NorAm Drilling Stock Forward View - Simple Regression
| TM9 Stock | EUR 2.89 0.10 3.58% |
NorAm Stock outlook is based on your current time horizon. We recommend always using this module together with an analysis of NorAm Drilling's historical fundamentals, such as revenue growth or operating cash flow patterns.
As of 1st of February 2026, The value of RSI of NorAm Drilling's share price is at 56. This usually implies that the stock is in nutural position, most likellhy at or near its resistance level. The main idea of RSI analysis is to track how fast people are buying or selling NorAm Drilling, making its price go up or down. Momentum 56
Buy Extended
Oversold | Overbought |
Using NorAm Drilling hype-based prediction, you can estimate the value of NorAm Drilling AS from the perspective of NorAm Drilling response to recently generated media hype and the effects of current headlines on its competitors.
The Simple Regression forecasted value of NorAm Drilling AS on the next trading day is expected to be 2.89 with a mean absolute deviation of 0.09 and the sum of the absolute errors of 5.45. NorAm Drilling after-hype prediction price | EUR 2.89 |
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
NorAm |
NorAm Drilling Additional Predictive Modules
Most predictive techniques to examine NorAm price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for NorAm using various technical indicators. When you analyze NorAm charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
NorAm Drilling Simple Regression Price Forecast For the 2nd of February
Given 90 days horizon, the Simple Regression forecasted value of NorAm Drilling AS on the next trading day is expected to be 2.89 with a mean absolute deviation of 0.09, mean absolute percentage error of 0.01, and the sum of the absolute errors of 5.45.Please note that although there have been many attempts to predict NorAm Stock prices using its time series forecasting, we generally do not recommend using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that NorAm Drilling's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
NorAm Drilling Stock Forecast Pattern
| Backtest NorAm Drilling | NorAm Drilling Price Prediction | Buy or Sell Advice |
NorAm Drilling Forecasted Value
In the context of forecasting NorAm Drilling's Stock value on the next trading day, we examine the predictive performance of the model to find good statistically significant boundaries of downside and upside scenarios. NorAm Drilling's downside and upside margins for the forecasting period are 0.03 and 7.26, respectively. We have considered NorAm Drilling's daily market price to evaluate the above model's predictive performance. Remember, however, there is no scientific proof or empirical evidence that traditional linear or nonlinear forecasting models outperform artificial intelligence and frequency domain models to provide accurate forecasts consistently.
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Simple Regression forecasting method's relative quality and the estimations of the prediction error of NorAm Drilling stock data series using in forecasting. Note that when a statistical model is used to represent NorAm Drilling stock, the representation will rarely be exact; so some information will be lost using the model to explain the process. AIC estimates the relative amount of information lost by a given model: the less information a model loses, the higher its quality.| AIC | Akaike Information Criteria | 113.7029 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.0893 |
| MAPE | Mean absolute percentage error | 0.0345 |
| SAE | Sum of the absolute errors | 5.4484 |
Predictive Modules for NorAm Drilling
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as NorAm Drilling AS. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.NorAm Drilling After-Hype Price Density Analysis
As far as predicting the price of NorAm Drilling at your current risk attitude, this probability distribution graph shows the chance that the prediction will fall between or within a specific range. We use this chart to confirm that your returns on investing in NorAm Drilling or, for that matter, your successful expectations of its future price, cannot be replicated consistently. Please note, a large amount of money has been lost over the years by many investors who confused the symmetrical distributions of Stock prices, such as prices of NorAm Drilling, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
NorAm Drilling Estimiated After-Hype Price Volatility
In the context of predicting NorAm Drilling's stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on NorAm Drilling's historical news coverage. NorAm Drilling's after-hype downside and upside margins for the prediction period are 0.14 and 7.29, respectively. We have considered NorAm Drilling's daily market price in relation to the headlines to evaluate this method's predictive performance. Remember, however, there is no scientific proof or empirical evidence that news-based prediction models outperform traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
NorAm Drilling is very risky at this time. Analysis and calculation of next after-hype price of NorAm Drilling AS is based on 3 months time horizon.
NorAm Drilling Stock Price Outlook Analysis
Have you ever been surprised when a price of a Company such as NorAm Drilling is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading NorAm Drilling backward and forwards among themselves. Have you ever observed a lot of a particular company's price movement is driven by press releases or news about the company that has nothing to do with actual earnings? Usually, hype to individual companies acts as price momentum. If not enough favorable publicity is forthcoming, the Stock price eventually runs out of speed. So, the rule of thumb here is that as long as this news hype has nothing to do with immediate earnings, you should pay more attention to it. If you see this tendency with NorAm Drilling, there might be something going there, and it might present an excellent short sale opportunity.
| Expected Return | Period Volatility | Hype Elasticity | Related Elasticity | News Density | Related Density | Expected Hype |
0.44 | 4.36 | 0.00 | 0.00 | 0 Events / Month | 0 Events / Month | Within a week |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | |
2.89 | 2.89 | 0.00 |
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NorAm Drilling Hype Timeline
NorAm Drilling AS is at this time traded for 2.89on Frankfurt Exchange of Germany. The entity stock is not elastic to its hype. The average elasticity to hype of competition is 0.0. NorAm is estimated not to react to the next headline, with the price staying at about the same level, and average media hype impact volatility is insignificant. The immediate return on the next news is estimated to be very small, whereas the daily expected return is at this time at 0.44%. %. The volatility of related hype on NorAm Drilling is about 0.0%, with the expected price after the next announcement by competition of 2.89. About 100.0% of the company shares are owned by institutional investors. The company has price-to-book ratio of 0.99. Typically companies with comparable Price to Book (P/B) are able to outperform the market in the long run. NorAm Drilling AS last dividend was issued on the 17th of May 2019. Assuming the 90 days horizon the next estimated press release will be within a week. Check out Historical Fundamental Analysis of NorAm Drilling to cross-verify your projections.NorAm Drilling Related Hype Analysis
Having access to credible news sources related to NorAm Drilling's direct competition is more important than ever and may enhance your ability to predict NorAm Drilling's future price movements. Getting to know how NorAm Drilling's peers react to changing market sentiment, related social signals, and mainstream news is a great way to find investing opportunities and time the market. The summary table below summarizes the essential lagging indicators that can help you analyze how NorAm Drilling may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| CNJ | Canon Marketing Japan | 0.00 | 0 per month | 1.38 | 0.04 | 2.12 | (2.21) | 13.57 | |
| MUJ | Mitsubishi Materials | 0.00 | 0 per month | 1.59 | 0.24 | 4.39 | (3.23) | 9.86 | |
| CNJ | CANON MARKETING JP | 0.00 | 0 per month | 1.26 | 0.03 | 2.82 | (2.20) | 6.62 | |
| T2G | TRADEGATE | 0.00 | 0 per month | 0.00 | (0.14) | 0.56 | (1.10) | 3.29 | |
| I1M | Indutrade AB | 0.00 | 0 per month | 0.00 | (0.20) | 1.95 | (2.60) | 9.25 | |
| CZ2 | National Retail Properties | 0.00 | 0 per month | 0.00 | (0.09) | 1.57 | (1.79) | 4.31 | |
| GTR | GOODYEAR T RUBBER | 0.00 | 0 per month | 1.39 | 0.15 | 4.22 | (2.56) | 15.18 | |
| FOO | Salesforce | 0.00 | 0 per month | 0.00 | (0.14) | 2.86 | (4.03) | 14.31 |
Other Forecasting Options for NorAm Drilling
For every potential investor in NorAm, whether a beginner or expert, NorAm Drilling's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. NorAm Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in NorAm. Basic forecasting techniques help filter out the noise by identifying NorAm Drilling's price trends.NorAm Drilling Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with NorAm Drilling stock to make a market-neutral strategy. Peer analysis of NorAm Drilling could also be used in its relative valuation, which is a method of valuing NorAm Drilling by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
NorAm Drilling Market Strength Events
Market strength indicators help investors to evaluate how NorAm Drilling stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading NorAm Drilling shares will generate the highest return on investment. By undertsting and applying NorAm Drilling stock market strength indicators, traders can identify NorAm Drilling AS entry and exit signals to maximize returns.
NorAm Drilling Risk Indicators
The analysis of NorAm Drilling's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in NorAm Drilling's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting noram stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 2.98 | |||
| Semi Deviation | 4.29 | |||
| Standard Deviation | 4.75 | |||
| Variance | 22.59 | |||
| Downside Variance | 25.38 | |||
| Semi Variance | 18.43 | |||
| Expected Short fall | (3.32) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Story Coverage note for NorAm Drilling
The number of cover stories for NorAm Drilling depends on current market conditions and NorAm Drilling's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that NorAm Drilling is classified under. However, while its typical story may have numerous social followers, the rapid visibility can also attract short-sellers, who usually are skeptical about NorAm Drilling's long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.
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NorAm Drilling Short Properties
NorAm Drilling's future price predictability will typically decrease when NorAm Drilling's long traders begin to feel the short-sellers pressure to drive the price lower. The predictive aspect of NorAm Drilling AS often depends not only on the future outlook of the potential NorAm Drilling's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. NorAm Drilling's indicators that are reflective of the short sentiment are summarized in the table below.
| Trailing Annual Dividend Rate | 1.00 | |
| Float Shares | 87.85M | |
| Trailing Annual Dividend Yield | 2.46% |
Other Information on Investing in NorAm Stock
NorAm Drilling financial ratios help investors to determine whether NorAm Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in NorAm with respect to the benefits of owning NorAm Drilling security.