Independence Contract Price To Earning vs. Market Capitalization
| ICD Stock | USD 1.45 0.02 1.40% |
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 |
Is Independence Contract's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Independence Contract. If investors know Independence will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Independence Contract listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (3.31) | Revenue Per Share 13.618 | Quarterly Revenue Growth (0.27) | Return On Assets 0.0033 | Return On Equity (0.24) |
The market value of Independence Contract is measured differently than its book value, which is the value of Independence that is recorded on the company's balance sheet. Investors also form their own opinion of Independence Contract's value that differs from its market value or its book value, called intrinsic value, which is Independence Contract's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Independence Contract's market value can be influenced by many factors that don't directly affect Independence Contract's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Independence Contract's value and its price as these two are different measures arrived at by different means. Investors typically determine if Independence Contract is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Independence Contract's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Independence Contract Market Capitalization vs. Price To Earning 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 below average in price to earning category among related companies. It is rated below average in market capitalization category among related companies . At present, Independence Contract's Market Cap is projected to decrease significantly based on the last few years of reporting.Comparative valuation analysis is a catch-all model that can be used if you cannot value Independence Contract by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Independence Contract's Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Independence Contract's earnings, one of the primary drivers of an investment's value.Independence Market Capitalization vs. Price To Earning
Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
Independence Contract |
| = | (4.01) X |
Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.
Market Capitalization is the total market value of a company's equity. It is one of many ways to value a company and is calculated by multiplying the price of the stock by the number of shares issued. If a firm has one type of stock its market capitalization will be the current market share price multiplied by the number of shares. However, if a company has multiple types of equities then the market cap will be the total of the market caps of the different types of shares.
Independence Contract |
| = | 22.06 M |
In most publications or references market cap is broken down into the mega-cap, large-cap, mid-cap, small-cap, micro-cap, and nano-cap. Market Cap is a measurement of business as total market value of all of the outstanding shares at a given time, and can be used to compare different companies based on their size.
Independence Market Capitalization vs Competition
Independence Contract Drilling is rated below average in market capitalization category among related companies. Market capitalization of Energy industry is currently estimated at about 2.29 Billion. Independence Contract maintains roughly 22.06 Million in market capitalization contributing less than 1% to equities under Energy industry.
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.
| Last Reported | Projected for Next Year | ||
| Accumulated Other Comprehensive Income | 0.00 | 0.00 | |
| Operating Income | 11.2 M | 11.8 M | |
| Income Before Tax | -39.7 M | -41.7 M | |
| Total Other Income Expense Net | -50.9 M | -48.4 M | |
| Net Loss | -37.7 M | -39.6 M | |
| Income Tax Expense | -2 M | -1.9 M | |
| Net Loss | -8.3 M | -8.7 M | |
| Non Operating Income Net Other | -41.7 M | -39.6 M | |
| Net Loss | -58.8 M | -61.7 M | |
| Interest Income | 26.5 M | 27.9 M | |
| Net Interest Income | -34.8 M | -33 M | |
| Change To Netincome | 69.6 M | 73 M | |
| Net Loss | (2.69) | (2.82) | |
| Income Quality | (1.62) | (1.54) | |
| Net Income Per E B T | 0.95 | 0.74 |
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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Cigarettes
Tobacco makers and distributors across globe. The Cigarettes theme has 42 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Cigarettes Theme or any other thematic opportunities.
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Check out Risk vs Return Analysis. 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 Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.
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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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To fully project Independence Contract's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Independence Contract at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Independence Contract's income statement, its balance sheet, and the statement of cash flows.