Precision Drilling Stock Price Patterns
| PD Stock | CAD 118.24 1.43 1.19% |
Momentum 70
Buy Stretched
Oversold | Overbought |
Quarterly Earnings Growth (0.26) | EPS Estimate Next Quarter 1.8019 | EPS Estimate Current Year 6.045 | EPS Estimate Next Year 7.9403 | Wall Street Target Price 121.25 |
Using Precision Drilling hype-based prediction, you can estimate the value of Precision Drilling from the perspective of Precision Drilling response to recently generated media hype and the effects of current headlines on its competitors.
The fear of missing out, i.e., FOMO, can cause potential investors in Precision Drilling to buy its stock at a price that has no basis in reality. In that case, they are not buying Precision because the equity is a good investment, but because they need to do something to avoid the feeling of missing out. On the other hand, investors will often sell stocks at prices well below their value during bear markets because they need to stop feeling the pain of losing money.
Precision Drilling after-hype prediction price | CAD 118.04 |
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
Precision |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Precision Drilling'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.
Precision Drilling After-Hype Price Density Analysis
As far as predicting the price of Precision Drilling at your current risk attitude, this probability distribution graph shows the chance that the prediction will fall between or within a specific range. We use this chart to confirm that your returns on investing in Precision Drilling or, for that matter, your successful expectations of its future price, cannot be replicated consistently. Please note, a large amount of money has been lost over the years by many investors who confused the symmetrical distributions of Stock prices, such as prices of Precision Drilling, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
Precision Drilling Estimiated After-Hype Price Volatility
In the context of predicting Precision Drilling's stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Precision Drilling's historical news coverage. Precision Drilling's after-hype downside and upside margins for the prediction period are 116.37 and 119.71, respectively. We have considered Precision Drilling's daily market price in relation to the headlines to evaluate this method's predictive performance. Remember, however, there is no scientific proof or empirical evidence that news-based prediction models compare with traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
Precision Drilling is very steady at this time. Analysis and calculation of next after-hype price of Precision Drilling is based on 3 months time horizon.
Precision Drilling Stock Price Outlook Analysis
Have you ever been surprised when a price of a Company such as Precision Drilling is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Precision Drilling backward and forwards among themselves. Have you ever observed a lot of a particular company's price movement is driven by press releases or news about the company that has nothing to do with actual earnings? Usually, hype to individual companies acts as price momentum. If not enough favorable publicity is forthcoming, the Stock price eventually runs out of speed. So, the rule of thumb here is that as long as this news hype has nothing to do with immediate earnings, you should pay more attention to it. If you see this tendency with Precision Drilling, there might be something going there, and it might present an excellent short sale opportunity.
| Expected Return | Period Volatility | Hype Elasticity | Related Elasticity | News Density | Related Density | Expected Hype |
0.66 | 1.67 | 0.20 | 0.00 | 10 Events / Month | 2 Events / Month | In about 10 days |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | |
118.24 | 118.04 | 0.17 |
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Precision Drilling Hype Timeline
Precision Drilling is at this time traded for 118.24on Toronto Exchange of Canada. The entity has historical hype elasticity of -0.2, and average elasticity to hype of competition of 0.0. Precision is anticipated to decline in value after the next headline, with the price expected to drop to 118.04. The average volatility of media hype impact on the company price is over 100%. The price reduction on the next news is expected to be -0.17%, whereas the daily expected return is at this time at 0.66%. The volatility of related hype on Precision Drilling is about 25050.0%, with the expected price after the next announcement by competition of 118.24. About 55.0% of the company shares are owned by institutional investors. The company has price-to-book ratio of 0.92. Typically companies with comparable Price to Book (P/B) are able to outperform the market in the long run. Precision Drilling has Price/Earnings To Growth (PEG) ratio of 0.33. The entity last dividend was issued on the 4th of November 2015. The firm had 1:20 split on the 12th of November 2020. Assuming the 90 days horizon the next anticipated press release will be in about 10 days. Check out Precision Drilling Basic Forecasting Models to cross-verify your projections.Precision Drilling Related Hype Analysis
Having access to credible news sources related to Precision Drilling's direct competition is more important than ever and may enhance your ability to predict Precision Drilling's future price movements. Getting to know how Precision Drilling's peers react to changing market sentiment, related social signals, and mainstream news is a great way to find investing opportunities and time the market. The summary table below summarizes the essential lagging indicators that can help you analyze how Precision Drilling may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| TCW | Trican Well Service | (0.02) | 6 per month | 1.97 | 0.18 | 3.20 | (3.09) | 10.95 | |
| PSI | Pason Systems | (0.08) | 6 per month | 1.43 | (0.01) | 2.25 | (2.35) | 5.82 | |
| CJ | Cardinal Energy | (0.13) | 8 per month | 1.63 | 0.1 | 3.30 | (3.02) | 9.30 | |
| KEL | Kelt Exploration | 0.29 | 7 per month | 2.39 | 0.04 | 4.17 | (3.87) | 12.16 | |
| MER | Meren Energy | (0.02) | 4 per month | 1.62 | 0.1 | 3.14 | (2.79) | 11.16 | |
| SDE | Spartan Delta Corp | (0.01) | 9 per month | 2.01 | 0.20 | 4.13 | (3.27) | 11.05 | |
| ESI | Ensign Energy Services | (0.13) | 3 per month | 2.62 | 0.15 | 5.51 | (4.00) | 14.02 | |
| TOT | Total Energy Services | 0.36 | 3 per month | 1.94 | 0.09 | 2.80 | (2.20) | 11.20 | |
| MATR | Mattr Corp | (0.20) | 6 per month | 0.00 | (0.07) | 2.63 | (2.51) | 22.33 |
Precision Drilling Additional Predictive Modules
Most predictive techniques to examine Precision price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Precision using various technical indicators. When you analyze Precision charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
About Precision Drilling Predictive Indicators
The successful prediction of Precision Drilling stock price could yield a significant profit to investors. But is it possible? The efficient-market hypothesis suggests that all published stock prices of traded companies, such as Precision Drilling, already reflect all publicly available information. This academic statement is a fundamental principle of many financial and investing theories used today. However, the typical investor usually disagrees with a 'textbook' version of this hypothesis and continually tries to find mispriced stocks to increase returns. We use internally-developed statistical techniques to arrive at the intrinsic value of Precision Drilling based on analysis of Precision Drilling hews, social hype, general headline patterns, and widely used predictive technical indicators.
We also calculate exposure to Precision Drilling's market risk, different technical and fundamental indicators, relevant financial multiples and ratios, and then comparing them to Precision Drilling's related companies. | 2025 | 2026 (projected) | Dividend Yield | 0.0461 | 0.032 | Price To Sales Ratio | 0.76 | 0.72 |
Pair Trading with Precision Drilling
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Precision Drilling position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Precision Drilling will appreciate offsetting losses from the drop in the long position's value.Moving together with Precision Stock
| 0.9 | ENB-PFV | Enbridge Pref 5 Earnings Call Tomorrow | PairCorr |
| 0.82 | ENB-PFC | Enbridge Pref 11 Earnings Call Tomorrow | PairCorr |
| 0.86 | ENB-PFU | Enbridge Pref L Earnings Call Tomorrow | PairCorr |
Moving against Precision Stock
| 0.94 | NFLX | Netflix Inc CDR | PairCorr |
| 0.84 | MSFT | Microsoft Corp CDR | PairCorr |
| 0.84 | MSFT | Microsoft CDR | PairCorr |
| 0.82 | SAGE | Sage Potash Corp | PairCorr |
| 0.69 | ENS-PA | E Split Corp | PairCorr |
| 0.36 | AAPL | Apple Inc CDR | PairCorr |
The ability to find closely correlated positions to Precision Drilling could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Precision Drilling when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Precision Drilling - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Precision Drilling to buy it.
The correlation of Precision Drilling is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Precision Drilling moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Precision Drilling moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Precision Drilling can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Precision Drilling Basic Forecasting Models to cross-verify your projections. To learn how to invest in Precision Stock, please use our How to Invest in Precision Drilling guide.You can also try the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.