Nabors Industries (Germany) Market Value
| NBI1 Stock | EUR 70.00 2.50 3.45% |
| Symbol | Nabors |
Nabors Industries 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Nabors Industries' stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Nabors Industries.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Nabors Industries on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Nabors Industries or generate 0.0% return on investment in Nabors Industries over 30 days. Nabors Industries Ltd. provides drilling and drilling-related services for land-based and offshore oil and natural gas w... More
Nabors Industries Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Nabors Industries' stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Nabors Industries upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.29 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 17.48 | |||
| Value At Risk | (6.08) | |||
| Potential Upside | 6.09 |
Nabors Industries Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nabors Industries' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nabors Industries' standard deviation. In reality, there are many statistical measures that can use Nabors Industries historical prices to predict the future Nabors Industries' volatility.| Risk Adjusted Performance | 0.0259 | |||
| Jensen Alpha | 0.0395 | |||
| Total Risk Alpha | (0.49) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.2482 |
Nabors Industries Backtested Returns
At this point, Nabors Industries is very steady. Nabors Industries has Sharpe Ratio of 0.0062, which conveys that the firm had a 0.0062% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Nabors Industries, which you can use to evaluate the volatility of the firm. Please verify Nabors Industries' Risk Adjusted Performance of 0.0259, downside deviation of 3.29, and Mean Deviation of 2.68 to check out if the risk estimate we provide is consistent with the expected return of 0.0231%. The company secures a Beta (Market Risk) of 0.3, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Nabors Industries' returns are expected to increase less than the market. However, during the bear market, the loss of holding Nabors Industries is expected to be smaller as well. Nabors Industries right now secures a risk of 3.71%. Please verify Nabors Industries coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to decide if Nabors Industries will be following its current price movements.
Auto-correlation | 0.38 |
Below average predictability
Nabors Industries has below average predictability. Overlapping area represents the amount of predictability between Nabors Industries time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Nabors Industries price movement. The serial correlation of 0.38 indicates that just about 38.0% of current Nabors Industries price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.38 | |
| Spearman Rank Test | -0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 5.38 |
Nabors Industries lagged returns against current returns
Autocorrelation, which is Nabors Industries stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Nabors Industries' stock expected returns. We can calculate the autocorrelation of Nabors Industries returns to help us make a trade decision. For example, suppose you find that Nabors Industries has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
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Nabors Industries regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Nabors Industries stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nabors Industries stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nabors Industries stock over time.
Current vs Lagged Prices |
| Timeline |
Nabors Industries Lagged Returns
When evaluating Nabors Industries' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nabors Industries stock have on its future price. Nabors Industries autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Nabors Industries autocorrelation shows the relationship between Nabors Industries stock current value and its past values and can show if there is a momentum factor associated with investing in Nabors Industries.
Regressed Prices |
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Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Nabors Stock
When determining whether Nabors Industries is a strong investment it is important to analyze Nabors Industries' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Nabors Industries' future performance. For an informed investment choice regarding Nabors Stock, refer to the following important reports:Check out Nabors Industries Correlation, Nabors Industries Volatility and Nabors Industries Alpha and Beta module to complement your research on Nabors Industries. For more detail on how to invest in Nabors Stock please use our How to Invest in Nabors Industries guide.You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.
Nabors Industries technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.