Integrated Drilling Equipment Stock Market Value
| IRIG Stock | USD 0.05 0.00 0.00% |
| Symbol | Integrated |
Integrated Drilling 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Integrated Drilling's otc stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Integrated Drilling.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Integrated Drilling on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Integrated Drilling Equipment or generate 0.0% return on investment in Integrated Drilling over 30 days. Integrated Drilling is related to or competes with Petroleo Brasileiro, Equinor ASA, Eni SPA, YPF Sociedad, Ecopetrol, BP PLC, and Shell PLC. Integrated Drilling Equipment Holdings Corp More
Integrated Drilling Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Integrated Drilling's otc stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Integrated Drilling Equipment upside and downside potential and time the market with a certain degree of confidence.
Integrated Drilling Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Integrated Drilling's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Integrated Drilling's standard deviation. In reality, there are many statistical measures that can use Integrated Drilling historical prices to predict the future Integrated Drilling's volatility.Integrated Drilling Backtested Returns
We have found three technical indicators for Integrated Drilling, which you can use to evaluate the volatility of the firm. The company retains a Market Volatility (i.e., Beta) of 0.0, which attests to not very significant fluctuations relative to the market. the returns on MARKET and Integrated Drilling are completely uncorrelated.
Auto-correlation | 1.00 |
Perfect predictability
Integrated Drilling Equipment has perfect predictability. Overlapping area represents the amount of predictability between Integrated Drilling time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Integrated Drilling price movement. The serial correlation of 1.0 indicates that 100.0% of current Integrated Drilling price fluctuation can be explain by its past prices.
| Correlation Coefficient | 1.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Integrated Drilling lagged returns against current returns
Autocorrelation, which is Integrated Drilling otc stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Integrated Drilling's otc stock expected returns. We can calculate the autocorrelation of Integrated Drilling returns to help us make a trade decision. For example, suppose you find that Integrated Drilling has exhibited high autocorrelation historically, and you observe that the otc stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Integrated Drilling regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Integrated Drilling otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Integrated Drilling otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Integrated Drilling otc stock over time.
Current vs Lagged Prices |
| Timeline |
Integrated Drilling Lagged Returns
When evaluating Integrated Drilling's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Integrated Drilling otc stock have on its future price. Integrated Drilling autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Integrated Drilling autocorrelation shows the relationship between Integrated Drilling otc stock current value and its past values and can show if there is a momentum factor associated with investing in Integrated Drilling Equipment.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Integrated OTC Stock
Integrated Drilling financial ratios help investors to determine whether Integrated OTC Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Integrated with respect to the benefits of owning Integrated Drilling security.