PRECISION DRILLING's market value is the price at which a share of PRECISION DRILLING trades on a public exchange. It measures the collective expectations of PRECISION DRILLING P investors about its performance. PRECISION DRILLING is trading at 42.80 as of the 13th of July 2025. This is a 0.93% down since the beginning of the trading day. The stock's lowest day price was 42.8. With this module, you can estimate the performance of a buy and hold strategy of PRECISION DRILLING P and determine expected loss or profit from investing in PRECISION DRILLING over a given investment horizon. Check out PRECISION DRILLING Correlation, PRECISION DRILLING Volatility and PRECISION DRILLING Alpha and Beta module to complement your research on PRECISION DRILLING.
Please note, there is a significant difference between PRECISION DRILLING's value and its price as these two are different measures arrived at by different means. Investors typically determine if PRECISION DRILLING is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, PRECISION DRILLING'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.
PRECISION DRILLING '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 PRECISION DRILLING'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 PRECISION DRILLING.
0.00
06/13/2025
No Change 0.00
0.0
In 30 days
07/13/2025
0.00
If you would invest 0.00 in PRECISION DRILLING on June 13, 2025 and sell it all today you would earn a total of 0.00 from holding PRECISION DRILLING P or generate 0.0% return on investment in PRECISION DRILLING over 30 days. PRECISION DRILLING is related to or competes with Helmerich Payne, Patterson UTI, Nabors Industries, ODFJELL DRILLLTD, SHELF DRILLING, and NORTHERN OCEAN. Precision Drilling Corporation, an oilfield services company, provides oil and natural gas drilling and related products... More
PRECISION DRILLING 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 PRECISION DRILLING'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 PRECISION DRILLING P upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for PRECISION DRILLING's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PRECISION DRILLING's standard deviation. In reality, there are many statistical measures that can use PRECISION DRILLING historical prices to predict the future PRECISION DRILLING's volatility.
PRECISION DRILLING appears to be very steady, given 3 months investment horizon. PRECISION DRILLING maintains Sharpe Ratio (i.e., Efficiency) of 0.0948, which implies the firm had a 0.0948 % return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for PRECISION DRILLING, which you can use to evaluate the volatility of the company. Please evaluate PRECISION DRILLING's Semi Deviation of 2.92, mean deviation of 2.72, and Risk Adjusted Performance of 0.1602 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, PRECISION DRILLING holds a performance score of 7. The company holds a Beta of -1.01, which implies a somewhat significant risk relative to the market. As the market becomes more bullish, returns on owning PRECISION DRILLING are expected to decrease slowly. On the other hand, during market turmoil, PRECISION DRILLING is expected to outperform it slightly. Please check PRECISION DRILLING's downside deviation, information ratio, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether PRECISION DRILLING's historical price patterns will revert.
Auto-correlation
-0.61
Very good reverse predictability
PRECISION DRILLING P has very good reverse predictability. Overlapping area represents the amount of predictability between PRECISION DRILLING time series from 13th of June 2025 to 28th of June 2025 and 28th of June 2025 to 13th of July 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of PRECISION DRILLING price movement. The serial correlation of -0.61 indicates that roughly 61.0% of current PRECISION DRILLING price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.61
Spearman Rank Test
-0.55
Residual Average
0.0
Price Variance
1.83
PRECISION DRILLING lagged returns against current returns
Autocorrelation, which is PRECISION DRILLING 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 PRECISION DRILLING's stock expected returns. We can calculate the autocorrelation of PRECISION DRILLING returns to help us make a trade decision. For example, suppose you find that PRECISION DRILLING 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 price movement to match the lagging time series.
Current and Lagged Values
Timeline
PRECISION DRILLING 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 PRECISION DRILLING stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PRECISION DRILLING stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PRECISION DRILLING stock over time.
Current vs Lagged Prices
Timeline
PRECISION DRILLING Lagged Returns
When evaluating PRECISION DRILLING's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PRECISION DRILLING stock have on its future price. PRECISION DRILLING 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, PRECISION DRILLING autocorrelation shows the relationship between PRECISION DRILLING stock current value and its past values and can show if there is a momentum factor associated with investing in PRECISION DRILLING P.
PRECISION DRILLING financial ratios help investors to determine whether PRECISION Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in PRECISION with respect to the benefits of owning PRECISION DRILLING security.