National Energy Services Stock Market Value
| NESR Stock | USD 8.52 0.28 3.18% |
| Symbol | National |
National Energy Services Price To Book Ratio
Is Oil & Gas 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 National Energy. If investors know National 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 National Energy 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 8.888 | Earnings Share 0.48 | Revenue Per Share 12.926 | Quarterly Revenue Growth 0.159 | Return On Assets 0.0278 |
The market value of National Energy Services is measured differently than its book value, which is the value of National that is recorded on the company's balance sheet. Investors also form their own opinion of National Energy's value that differs from its market value or its book value, called intrinsic value, which is National Energy'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 National Energy's market value can be influenced by many factors that don't directly affect National Energy'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 National Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if National Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, National Energy'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.
National Energy '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 National Energy'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 National Energy.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in National Energy on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding National Energy Services or generate 0.0% return on investment in National Energy over 30 days. National Energy is related to or competes with Dawson Geophysical, Mccoy Global, Ranger Energy, MRC Global, NCS Multistage, Profire Ene, and Nine Energy. National Energy Services Reunited Corp. provides oilfield services to oil and gas companies in the Middle East, North Af... More
National Energy 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 National Energy'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 National Energy Services upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.83 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 16.26 | |||
| Value At Risk | (4.13) | |||
| Potential Upside | 5.56 |
National Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for National Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as National Energy's standard deviation. In reality, there are many statistical measures that can use National Energy historical prices to predict the future National Energy's volatility.| Risk Adjusted Performance | 0.0321 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.40) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.0872 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of National Energy'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.
National Energy Services Backtested Returns
National Energy Services has Sharpe Ratio of -0.0405, which conveys that the firm had a -0.0405% return per unit of risk over the last 3 months. National Energy exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify National Energy's Risk Adjusted Performance of 0.0321, mean deviation of 2.23, and Downside Deviation of 2.83 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 1.03, which conveys a somewhat significant risk relative to the market. National Energy returns are very sensitive to returns on the market. As the market goes up or down, National Energy is expected to follow. At this point, National Energy Services has a negative expected return of -0.12%. Please make sure to verify National Energy's downside variance, as well as the relationship between the daily balance of power and relative strength index , to decide if National Energy Services performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.38 |
Below average predictability
National Energy Services has below average predictability. Overlapping area represents the amount of predictability between National Energy time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 National Energy Services price movement. The serial correlation of 0.38 indicates that just about 38.0% of current National Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.38 | |
| Spearman Rank Test | 0.76 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
National Energy Services lagged returns against current returns
Autocorrelation, which is National Energy 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 National Energy's stock expected returns. We can calculate the autocorrelation of National Energy returns to help us make a trade decision. For example, suppose you find that National Energy 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 |
National Energy 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 National Energy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if National Energy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in National Energy stock over time.
Current vs Lagged Prices |
| Timeline |
National Energy Lagged Returns
When evaluating National Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of National Energy stock have on its future price. National Energy 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, National Energy autocorrelation shows the relationship between National Energy stock current value and its past values and can show if there is a momentum factor associated with investing in National Energy Services.
Regressed Prices |
| Timeline |
Pair Trading with National Energy
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if National Energy position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in National Energy will appreciate offsetting losses from the drop in the long position's value.Moving against National Stock
| 0.66 | TTI | Tetra Technologies | PairCorr |
| 0.65 | EFXT | Enerflex | PairCorr |
| 0.63 | KGS | Kodiak Gas Services, | PairCorr |
| 0.61 | TS | Tenaris SA ADR | PairCorr |
| 0.61 | BKR | Baker Hughes Fiscal Year End 28th of January 2025 | PairCorr |
The ability to find closely correlated positions to National Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace National Energy when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back National Energy - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling National Energy Services to buy it.
The correlation of National Energy is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as National Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if National Energy Services moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for National Energy can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for National Stock Analysis
When running National Energy's price analysis, check to measure National Energy'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 National Energy is operating at the current time. Most of National Energy's value examination focuses on studying past and present price action to predict the probability of National Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move National Energy's price. Additionally, you may evaluate how the addition of National Energy to your portfolios can decrease your overall portfolio volatility.