Dril Quip Price on July 15, 2024
DRQDelisted Stock | USD 15.88 0.43 2.78% |
If you're considering investing in Dril Stock, it is important to understand the factors that can impact its price. As of today, the current price of Dril Quip stands at 15.88, as last reported on the 26th of November, with the highest price reaching 16.09 and the lowest price hitting 15.37 during the day. Dril Quip secures Sharpe Ratio (or Efficiency) of -0.0739, which denotes the company had a -0.0739% return per unit of risk over the last 3 months. Dril Quip exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Dril Quip's Standard Deviation of 2.65, mean deviation of 1.89, and Variance of 7.01 to check the risk estimate we provide.
Dril Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Dril |
Sharpe Ratio = -0.0739
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Estimated Market Risk
2.38 actual daily | 21 79% of assets are more volatile |
Expected Return
-0.18 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.07 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Dril Quip is not performing at its full potential. However, 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 Dril Quip by adding Dril Quip to a well-diversified portfolio.
Dril Quip Valuation on July 15, 2024
It is possible to determine the worth of Dril Quip on a given historical date. On July 15, 2024 Dril was worth 17.2 at the beginning of the trading date compared to the closed value of 17.35. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Dril Quip stock. Still, in general, we apply an absolute valuation method to find Dril Quip'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 Dril Quip where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Dril Quip's related companies.
Open | High | Low | Close | Volume | |
17.35 | 17.35 | 16.75 | 16.97 | 305,806 | |
07/15/2024 | 17.20 | 17.83 | 16.96 | 17.35 | 364,350 |
17.30 | 18.06 | 17.16 | 17.70 | 383,894 |
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Dril Quip Trading Date Momentum on July 15, 2024
On July 16 2024 Dril Quip was traded for 17.70 at the closing time. Highest Dril Quip's price during the trading hours was 18.06 and the lowest price during the day was 17.16 . The net volume was 383.9 K. The overall trading history on the 16th of July 2024 contributed to the next trading period price gain. The overall trading delta to the next next day price was 2.02% . The overall trading delta to current price is 6.86% . |
Dril Quip Fundamentals Correlations and Trends
By evaluating Dril Quip'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 Dril Quip's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Dril financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Dril Quip Stock history
Dril Quip 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 Dril is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Dril Quip 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 Dril Quip stock prices may prove useful in developing a viable investing in Dril Quip
Dril-Quip, Inc., together with its subsidiaries, designs, manufactures, sells, and services engineered drilling and production equipment for use in deepwater, harsh environment, and severe service applications worldwide. The company was founded in 1981 and is headquartered in Houston, Texas. Dril Quip operates under Oil Gas Equipment Services classification in the United States and is traded on New York Stock Exchange. It employs 1342 people.
Dril Quip Stock Technical Analysis
Dril Quip 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, delisted stock market cycles, or different charting patterns.
Price Boundaries
Dril Quip Period Price Range
Low | November 26, 2024
| High |
0.00 | 0.00 |
Dril Quip cannot be verified against its exchange. Please verify the symbol is currently traded on New York Stock Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Dril Quip November 26, 2024 Market Strength
Market strength indicators help investors to evaluate how Dril Quip stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Dril Quip shares will generate the highest return on investment. By undertsting and applying Dril Quip stock market strength indicators, traders can identify Dril Quip entry and exit signals to maximize returns
Dril Quip Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Dril Quip's price direction in advance. Along with the technical and fundamental analysis of Dril Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Dril 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 | (0.02) | |||
Jensen Alpha | (0.15) | |||
Total Risk Alpha | (0.52) | |||
Treynor Ratio | (0.23) |
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Volume Indicators |
Check out Investing Opportunities 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 metropolitan statistical area. You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Other Consideration for investing in Dril Stock
If you are still planning to invest in Dril Quip 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 Dril Quip's history and understand the potential risks before investing.
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