use our How to Invest in Borr Drilling guide.You can also try the CEOs Directory module to screen CEOs from public companies around the world.
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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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Is Borr Drilling'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 Borr Drilling. If investors know Borr 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 Borr Drilling listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Dividend Share 0.05 | Earnings Share 0.09 | Revenue Per Share 3.159 | Quarterly Revenue Growth 0.485 | Return On Assets 0.0513 |
The market value of Borr Drilling is measured differently than its book value, which is the value of Borr that is recorded on the company's balance sheet. Investors also form their own opinion of Borr Drilling's value that differs from its market value or its book value, called intrinsic value, which is Borr Drilling'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 Borr Drilling's market value can be influenced by many factors that don't directly affect Borr Drilling'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 Borr Drilling's value and its price as these two are different measures arrived at by different means. Investors typically determine if Borr Drilling is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Borr Drilling'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.