Independence Contract Drilling Stock Price on October 27, 2021
| ICD Stock | USD 1.91 0.01 0.53% |
Below is the normalized historical share price chart for Independence Contract Drilling extending back to August 08, 2014. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Independence Contract stands at 1.91, as last reported on the 19th of April, with the highest price reaching 1.92 and the lowest price hitting 1.83 during the day.
If you're considering investing in Independence Stock, it is important to understand the factors that can impact its price. Independence Contract holds Efficiency (Sharpe) Ratio of -0.0245, which attests that the entity had a -0.0245% return per unit of risk over the last 3 months. Independence Contract exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Independence Contract's Risk Adjusted Performance of (0.01), standard deviation of 3.0, and Market Risk Adjusted Performance of 0.3126 to validate the risk estimate we provide.
At present, Independence Contract's Common Stock Shares Outstanding is projected to increase significantly based on the last few years of reporting. The current year's Common Stock is expected to grow to about 231.3 K, whereas Liabilities And Stockholders Equity is forecasted to decline to about 404.9 M. . The current year's Price To Free Cash Flows Ratio is expected to grow to 1.77, whereas Price To Sales Ratio is forecasted to decline to 0.16. Independence Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 8th of August 2014 | 200 Day MA 2.4561 | 50 Day MA 1.8536 | Beta 4.956 |
Independence |
Sharpe Ratio = -0.0245
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | ICD |
Estimated Market Risk
| 3.05 actual daily | 26 74% of assets are more volatile |
Expected Return
| -0.07 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.02 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Independence Contract is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Independence Contract by adding Independence Contract to a well-diversified portfolio.
Price Book 0.1665 | Enterprise Value Ebitda 4.5541 | Price Sales 0.1439 | Shares Float 11.3 M | Wall Street Target Price 4.5 |
Independence Contract Valuation on October 27, 2021
It is possible to determine the worth of Independence Contract on a given historical date. On October 27, 2021 Independence was worth 4.18 at the beginning of the trading date compared to the closed value of 4.24. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Independence Contract stock. Still, in general, we apply an absolute valuation method to find Independence Contract's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Independence Contract where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Independence Contract's related companies.
| Open | High | Low | Close | Volume | |
04/04/2022 | 4.18 | 4.25 | 3.96 | 4.24 | 229,800 |
| 4.31 | 4.42 | 3.91 | 3.93 | 231,800 |
| Backtest Independence Contract | | | Independence Contract History | | | Independence Contract Valuation | Next |
Independence Contract Trading Date Momentum on October 27, 2021
The event impact on price volatility cannot be determined at this time. Please check this event after some time to allow current data to be analyzed.Independence Contract Fundamentals Correlations and Trends
By evaluating Independence Contract's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Independence Contract's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Independence financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Independence Contract Stock history
Independence Contract investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Independence is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Independence Contract will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Independence Contract stock prices may prove useful in developing a viable investing in Independence Contract
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 14 M | 14.7 M | |
| Net Loss | -58.8 M | -61.7 M |
Independence Contract Stock Technical Analysis
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.
Price Boundaries
Independence Contract Period Price Range
Low | April 4, 2022
| High |
4.18 | 4.24 |
Independence Contract April 19, 2024 Market Strength
Market strength 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 undertsting and applying Independence Contract stock market strength indicators, traders can identify Independence Contract Drilling entry and exit signals to maximize returns
| Accumulation Distribution | 15680.47 | |||
| Daily Balance Of Power | 0.2069 | |||
| Rate Of Daily Change | 1.01 | |||
| Day Median Price | 4.11 | |||
| Day Typical Price | 4.15 | |||
| Price Action Indicator | 0.17 | |||
| Period Momentum Indicator | (2.33) |
Independence Contract Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Independence Contract's price direction in advance. Along with the technical and fundamental analysis of Independence Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Independence to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.36) | |||
| Treynor Ratio | 0.3026 |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Independence Contract Drilling. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. 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 Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
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.
| Stock Screener Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook. | |
| Volatility Analysis Get historical volatility and risk analysis based on latest market data | |
| AI Investment Finder Use AI to screen and filter profitable investment opportunities | |
| Money Managers Screen money managers from public funds and ETFs managed around the world | |
| Global Markets Map Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes | |
| Options Analysis Analyze and evaluate options and option chains as a potential hedge for your portfolios | |
| 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 |
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.