Nine Competitors
| NINE Stock | USD 0.02 0 22.52% |
Nine Energy vs US Energy Correlation
Average diversification
The correlation between Nine Energy Service and USEG is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nine Energy Service and USEG in the same portfolio, assuming nothing else is changed.
Moving against Nine Stock
| 0.52 | WFRD | Weatherford International | PairCorr |
| 0.49 | TW1 | Tenaris SA Earnings Call This Week | PairCorr |
| 0.47 | FLOC | Flowco Holdings | PairCorr |
| 0.46 | TS | Tenaris SA ADR | PairCorr |
| 0.46 | CEU | CES Energy Solutions | PairCorr |
Nine Energy Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Nine Energy 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 Nine 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 Nine Energy Service does not affect the price movement of the other competitor.
High positive correlations
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Risk-Adjusted Indicators
There is a big difference between Nine Stock performing well and Nine Energy 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 Nine Energy'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| KLXE | 4.98 | 0.67 | 0.11 | 0.58 | 5.07 | 14.35 | 32.97 | |||
| BATL | 8.81 | 2.76 | 0.38 | 0.78 | 5.83 | 17.08 | 235.37 | |||
| EONR | 4.42 | (0.32) | 0.00 | 0.60 | 0.00 | 9.09 | 22.44 | |||
| CKX | 1.55 | (0.01) | (0.01) | 0.04 | 2.36 | 3.61 | 17.28 | |||
| SPWR | 2.99 | (0.23) | 0.00 | (0.04) | 0.00 | 6.96 | 16.38 | |||
| BANL | 3.32 | (0.50) | 0.00 | 0.72 | 0.00 | 6.67 | 33.81 | |||
| TMDE | 7.49 | 0.36 | 0.08 | 0.13 | 6.78 | 8.00 | 160.91 | |||
| SKYQ | 9.39 | 0.67 | 0.08 | 0.24 | 8.88 | 18.52 | 125.89 | |||
| MXC | 3.10 | 0.20 | 0.04 | 0.75 | 3.53 | 7.74 | 20.14 | |||
| USEG | 3.38 | (0.07) | 0.00 | (0.09) | 0.00 | 7.07 | 20.41 |
Cross Equities Net Income Analysis
Compare Nine Energy Service and related stocks such as KLX Energy Services, Battalion Oil Corp, and EON Resources Net Income Over Time
Select Fundamental| 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| KLXE | (750.4 M) | (750.4 M) | (750.4 M) | (750.4 M) | (750.4 M) | (750.4 M) | (89.6 M) | (24.1 M) | 14.4 M | (96.4 M) | (332.2 M) | (93.8 M) | (3.1 M) | 19.2 M | (53 M) | (61 M) | (64 M) |
| BATL | 2.1 M | (1.4 M) | (53.9 M) | (1.2 B) | 316 M | (1.9 B) | (467.2 M) | 535.7 M | 46 M | (1.1 B) | (229.7 M) | (28.3 M) | 18.5 M | (3 M) | (31.9 M) | (28.7 M) | (30.1 M) |
| EONR | (13.8 K) | (13.8 K) | (13.8 K) | (13.8 K) | (13.8 K) | (13.8 K) | (13.8 K) | (13.8 K) | (13.8 K) | (13.8 K) | (13.8 K) | (13.8 K) | 18.3 M | (4 M) | (9.1 M) | (8.2 M) | (7.8 M) |
| CKX | 348.8 K | 951.8 K | 2.2 M | 969.8 K | 1.3 M | 463 K | 170.7 K | 522.9 K | 1.1 M | 249.9 K | 339.4 K | 819.3 K | (1.3 M) | 143 K | 250.2 K | 225.2 K | 213.9 K |
| SPWR | (2.9 M) | (613.7 M) | (352 M) | 95.6 M | 245.9 M | (187 M) | (448.6 M) | (929.1 M) | (811.1 M) | 22.2 M | (5.7 M) | (9.3 M) | (29.5 M) | (269.6 M) | (56.5 M) | (32.3 M) | (33.9 M) |
| BANL | 2.9 M | 2.9 M | 2.9 M | 2.9 M | 2.9 M | 2.9 M | 2.9 M | 2.9 M | 2.9 M | 2.9 M | 2.9 M | 3.6 M | 3.7 M | 1.1 M | (3.7 M) | (3.4 M) | (3.2 M) |
| TMDE | 2.4 M | 2.4 M | 2.4 M | 2.4 M | 2.4 M | 2.4 M | 2.4 M | 2.4 M | 2.4 M | 2.4 M | 2.4 M | 2.4 M | 2.4 M | 2 M | 1.9 M | 1.7 M | 1.7 M |
| SKYQ | (2.7 M) | (2.7 M) | (2.7 M) | (2.7 M) | (2.7 M) | (2.7 M) | (2.7 M) | (2.7 M) | (2.7 M) | (2.7 M) | (2.7 M) | (2.7 M) | (2.7 M) | (4.4 M) | (14.7 M) | (13.3 M) | (12.6 M) |
| MXC | 200.6 K | 330 K | (176.4 K) | 301.1 K | (341 K) | (4 M) | (694.6 K) | (321.5 K) | (12.9 K) | (99.5 K) | 155.9 K | 2.9 M | 4.7 M | 1.3 M | 1.7 M | 2 M | 2.1 M |
| USEG | (5 M) | (4.8 M) | (11.2 M) | (7.4 M) | (2.1 M) | (92.9 M) | (14.1 M) | (1.4 M) | (1 M) | (550 K) | (6.4 M) | (1.8 M) | (963 K) | (32.4 M) | (25.8 M) | (23.2 M) | (22 M) |
Nine Energy Service and related stocks such as KLX Energy Services, Battalion Oil Corp, and EON Resources Net Income description
Net income is one of the most important fundamental items in finance. It plays a large role in Nine Energy Service financial statement analysis. It represents the amount of money remaining after all of Nine Energy Service operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Nine Energy Competitive Analysis
The better you understand Nine Energy competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Nine Energy'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 Nine Energy'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 |
Nine Energy Competition Performance Charts
Five steps to successful analysis of Nine Energy Competition
Nine Energy'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 Nine Energy Service in relation to its competition. Nine Energy's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of Nine Energy 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 Nine Energy's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Nine Energy Service, 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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Check out Nine Energy Correlation with its peers. You can also try the Bonds Directory module to find actively traded corporate debentures issued by US companies.
Will Oil & Gas Equipment & Services sector continue expanding? Could Nine diversify its offerings? Factors like these will boost the valuation of Nine Energy. Anticipated expansion of Nine directly elevates investor willingness to pay premium valuations. Accurate valuation requires analyzing both current fundamentals and future growth trajectories. Every Nine Energy data point contributes insight, yet successful analysis hinges on identifying the most consequential variables.
Earnings Share (1.01) | Revenue Per Share | Quarterly Revenue Growth (0.04) | Return On Assets | Return On Equity |
Understanding Nine Energy Service requires distinguishing between market price and book value, where the latter reflects Nine's accounting equity. The concept of intrinsic value - what Nine Energy's is actually worth based on fundamentals - guides informed investors toward better entry and exit points. Seasoned market participants apply comprehensive analytical frameworks to derive fundamental worth and identify mispriced opportunities. Market sentiment, economic cycles, and investor behavior can push Nine Energy's price substantially above or below its fundamental value.
It's important to distinguish between Nine Energy's intrinsic value and market price, which are calculated using different methodologies. Investment decisions regarding Nine Energy should consider multiple factors including financial performance, growth metrics, competitive position, and professional analysis. In contrast, Nine Energy's trading price reflects the actual exchange value where willing buyers and sellers reach mutual agreement.