Borr Drilling Stock Market Value
| BORR Stock | USD 5.73 0.09 1.60% |
| Symbol | Borr |
Borr Drilling Price To Book Ratio
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.
Borr 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 Borr Drilling'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 Borr Drilling.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in Borr Drilling on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding Borr Drilling or generate 0.0% return on investment in Borr Drilling over 30 days. Borr Drilling is related to or competes with Noble Plc, Diamond Offshore, Patterson UTI, Nabors Industries, Seadrill, and Transocean. Borr Drilling Limited operates as an offshore drilling contractor to the oil and gas industry worldwide More
Borr 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 Borr Drilling'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 Borr Drilling upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 17.0 | |||
| Value At Risk | (6.87) | |||
| Potential Upside | 3.69 |
Borr Drilling Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Borr Drilling's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Borr Drilling's standard deviation. In reality, there are many statistical measures that can use Borr Drilling historical prices to predict the future Borr Drilling's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.19) | |||
| Total Risk Alpha | (0.46) | |||
| Treynor Ratio | (0.18) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Borr 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.
Borr Drilling Backtested Returns
Borr Drilling secures Sharpe Ratio (or Efficiency) of -0.0588, which signifies that the company had a -0.0588% return per unit of risk over the last 3 months. Borr Drilling exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Borr Drilling's Standard Deviation of 3.28, mean deviation of 2.38, and Risk Adjusted Performance of (0.02) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.82, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Borr Drilling's returns are expected to increase less than the market. However, during the bear market, the loss of holding Borr Drilling is expected to be smaller as well. Borr Drilling has an expected return of -0.2%. Please make sure to confirm Borr Drilling skewness, as well as the relationship between the day median price and relative strength index , to decide if Borr Drilling performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.55 |
Modest predictability
Borr Drilling has modest predictability. Overlapping area represents the amount of predictability between Borr Drilling 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 Borr Drilling price movement. The serial correlation of 0.55 indicates that about 55.0% of current Borr Drilling price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.55 | |
| Spearman Rank Test | 0.61 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Borr Drilling lagged returns against current returns
Autocorrelation, which is Borr Drilling 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 Borr Drilling's stock expected returns. We can calculate the autocorrelation of Borr Drilling returns to help us make a trade decision. For example, suppose you find that Borr Drilling 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 |
Borr 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 Borr Drilling stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Borr Drilling stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Borr Drilling stock over time.
Current vs Lagged Prices |
| Timeline |
Borr Drilling Lagged Returns
When evaluating Borr Drilling's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Borr Drilling stock have on its future price. Borr 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, Borr Drilling autocorrelation shows the relationship between Borr Drilling stock current value and its past values and can show if there is a momentum factor associated with investing in Borr Drilling.
Regressed Prices |
| Timeline |
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 against Borr Stock
| 0.51 | AE | Adams Resources Energy Financial Report 14th of May 2024 | 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 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 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 Borr Drilling Correlation, Borr Drilling Volatility and Borr Drilling Alpha and Beta module to complement your research on Borr Drilling. To learn how to invest in Borr Stock, please use our How to Invest in Borr Drilling guide.You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
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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Borr Drilling 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.