Independence Contract Current Valuation vs. Shares Outstanding
Based on Independence Contract's profitability indicators, Independence Contract Drilling may not be well positioned to generate adequate gross income at the moment. It has a very high risk of underperforming in January. Profitability indicators assess Independence Contract's ability to earn profits and add value for shareholders.
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.
For Independence Contract profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Independence Contract to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Independence Contract Drilling utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Independence Contract's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Independence Contract Drilling over time as well as its relative position and ranking within its peers.
Independence |
Independence Contract Shares Outstanding vs. Current Valuation Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Independence Contract's current stock value. Our valuation model uses many indicators to compare Independence Contract value to that of its competitors to determine the firm's financial worth. Independence Contract Drilling is rated fifth overall in current valuation category among its peers. It also is rated fifth overall in shares outstanding category among its peers creating about 0.09 of Shares Outstanding per Current Valuation. The ratio of Current Valuation to Shares Outstanding for Independence Contract Drilling is roughly 11.35 . Comparative valuation analysis is a catch-all technique that is used if you cannot value Independence Contract by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.Independence Current Valuation vs. Competition
Independence Contract Drilling is rated fifth overall in current valuation category among its peers. After adjusting for long-term liabilities, total market size of Energy industry is currently estimated at about 4.01 Billion. Independence Contract holds roughly 172.67 Million in current valuation claiming about 4% of equities under Energy industry.
Independence Shares Outstanding vs. Current Valuation
Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
Independence Contract |
| = | 172.67 M |
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
Outstanding Shares are shares of common stock of a public company that were purchased by investors after they were authorized and issued by the company to the public. Outstanding Shares are typically reported on fully diluted basis, including exotic instruments such as options, or convertibles bonds.
Independence Contract |
| = | 15.22 M |
Outstanding shares that are stated on company Balance Sheet are used when calculating many important valuation and performance indicators including Return on Equity, Market Cap, EPS and many others.
Independence Shares Outstanding Comparison
Independence Contract is currently under evaluation in shares outstanding category among its peers.
Independence Contract Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Independence Contract, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Independence Contract will eventually generate negative long term returns. The profitability progress is the general direction of Independence Contract's change in net profit over the period of time. It can combine multiple indicators of Independence Contract, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
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 Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Independence Contract. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Independence Contract position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Independence Contract's important profitability drivers and their relationship over time.
Use Independence Contract in pair-trading
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 Independence Contract 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 Independence Contract will appreciate offsetting losses from the drop in the long position's value.Independence Contract Pair Trading
Independence Contract Drilling Pair Trading Analysis
The ability to find closely correlated positions to Independence Contract could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Independence Contract 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 Independence Contract - 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 Independence Contract Drilling to buy it.
The correlation of Independence Contract 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 Independence Contract moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Independence Contract 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 Independence Contract 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.Use Investing Themes to Complement your Independence Contract position
In addition to having Independence Contract in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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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 Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
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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