Noble Competitors
| NE Stock | USD 45.82 3.24 7.61% |
Noble Plc vs Ultrapar Participacoes Correlation
Almost no diversification
The correlation between Noble plc and UGP is 0.93 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Noble plc and UGP in the same portfolio, assuming nothing else is changed.
Moving together with Noble Stock
| 0.81 | NBR | Nabors Industries | PairCorr |
| 0.79 | PDS | Precision Drilling | PairCorr |
| 0.79 | B2W | BORR DRILLING NEW Earnings Call This Week | PairCorr |
| 0.81 | CAPD | Capital Drilling | PairCorr |
Moving against Noble Stock
| 0.71 | PBCRY | Bank Central Asia | PairCorr |
| 0.42 | PTAIF | PT Astra International | PairCorr |
| 0.41 | PBCRF | PT Bank Central | PairCorr |
| 0.4 | OMC | Omnicom Group | PairCorr |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Noble Plc'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.
Noble Plc Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Noble Plc and its competitors represents the degree of relationship between the price movements of corresponding stocks. A correlation of about +1.0 implies that the price of Noble and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Noble plc does not affect the price movement of the other competitor.
High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Noble Stock performing well and Noble Plc Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Noble Plc's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| TGS | 1.73 | (0.03) | (0.02) | 0.04 | 1.96 | 4.45 | 8.50 | |||
| CNX | 1.62 | 0.16 | 0.05 | 0.56 | 1.82 | 3.44 | 8.32 | |||
| AROC | 1.29 | 0.23 | 0.11 | 1.93 | 1.38 | 2.68 | 6.67 | |||
| CHRD | 1.79 | 0.20 | 0.07 | 0.51 | 2.08 | 3.83 | 10.10 | |||
| MTDR | 1.85 | 0.27 | 0.10 | 0.77 | 2.06 | 3.50 | 9.76 | |||
| FRO | 1.83 | 0.37 | 0.13 | 4.01 | 2.10 | 3.77 | 13.55 | |||
| RIG | 2.26 | 0.57 | 0.18 | 0.47 | 2.48 | 7.23 | 15.17 | |||
| SOBO | 1.16 | 0.23 | 0.10 | (1.36) | 1.21 | 2.27 | 8.35 | |||
| LB | 3.35 | (0.28) | 0.00 | (0.05) | 0.00 | 7.13 | 31.05 | |||
| UGP | 1.82 | 0.33 | 0.12 | 0.38 | 2.34 | 3.25 | 13.99 |
Cross Equities Net Income Analysis
Compare Noble plc and related stocks such as Transportadora de Gas, CNX Resources Corp, and Archrock Net Income Over Time
Select Fundamental| 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| TGS | 156.5 M | 230.7 M | 239.2 M | 107.5 M | 105 M | (172.1 M) | 930.7 M | 2.8 B | 11.4 B | 12.8 B | 9.7 B | 127 B | 219.2 B | 51.2 B | 370.2 B | 425.7 B | 447 B |
| CNX | 183.8 M | 632.5 M | 318.4 M | 660.4 M | 163.1 M | (374.9 M) | (848.1 M) | 380.7 M | 796.5 M | (80.7 M) | (483.8 M) | (498.6 M) | (142.1 M) | 1.7 B | (90.5 M) | 633.2 M | 664.8 M |
| CHRD | 6 M | 79.4 M | 153.4 M | 228 M | 506.9 M | (40.2 M) | (500.1 M) | 123.8 M | (35.3 M) | (128.2 M) | (3.7 B) | 319.6 M | 1.9 B | 1 B | 848.6 M | 975.9 M | 1 B |
| MTDR | (14.4 M) | (10.3 M) | (33.3 M) | 45.1 M | 110.8 M | (679.8 M) | (97.4 M) | 125.9 M | 274.2 M | 87.8 M | (593.2 M) | 585 M | 1.2 B | 846.1 M | 885.3 M | 1 B | 1.1 B |
| FRO | 4.2 M | (529.6 M) | (82.8 M) | (188.5 M) | 149.5 M | 154.6 M | 117 M | (264.9 M) | (8.9 M) | 140 M | 412.9 M | (15 M) | 475.5 M | 656.4 M | 495.6 M | 569.9 M | 598.4 M |
| RIG | 100 K | (5.7 B) | (219 M) | 1.4 B | (1.9 B) | 791 M | 782 M | (3.1 B) | (2 B) | (1.3 B) | (568 M) | (591 M) | (621 M) | (954 M) | (512 M) | (460.8 M) | (437.8 M) |
| SOBO | 442 M | 442 M | 442 M | 442 M | 442 M | 442 M | 442 M | 442 M | 442 M | 442 M | 442 M | 442 M | 442 M | 442 M | 316 M | 284.4 M | 303.2 M |
| LB | (6.4 M) | (6.4 M) | (6.4 M) | (6.4 M) | (6.4 M) | (6.4 M) | (6.4 M) | (6.4 M) | (6.4 M) | (6.4 M) | (6.4 M) | (6.4 M) | (6.4 M) | 63.2 M | 5.1 M | 5.9 M | 5.6 M |
| UGP | 60.4 M | 848.8 M | 1 B | 1.2 B | 1.2 B | 1.5 B | 1.6 B | 1.6 B | 1.2 B | 373.5 M | 893.4 M | 850.5 M | 1.8 B | 2.4 B | 2.4 B | 2.7 B | 2.9 B |
Noble plc and related stocks such as Transportadora de Gas, CNX Resources Corp, and Archrock Net Income description
Net income is one of the most important fundamental items in finance. It plays a large role in Noble plc financial statement analysis. It represents the amount of money remaining after all of Noble plc operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Noble Plc Competitive Analysis
The better you understand Noble Plc competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Noble Plc's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Noble Plc's competition over several years is one of the best ways to analyze its investment potential.| Better Than Average | Worse Than Peers | View Performance Chart |
Noble Plc Competition Performance Charts
Five steps to successful analysis of Noble Plc Competition
Noble Plc's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Noble plc in relation to its competition. Noble Plc's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of Noble Plc in the market, both direct and indirect, as well as new entrants and disruptive technologies.
- Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
- Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Noble Plc's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Noble plc, and developing a strategy to address them.
- Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
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Electronics
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Check out Noble Plc Correlation with its peers. For information on how to trade Noble Stock refer to our How to Trade Noble Stock guide.You can also try the Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.
Will Energy Equipment & Services sector continue expanding? Could Noble diversify its offerings? Factors like these will boost the valuation of Noble Plc. Anticipated expansion of Noble directly elevates investor willingness to pay premium valuations. Accurate valuation requires analyzing both current fundamentals and future growth trajectories. Every Noble Plc data point contributes insight, yet successful analysis hinges on identifying the most consequential variables.
Quarterly Earnings Growth (0.80) | Dividend Share 2 | Earnings Share 1.39 | Revenue Per Share | Quarterly Revenue Growth (0.01) |
Investors evaluate Noble plc using market value (trading price) and book value (balance sheet equity), each telling a different story. Calculating Noble Plc's intrinsic value - the estimated true worth - helps identify when the stock trades at a discount or premium to fair value. Seasoned market participants apply comprehensive analytical frameworks to derive fundamental worth and identify mispriced opportunities. External factors like market trends, sector rotation, and investor psychology can cause Noble Plc's market price to deviate significantly from intrinsic value.
It's important to distinguish between Noble Plc's intrinsic value and market price, which are calculated using different methodologies. Investment decisions regarding Noble Plc should consider multiple factors including financial performance, growth metrics, competitive position, and professional analysis. Conversely, Noble Plc's market price signifies the transaction level at which participants voluntarily complete trades.
