Precision Drilling Stock Alpha and Beta Analysis
| PDS Stock | USD 66.38 0.25 0.38% |
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 1.11 | Alpha (0.17) | Risk 2.3 | Sharpe Ratio (0.05) | Expected Return (0.11) |
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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 | -0.17 | β | 1.11 |
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 63.4 with a coefficient of variation of 6.08. The daily time series for the period is distributed with a sample standard deviation of 3.89, arithmetic mean of 63.95, and mean deviation of 2.92. The Stock received substential amount of media coverage during this period. Price Growth (%) |
| Timeline |
1 | ExxonMobil Seeks 3-Year Extension for Golden Pass LNG Project | 08/30/2024 |
2 | Precision Drilling Corporation 2024 Third Quarter Results Conference Call and Webcast | 10/02/2024 |
3 | Perceptive Completes Successful Clinical Study of Worlds First 3D Intraoral OCT Dental Imaging System at PDS Health | 10/15/2024 |
4 | Precision Drilling sees third-quarter profits rise on stronger Canadian rig demand | 10/29/2024 |
5 | Precision Drilling Corp Trading 6.42 percent Higher on Oct 30 | 10/30/2024 |
6 | Precision Drilling Corp Q3 2024 Earnings Call Highlights Strong Revenue Growth and ... | 10/31/2024 |
7 | Precision Drillings SWOT analysis stock poised for growth amid market challenges - Investing.com | 11/05/2024 |
8 | PDS Biotech Provides Clinical Programs Update and Reports Third Quarter 2024 Financial Results | 11/14/2024 |
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 |
Precision Drilling Upcoming Company Events
As portrayed in its financial statements, the presentation of Precision Drilling's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Precision Drilling's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Precision Drilling's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Precision Drilling. Please utilize our Beneish M Score to check the likelihood of Precision Drilling's management manipulating its earnings.
| 6th of February 2024 Upcoming Quarterly Report | View | |
| 24th of April 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 6th of February 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
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Additional Tools for Precision Stock Analysis
When running Precision Drilling's price analysis, check to measure Precision Drilling's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Precision Drilling is operating at the current time. Most of Precision Drilling's value examination focuses on studying past and present price action to predict the probability of Precision Drilling's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Precision Drilling's price. Additionally, you may evaluate how the addition of Precision Drilling to your portfolios can decrease your overall portfolio volatility.