Dril Quip Stock Market Value

DRQ -  USA Stock  

USD 24.35  0.83  3.53%

Dril Quip's market value is the price at which a share of Dril Quip stock trades on a public exchange. It measures the collective expectations of Dril-Quip investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Dril-Quip and determine expected loss or profit from investing in Dril Quip over a given investment horizon. Continue to Dril Quip Hype Analysis, Dril Quip Correlation, Dril Quip Valuation, Dril Quip Volatility, as well as analyze Dril Quip Alpha and Beta and Dril Quip Performance.
Symbol
Backtest


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
840.5 M
Quarterly Revenue Growth YOY
0.023
Return On Assets
-0.0281
Return On Equity
-0.11
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.

Dril Quip 'What if' Analysis

In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Dril Quip's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Dril Quip.
0.00
05/27/2022
No Change 0.00  0.0 
In 30 days
06/26/2022
0.00
If you would invest  0.00  in Dril Quip on May 27, 2022 and sell it all today you would earn a total of 0.00 from holding Dril-Quip or generate 0.0% return on investment in Dril Quip over 30 days. Dril Quip is related to or competes with Baker Hughes, McDonalds Corp, Hp, General Electric, Procter Gamble, Microsoft Corp, and Dupont Denemours. Dril-Quip, Inc., together with its subsidiaries, designs, manufactures, sells, and services engineered drilling and prod...More

Dril Quip Upside/Downside Indicators

Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Dril Quip's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Dril-Quip upside and downside potential and time the market with a certain degree of confidence.

Dril Quip Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Dril Quip's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dril Quip's standard deviation. In reality, there are many statistical measures that can use Dril Quip historical prices to predict the future Dril Quip's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Dril Quip'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. Please use the tools below to analyze the current value of Dril Quip in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
20.5523.7927.03
Details
Intrinsic
Valuation
LowReal ValueHigh
21.0924.3327.57
Details
Naive
Forecast
LowNext ValueHigh
18.9322.1725.41
Details
5 Analysts
Consensus
LowTarget PriceHigh
20.0024.3332.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Dril Quip. Your research has to be compared to or analyzed against Dril Quip's peers to derive any actionable benefits. When done correctly, Dril Quip's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Dril-Quip.

Dril-Quip Backtested Returns

Dril-Quip secures Sharpe Ratio (or Efficiency) of -0.15, which denotes the company had -0.15% of return per unit of risk over the last 3 months. Macroaxis standpoint towards predicting the risk of any stock is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. Dril-Quip exposes twenty-one different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Dril-Quip mean deviation of 2.58, and Coefficient Of Variation of (640.50) to check the risk estimate we provide.
The firm shows a Beta (market volatility) of 1.0545, which means a somewhat significant risk relative to the market. Let's try to break down what Dril Quip's beta means in this case. Dril Quip returns are very sensitive to returns on the market. As the market goes up or down, Dril Quip is expected to follow. Even though it is essential to pay attention to Dril-Quip historical returns, it is always good to be careful when utilizing equity current trending patterns. Our philosophy towards predicting any stock's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Dril-Quip exposes twenty-one different technical indicators, which can help you to evaluate its performance. Dril-Quip has an expected return of -0.49%. Please be advised to confirm Dril-Quip information ratio, as well as the relationship between the potential upside and kurtosis to decide if Dril-Quip performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  0.43  

Average predictability

Dril-Quip has average predictability. Overlapping area represents the amount of predictability between Dril Quip time series from 27th of May 2022 to 11th of June 2022 and 11th of June 2022 to 26th of June 2022. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Dril-Quip price movement. The serial correlation of 0.43 indicates that just about 43.0% of current Dril Quip price fluctuation can be explain by its past prices.
Correlation Coefficient0.43
Spearman Rank Test0.41
Residual Average0.0
Price Variance1.97

Dril-Quip lagged returns against current returns

Autocorrelation, which is Dril Quip stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Dril Quip's stock expected returns. We can calculate the autocorrelation of Dril Quip returns to help us make a trade decision. For example, suppose you find that Dril Quip stock has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the stock movement to match the lagging time series.
 Current and Lagged Values 
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      Timeline 

Dril Quip regressed lagged prices vs. current prices

Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Dril Quip stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dril Quip stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Dril Quip stock over time.
 Current vs Lagged Prices 
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      Timeline 

Dril Quip Lagged Returns

When evaluating Dril Quip's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dril Quip stock have on its future price. Dril Quip autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Dril Quip autocorrelation shows the relationship between Dril Quip stock current value and its past values and can show if there is a momentum factor associated with investing in Dril-Quip.
 Regressed Prices 
Share
      Timeline 

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.

Dril Quip Implied Volatility

    
  54.16  
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.

Current Sentiment - DRQ

Dril-Quip Investor Sentiment

Greater number of Macroaxis users are currently bullish on Dril-Quip. What is your opinion about investing in Dril-Quip? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish

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.

Dril Quip Pair Correlation

Correlation Analysis For Direct Indexing and Tax-loss Harvesting

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 Dril Quip Hype Analysis, Dril Quip Correlation, Dril Quip Valuation, Dril Quip Volatility, as well as analyze Dril Quip Alpha and Beta and Dril Quip Performance. 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 Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.

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.
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Dril Quip 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.
A focus of Dril Quip technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Dril Quip trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...