Drilling Tools International Stock Market Value
| DTI Stock | 3.52 0.02 0.56% |
| Symbol | Drilling |
Drilling Tools Inter Price To Book Ratio
Is Oil & Gas Equipment & Services space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Drilling Tools. If investors know Drilling will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Drilling Tools listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.81) | Earnings Share 0.24 | Revenue Per Share 4.889 | Quarterly Revenue Growth 0.051 | Return On Assets 0.0576 |
The market value of Drilling Tools Inter is measured differently than its book value, which is the value of Drilling that is recorded on the company's balance sheet. Investors also form their own opinion of Drilling Tools' value that differs from its market value or its book value, called intrinsic value, which is Drilling Tools' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Drilling Tools' market value can be influenced by many factors that don't directly affect Drilling Tools' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Drilling Tools' value and its price as these two are different measures arrived at by different means. Investors typically determine if Drilling Tools is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Drilling Tools' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Drilling Tools 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Drilling Tools' stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Drilling Tools.
| 11/03/2024 |
| 12/03/2024 |
If you would invest 0.00 in Drilling Tools on November 3, 2024 and sell it all today you would earn a total of 0.00 from holding Drilling Tools International or generate 0.0% return on investment in Drilling Tools over 30 days. Drilling Tools is related to or competes with Ryman Hospitality, Dominos Pizza, Turning Point, Vita Coco, Meliá Hotels, Biglari Holdings, and Molson Coors. Drilling Tools is entity of United States More
Drilling Tools Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Drilling Tools' stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Drilling Tools International upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.1) | |||
| Maximum Drawdown | 18.51 | |||
| Value At Risk | (4.17) | |||
| Potential Upside | 3.88 |
Drilling Tools Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Drilling Tools' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Drilling Tools' standard deviation. In reality, there are many statistical measures that can use Drilling Tools historical prices to predict the future Drilling Tools' volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.38) | |||
| Total Risk Alpha | (0.63) | |||
| Treynor Ratio | (0.10) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Drilling Tools' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Drilling Tools Inter Backtested Returns
Drilling Tools Inter secures Sharpe Ratio (or Efficiency) of -0.0476, which denotes the company had a -0.0476% return per unit of risk over the last 3 months. Drilling Tools International exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Drilling Tools' Standard Deviation of 3.04, mean deviation of 2.08, and Variance of 9.23 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.73, which means a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Drilling Tools will likely underperform. At this point, Drilling Tools Inter has a negative expected return of -0.15%. Please make sure to confirm Drilling Tools' skewness, and the relationship between the treynor ratio and rate of daily change , to decide if Drilling Tools Inter performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.21 |
Weak predictability
Drilling Tools International has weak predictability. Overlapping area represents the amount of predictability between Drilling Tools time series from 3rd of November 2024 to 18th of November 2024 and 18th of November 2024 to 3rd of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Drilling Tools Inter price movement. The serial correlation of 0.21 indicates that over 21.0% of current Drilling Tools price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.21 | |
| Spearman Rank Test | 0.59 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Drilling Tools Inter lagged returns against current returns
Autocorrelation, which is Drilling Tools stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Drilling Tools' stock expected returns. We can calculate the autocorrelation of Drilling Tools returns to help us make a trade decision. For example, suppose you find that Drilling Tools has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Drilling Tools regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Drilling Tools stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Drilling Tools stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Drilling Tools stock over time.
Current vs Lagged Prices |
| Timeline |
Drilling Tools Lagged Returns
When evaluating Drilling Tools' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Drilling Tools stock have on its future price. Drilling Tools autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Drilling Tools autocorrelation shows the relationship between Drilling Tools stock current value and its past values and can show if there is a momentum factor associated with investing in Drilling Tools International.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether Drilling Tools Inter offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Drilling Tools' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Drilling Tools International Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Drilling Tools International Stock:Check out Drilling Tools Correlation, Drilling Tools Volatility and Drilling Tools Alpha and Beta module to complement your research on Drilling Tools. You can also try the Content Syndication module to quickly integrate customizable finance content to your own investment portal.
Drilling Tools 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, stock market cycles, or different charting patterns.