Why Nov Inc. is a Top Momentum Stock for the Long-Term - Yahoo Finance Australia
| 0K58 Stock | 16.00 0.07 0.44% |
Slightly above 54% of NOV's investor base is interested to short. The analysis of overall sentiment of trading NOV Inc stock suggests that many investors are impartial at this time. NOV's investing sentiment can be driven by a variety of factors including economic data, NOV's earnings reports, geopolitical events, and overall market trends.
NOV stock news, alerts, and headlines are usually related to its technical, predictive, social, and fundamental indicators. It can reflect on the current distribution of NOV daily returns and investor perception about the current price of NOV Inc as well as its diversification or hedging effects on your existing portfolios.
NOV |
Why Nov Inc. is a Top Momentum Stock for the Long-Term Yahoo Finance Australia
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NOV Fundamental Analysis
We analyze NOV's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of NOV using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of NOV based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Beta
Beta Comparative Analysis
NOV is currently under evaluation in beta category among its peers. Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
NOV Inc Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with NOV stock to make a market-neutral strategy. Peer analysis of NOV could also be used in its relative valuation, which is a method of valuing NOV by comparing valuation metrics with similar companies.
Peers
NOV Related Equities
| 0UMG | Universal Music | 0.50 | ||||
| 0MJT | Atresmedia | 0.43 | ||||
| MTL | Metals Exploration | 0.97 | ||||
| EMH | European Metals | 1.76 | ||||
| 0JZT | McEwen Mining | 2.68 | ||||
| NMT | Neometals | 10.53 |
Additional 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.