Nl Industries Stock Market Value
| NL Stock | USD 7.97 0.15 1.92% |
| Symbol | NL Industries |
NL Industries Price To Book Ratio
Is Commercial Services & Supplies 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 NL Industries. If investors know NL Industries 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 NL Industries listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 1.382 | Dividend Share 0.31 | Earnings Share 1.19 | Revenue Per Share 3.085 | Quarterly Revenue Growth (0.17) |
The market value of NL Industries is measured differently than its book value, which is the value of NL Industries that is recorded on the company's balance sheet. Investors also form their own opinion of NL Industries' value that differs from its market value or its book value, called intrinsic value, which is NL Industries' 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 NL Industries' market value can be influenced by many factors that don't directly affect NL Industries' 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 NL Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine if NL Industries is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NL Industries' 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.
NL Industries '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 NL Industries' 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 NL Industries.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in NL Industries on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding NL Industries or generate 0.0% return on investment in NL Industries over 720 days. NL Industries is related to or competes with Brinks, Allegion PLC, Resideo Technologies, Mistras, MSA Safety, and Brady. NL Industries, Inc., through its subsidiary, CompX International Inc., operates in the component products industry in th... More
NL Industries 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 NL Industries' 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 NL Industries upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.16 | |||
| Information Ratio | 0.0572 | |||
| Maximum Drawdown | 16.96 | |||
| Value At Risk | (5.52) | |||
| Potential Upside | 4.35 |
NL Industries Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NL Industries' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NL Industries' standard deviation. In reality, there are many statistical measures that can use NL Industries historical prices to predict the future NL Industries' volatility.| Risk Adjusted Performance | 0.0861 | |||
| Jensen Alpha | 0.05 | |||
| Total Risk Alpha | (0.16) | |||
| Sortino Ratio | 0.0514 | |||
| Treynor Ratio | 0.1463 |
NL Industries Backtested Returns
NL Industries appears to be slightly risky, given 3 months investment horizon. NL Industries retains Efficiency (Sharpe Ratio) of 0.12, which conveys that the firm had a 0.12% return per unit of price deviation over the last 3 months. We have found twenty-nine technical indicators for NL Industries, which you can use to evaluate the volatility of the firm. Please exercise NL Industries' Mean Deviation of 2.07, market risk adjusted performance of 0.1563, and Standard Deviation of 2.84 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, NL Industries holds a performance score of 9. The company owns a Beta (Systematic Risk) of 1.93, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, NL Industries will likely underperform. Please check NL Industries' standard deviation, expected short fall, relative strength index, as well as the relationship between the maximum drawdown and rate of daily change , to make a quick decision on whether NL Industries' current price history will revert.
Auto-correlation | -0.7 |
Very good reverse predictability
NL Industries has very good reverse predictability. Overlapping area represents the amount of predictability between NL Industries time series from 9th of December 2022 to 4th of December 2023 and 4th of December 2023 to 28th of November 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 NL Industries price movement. The serial correlation of -0.7 indicates that around 70.0% of current NL Industries price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.7 | |
| Spearman Rank Test | -0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 1.32 |
NL Industries lagged returns against current returns
Autocorrelation, which is NL Industries 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 NL Industries' stock expected returns. We can calculate the autocorrelation of NL Industries returns to help us make a trade decision. For example, suppose you find that NL Industries 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 |
NL Industries 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 NL Industries stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NL Industries stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NL Industries stock over time.
Current vs Lagged Prices |
| Timeline |
NL Industries Lagged Returns
When evaluating NL Industries' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NL Industries stock have on its future price. NL Industries 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, NL Industries autocorrelation shows the relationship between NL Industries stock current value and its past values and can show if there is a momentum factor associated with investing in NL Industries.
Regressed Prices |
| Timeline |
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NL Industries technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.