Independence Contract Drilling Stock Alpha and Beta Analysis
| ICD Stock | USD 1.85 0.07 3.65% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Independence Contract Drilling. It also helps investors analyze the systematic and unsystematic risks associated with investing in Independence Contract over a specified time horizon. Remember, high Independence Contract'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 Independence Contract's market risk premium analysis include:
Beta (0.25) | Alpha (0.07) | Risk 3.1 | Sharpe Ratio (0.04) | Expected Return (0.13) |
Independence Contract Quarterly Cash And Equivalents |
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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.
Independence |
Independence Contract Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Independence Contract market risk premium is the additional return an investor will receive from holding Independence Contract 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 Independence Contract. 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 Independence Contract's performance over market.| α | -0.07 | β | -0.25 |
Independence Contract 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 Independence Contract's Buy-and-hold return. Our buy-and-hold chart shows how Independence Contract performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Independence Contract Market Price Analysis
Market price analysis indicators help investors to evaluate how Independence Contract stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Independence Contract shares will generate the highest return on investment. By understating and applying Independence Contract stock market price indicators, traders can identify Independence Contract position entry and exit signals to maximize returns.
Independence Contract Return and Market Media
The median price of Independence Contract for the period between Fri, Jan 26, 2024 and Thu, Apr 25, 2024 is 1.91 with a coefficient of variation of 7.23. The daily time series for the period is distributed with a sample standard deviation of 0.14, arithmetic mean of 1.9, and mean deviation of 0.11. The Stock received substential amount of media coverage during this period. Price Growth (%) |
| Timeline |
1 | Exercise or conversion by Stacy Nieuwoudt of 16667 shares of Independence Contract subject to Rule 16b-3 | 02/09/2024 |
2 | Independent Contract Drilling Q4 Earnings Snapshot | 02/28/2024 |
3 | Stonegate Capital Partners Updates Coverage on Independence Contract Drilling, Inc Q4 2023 | 02/29/2024 |
4 | Sidoti Csr Comments on Independence Contract Drilling, Inc.s Q1 2024 Earnings | 03/06/2024 |
5 | Disposition of 25000 shares by Barrett Robert J. Iv of Independence Contract subject to Rule 16b-3 | 03/08/2024 |
6 | SAP SE Awarded Gold for Best Investment Solution, Using ICD Portal | 03/11/2024 |
7 | Disposition of 2750 shares by Vincent Cebula of Independence Contract subject to Rule 16b-3 | 03/18/2024 |
8 | INDEPENDENCE CONTRACT DRILLING, INC. ENGAGES PIPER SANDLER CO. AS FINANCIAL ADVISOR TO STRATEGIC ALTERNATIVES COMMITTEE | 03/21/2024 |
9 | Dubai Weighs IPO of Construction Firm ALEC Amid Property Boom | 03/26/2024 |
10 | UPDATE 1-Tradeweb to buy investment tech firm ICD for 785 mln | 04/08/2024 |
11 | Independence Contract Drilling, Inc. Announces Timing of First Quarter 2024 Financial Results and Conference Call | 04/23/2024 |
About Independence Contract 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 Independence or other stocks. Alpha measures the amount that position in Independence Contract 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.
| 2020 | 2021 | 2023 (projected) | Dividend Yield | 1.46 | 0.28 | 0.32 | Price To Sales Ratio | 0.17 | 0.26 | 0.16 |
Independence Contract Upcoming Company Events
As portrayed in its financial statements, the presentation of Independence Contract's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Independence Contract's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Independence Contract's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Independence Contract. Please utilize our Beneish M Score to check the likelihood of Independence Contract's management manipulating its earnings.
| 7th of March 2024 Upcoming Quarterly Report | View | |
| 14th of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 7th of March 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
Build Portfolio with Independence Contract
Your optimized portfolios are the building block of your wealth. We provide an intuitive interface to determine which securities in a portfolio should be removed or rebalanced to achieve better diversification, find the right mix of securities that minimizes portfolio risk for a given return, or maximize portfolio expected return for a given risk level.Build Diversified Portfolios
Align your risk with return expectations
Check out Independence Contract Backtesting, Independence Contract Valuation, Independence Contract Correlation, Independence Contract Hype Analysis, Independence Contract Volatility, Independence Contract History and analyze Independence Contract Performance. Note that the Independence Contract information on this page should be used as a complementary analysis to other Independence Contract's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the AI Investment Finder module to use AI to screen and filter profitable investment opportunities.
Complementary Tools for Independence Stock analysis
When running Independence Contract's price analysis, check to measure Independence Contract'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 Independence Contract is operating at the current time. Most of Independence Contract's value examination focuses on studying past and present price action to predict the probability of Independence Contract's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Independence Contract's price. Additionally, you may evaluate how the addition of Independence Contract to your portfolios can decrease your overall portfolio volatility.
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| Headlines Timeline Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity |
Independence Contract 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.