Dril Quip Invested Capital Average Trend from 2010 to 2022

DRQ
 Stock
  

USD 23.00  0.41  1.81%   

Dril Quip Invested Capital Average yearly trend continues to be very stable with very little volatility. Invested Capital Average is likely to grow to about 639.9 M this year. During the period from 2010 to 2022, Dril Quip Invested Capital Average quarterly data regression pattern had range of 324,743,250 and median of  700,478,250. Dril Quip Income Tax Expense is very stable at the moment as compared to the past year. Dril Quip reported last year Income Tax Expense of 2.95 Million.
  
Check Dril Quip financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Dril Quip main balance sheet or income statement drivers, such as Direct Expenses of 336.7 M, Cost of Revenue of 282.9 M or Gross Profit of 82.7 M, as well as many exotic indicators such as Long Term Debt to Equity of 1.0E-4, Calculated Tax Rate of 81.09 or PPandE Turnover of 1.97. Dril Quip financial statements analysis is a perfect complement when working with Dril Quip Valuation or Volatility modules. It can also supplement Dril Quip's financial leverage analysis and stock options assessment as well as various Dril Quip Technical models . Continue to the analysis of Dril Quip Correlation against competitors.

Dril Quip Invested Capital Average Breakdown

Showing smoothed Invested Capital Average of Dril-Quip with missing and latest data points interpolated. Average invested capital value for the period used in the calculation of [ROIC]; and derived from [InvCap]. Invested capital is an input into the calculation of [ROIC]; and is calculated as: Total Debt plus Total Assets minus Goodwill and Intangible Assets minus Cash and Equivalents minus Current Liabilities. Please note this calculation method is subject to change.Dril Quip's Invested Capital Average 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.
Invested Capital Average10 Years Trend
Decreasing
Stable
   Invested Capital Average   
Share
       Timeline  

Dril Quip Invested Capital Average Regression Statistics

Arithmetic Mean 744,653,358
Geometric Mean 736,320,795
Coefficient Of Variation 15.81
Mean Deviation 102,344,978
Median 700,478,250
Standard Deviation 117,712,743
Range 324,743,250
R-Value(0.27)
R-Squared 0.07
Significance 0.38
Slope(8,081,740)

Dril Quip Invested Capital Average History

2012759.4 M
2013825.3 M
2014928.9 M
2015926.8 M
2016879.2 M
2017813.6 M
2018700.5 M
2019662.8 M
2020677.3 M
2021604.1 M
2022639.9 M

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 Invested Capital Average, 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 ReportedProjected for 2022
Invested Capital540.1 M604.7 M
Invested Capital Average604.1 M639.9 M
Market Capitalization696.4 M714.7 M
Working Capital651.9 M693.3 M
Average Assets1.1 B1.1 B
Average Equity970.1 M1.2 B
Dril-Quip, Inc., together with its subsidiaries, designs, manufactures, sells, and services engineered drilling and production equipment for use in deepwater, harsh environment, and severe service applications worldwide. The company was founded in 1981 and is headquartered in Houston, Texas. Dril Quip operates under Oil Gas Equipment Services classification in the United States and is traded on New York Stock Exchange. It employs 1342 people.

Dril Quip Investors Sentiment

The influence of Dril Quip's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Dril Quip. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.
Investor biases related to Dril Quip's public news can be used to forecast risks associated with investment in Dril Quip. The trend in average sentiment can be used to explain how an investor holding Dril Quip can time the market purely based on public headlines and social activities around Dril-Quip. Please note that most equiteis that are difficult to arbitrage are affected by market sentiment the most.
Dril Quip's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Dril Quip's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Dril Quip's news discussions. The higher the estimate score, the more favorable is the investor's outlook on Dril Quip.

Dril Quip Implied Volatility

    
  56.92  
Dril Quip's implied volatility exposes the market's sentiment of Dril-Quip stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Dril Quip's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Dril Quip stock will not fluctuate a lot when Dril Quip's options are near their expiration.
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 Quip

0.94HALHalliburton Potential GrowthPairCorr

Moving against Dril Quip

0.51AERCAeroclean Technologies TrendingPairCorr
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 equities. 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.
Pair CorrelationCorrelation Matching
Continue to the analysis of Dril Quip Correlation against competitors. Note that the Dril-Quip information on this page should be used as a complementary analysis to other Dril Quip'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 CEO Directory module to screen CEOs from public companies around the world.

Complementary Tools for Dril Quip Stock analysis

When running Dril-Quip 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 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.
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
Go
Probability Of Bankruptcy
Get analysis of equity chance of financial distress in the next 2 years
Go
Aroon Oscillator
Analyze current equity momentum using Aroon Oscillator and other momentum ratios
Go
Focused Opportunities
Build portfolios using our predefined set of ideas and optimize them against your investing preferences
Go
Volatility Analysis
Get historical volatility and risk analysis based on latest market data
Go
Fund Screener
Find actively-traded funds from around the world traded on over 30 global exchanges
Go
Efficient Frontier
Plot and analyze your portfolio and positions against risk-return landscape of the market.
Go
Transaction History
View history of all your transactions and understand their impact on performance
Go
Idea Breakdown
Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes
Go
Stock Screener
Find equities using custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook.
Go
Portfolio Volatility
Check portfolio volatility and analyze historical return density to properly model market risk
Go
Premium Stories
Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope
Go
CEO Directory
Screen CEOs from public companies around the world
Go
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 Quip 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.
Market Capitalization
776.5 M
Quarterly Revenue Growth YOY
0.16
Return On Assets
-0.0204
Return On Equity
-0.0956
The market value of Dril-Quip is measured differently than its book value, which is the value of Dril Quip 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 Dril Quip value 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.