Superior Drilling Cash Per Share vs. Beta
Considering the key profitability indicators obtained from Superior Drilling's historical financial statements, Superior Drilling Products may not be well positioned to generate adequate gross income at the moment. It has a very high risk of underperforming in January. Profitability indicators assess Superior Drilling's ability to earn profits and add value for shareholders.
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.
For Superior Drilling profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Superior Drilling to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Superior Drilling Products utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Superior Drilling's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Superior Drilling Products over time as well as its relative position and ranking within its peers.
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Superior Drilling Beta vs. Cash Per Share Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Superior Drilling's current stock value. Our valuation model uses many indicators to compare Superior Drilling value to that of its competitors to determine the firm's financial worth. Superior Drilling Products is rated below average in cash per share category among its peers. It is rated below average in beta category among its peers totaling about 0.59 of Beta per Cash Per Share. The ratio of Cash Per Share to Beta for Superior Drilling Products is roughly 1.69 . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Superior Drilling's earnings, one of the primary drivers of an investment's value.Superior Beta vs. Cash Per Share
Cash per Share is a ratio of current cash on hands or in the banks of the company to a total number of shares outstanding. It is used to determine a firm's liquidity and is a good indicator of the overall financial health of a company. Value investors often compare this ratio to the current stock quote, and if it exceeds the stock price they would invest in it.
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| = | 0.10 X |
Companies with high Cash per Share ratio will be considered as an attractive investment by most investors. In most industries if you can single out an equity instrument trading below its cash per share value, you have a bargain and should consider buying it. Finding the stocks traded below their cash value, therefore, can be a good starting point for investors using strategies based on fundamentals.
Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
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| = | 0.059 |
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
Superior Beta Comparison
Superior Drilling is currently under evaluation in beta category among its peers.
Beta Analysis
As returns on the market increase, Superior Drilling's returns are expected to increase less than the market. However, during the bear market, the loss of holding Superior Drilling is expected to be smaller as well.
Superior Drilling Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Superior Drilling, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Superior Drilling will eventually generate negative long term returns. The profitability progress is the general direction of Superior Drilling's change in net profit over the period of time. It can combine multiple indicators of Superior Drilling, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
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 Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Superior Drilling. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Superior Drilling position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Superior Drilling's important profitability drivers and their relationship over time.
Use Superior Drilling in pair-trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Superior Drilling position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Superior Drilling will appreciate offsetting losses from the drop in the long position's value.Superior Drilling Pair Trading
Superior Drilling Products Pair Trading Analysis
The ability to find closely correlated positions to Superior Drilling could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Superior Drilling when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Superior Drilling - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Superior Drilling Products to buy it.
The correlation of Superior Drilling is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Superior Drilling moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Superior Drilling moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Superior Drilling can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Use Investing Themes to Complement your Superior Drilling position
In addition to having Superior Drilling in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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New or established technology companies and funds across multiple sectors that are involved in development or marketing of products or services that experience disruptive trends and that are at the forefront of discussions on Wall Street. The Disruptive Technologies theme has 64 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Disruptive Technologies Theme or any other thematic opportunities.
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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 Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.
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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