NOV Stock Market Value

NOV
 Stock
  

USD 22.25  0.21  0.94%   

NOV's market value is the price at which a share of NOV stock trades on a public exchange. It measures the collective expectations of NOV Inc investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of NOV Inc and determine expected loss or profit from investing in NOV over a given investment horizon. Additionally, see NOV Correlation, NOV Volatility and NOV Alpha and Beta module to complement your research on NOV.
Symbol


Is NOV's industry 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 NOV. If investors know NOV 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 NOV listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Market Capitalization
8.7 B
Quarterly Revenue Growth YOY
0.41
Return On Assets
0.0094
Return On Equity
0.22
The market value of NOV Inc is measured differently than its book value, which is the value of NOV that is recorded on the company's balance sheet. Investors also form their own opinion of NOV's value that differs from its market value or its book value, called intrinsic value, which is NOV'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 NOV's market value can be influenced by many factors that don't directly affect NOV'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 NOV's value and its price as these two are different measures arrived at by different means. Investors typically determine NOV value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NOV'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.

NOV '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 NOV'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 NOV.
0.00
11/01/2022
No Change 0.00  0.0 
In 31 days
12/01/2022
0.00
If you would invest  0.00  in NOV on November 1, 2022 and sell it all today you would earn a total of 0.00 from holding NOV Inc or generate 0.0% return on investment in NOV over 30 days. NOV is related to or competes with Tenaris SA, ChampionX, and Walmart. NOV Inc. designs, constructs, manufactures, and sells systems, components, and products for oil and gas drilling and pro... More

NOV 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 NOV'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 NOV Inc upside and downside potential and time the market with a certain degree of confidence.

NOV Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for NOV's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NOV's standard deviation. In reality, there are many statistical measures that can use NOV historical prices to predict the future NOV's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of NOV'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. Please use the tools below to analyze the current value of NOV in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
20.0623.2126.36
Details
Intrinsic
Valuation
LowReal ValueHigh
15.8919.0424.71
Details
Naive
Forecast
LowNext ValueHigh
19.5222.6725.82
Details
15 Analysts
Consensus
LowTarget PriceHigh
15.0017.0020.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as NOV. Your research has to be compared to or analyzed against NOV's peers to derive any actionable benefits. When done correctly, NOV's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in NOV Inc.

NOV Inc Backtested Returns

NOV appears to be not too volatile, given 3 months investment horizon. NOV Inc has Sharpe Ratio of 0.13, which conveys that the firm had 0.13% of return per unit of standard deviation over the last 3 months. Our standpoint towards estimating the volatility of a stock is to use all available market data together with stock-specific technical indicators that cannot be diversified away. We have found twenty-seven technical indicators for NOV, which you can use to evaluate the future volatility of the firm. Please exercise NOV's Risk Adjusted Performance of 0.1546, mean deviation of 2.57, and Market Risk Adjusted Performance of 0.3065 to check out if our risk estimates are consistent with your expectations.
On a scale of 0 to 100, NOV holds a performance score of 10. The company secures a Beta (Market Risk) of 1.053, which conveys a somewhat significant risk relative to the market. Let's try to break down what NOV's beta means in this case. NOV returns are very sensitive to returns on the market. As the market goes up or down, NOV is expected to follow. Although it is vital to follow NOV Inc price patterns, it is good to be conservative about what you can do with the information regarding equity historical price patterns. The philosophy towards estimating future performance of any stock is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By reviewing NOV Inc technical indicators, you can currently evaluate if the expected return of 0.42% will be sustainable into the future. Please exercises NOV Inc sortino ratio, semi variance, as well as the relationship between the Semi Variance and rate of daily change to make a quick decision on whether NOV Inc current price movements will revert.

Auto-correlation

    
  -0.27  

Weak reverse predictability

NOV Inc has weak reverse predictability. Overlapping area represents the amount of predictability between NOV time series from 1st of November 2022 to 16th of November 2022 and 16th of November 2022 to 1st of December 2022. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of NOV Inc price movement. The serial correlation of -0.27 indicates that nearly 27.0% of current NOV price fluctuation can be explain by its past prices.
Correlation Coefficient-0.27
Spearman Rank Test-0.53
Residual Average0.0
Price Variance0.15

NOV Inc lagged returns against current returns

Autocorrelation, which is NOV 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 NOV's stock expected returns. We can calculate the autocorrelation of NOV returns to help us make a trade decision. For example, suppose you find that NOV stock 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 stock movement to match the lagging time series.
   Current and Lagged Values   
Share
       Timeline  

NOV 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 NOV stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NOV stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NOV stock over time.
   Current vs Lagged Prices   
Share
       Timeline  

NOV Lagged Returns

When evaluating NOV's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NOV stock have on its future price. NOV 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, NOV autocorrelation shows the relationship between NOV stock current value and its past values and can show if there is a momentum factor associated with investing in NOV Inc.
   Regressed Prices   
Share
       Timeline  

Be your own money manager

Our tools can tell you how much better you can do entering a position in NOV without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Additionally, see NOV Correlation, NOV Volatility and NOV Alpha and Beta module to complement your research on NOV. You can also try Watchlist Optimization module to optimize watchlists to build efficient portfolio or rebalance existing positions based on mean-variance optimization algorithm.

Complementary Tools for analysis

When running NOV Inc 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 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.
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NOV 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.
A focus of NOV technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of NOV trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...