Nabors Energy Transition Stock Market Value
| NETDU Stock | 10.95 0.00 0.00% |
| Symbol | Nabors |
Is Asset Management & Custody Banks space 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 Nabors Energy. If investors know Nabors 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 Nabors Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Nabors Energy Transition is measured differently than its book value, which is the value of Nabors that is recorded on the company's balance sheet. Investors also form their own opinion of Nabors Energy's value that differs from its market value or its book value, called intrinsic value, which is Nabors Energy'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 Nabors Energy's market value can be influenced by many factors that don't directly affect Nabors Energy'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 Nabors Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nabors Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nabors Energy'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.
Nabors Energy '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 Nabors Energy'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 Nabors Energy.
| 07/03/2024 |
| 12/30/2024 |
If you would invest 0.00 in Nabors Energy on July 3, 2024 and sell it all today you would earn a total of 0.00 from holding Nabors Energy Transition or generate 0.0% return on investment in Nabors Energy over 180 days. Nabors Energy is related to or competes with Morningstar Unconstrained, Thrivent High, Via Renewables, T Rowe, 70082LAB3, Sitka Gold, and MSCI ACWI. Nabors Energy is entity of United States More
Nabors Energy 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 Nabors Energy'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 Nabors Energy Transition upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0449 | |||
| Maximum Drawdown | 1.12 |
Nabors Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nabors Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nabors Energy's standard deviation. In reality, there are many statistical measures that can use Nabors Energy historical prices to predict the future Nabors Energy's volatility.| Risk Adjusted Performance | 0.1375 | |||
| Jensen Alpha | 0.0315 | |||
| Total Risk Alpha | 0.0255 | |||
| Treynor Ratio | (1.00) |
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 Transition Backtested Returns
Currently, Nabors Energy Transition is very steady. Nabors Energy Transition has Sharpe Ratio of 0.22, which conveys that the firm had a 0.22% return per unit of risk over the last 3 months. We have found sixteen technical indicators for Nabors Energy, which you can use to evaluate the volatility of the firm. Please verify Nabors Energy's Risk Adjusted Performance of 0.1375, standard deviation of 0.193, and Mean Deviation of 0.078 to check out if the risk estimate we provide is consistent with the expected return of 0.0428%. Nabors Energy has a performance score of 17 on a scale of 0 to 100. The company secures a Beta (Market Risk) of -0.031, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Nabors Energy are expected to decrease at a much lower rate. During the bear market, Nabors Energy is likely to outperform the market. Nabors Energy Transition right now secures a risk of 0.2%. Please verify Nabors Energy Transition mean deviation, treynor ratio, as well as the relationship between the Treynor Ratio and day median price , to decide if Nabors Energy Transition will be following its current price movements.
Auto-correlation | 0.27 |
Poor predictability
Nabors Energy Transition has poor predictability. Overlapping area represents the amount of predictability between Nabors Energy time series from 3rd of July 2024 to 1st of October 2024 and 1st of October 2024 to 30th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Nabors Energy Transition price movement. The serial correlation of 0.27 indicates that nearly 27.0% of current Nabors Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.27 | |
| Spearman Rank Test | 0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Nabors Energy Transition lagged returns against current returns
Autocorrelation, which is Nabors Energy 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 Nabors Energy's stock expected returns. We can calculate the autocorrelation of Nabors Energy returns to help us make a trade decision. For example, suppose you find that Nabors Energy 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 |
Nabors Energy 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 Nabors Energy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nabors Energy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nabors Energy stock over time.
Current vs Lagged Prices |
| Timeline |
Nabors Energy Lagged Returns
When evaluating Nabors Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nabors Energy stock have on its future price. Nabors Energy 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, Nabors Energy autocorrelation shows the relationship between Nabors Energy stock current value and its past values and can show if there is a momentum factor associated with investing in Nabors Energy Transition.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
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.