Independence Contract Drilling, Performance
| ICDIDelisted Stock | 0.34 0.00 0.00% |
The company retains a Market Volatility (i.e., Beta) of 0.26, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Independence Contract's returns are expected to increase less than the market. However, during the bear market, the loss of holding Independence Contract is expected to be smaller as well. Independence Contract right now retains a risk of 0.0%. Please check out Independence Contract information ratio, skewness, market facilitation index, as well as the relationship between the treynor ratio and rate of daily change , to decide if Independence Contract will be following its current trending patterns.
Risk-Adjusted Performance
0 of 100
Weak | Strong |
Very Weak
Over the last 90 days Independence Contract Drilling, has generated negative risk-adjusted returns adding no value to investors with long positions. Despite fairly strong fundamental indicators, Independence Contract is not utilizing all of its potentials. The latest stock price confusion, may contribute to short-horizon losses for the traders. ...more
Independence |
Independence Contract Relative Risk vs. Return Landscape
If you would invest 34.00 in Independence Contract Drilling, on October 10, 2024 and sell it today you would earn a total of 0.00 from holding Independence Contract Drilling, or generate 0.0% return on investment over 90 days. Independence Contract Drilling, is currently does not generate positive expected returns and assumes 0.0% risk (volatility on return distribution) over the 90 days horizon. In different words, 0% of otc stocks are less volatile than Independence, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
Independence Contract Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Independence Contract's investment risk. Standard deviation is the most common way to measure market volatility of otc stocks, such as Independence Contract Drilling,, and traders can use it to determine the average amount a Independence Contract's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.0
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| ICDI |
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.
Things to note about Independence Contract performance evaluation
Checking the ongoing alerts about Independence Contract for important developments is a great way to find new opportunities for your next move. OTC Stock alerts and notifications screener for Independence Contract help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Independence Contract is not yet fully synchronised with the market data | |
| Independence Contract has some characteristics of a very speculative penny stock |
- Analyzing Independence Contract's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Independence Contract's stock is overvalued or undervalued compared to its peers.
- Examining Independence Contract's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Independence Contract's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Independence Contract's management team can help you assess the OTC Stock's leadership.
- Pay attention to analyst opinions and ratings of Independence Contract's otc stock. These opinions can provide insight into Independence Contract's potential for growth and whether the stock is currently undervalued or overvalued.
Check out Risk vs Return Analysis to better understand how to build diversified portfolios. Also, note that the market value of any otc stock could be closely tied with the direction of predictive economic indicators such as signals in unemployment. Note that the Independence Contract information on this page should be used as a complementary analysis to other Independence Contract's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Money Managers module to screen money managers from public funds and ETFs managed around the world.
Other Consideration for investing in Independence OTC 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.
| Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated | |
| Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum | |
| Equity Valuation Check real value of public entities based on technical and fundamental data | |
| Earnings Calls Check upcoming earnings announcements updated hourly across public exchanges | |
| Competition Analyzer Analyze and compare many basic indicators for a group of related or unrelated entities | |
| Portfolio Manager State of the art Portfolio Manager to monitor and improve performance of your invested capital | |
| Investing Opportunities Build portfolios using our predefined set of ideas and optimize them against your investing preferences | |
| Portfolio Holdings Check your current holdings and cash postion to detemine if your portfolio needs rebalancing |