Independence Contract Drilling Price on August 6, 2024
If you're considering investing in Independence Stock, it is important to understand the factors that can impact its price. We have found fifteen technical indicators for Independence Contract, which you can use to evaluate the volatility of the firm. Please check out Independence Contract's Standard Deviation of 8.91, market risk adjusted performance of (1.99), and Risk Adjusted Performance of (0.11) to validate if the risk estimate we provide is consistent with the expected return of 0.0%.
Independence Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Independence |
Sharpe Ratio = 0.0
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Based on monthly moving average Independence Contract is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Independence Contract by adding Independence Contract to a well-diversified portfolio.
Independence Contract Valuation on August 6, 2024
It is possible to determine the worth of Independence Contract on a given historical date. On August 6, 2024 Independence was worth 1.23 at the beginning of the trading date compared to the closed value of 1.21. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Independence Contract stock. Still, in general, we apply an absolute valuation method to find Independence Contract's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Independence Contract where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Independence Contract's related companies.
Open | High | Low | Close | Volume | |
1.22 | 1.25 | 1.20 | 1.22 | 65,239 | |
08/06/2024 | 1.23 | 1.27 | 1.20 | 1.21 | 79,735 |
1.16 | 1.16 | 0.72 | 0.73 | 367,047 |
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Independence Contract Trading Date Momentum on August 6, 2024
On August 07 2024 Independence Contract Drilling was traded for 0.73 at the closing time. Highest Independence Contract's price during the trading hours was 1.16 and the lowest price during the day was 0.72 . The net volume was 367 K. The overall trading history on the 7th of August contributed to the next trading period price depreciation. The trading delta at closing time to the next next day price was 39.67% . The trading delta at closing time to current price is 49.59% . |
Independence Contract Fundamentals Correlations and Trends
By evaluating Independence Contract's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Independence Contract's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Independence financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Independence Contract Stock history
Independence Contract investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Independence is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Independence Contract will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Independence Contract stock prices may prove useful in developing a viable investing in Independence Contract
Independence Contract Drilling, Inc. provides land-based contract drilling services for oil and natural gas producers in the United States. Independence Contract Drilling, Inc. was incorporated in 2011 and is headquartered in Houston, Texas. Independence Contract operates under Oil Gas Drilling classification in the United States and is traded on New York Stock Exchange. It employs 500 people.
Independence Contract Stock Technical Analysis
Independence Contract 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, delisted stock market cycles, or different charting patterns.
Price Boundaries
Independence Contract Period Price Range
Low | December 11, 2024
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0.00 | 0.00 |
Independence Contract Drilling cannot be verified against its exchange. Please verify the symbol is currently traded on New York Stock Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Independence Contract December 11, 2024 Market Strength
Market strength indicators help investors to evaluate how Independence Contract stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Independence Contract shares will generate the highest return on investment. By undertsting and applying Independence Contract stock market strength indicators, traders can identify Independence Contract Drilling entry and exit signals to maximize returns
Independence Contract Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Independence Contract's price direction in advance. Along with the technical and fundamental analysis of Independence Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Independence to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
Risk Adjusted Performance | (0.11) | |||
Jensen Alpha | (1.58) | |||
Total Risk Alpha | (2.90) | |||
Treynor Ratio | (2.00) |
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Check out Risk vs Return Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
Other Consideration for investing in Independence Stock
If you are still planning to invest in Independence Contract check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Independence Contract's history and understand the potential risks before investing.
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