Independence Contract Drilling Probability of Future Stock Price Finishing Under 1.30
Independence Contract's future price is the expected price of Independence Contract instrument. It is based on its current growth rate as well as the projected cash flow expected by the investors. This tool provides a mechanism to make assumptions about the upside potential and downside risk of Independence Contract Drilling performance during a given time horizon utilizing its historical volatility. Check out Risk vs Return Analysis 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 main economic indicators.
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Independence |
Independence Contract Target Price Odds to finish below 1.30
The tendency of Independence Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to stay under $ 1.30 after 90 days |
| 0.00 | 90 days | 1.30 | about 66.51 |
Based on a normal probability distribution, the odds of Independence Contract to stay under $ 1.30 after 90 days from now is about 66.51 (This Independence Contract Drilling probability density function shows the probability of Independence Stock to fall within a particular range of prices over 90 days) . Probability of Independence Contract price to stay between its current price of $ 0.00 and $ 1.30 at the end of the 90-day period is about 66.52 .
Considering the 90-day investment horizon Independence Contract Drilling has a beta of -2.56. This usually indicates as returns on its benchmark rise, returns on holding Independence Contract Drilling are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, Independence Contract is expected to outperform its benchmark. Additionally Independence Contract Drilling has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Independence Contract Price Density |
| Price |
Predictive Modules for Independence Contract
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Independence Contract. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Independence Contract's 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.
Independence Contract Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Independence Contract is not an exception. The market had few large corrections towards the Independence Contract's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Independence Contract Drilling, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Independence Contract within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -1.16 | |
β | Beta against Dow Jones | -2.56 | |
σ | Overall volatility | 0.35 | |
Ir | Information ratio | -0.18 |
Independence Contract Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Independence Contract for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Independence Contract can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Independence Contract is not yet fully synchronised with the market data | |
| Independence Contract has some characteristics of a very speculative penny stock | |
| Independence Contract has a very high chance of going through financial distress in the upcoming years | |
| The company reported the last year's revenue of 210.11 M. Reported Net Loss for the year was (37.7 M) with profit before taxes, overhead, and interest of 63.31 M. | |
| About 12.0% of the company shares are held by company insiders |
Independence Contract Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Independence Stock often depends not only on the future outlook of the current and potential Independence Contract's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Independence Contract's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 14 M | |
| Cash And Short Term Investments | 5.6 M |
Independence Contract Technical Analysis
Independence Contract's future price can be derived by breaking down and analyzing its technical indicators over time. Independence Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Independence Contract Drilling. In general, you should focus on analyzing Independence Stock price patterns and their correlations with different microeconomic environments and drivers.
Independence Contract Predictive Forecast Models
Independence Contract's time-series forecasting models is one of many Independence Contract's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Independence Contract's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Independence Contract
Checking the ongoing alerts about Independence Contract for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Independence Contract help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Independence Contract is not yet fully synchronised with the market data | |
| Independence Contract has some characteristics of a very speculative penny stock | |
| Independence Contract has a very high chance of going through financial distress in the upcoming years | |
| The company reported the last year's revenue of 210.11 M. Reported Net Loss for the year was (37.7 M) with profit before taxes, overhead, and interest of 63.31 M. | |
| About 12.0% of the company shares are held by company insiders |
Check out Risk vs Return Analysis 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 main economic indicators. You can also try the Share Portfolio module to track or share privately all of your investments from the convenience of any device.
Other Consideration for investing in Independence Stock
If you are still planning to invest in Independence Contract 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 Independence Contract's history and understand the potential risks before investing.
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