Independence Contract Drilling Stock Probability of Future Stock Price Finishing Over 3.0
| ICD Stock | USD 1.91 0.01 0.53% |
Closest to current price Independence long CALL Option Payoff at Expiration
Independence |
Independence Contract Target Price Odds to finish over 3.0
The tendency of Independence Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to move over $ 3.00 or more in 90 days |
| 1.91 | 90 days | 3.00 | near 1 |
Based on a normal probability distribution, the odds of Independence Contract to move over $ 3.00 or more in 90 days from now is near 1 (This Independence Contract Drilling probability density function shows the probability of Independence Stock to fall within a particular range of prices over 90 days) . Probability of Independence Contract price to stay between its current price of $ 1.91 and $ 3.00 at the end of the 90-day period is about 47.15 .
Considering the 90-day investment horizon Independence Contract Drilling has a beta of -0.25. This usually indicates as returns on the benchmark increase, returns on holding Independence Contract are expected to decrease at a much lower rate. During a bear market, however, Independence Contract Drilling is likely to outperform the market. Additionally Independence Contract Drilling has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite. Independence Contract Price Density |
| Price |
Predictive Modules for Independence Contract
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Independence Contract. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Independence Contract's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Independence Contract Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Independence Contract is not an exception. The market had few large corrections towards the Independence Contract's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Independence Contract Drilling, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Independence Contract within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | -0.05 | |
β | Beta against NYSE Composite | -0.25 | |
σ | Overall volatility | 0.14 | |
Ir | Information ratio | -0.05 |
Independence Contract Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Independence Contract for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Independence Contract can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Independence Contract generated a negative expected return over the last 90 days | |
| Independence Contract may become a speculative penny stock | |
| Independence Contract has high historical volatility and very poor performance | |
| Independence Contract has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the last year's revenue of 210.11 M. Reported Net Loss for the year was (37.7 M) with profit before taxes, overhead, and interest of 63.31 M. | |
| About 13.0% of the company shares are held by company insiders | |
| Latest headline from finance.yahoo.com: Tradeweb to buy investment tech firm ICD for 785 million |
Independence Contract Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Independence Stock often depends not only on the future outlook of the current and potential Independence Contract's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Independence Contract's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 14 M | |
| Cash And Short Term Investments | 5.6 M |
Independence Contract Technical Analysis
Independence Contract's future price can be derived by breaking down and analyzing its technical indicators over time. Independence Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Independence Contract Drilling. In general, you should focus on analyzing Independence Stock price patterns and their correlations with different microeconomic environments and drivers.
Independence Contract Predictive Forecast Models
Independence Contract's time-series forecasting models is one of many Independence Contract's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Independence Contract's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Independence Contract
Checking the ongoing alerts about Independence Contract for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Independence Contract help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Independence Contract generated a negative expected return over the last 90 days | |
| Independence Contract may become a speculative penny stock | |
| Independence Contract has high historical volatility and very poor performance | |
| Independence Contract has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the last year's revenue of 210.11 M. Reported Net Loss for the year was (37.7 M) with profit before taxes, overhead, and interest of 63.31 M. | |
| About 13.0% of the company shares are held by company insiders | |
| Latest headline from finance.yahoo.com: Tradeweb to buy investment tech firm ICD for 785 million |
Check out Independence Contract Backtesting, Independence Contract Valuation, Independence Contract Correlation, Independence Contract Hype Analysis, Independence Contract Volatility, Independence Contract History as well as 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 Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
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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| Fundamental Analysis View fundamental data based on most recent published financial statements |
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 (2.69) | Revenue Per Share 14.995 | Quarterly Revenue Growth (0.24) | Return On Assets 0.017 | Return On Equity (0.19) |
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.