Akita Drilling Stock Price on December 5, 2024
| AKTAF Stock | USD 1.15 0.01 0.86% |
If you're considering investing in AKITA Pink Sheet, it is important to understand the factors that can impact its price. As of today, the current price of AKITA Drilling stands at 1.15, as last reported on the 14th of December 2024, with the highest price reaching 1.15 and the lowest price hitting 1.12 during the day. AKITA Drilling appears to be very risky, given 3 months investment horizon. AKITA Drilling secures Sharpe Ratio (or Efficiency) of 0.12, which signifies that the company had a 0.12% return per unit of return volatility over the last 3 months. We have found twenty-eight technical indicators for AKITA Drilling, which you can use to evaluate the volatility of the firm. Please makes use of AKITA Drilling's Semi Deviation of 1.55, mean deviation of 1.58, and Risk Adjusted Performance of 0.09 to double-check if our risk estimates are consistent with your expectations.
AKITA Pink Sheet price history is provided at the adjusted basis, taking into account all of the recent filings.
AKITA |
Sharpe Ratio = 0.1155
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Estimated Market Risk
| 2.37 actual daily | 21 79% of assets are more volatile |
Expected Return
| 0.27 actual daily | 5 95% of assets have higher returns |
Risk-Adjusted Return
| 0.12 actual daily | 9 91% of assets perform better |
Based on monthly moving average AKITA Drilling is performing at about 9% of its full potential. 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 AKITA Drilling by adding it to a well-diversified portfolio.
AKITA Drilling Valuation on December 5, 2024
It is possible to determine the worth of AKITA Drilling on a given historical date. On December 5, 2024 AKITA was worth 1.15 at the beginning of the trading date compared to the closed value of 1.16. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of AKITA Drilling pink sheet. Still, in general, we apply an absolute valuation method to find AKITA 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 AKITA Drilling where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against AKITA Drilling's related companies.
| Open | High | Low | Close | Volume | |
| 1.17 | 1.17 | 1.17 | 1.17 | 1.00 | |
12/05/2024 | 1.15 | 1.17 | 1.15 | 1.16 | 17,600 |
| 1.16 | 1.17 | 1.16 | 1.16 | 17,800 |
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AKITA Drilling Trading Date Momentum on December 5, 2024
| On December 06 2024 AKITA Drilling was traded for 1.16 at the closing time. The highest daily price throughout the period was 1.17 and the lowest price was 1.16 . The daily volume was 17.8 K. The net trading volume on 12/06/2024 did not affect price variability. The overall trading delta to current closing price is 2.59% . |
AKITA Drilling Fundamentals Correlations and Trends
By evaluating AKITA 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 AKITA Drilling's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. AKITA financial account trend analysis is a perfect complement when working with valuation or volatility modules.About AKITA Drilling Pink Sheet history
AKITA 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 AKITA is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in AKITA 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 AKITA Drilling stock prices may prove useful in developing a viable investing in AKITA Drilling
AKITA Drilling Ltd. is an oil and gas drilling contractor in Canada and the United States. The company was founded in 1964 and is headquartered in Calgary, Canada. Akita Drilling operates under Oil Gas Drilling classification in the United States and is traded on OTC Exchange. It employs 1060 people.
AKITA Drilling Pink Sheet Technical Analysis
AKITA Drilling technical pink sheet 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, pink sheet market cycles, or different charting patterns.
Price Boundaries
AKITA Drilling Period Price Range
Low | December 14, 2024
| High |
0.00 | 0.00 |
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AKITA Drilling December 14, 2024 Market Strength
Market strength indicators help investors to evaluate how AKITA Drilling pink sheet reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading AKITA Drilling shares will generate the highest return on investment. By undertsting and applying AKITA Drilling pink sheet market strength indicators, traders can identify AKITA Drilling entry and exit signals to maximize returns
AKITA Drilling Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for AKITA Drilling's price direction in advance. Along with the technical and fundamental analysis of AKITA Pink Sheet historical price patterns, it is also worthwhile for investors to track various predictive indicators of AKITA 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 | 0.09 | |||
| Jensen Alpha | 0.2291 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | 0.0664 | |||
| Treynor Ratio | 0.7695 |
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Complementary Tools for AKITA Pink Sheet analysis
When running AKITA Drilling's price analysis, check to measure AKITA Drilling's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy AKITA Drilling is operating at the current time. Most of AKITA Drilling's value examination focuses on studying past and present price action to predict the probability of AKITA Drilling's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move AKITA Drilling's price. Additionally, you may evaluate how the addition of AKITA Drilling to your portfolios can decrease your overall portfolio volatility.
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