Superior Drilling Products Price on June 9, 2023
If you're considering investing in Superior Stock, it is important to understand the factors that can impact its price. We have found fifteen technical indicators for Superior Drilling Products, which you can use to evaluate the volatility of the company. Please validate Superior Drilling's Coefficient Of Variation of (894.59), risk adjusted performance of (0.08), and Variance of 8.5 to confirm if the risk estimate we provide is consistent with the expected return of 0.0%.
Superior Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Superior |
Sharpe Ratio = 0.0
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Based on monthly moving average Superior Drilling 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 Superior Drilling by adding Superior Drilling to a well-diversified portfolio.
Superior Drilling Valuation on June 9, 2023
It is possible to determine the worth of Superior Drilling on a given historical date. On June 9, 2023 Superior was worth 1.21 at the beginning of the trading date compared to the closed value of 1.17. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Superior Drilling stock. Still, in general, we apply an absolute valuation method to find Superior Drilling'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 Superior Drilling where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Superior Drilling's related companies.
Open | High | Low | Close | Volume | |
1.21 | 1.22 | 1.17 | 1.20 | 98,560 | |
06/09/2023 | 1.21 | 1.22 | 1.17 | 1.17 | 41,383 |
1.17 | 1.20 | 1.13 | 1.15 | 45,273 |
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Superior Drilling Trading Date Momentum on June 9, 2023
On June 12 2023 Superior Drilling Products was traded for 1.15 at the closing time. The top price for the day was 1.20 and the lowest listed price was 1.13 . The trading volume for the day was 45.3 K. The trading history from June 12, 2023 was a factor to the next trading day price decrease. The trading price change against the next closing price was 1.71% . The trading price change against the current closing price is 3.42% . |
Superior Drilling Fundamentals Correlations and Trends
By evaluating Superior Drilling'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 Superior Drilling's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Superior financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Superior Drilling Stock history
Superior Drilling 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 Superior is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Superior Drilling 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 Superior Drilling stock prices may prove useful in developing a viable investing in Superior Drilling
Superior Drilling Products, Inc., a drilling and completion tool technology company, innovates, designs, engineers, manufactures, sells, rents, and repairs drilling and completion tools in the United States, Canada, the Middle East, and Eastern Europe. Superior Drilling Products, Inc. was founded in 1993 and is headquartered in Vernal, Utah. Superior Drilling operates under Oil Gas Equipment Services classification in the United States and is traded on AMEX Exchange. It employs 58 people.
Superior Drilling Stock Technical Analysis
Superior 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, delisted stock market cycles, or different charting patterns.
Price Boundaries
Superior Drilling Period Price Range
Low | December 27, 2024
| High |
0.00 | 0.00 |
Superior Drilling Products cannot be verified against its exchange. Please verify the symbol is currently traded on NYSE MKT 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.
Superior Drilling December 27, 2024 Market Strength
Market strength indicators help investors to evaluate how Superior 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 Superior Drilling shares will generate the highest return on investment. By undertsting and applying Superior Drilling stock market strength indicators, traders can identify Superior Drilling Products entry and exit signals to maximize returns
Superior Drilling Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Superior Drilling's price direction in advance. Along with the technical and fundamental analysis of Superior Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Superior 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 | (0.08) | |||
Jensen Alpha | (0.30) | |||
Total Risk Alpha | (0.49) | |||
Treynor Ratio | 0.4589 |
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Check out World Market Map 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 american community survey. You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
Other Consideration for investing in Superior Stock
If you are still planning to invest in Superior Drilling 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 Superior Drilling's history and understand the potential risks before investing.
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