Nabors Energy Transition Stock Probability of Future Stock Price Finishing Under 10.04
| NETDU Stock | 10.95 0.10 0.92% |
Nabors |
Nabors Energy Target Price Odds to finish below 10.04
The tendency of Nabors Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to drop to 10.04 or more in 90 days |
| 10.95 | 90 days | 10.04 | near 1 |
Based on a normal probability distribution, the odds of Nabors Energy to drop to 10.04 or more in 90 days from now is near 1 (This Nabors Energy Transition probability density function shows the probability of Nabors Stock to fall within a particular range of prices over 90 days) . Probability of Nabors Energy Transition price to stay between 10.04 and its current price of 10.95 at the end of the 90-day period is close to 99 .
Assuming the 90 days horizon Nabors Energy Transition has a beta of -0.0168. This indicates as returns on the benchmark increase, returns on holding Nabors Energy are expected to decrease at a much lower rate. During a bear market, however, Nabors Energy Transition is likely to outperform the market. Additionally Nabors Energy Transition has an alpha of 0.0312, implying that it can generate a 0.0312 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Nabors Energy Price Density |
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Predictive Modules for Nabors Energy
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Nabors Energy Transition. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Nabors Energy'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.
Nabors Energy Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Nabors Energy is not an exception. The market had few large corrections towards the Nabors Energy's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Nabors Energy Transition, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Nabors Energy within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.03 | |
β | Beta against Dow Jones | -0.02 | |
σ | Overall volatility | 0.08 | |
Ir | Information ratio | 0.04 |
Nabors Energy Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Nabors Stock often depends not only on the future outlook of the current and potential Nabors Energy's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Nabors Energy's indicators that are reflective of the short sentiment are summarized in the table below.
Nabors Energy Technical Analysis
Nabors Energy's future price can be derived by breaking down and analyzing its technical indicators over time. Nabors Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Nabors Energy Transition. In general, you should focus on analyzing Nabors Stock price patterns and their correlations with different microeconomic environments and drivers.
Nabors Energy Predictive Forecast Models
Nabors Energy's time-series forecasting models is one of many Nabors Energy's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Nabors Energy's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
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 Nabors Energy 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, Nabors Energy's short interest history, or implied volatility extrapolated from Nabors Energy options trading.
Additional Tools for Nabors Stock Analysis
When running Nabors Energy's price analysis, check to measure Nabors Energy'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 Nabors Energy is operating at the current time. Most of Nabors Energy's value examination focuses on studying past and present price action to predict the probability of Nabors Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nabors Energy's price. Additionally, you may evaluate how the addition of Nabors Energy to your portfolios can decrease your overall portfolio volatility.