Nabors Industries Correlations

Nabors Industries vs Market Correlation

Nabors Industries has a market cap of 1.48 billion, an operating margin of 6.21% on a trailing twelve-month basis, compared to 7.86% in the last reported annual period, current ratio of 1.73. The allocation framework in use shapes how individual positions are weighted. Broader economic conditions can influence Nabors Industries's company valuation - related indicators include signals in bureau of labor statistics.Read more about Nabors Stock in our How to Buy Nabors Stock guide. It covers account setup, order types, and timing considerations for Nabors Industries.

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations HPK + 0.84 PDS SOC + 0.82 HPK SOC + 0.72 PDS GLP + 0.67 TEN-PE TK + 0.61 BORR TK + 0.3 HPK

High negative correlations TEN-PE - 0.73 SOC TEN-PE - 0.68 HPK CLB - 0.58 TK CAPL - 0.57 TK TEN-PE - 0.57 PDS CLB - 0.55 SOC

Risk-Adjusted Indicators

Evaluating Nabors Stock requires separating price momentum from underlying operating strength versus competitors. Without risk-adjusted context, short-term returns may appear stronger than the volatility required to achieve them would suggest. These indicators are quantitative in nature and measure volatility and risk-adjusted expected returns across different positions.