NOV (Germany) Performance
| NO8 Stock | EUR 15.45 0.08 0.52% |
The company secures a Beta (Market Risk) of 0.0624, which conveys not very significant fluctuations relative to the market. As returns on the market increase, NOV's returns are expected to increase less than the market. However, during the bear market, the loss of holding NOV is expected to be smaller as well. At this point, NOV Inc has a negative expected return of -0.0299%. Please make sure to verify NOV's value at risk, downside variance, and the relationship between the maximum drawdown and potential upside , to decide if NOV Inc performance from the past will be repeated at some future point.
Risk-Adjusted Performance
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Over the last 90 days NOV Inc has generated negative risk-adjusted returns adding no value to investors with long positions. Despite nearly stable basic indicators, NOV is not utilizing all of its potentials. The current stock price disturbance, may contribute to mid-run losses for the stockholders. ...more
| Begin Period Cash Flow | 1.6 B |
NOV |
NOV Relative Risk vs. Return Landscape
If you would invest 1,594 in NOV Inc on August 25, 2024 and sell it today you would lose (49.00) from holding NOV Inc or give up 3.07% of portfolio value over 90 days. NOV Inc is currently producing negative expected returns and takes up 1.9268% volatility of returns over 90 trading days. Put another way, 17% of traded stocks are less volatile than NOV, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
NOV Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for NOV's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as NOV Inc, and traders can use it to determine the average amount a NOV's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = -0.0155
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| Negative Returns | NO8 |
Estimated Market Risk
| 1.93 actual daily | 17 83% of assets are more volatile |
Expected Return
| -0.03 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.02 actual daily | 0 Most of other assets perform better |
Based on monthly moving average NOV is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of NOV by adding NOV to a well-diversified portfolio.
NOV Fundamentals Growth
NOV Stock prices reflect investors' perceptions of the future prospects and financial health of NOV, and NOV fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on NOV Stock performance.
| Return On Equity | 0.0304 | |||
| Return On Asset | 0.0248 | |||
| Profit Margin | 0.02 % | |||
| Operating Margin | 0.05 % | |||
| Current Valuation | 8.84 B | |||
| Shares Outstanding | 392.83 M | |||
| Price To Book | 1.61 X | |||
| Price To Sales | 1.11 X | |||
| Revenue | 7.24 B | |||
| EBITDA | 617 M | |||
| Cash And Equivalents | 1.27 B | |||
| Cash Per Share | 3.29 X | |||
| Total Debt | 1.72 B | |||
| Debt To Equity | 24.00 % | |||
| Book Value Per Share | 12.97 X | |||
| Cash Flow From Operations | (179 M) | |||
| Earnings Per Share | 0.37 X | |||
| Total Asset | 10.13 B | |||
About NOV Performance
By analyzing NOV's fundamental ratios, stakeholders can gain valuable insights into NOV's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if NOV has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if NOV has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
National Oilwell Varco, Inc. designs, manufactures, and sells systems, components, and products for oil and gas drilling and production worldwide. The company was founded in 1862 and is based in Houston, Texas. National Oilwell operates under Oil Gas Equipment Services classification in Germany and is traded on Frankfurt Stock Exchange. It employs 34220 people.Things to note about NOV Inc performance evaluation
Checking the ongoing alerts about NOV for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for NOV Inc help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| NOV Inc generated a negative expected return over the last 90 days | |
| NOV Inc has accumulated about 1.27 B in cash with (179 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 3.29. | |
| Over 95.0% of the company shares are owned by institutional investors |
- Analyzing NOV's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether NOV's stock is overvalued or undervalued compared to its peers.
- Examining NOV's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating NOV's management team can have a significant impact on its success or failure. Reviewing the track record and experience of NOV's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of NOV's stock. These opinions can provide insight into NOV's potential for growth and whether the stock is currently undervalued or overvalued.
Complementary Tools for NOV Stock analysis
When running NOV's price analysis, check to measure NOV's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy NOV is operating at the current time. Most of NOV's value examination focuses on studying past and present price action to predict the probability of NOV's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NOV's price. Additionally, you may evaluate how the addition of NOV to your portfolios can decrease your overall portfolio volatility.
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