Noble Plc Stock Market Value
| NE Stock | USD 34.70 0.32 0.93% |
| Symbol | Noble |
Noble plc Price To Book Ratio
Is Energy Equipment & Services space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Noble Plc. If investors know Noble will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Noble Plc listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.63) | Dividend Share 1.7 | Earnings Share 3.4 | Revenue Per Share 18.385 | Quarterly Revenue Growth 0.138 |
The market value of Noble plc is measured differently than its book value, which is the value of Noble that is recorded on the company's balance sheet. Investors also form their own opinion of Noble Plc's value that differs from its market value or its book value, called intrinsic value, which is Noble Plc's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Noble Plc's market value can be influenced by many factors that don't directly affect Noble Plc's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Noble Plc's value and its price as these two are different measures arrived at by different means. Investors typically determine if Noble Plc is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Noble Plc's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Noble Plc '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 Noble Plc's 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 Noble Plc.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Noble Plc on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Noble plc or generate 0.0% return on investment in Noble Plc over 30 days. Noble Plc is related to or competes with Nabors Industries, Precision Drilling, Seadrill, and Patterson UTI. Noble Corporation plc, together with its subsidiaries, operates as an offshore drilling contractor for the oil and gas i... More
Noble Plc 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 Noble Plc's 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 Noble plc upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 14.22 | |||
| Value At Risk | (3.50) | |||
| Potential Upside | 3.99 |
Noble Plc Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Noble Plc's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Noble Plc's standard deviation. In reality, there are many statistical measures that can use Noble Plc historical prices to predict the future Noble Plc's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.23) | |||
| Total Risk Alpha | (0.39) | |||
| Treynor Ratio | (0.03) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Noble Plc's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Noble plc Backtested Returns
Noble plc has Sharpe Ratio of -0.0404, which conveys that the firm had a -0.0404% return per unit of risk over the last 3 months. Noble Plc exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Noble Plc's Standard Deviation of 2.54, mean deviation of 1.85, and Risk Adjusted Performance of (0.01) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 1.79, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Noble Plc will likely underperform. At this point, Noble plc has a negative expected return of -0.1%. Please make sure to verify Noble Plc's potential upside, and the relationship between the total risk alpha and daily balance of power , to decide if Noble plc performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.21 |
Weak predictability
Noble plc has weak predictability. Overlapping area represents the amount of predictability between Noble Plc time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 Noble plc price movement. The serial correlation of 0.21 indicates that over 21.0% of current Noble Plc price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.21 | |
| Spearman Rank Test | -0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 0.48 |
Noble plc lagged returns against current returns
Autocorrelation, which is Noble Plc 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 Noble Plc's stock expected returns. We can calculate the autocorrelation of Noble Plc returns to help us make a trade decision. For example, suppose you find that Noble Plc 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 |
| Timeline |
Noble Plc 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 Noble Plc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Noble Plc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Noble Plc stock over time.
Current vs Lagged Prices |
| Timeline |
Noble Plc Lagged Returns
When evaluating Noble Plc's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Noble Plc stock have on its future price. Noble Plc 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, Noble Plc autocorrelation shows the relationship between Noble Plc stock current value and its past values and can show if there is a momentum factor associated with investing in Noble plc.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Check out Noble Plc Correlation, Noble Plc Volatility and Noble Plc Alpha and Beta module to complement your research on Noble Plc. For information on how to trade Noble Stock refer to our How to Trade Noble Stock guide.You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
Noble Plc 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.