Nine Energy Service Stock Market Value
| NINE Stock | USD 1.22 0.14 10.29% |
| Symbol | Nine |
Nine Energy Service 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 Nine Energy. If investors know Nine 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 Nine Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.20) | Revenue Per Share | Quarterly Revenue Growth (0.02) | Return On Assets | Return On Equity |
The market value of Nine Energy Service is measured differently than its book value, which is the value of Nine that is recorded on the company's balance sheet. Investors also form their own opinion of Nine Energy's value that differs from its market value or its book value, called intrinsic value, which is Nine 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 Nine Energy's market value can be influenced by many factors that don't directly affect Nine 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 Nine Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nine Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nine 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.
Nine 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 Nine 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 Nine Energy.
| 09/03/2024 |
| 01/31/2025 |
If you would invest 0.00 in Nine Energy on September 3, 2024 and sell it all today you would earn a total of 0.00 from holding Nine Energy Service or generate 0.0% return on investment in Nine Energy over 150 days. Nine Energy is related to or competes with Liberty Oilfield, ProFrac Holding, Helix Energy, Enerflex, Geospace Technologies, Cactus, and ChampionX. Nine Energy Service, Inc. operates as an onshore completion services provider that targets unconventional oil and gas re... More
Nine 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 Nine 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 Nine Energy Service upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.96 | |||
| Information Ratio | 0.0607 | |||
| Maximum Drawdown | 43.06 | |||
| Value At Risk | (10.34) | |||
| Potential Upside | 16.26 |
Nine Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nine Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nine Energy's standard deviation. In reality, there are many statistical measures that can use Nine Energy historical prices to predict the future Nine Energy's volatility.| Risk Adjusted Performance | 0.0691 | |||
| Jensen Alpha | 0.4809 | |||
| Total Risk Alpha | (0.33) | |||
| Sortino Ratio | 0.0777 | |||
| Treynor Ratio | 0.3786 |
Nine Energy Service Backtested Returns
Nine Energy appears to be abnormally volatile, given 3 months investment horizon. Nine Energy Service has Sharpe Ratio of 0.0755, which conveys that the firm had a 0.0755 % return per unit of risk over the last 3 months. By analyzing Nine Energy's technical indicators, you can evaluate if the expected return of 0.66% is justified by implied risk. Please exercise Nine Energy's Downside Deviation of 6.96, mean deviation of 6.76, and Risk Adjusted Performance of 0.0691 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Nine Energy holds a performance score of 5. The company secures a Beta (Market Risk) of 1.67, 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, Nine Energy will likely underperform. Please check Nine Energy's kurtosis, day median price, as well as the relationship between the downside variance and treynor ratio , to make a quick decision on whether Nine Energy's current price movements will revert.
Auto-correlation | -0.25 |
Weak reverse predictability
Nine Energy Service has weak reverse predictability. Overlapping area represents the amount of predictability between Nine Energy time series from 3rd of September 2024 to 17th of November 2024 and 17th of November 2024 to 31st of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Nine Energy Service price movement. The serial correlation of -0.25 indicates that over 25.0% of current Nine Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.25 | |
| Spearman Rank Test | 0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Nine Energy Service lagged returns against current returns
Autocorrelation, which is Nine 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 Nine Energy's stock expected returns. We can calculate the autocorrelation of Nine Energy returns to help us make a trade decision. For example, suppose you find that Nine 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 |
Nine 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 Nine Energy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nine Energy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nine Energy stock over time.
Current vs Lagged Prices |
| Timeline |
Nine Energy Lagged Returns
When evaluating Nine Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nine Energy stock have on its future price. Nine 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, Nine Energy autocorrelation shows the relationship between Nine Energy stock current value and its past values and can show if there is a momentum factor associated with investing in Nine Energy Service.
Regressed Prices |
| Timeline |
Also Currently Popular
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.When determining whether Nine Energy Service is a strong investment it is important to analyze Nine Energy's 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 Nine Energy's future performance. For an informed investment choice regarding Nine Stock, refer to the following important reports:Check out Nine Energy Correlation, Nine Energy Volatility and Nine Energy Alpha and Beta module to complement your research on Nine Energy. You can also try the Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.
Nine Energy 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.