Precision Drilling Stock Alpha and Beta Analysis
| PD Stock | CAD 92.70 0.34 0.37% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Precision Drilling. It also helps investors analyze the systematic and unsystematic risks associated with investing in Precision Drilling over a specified time horizon. Remember, high Precision Drilling's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to Precision Drilling's market risk premium analysis include:
Beta 0.31 | Alpha (0.04) | Risk 2.25 | Sharpe Ratio (0.02) | Expected Return (0.05) |
Enterprise Value |
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Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
Precision |
Precision Drilling Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Precision Drilling market risk premium is the additional return an investor will receive from holding Precision Drilling long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Precision Drilling. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Precision Drilling's performance over market.| α | -0.04 | β | 0.31 |
Precision Drilling expected buy-and-hold returns
Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Precision Drilling's Buy-and-hold return. Our buy-and-hold chart shows how Precision Drilling performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Precision Drilling Market Price Analysis
Market price analysis indicators help investors to evaluate how Precision Drilling stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Precision Drilling shares will generate the highest return on investment. By understating and applying Precision Drilling stock market price indicators, traders can identify Precision Drilling position entry and exit signals to maximize returns.
Precision Drilling Return and Market Media
The median price of Precision Drilling for the period between Tue, Aug 27, 2024 and Mon, Nov 25, 2024 is 87.69 with a coefficient of variation of 5.46. The daily time series for the period is distributed with a sample standard deviation of 4.8, arithmetic mean of 87.77, and mean deviation of 3.7. The Stock received substential amount of media coverage during this period. Price Growth (%) |
| Timeline |
1 | 7,501 Shares in Precision Drilling Co. Purchased by Versor Investments LP - MarketBeat | 09/05/2024 |
2 | ATB Capital Lowers Precision Drilling Price Target to C113.00 - MarketBeat | 09/23/2024 |
3 | Those who invested in Precision Drilling five years ago are up 189 percent - Yahoo Finance | 10/01/2024 |
4 | Precision Drilling Shares Rise on 3Q Profit Beat - MarketWatch | 10/30/2024 |
About Precision Drilling Beta and Alpha
For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Precision or other stocks. Alpha measures the amount that position in Precision Drilling has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
| 2023 | 2024 (projected) | Dividend Yield | 0.0589 | 0.0612 | Price To Sales Ratio | 0.51 | 0.49 |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Precision Drilling in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Precision Drilling's short interest history, or implied volatility extrapolated from Precision Drilling options trading.
Build Portfolio with Precision Drilling
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Check out Precision Drilling Backtesting, Precision Drilling Valuation, Precision Drilling Correlation, Precision Drilling Hype Analysis, Precision Drilling Volatility, Precision Drilling History and analyze Precision Drilling Performance. To learn how to invest in Precision Stock, please use our How to Invest in Precision Drilling guide.You can also try the Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..
Precision Drilling 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, stock market cycles, or different charting patterns.