Independence Contract Drilling Performance
The company retains a Market Volatility (i.e., Beta) of 0.0, which attests to not very significant fluctuations relative to the market. the returns on MARKET and Independence Contract are completely uncorrelated.
Risk-Adjusted Performance
Very Weak
Weak | Strong |
Over the last 90 days Independence Contract Drilling has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of rather sound fundamental indicators, Independence Contract is not utilizing all of its potentials. The newest stock price tumult, may contribute to shorter-term losses for the shareholders. ...more
| Begin Period Cash Flow | 5.3 M | |
| Free Cash Flow | 20.4 M |
Independence |
Independence Contract Relative Risk vs. Return Landscape
If you would invest (100.00) in Independence Contract Drilling on December 27, 2024 and sell it today you would earn a total of 100.00 from holding Independence Contract Drilling or generate -100.0% return on investment over 90 days. Independence Contract Drilling is generating negative expected returns assuming volatility of 0.0% on return distribution over 90 days investment horizon. In other words, 0% of stocks are less volatile than Independence, and above 99% of all equities are expected to generate higher returns over the next 90 days. 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 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 |
| ICD |
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 Fundamentals Growth
Independence Stock prices reflect investors' perceptions of the future prospects and financial health of Independence Contract, and Independence Contract fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Independence Stock performance.
| Return On Equity | -0.32 | |||
| Return On Asset | -0.013 | |||
| Profit Margin | (0.33) % | |||
| Operating Margin | (0.10) % | |||
| Current Valuation | 172.67 M | |||
| Shares Outstanding | 15.22 M | |||
| Price To Earning | (4.01) X | |||
| Price To Book | 0.03 X | |||
| Price To Sales | 0.05 X | |||
| Revenue | 210.11 M | |||
| EBITDA | 54.77 M | |||
| Cash And Equivalents | 5.33 M | |||
| Cash Per Share | 0.54 X | |||
| Total Debt | 158.08 M | |||
| Debt To Equity | 0.59 % | |||
| Book Value Per Share | 10.86 X | |||
| Cash Flow From Operations | 61.02 M | |||
| Earnings Per Share | (4.16) X | |||
| Total Asset | 511.24 M | |||
| Retained Earnings | (436.79 M) | |||
| Current Asset | 29.34 M | |||
| Current Liabilities | 18.79 M | |||
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. 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 | |
| Independence Contract has a very high chance of going through financial distress in the upcoming years | |
| The company reported the last year's revenue of 210.11 M. Reported Net Loss for the year was (37.7 M) with profit before taxes, overhead, and interest of 63.31 M. | |
| About 12.0% of the company shares are held by company insiders |
- 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 Company's leadership.
- Pay attention to analyst opinions and ratings of Independence Contract's 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 company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
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.
| Premium Stories Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope | |
| Instant Ratings Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Volatility Analysis Get historical volatility and risk analysis based on latest market data |