Independence Contract Drilling Price on December 31, 2022

If you're considering investing in Independence Stock, it is important to understand the factors that can impact its price. We have found fifteen technical indicators for Independence Contract, which you can use to evaluate the volatility of the firm. Please check out Independence Contract's Risk Adjusted Performance of (0.12), market risk adjusted performance of 0.5923, and Standard Deviation of 8.91 to validate if the risk estimate we provide is consistent with the expected return of 0.0%.
  
Independence Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = 0.0

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Based on monthly moving average Independence Contract 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 Independence Contract by adding Independence Contract to a well-diversified portfolio.

Independence Contract Valuation on December 31, 2022

It is possible to determine the worth of Independence Contract on a given historical date. On December 31, 2022 Independence was worth 3.2 at the beginning of the trading date compared to the closed value of 3.27. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Independence Contract stock. Still, in general, we apply an absolute valuation method to find Independence Contract'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 Independence Contract where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Independence Contract's related companies.
 Open High Low Close Volume
  2.82    3.23    2.82    3.22    143,442  
12/30/2022
  3.20    3.29    3.18    3.27    103,183  
  3.29    3.35    2.95    3.02    88,943  
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Open Value
3.2
3.27
Closing Value
3.20
Upside

Independence Contract Trading Date Momentum on December 31, 2022

On January 03 2023 Independence Contract Drilling was traded for  3.02  at the closing time. Highest Independence Contract's price during the trading hours was 3.35  and the lowest price during the day was  2.95 . The net volume was 88.9 K. The overall trading history on the 3rd of January contributed to the next trading period price depreciation. The trading delta at closing time to the next next day price was 7.65% . The trading delta at closing time to current price is 1.22% .

Independence Contract Fundamentals Correlations and Trends

By evaluating Independence Contract'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 Independence Contract's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Independence financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Independence Contract Stock history

Independence Contract 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 Independence is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Independence Contract 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 Independence Contract stock prices may prove useful in developing a viable investing in Independence Contract
Independence Contract Drilling, Inc. provides land-based contract drilling services for oil and natural gas producers in the United States. Independence Contract Drilling, Inc. was incorporated in 2011 and is headquartered in Houston, Texas. Independence Contract operates under Oil Gas Drilling classification in the United States and is traded on New York Stock Exchange. It employs 500 people.

Independence Contract Stock Technical Analysis

Independence Contract 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 Independence Contract technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Independence Contract 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

Independence Contract Period Price Range

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Independence Contract Drilling 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.

Independence Contract November 30, 2024 Market Strength

Market strength indicators help investors to evaluate how Independence Contract stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Independence Contract shares will generate the highest return on investment. By undertsting and applying Independence Contract stock market strength indicators, traders can identify Independence Contract Drilling entry and exit signals to maximize returns

Independence Contract Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Independence Contract's price direction in advance. Along with the technical and fundamental analysis of Independence Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Independence 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 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 Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.

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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