Dril Quip Stock Performance

DRQ
 Stock
  

USD 23.96  0.37  1.52%   

The firm shows a Beta (market volatility) of 1.0685, 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 -0.63%. 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.
  
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Dril Quip Performance
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Over the last 90 days Dril-Quip has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of fragile performance in the last few months, the Stock's basic indicators remain very healthy which may send shares a bit higher in August 2022. The recent disarray may also be a sign of long period up-swing for the firm insiders. ...more

Structure and Payout Changes

Last Split Factor
2:1
Last Split Date
2006-10-06

Dril Quip Price Channel

Quick Ratio7.59
Fifty Two Week Low18.17
Target High Price35.00
Fifty Two Week High41.23
Target Low Price22.00

Dril Quip Relative Risk vs. Return Landscape

If you would invest  3,623  in Dril-Quip on April 8, 2022 and sell it today you would lose (1,227)  from holding Dril-Quip or give up 33.87% of portfolio value over 90 days. Dril-Quip is generating negative expected returns assuming volatility of 3.1802% on return distribution over 90 days investment horizon. In other words, 27% of stocks are less volatile than Dril Quip, and above 99% of all equities are expected to generate higher returns over the next 90 days.
 Daily Expected Return (%) 
      Risk (%) 
Considering the 90-day investment horizon Dril Quip is expected to under-perform the market. In addition to that, the company is 2.18 times more volatile than its market benchmark. It trades about -0.2 of its total potential returns per unit of risk. The DOW is currently generating roughly -0.12 per unit of volatility.

Dril Quip Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Dril Quip's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Dril-Quip, and traders can use it to determine the average amount a Dril Quip's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.

Sharpe Ratio = -0.1966

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Negative ReturnsDRQ
Estimated Market Risk
 3.18
  actual daily
 
 27 %
of total potential
 
2727
Expected Return
 -0.63
  actual daily
 
 0 %
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Risk-Adjusted Return
 -0.2
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Based on monthly moving average Dril Quip is performing at about 0% of its full potential. 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 Dril Quip by adding it to a well-diversified portfolio.

About Dril Quip Performance

To evaluate Dril-Quip Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Dril Quip generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Dril Quip Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Dril-Quip stock market performance in a much more refined way. At Macroaxis, we take it even further. The Macroaxis performance score is an integer between 0 and 100 that represents Dril Quip's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.
Last ReportedProjected for 2022
Effect of Exchange Rate Changes on Cash-1.4 M-1.5 M
Return on Investment(13.34) (13.69) 
Return on Average Assets(0.12) (0.12) 
Return on Average Equity(0.13) (0.14) 
Return on Invested Capital(0.21) (0.21) 
Return on Sales(0.39) (0.40) 
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.

Things to note about Dril-Quip

Checking the ongoing alerts about Dril Quip for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Dril-Quip help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.

Dril Quip Alerts

Equity Alerts and Improvement Suggestions

Dril-Quip generated a negative expected return over the last 90 days
Dril-Quip has high historical volatility and very poor performance
Dril-Quip has high likelihood to experience some financial distress in the next 2 years
The company reported the last year's revenue of 324.84 M. Reported Net Loss for the year was (102.58 M) with profit before taxes, overhead, and interest of 80.59 M.
Latest headline from www.marketbeat.com: Acquisition by Darryl Willis of 908 shares of Dril Quip subject to Rule 16b-3
Continue to Investing Opportunities. 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 Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..

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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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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
827.1 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.