Precision Competitors
| PDS Stock | USD 63.17 0.73 1.17% |
You can use the Comparative Equity Analysis module to analyze the advantages of investing in your portfolio's related equities across multiple sectors and thematic ideas. Please use the input box below to enter symbols for particular investments you would like to analyze. With the equity comparison module, you can estimate the relative effect of Precision Drilling competition on your existing holdings.
Precision |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Precision 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.
Precision Drilling Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Precision Drilling and its competitors represents the degree of relationship between the price movements of corresponding stocks. A correlation of about +1.0 implies that the price of Precision and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Precision Drilling does not affect the price movement of the other competitor.
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High positive correlations
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Risk-Adjusted Indicators
There is a big difference between Precision Stock performing well and Precision 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 Precision 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BORR | 2.46 | (0.87) | 0.00 | (0.48) | 0.00 | 4.02 | 12.96 | |||
| PTEN | 2.17 | (0.30) | 0.00 | (0.04) | 0.00 | 3.53 | 14.10 | |||
| NE | 1.84 | (0.34) | 0.00 | (0.08) | 0.00 | 3.36 | 14.34 | |||
| HP | 1.98 | (0.04) | 0.00 | 0.10 | 2.44 | 3.70 | 12.16 | |||
| PDS | 1.83 | (0.32) | 0.00 | (0.23) | 0.00 | 3.44 | 11.68 |
Cross Equities Net Income Analysis
Compare Precision Drilling and related stocks such as Borr Drilling, Patterson UTI Energy, and Noble plc Net Income Over Time
Select Fundamental| 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| BORR | (736.7 K) | (736.7 K) | (736.7 K) | (736.7 K) | (736.7 K) | (736.7 K) | (736.7 K) | (88 M) | (190.5 M) | (308.1 M) | (305.2 M) | (193 M) | (292.8 M) | 22.1 M | 23.2 M |
| PTEN | 100 K | 322.4 M | 299.5 M | 188 M | 162.7 M | (294.5 M) | (318.6 M) | 5.9 M | (321.4 M) | (425.7 M) | (803.7 M) | (657.1 M) | 154.7 M | 246.3 M | 258.6 M |
| NE | (16.5 M) | 370.9 M | 522.3 M | 782.7 M | 8.5 M | 511 M | (929.6 M) | (516.5 M) | (885 M) | (700.6 M) | (4 B) | 352.2 M | 168.9 M | 481.9 M | 506 M |
| HP | 18.5 M | 581 M | 736.6 M | 708.7 M | 422.2 M | (56.8 M) | (128.2 M) | 482.7 M | (32.5 M) | (496.4 M) | (337.5 M) | 5.4 M | 434.1 M | 344.2 M | 361.4 M |
| PDS | 17.6 M | 193.5 M | 52.4 M | 191.2 M | 33.2 M | (363.4 M) | (155.6 M) | (132 M) | (294.3 M) | 6.6 M | (120.1 M) | (177.4 M) | (34.3 M) | 289.2 M | 303.7 M |
Precision Drilling and related stocks such as Borr Drilling, Patterson UTI Energy, and Noble plc Net Income description
Net income is one of the most important fundamental items in finance. It plays a large role in Precision Drilling financial statement analysis. It represents the amount of money remaining after all of Precision Drilling operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Precision Drilling Competitive Analysis
The better you understand Precision Drilling competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Precision Drilling's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Precision Drilling's competition over several years is one of the best ways to analyze its investment potential.| Better Than Average | Worse Than Peers | View Performance Chart |
Precision Drilling Competition Performance Charts
Five steps to successful analysis of Precision Drilling Competition
Precision Drilling's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Precision Drilling in relation to its competition. Precision Drilling's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of Precision Drilling in the market, both direct and indirect, as well as new entrants and disruptive technologies.
- Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
- Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Precision Drilling's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Precision Drilling, and developing a strategy to address them.
- Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
Complement your Precision Drilling position
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Additional Tools for Precision Stock Analysis
When running Precision Drilling's price analysis, check to measure Precision 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 Precision Drilling is operating at the current time. Most of Precision Drilling's value examination focuses on studying past and present price action to predict the probability of Precision 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 Precision Drilling's price. Additionally, you may evaluate how the addition of Precision Drilling to your portfolios can decrease your overall portfolio volatility.