National Historical Financial Ratios
| NESR Stock | USD 8.85 0.28 3.07% |
National Energy is lately reporting on over 105 different financial statement accounts. To analyze all of these accounts together requires a lot of time and effort. However, using these accounts to derive some meaningful and actionable indicators such as Days Sales Outstanding of 143 will help investors to properly organize and evaluate National Energy Services financial condition quickly.
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About National Financial Ratios Analysis
National Energy ServicesFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate National Energy investment potential. Financial ratio analysis can also be defined as the process of presenting financial ratios, which are mathematical indicators calculated by comparing key financial information appearing on National financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across National Energy history.
National Energy Financial Ratios Chart
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Price To Sales Ratio
Price to Sales Ratio is figured by comparing National Energy Services stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on National Energy sales, a figure that is much harder to manipulate than other National Energy Services multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company's stock price to its revenues, calculated by dividing the company's market cap by its total sales or revenue over a 12-month period.Dividend Yield
Dividend Yield is National Energy Services dividend as a percentage of National Energy stock price. National Energy Services dividend yield is a measure of National Energy stock productivity, which can be interpreted as interest rate earned on an National Energy investment. A financial ratio that shows how much a company pays out in dividends each year relative to its stock price, calculated as annual dividends per share divided by price per share.Ptb Ratio
Price-to-Book ratio, a financial valuation metric used to compare a company's current market price to its book value. It provides insight into the value that market participants place on the company's equity relative to its net asset value.Capex To Revenue
The ratio of a company's capital expenditures to its total revenue, indicating how much of the revenue is used for acquiring or maintaining physical assets.Net Profit Margin
The percentage of revenue left after all expenses have been deducted from sales. The measure is calculated by dividing net profit by revenue.Most ratios from National Energy's fundamentals are interrelated and interconnected. However, analyzing fundamentals ratios one by one will only give a small insight into National Energy Services current financial condition. On the other hand, looking into the entire matrix of fundamentals ratios, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in National Energy Services. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state. At this time, National Energy's Cash Per Share is relatively stable compared to the past year. As of 12/04/2024, Interest Coverage is likely to grow to 1.98, while PTB Ratio is likely to drop 0.72.
| 2023 | 2024 (projected) | Dividend Yield | 0.005286 | 0.004698 | Price To Sales Ratio | 0.55 | 0.52 |
National Energy fundamentals Correlations
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National Energy Account Relationship Matchups
High Positive Relationship
High Negative Relationship
National Energy fundamentals Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Current Ratio | 1.77 | 1.43 | 1.45 | 0.99 | 1.02 | 0.94 |
Pair Trading with National Energy
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 National Energy 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 National Energy will appreciate offsetting losses from the drop in the long position's value.Moving against National Stock
| 0.71 | EFXT | Enerflex | PairCorr |
| 0.71 | KGS | Kodiak Gas Services, | PairCorr |
| 0.7 | TS | Tenaris SA ADR | PairCorr |
| 0.7 | BKR | Baker Hughes Sell-off Trend | PairCorr |
| 0.65 | FTK | Flotek Industries | PairCorr |
The ability to find closely correlated positions to National Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace National Energy 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 National Energy - 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 National Energy Services to buy it.
The correlation of National Energy is a statistical measure of how it moves in relation to other instruments. 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 National Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if National Energy Services 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 National Energy 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.Additional Tools for National Stock Analysis
When running National Energy's price analysis, check to measure National 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 National Energy is operating at the current time. Most of National Energy's value examination focuses on studying past and present price action to predict the probability of National 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 National Energy's price. Additionally, you may evaluate how the addition of National Energy to your portfolios can decrease your overall portfolio volatility.