Dril Quip Price on August 20, 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.

Sharpe Ratio = -0.0739

Best PortfolioBest Equity
Good Returns
Average Returns
Small Returns
CashSmall RiskAverage RiskHigh RiskHuge Risk
Negative ReturnsDRQ

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.

Related Headline

Oceaneering International Headline on 20th of August 2024

Filed transaction by Oceaneering International Director. Disposition to the issuer of issuer equity securities pursuant to Rule 16b-3(e)

Dril Quip Valuation on August 20, 2024

It is possible to determine the worth of Dril Quip on a given historical date. On August 20, 2024 Dril was worth 15.2 at the beginning of the trading date compared to the closed value of 15.05. 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
  15.38    15.49    15.17    15.29    205,504  
08/20/2024
  15.20    15.20    14.76    15.05    244,211  
  15.26    15.52    15.17    15.50    251,451  
Backtest Dril Quip  |  Dril Quip History  |  Dril Quip Valuation   PreviousNext  
Open Value
15.2
15.05
Closing Value
22.33
Upside

Dril Quip Trading Date Momentum on August 20, 2024

On August 21 2024 Dril Quip was traded for  15.50  at the closing time. Highest Dril Quip's price during the trading hours was 15.52  and the lowest price during the day was  15.17 . The net volume was 251.5 K. The overall trading history on the 21st of August contributed to the next trading period price gain. The overall trading delta to the next next day price was 2.99% . The overall trading delta to current price is 8.31% .

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.
A focus of Dril Quip technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Dril Quip trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Dril Quip Period Price Range

Low
November 26, 2024
0.00  NaN%
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.
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 Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.

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.
Latest Portfolios
Quick portfolio dashboard that showcases your latest portfolios
Bond Analysis
Evaluate and analyze corporate bonds as a potential investment for your portfolios.
Commodity Directory
Find actively traded commodities issued by global exchanges
AI Portfolio Architect
Use AI to generate optimal portfolios and find profitable investment opportunities
Idea Analyzer
Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas
FinTech Suite
Use AI to screen and filter profitable investment opportunities
Fundamental Analysis
View fundamental data based on most recent published financial statements
Insider Screener
Find insiders across different sectors to evaluate their impact on performance