Dril Cash And Short Term Investments from 2010 to 2024
| DRQ Stock | USD 18.60 0.06 0.32% |
Cash And Short Term Investments | First Reported 1997-03-31 | Previous Quarter 217.3 M | Current Value 202.2 M | Quarterly Volatility 168.6 M |
Check Dril Quip financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Dril main balance sheet or income statement drivers, such as Depreciation And Amortization of 20.4 M, Interest Expense of 8.6 M or Total Revenue of 463.5 M, as well as many exotic indicators such as Price To Sales Ratio of 2.54, Dividend Yield of 1.0E-4 or PTB Ratio of 0.86. Dril financial statements analysis is a perfect complement when working with Dril Quip Valuation or Volatility modules.
Dril | Cash And Short Term Investments |
Latest Dril Quip's Cash And Short Term Investments Growth Pattern
Below is the plot of the Cash And Short Term Investments of Dril Quip over the last few years. Short Term Investments is an account in the current assets section of Dril Quip balance sheet. This account contains Dril Quip investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Dril Quip fairly quickly. It is the sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash. Dril Quip's Cash And Short Term Investments historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Dril Quip's overall financial position and show how it may be relating to other accounts over time.
| Cash And Short Term Investments | 10 Years Trend |
|
Cash And Short Term Investments |
| Timeline |
Dril Cash And Short Term Investments Regression Statistics
| Arithmetic Mean | 319,322,612 | |
| Geometric Mean | 231,011,661 | |
| Coefficient Of Variation | 36.87 | |
| Mean Deviation | 86,165,347 | |
| Median | 345,955,000 | |
| Standard Deviation | 117,735,709 | |
| Sample Variance | 13861.7T | |
| Range | 491.8M | |
| R-Value | 0.17 | |
| Mean Square Error | 14471.2T | |
| R-Squared | 0.03 | |
| Significance | 0.53 | |
| Slope | 4,604,947 | |
| Total Sum of Squares | 194063.8T |
Dril Cash And Short Term Investments History
About Dril Quip Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Dril Quip income statement, its balance sheet, and the statement of cash flows. Dril Quip investors use historical funamental indicators, such as Dril Quip's Cash And Short Term Investments, to determine how well the company is positioned to perform in the future. Although Dril Quip investors may use each financial statement separately, they are all related. The changes in Dril Quip's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Dril Quip's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Dril Quip Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Dril Quip. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Cash And Short Term Investments | 217.3 M | 218.8 M |
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 Dril Quip 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, Dril Quip's short interest history, or implied volatility extrapolated from Dril Quip options trading.
Pair Trading with Dril Quip
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 Dril Quip 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 Dril Quip will appreciate offsetting losses from the drop in the long position's value.Moving together with Dril Stock
| 0.67 | TS | Tenaris SA ADR | PairCorr |
Moving against Dril Stock
| 0.62 | DWSN | Dawson Geophysical | PairCorr |
| 0.51 | DTI | Drilling Tools Inter Symbol Change | PairCorr |
The ability to find closely correlated positions to Dril Quip could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dril Quip 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 Dril Quip - 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 Dril Quip to buy it.
The correlation of Dril Quip 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 Dril Quip moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dril Quip 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 Dril Quip 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.Check out the analysis of Dril Quip Correlation against competitors. To learn how to invest in Dril Stock, please use our How to Invest in Dril Quip guide.You can also try the Commodity Directory module to find actively traded commodities issued by global exchanges.
Complementary Tools for Dril Stock analysis
When running Dril Quip's price analysis, check to measure Dril Quip'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 Dril Quip is operating at the current time. Most of Dril Quip's value examination focuses on studying past and present price action to predict the probability of Dril Quip's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Dril Quip's price. Additionally, you may evaluate how the addition of Dril Quip to your portfolios can decrease your overall portfolio volatility.
| Money Managers Screen money managers from public funds and ETFs managed around the world | |
| Pattern Recognition Use different Pattern Recognition models to time the market across multiple global exchanges | |
| Stock Tickers Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites | |
| Companies Directory Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals | |
| Instant Ratings Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Share Portfolio Track or share privately all of your investments from the convenience of any device | |
| Odds Of Bankruptcy Get analysis of equity chance of financial distress in the next 2 years | |
| Equity Valuation Check real value of public entities based on technical and fundamental data | |
| Global Markets Map Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes |
Is Dril Quip'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 Dril Quip. If investors know Dril 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 Dril Quip listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.63) | Revenue Per Share 12.95 | Quarterly Revenue Growth 0.214 | Return On Assets 0.0001 | Return On Equity (0.03) |
The market value of Dril Quip is measured differently than its book value, which is the value of Dril that is recorded on the company's balance sheet. Investors also form their own opinion of Dril Quip's value that differs from its market value or its book value, called intrinsic value, which is Dril Quip'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 Dril Quip's market value can be influenced by many factors that don't directly affect Dril Quip'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 Dril Quip's value and its price as these two are different measures arrived at by different means. Investors typically determine if Dril Quip is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Dril Quip'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.