Drilling Competitors
| DTI Stock | 3.70 0.21 6.02% |
Drilling Tools vs PEDEVCO Corp Correlation
Very weak diversification
The correlation between Drilling Tools International and PED is 0.54 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Drilling Tools International and PED in the same portfolio, assuming nothing else is changed.
Moving together with Drilling Stock
| 0.86 | AT | Ashtead Technology | PairCorr |
| 0.81 | E1V | Eidesvik Offshore ASA | PairCorr |
| 0.89 | CLB | Core Laboratories | PairCorr |
Moving against Drilling Stock
The Drilling Tools' current Return On Capital Employed is estimated to increase to 0.1, while Return On Tangible Assets are projected to decrease to 0.02. As of now, Drilling Tools' Fixed Asset Turnover is increasing as compared to previous years. The Drilling Tools' current Asset Turnover is estimated to increase to 1.16, while Total Assets are projected to decrease to under 145.7 M.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 Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Drilling Tools and its competitors represents the degree of relationship between the price movements of corresponding stocks. A correlation of about +1.0 implies that the price of Drilling and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Drilling Tools Inter does not affect the price movement of the other competitor.
High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Drilling Stock performing well and Drilling Tools Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Drilling Tools' multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| DWSN | 3.29 | 0.30 | 0.08 | 0.43 | 3.46 | 8.21 | 16.81 | |||
| LSE | 2.88 | (0.26) | 0.00 | 0.85 | 0.00 | 6.60 | 22.05 | |||
| SND | 3.74 | 1.45 | 0.23 | 128.78 | 4.21 | 10.57 | 36.57 | |||
| RCON | 3.15 | (0.11) | 0.00 | 0.40 | 0.00 | 6.11 | 18.87 | |||
| NCSM | 1.90 | 0.02 | 0.00 | 0.13 | 2.35 | 4.72 | 11.09 | |||
| SLNG | 2.21 | 0.17 | 0.03 | 0.90 | 2.77 | 5.67 | 22.03 | |||
| ZEO | 4.04 | (0.63) | 0.00 | (0.25) | 0.00 | 9.47 | 25.48 | |||
| MMLP | 2.29 | (0.01) | (0.03) | 0.02 | 2.78 | 6.25 | 19.26 | |||
| KLXE | 4.78 | 0.44 | 0.07 | 0.48 | 5.33 | 10.85 | 32.97 | |||
| PED | 2.73 | 0.14 | 0.01 | 0.80 | 3.35 | 6.00 | 16.10 |
Cross Equities Net Income Analysis
Compare Drilling Tools Inter and related stocks such as Dawson Geophysical, Leishen Energy Holding, and Smart Sand Net Income Over Time
Select Fundamental| 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DWSN | (600 K) | 10.8 M | 15.7 M | (6.3 M) | (8.8 M) | (26.3 M) | (39.8 M) | (31.3 M) | (24.4 M) | (15.2 M) | (13.2 M) | (29.1 M) | (18.6 M) | (12.1 M) | (4.1 M) | (3.7 M) | (3.9 M) |
| LSE | 4.7 M | 4.7 M | 4.7 M | 4.7 M | 4.7 M | 4.7 M | 4.7 M | 4.7 M | 4.7 M | 4.7 M | 4.7 M | 5.7 M | 11.9 M | 8.1 M | 1.3 M | 1.1 M | 1.1 M |
| SND | 7.6 M | 7.6 M | 7.6 M | 7.6 M | 7.6 M | 5 M | 10.4 M | 21.5 M | 18.7 M | 31.6 M | 38 M | (50.7 M) | (703 K) | 4.6 M | 3 M | 2.7 M | 2.6 M |
| RCON | 6 M | (3.8 M) | 39.7 K | 807.2 K | (31.5 M) | (40.9 M) | (31.4 M) | (44.1 M) | (25.8 M) | (20.1 M) | (22.8 M) | 95.6 M | (59.2 M) | (49.9 M) | (42.6 M) | (38.3 M) | (36.4 M) |
| NCSM | 28 M | 28 M | 28 M | 28 M | 28 M | 28 M | (17.9 M) | 2.1 M | (190.3 M) | (32.8 M) | (57.6 M) | (4.7 M) | (1.1 M) | (3.2 M) | 6.6 M | 7.6 M | 8 M |
| SLNG | (500 K) | (5.9 M) | 2.3 M | 4.6 M | (4.7 M) | (2.6 M) | (7.1 M) | (2.2 M) | (2.6 M) | (5.7 M) | (6.8 M) | (7.8 M) | (3.2 M) | 125 K | 4.6 M | 4.1 M | 4.3 M |
| ZEO | 7.1 M | 7.1 M | 7.1 M | 7.1 M | 7.1 M | 7.1 M | 7.1 M | 7.1 M | 7.1 M | 7.1 M | 7.1 M | 8.7 M | 4.8 M | (2.7 M) | (2.7 M) | (2.4 M) | (2.3 M) |
| MMLP | (1.6 M) | 24.3 M | 102 M | (13.4 M) | (11.7 M) | 38.4 M | 31.7 M | 19.9 M | 55.7 M | (174.9 M) | (6.8 M) | (211 K) | (10.3 M) | (4.4 M) | (5.1 M) | (4.6 M) | (4.3 M) |
| KLXE | (750.4 M) | (750.4 M) | (750.4 M) | (750.4 M) | (750.4 M) | (750.4 M) | (89.6 M) | (24.1 M) | 14.4 M | (96.4 M) | (332.2 M) | (93.8 M) | (3.1 M) | 19.2 M | (53 M) | (61 M) | (64 M) |
| PED | (72.8 K) | (4.1 M) | (12 M) | (18.1 M) | (29.9 M) | (21.3 M) | (19.6 M) | (36.4 M) | 53.6 M | (11.1 M) | (32.7 M) | (1.3 M) | 2.8 M | 264 K | 17.8 M | 20.5 M | 21.5 M |
Drilling Tools Inter and related stocks such as Dawson Geophysical, Leishen Energy Holding, and Smart Sand Net Income description
Net income is one of the most important fundamental items in finance. It plays a large role in Drilling Tools Inter financial statement analysis. It represents the amount of money remaining after all of Drilling Tools International operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Drilling Tools Competitive Analysis
The better you understand Drilling Tools competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Drilling Tools' competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Drilling Tools' competition over several years is one of the best ways to analyze its investment potential.| Better Than Average | Worse Than Peers | View Performance Chart |
Drilling Tools Competition Performance Charts
Five steps to successful analysis of Drilling Tools Competition
Drilling Tools' competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Drilling Tools Inter in relation to its competition. Drilling Tools' competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of Drilling Tools in the market, both direct and indirect, as well as new entrants and disruptive technologies.
- Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
- Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Drilling Tools' competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Drilling Tools Inter, and developing a strategy to address them.
- Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
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Check out Drilling Tools Correlation with its peers. You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
Is there potential for Oil & Gas Equipment & Services market expansion? Will Drilling introduce new products? Factors like these will boost the valuation of Drilling Tools. Projected growth potential of Drilling fundamentally drives upward valuation adjustments. Understanding fair value requires weighing current performance against future potential. 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 (0.19) | Revenue Per Share | Quarterly Revenue Growth (0.03) | Return On Assets |
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. Analysts utilize numerous techniques to assess fundamental value, seeking to purchase shares when trading prices fall beneath estimated intrinsic worth. 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.
It's important to distinguish between Drilling Tools' intrinsic value and market price, which are calculated using different methodologies. Investment decisions regarding Drilling Tools should consider multiple factors including financial performance, growth metrics, competitive position, and professional analysis. Meanwhile, Drilling Tools' quoted price indicates the marketplace figure where supply meets demand through bilateral consent.