Weatherford International Plc Stock Market Value
| WFRD Stock | USD 83.64 1.34 1.63% |
| Symbol | Weatherford |
Weatherford International Price To Book Ratio
Is Oil & Gas Equipment & Services 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 Weatherford International. If investors know Weatherford 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 Weatherford International 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 0.242 | Dividend Share 0.25 | Earnings Share 7.15 | Revenue Per Share 75.912 | Quarterly Revenue Growth 0.073 |
The market value of Weatherford International is measured differently than its book value, which is the value of Weatherford that is recorded on the company's balance sheet. Investors also form their own opinion of Weatherford International's value that differs from its market value or its book value, called intrinsic value, which is Weatherford International'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 Weatherford International's market value can be influenced by many factors that don't directly affect Weatherford International'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 Weatherford International's value and its price as these two are different measures arrived at by different means. Investors typically determine if Weatherford International is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Weatherford International'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.
Weatherford International '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 Weatherford International'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 Weatherford International.
| 11/03/2024 |
| 12/03/2024 |
If you would invest 0.00 in Weatherford International on November 3, 2024 and sell it all today you would earn a total of 0.00 from holding Weatherford International PLC or generate 0.0% return on investment in Weatherford International over 30 days. Weatherford International is related to or competes with Bristow, RPC, NOV, Oceaneering International, Cactus, Valaris, and TechnipFMC PLC. Weatherford International plc, an energy services company, provides equipment and services for the drilling, evaluation,... More
Weatherford International 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 Weatherford International'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 Weatherford International PLC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 14.6 | |||
| Value At Risk | (4.75) | |||
| Potential Upside | 3.51 |
Weatherford International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Weatherford International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Weatherford International's standard deviation. In reality, there are many statistical measures that can use Weatherford International historical prices to predict the future Weatherford International's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.53) | |||
| Total Risk Alpha | (0.73) | |||
| Treynor Ratio | (0.16) |
Weatherford International Backtested Returns
Weatherford International shows Sharpe Ratio of -0.0629, which attests that the company had a -0.0629% return per unit of risk over the last 3 months. Weatherford International exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Weatherford International's Market Risk Adjusted Performance of (0.15), mean deviation of 2.09, and Standard Deviation of 2.84 to validate the risk estimate we provide. The firm maintains a market beta of 1.95, which attests to 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, Weatherford International will likely underperform. At this point, Weatherford International has a negative expected return of -0.17%. Please make sure to check out Weatherford International's potential upside, and the relationship between the total risk alpha and daily balance of power , to decide if Weatherford International performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.23 |
Weak predictability
Weatherford International PLC has weak predictability. Overlapping area represents the amount of predictability between Weatherford International time series from 3rd of November 2024 to 18th of November 2024 and 18th of November 2024 to 3rd 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 Weatherford International price movement. The serial correlation of 0.23 indicates that over 23.0% of current Weatherford International price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.23 | |
| Spearman Rank Test | -0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 1.52 |
Weatherford International lagged returns against current returns
Autocorrelation, which is Weatherford International 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 Weatherford International's stock expected returns. We can calculate the autocorrelation of Weatherford International returns to help us make a trade decision. For example, suppose you find that Weatherford International 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 |
Weatherford International 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 Weatherford International stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Weatherford International stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Weatherford International stock over time.
Current vs Lagged Prices |
| Timeline |
Weatherford International Lagged Returns
When evaluating Weatherford International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Weatherford International stock have on its future price. Weatherford International 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, Weatherford International autocorrelation shows the relationship between Weatherford International stock current value and its past values and can show if there is a momentum factor associated with investing in Weatherford International PLC.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Weatherford International is a strong investment it is important to analyze Weatherford International's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Weatherford International's future performance. For an informed investment choice regarding Weatherford Stock, refer to the following important reports:Check out Weatherford International Correlation, Weatherford International Volatility and Weatherford International Alpha and Beta module to complement your research on Weatherford International. You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.
Weatherford International 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.