AKITA Drilling Financials
| AKTAF Stock | USD 1.22 0.02 1.67% |
AKITA |
Understanding current and past AKITA Drilling Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of AKITA Drilling's financial statements are interrelated, with each one affecting the others. For example, an increase in AKITA Drilling's assets may result in an increase in income on the income statement.
AKITA Drilling Stock Summary
AKITA Drilling competes with Cathedral Energy, Vantage Drilling, Seadrill, Noble Plc, and Borr 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.| Instrument | USA Pink Sheet View All |
| Exchange | PINK Exchange |
| Business Address | 1000, 333 7th |
| Sector | Energy Equipment & Services |
| Industry | Energy |
| Benchmark | Dow Jones Industrial |
| Website | www.akita-drilling.com |
| Phone | 403 292 7979 |
| Currency | USD - US Dollar |
AKITA Drilling Key Financial Ratios
There are many critical financial ratios that AKITA Drilling's investors are exposed to on a daily basis, but they are usually grouped into few meaningful categories from each financial statement that AKITA Drilling reports annually and quarterly.| Return On Equity | -0.0705 | |||
| Return On Asset | -0.0152 | |||
| Beta | 1.81 |
AKITA Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining AKITA Drilling's current stock value. Our valuation model uses many indicators to compare AKITA Drilling value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across AKITA Drilling competition to find correlations between indicators driving AKITA Drilling's intrinsic value. More Info.AKITA Drilling is rated below average in return on equity category among its peers. It is number one stock in return on asset category among its peers . 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 AKITA Drilling's earnings, one of the primary drivers of an investment's value.AKITA Drilling Systematic Risk
AKITA Drilling's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. AKITA Drilling volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was thirty-six with a total number of output elements of twenty-five. The Beta measures systematic risk based on how returns on AKITA Drilling correlated with the market. If Beta is less than 0 AKITA Drilling generally moves in the opposite direction as compared to the market. If AKITA Drilling Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one AKITA Drilling is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of AKITA Drilling is generally in the same direction as the market. If Beta > 1 AKITA Drilling moves generally in the same direction as, but more than the movement of the benchmark.
AKITA Drilling Thematic Clasifications
AKITA Drilling is part of Oil And Gas investing theme. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. Oil And Gas drilling, production, pipelines, and equipment. Companies involved in drilling, production, and distribution of oil and gas pipelines
This theme covers Oil And Gas drilling, production, pipelines, and equipment. Companies involved in drilling, production, and distribution of oil and gas pipelines. Get More Thematic Ideas
| Oil And Gas | View |
AKITA Drilling November 22, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of AKITA Drilling help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of AKITA Drilling. We use our internally-developed statistical techniques to arrive at the intrinsic value of AKITA Drilling based on widely used predictive technical indicators. In general, we focus on analyzing AKITA Pink Sheet price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build AKITA Drilling's daily price indicators and compare them against related drivers.
| Downside Deviation | 3.63 | |||
| Information Ratio | 0.0307 | |||
| Maximum Drawdown | 14.88 | |||
| Value At Risk | (4.55) | |||
| Potential Upside | 4.42 |
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.
| Piotroski F Score Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals | |
| Analyst Advice Analyst recommendations and target price estimates broken down by several categories | |
| Idea Breakdown Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes | |
| Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets | |
| Portfolio Optimization Compute new portfolio that will generate highest expected return given your specified tolerance for risk | |
| Premium Stories Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope |