NOV Stock Performance

NOV
 Stock
  

USD 22.55  0.30  1.35%   

On a scale of 0 to 100, NOV holds a performance score of 11. The company secures a Beta (Market Risk) of 1.0328, 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 0.48% 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.
  
NOV Performance
11 of 100
Compared to the overall equity markets, risk-adjusted returns on investments in NOV Inc are ranked lower than 11 (%) of all global equities and portfolios over the last 90 days. In spite of fairly unsteady basic indicators, NOV showed solid returns over the last few months and may actually be approaching a breakup point. ...more

Structure and Payout Changes

Forward Annual Dividend Yield
0.009
Payout Ratio
0.04
Last Split Factor
1109:1000
Forward Annual Dividend Rate
0.2
Dividend Date
2022-12-23
Ex Dividend Date
2022-12-08

NOV Price Channel

Begin Period Cash Flow1692000000.00
Total Cashflows From Investing Activities-196000000.00

NOV Relative Risk vs. Return Landscape

If you would invest  1,724  in NOV Inc on September 3, 2022 and sell it today you would earn a total of  531.00  from holding NOV Inc or generate 30.8% return on investment over 90 days. NOV Inc is generating 0.4754% of daily returns assuming volatility of 3.139% on return distribution over 90 days investment horizon. In other words, 27% of stocks are less volatile than NOV, and above 91% of all equities are expected to generate higher returns over the next 90 days.
  Daily Expected Return (%)  
       Risk (%)  
Considering the 90-day investment horizon NOV is expected to generate 2.08 times more return on investment than the market. However, the company is 2.08 times more volatile than its market benchmark. It trades about 0.15 of its potential returns per unit of risk. The NYSE Composite is currently generating roughly 0.09 per unit of risk.

NOV Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for NOV's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as NOV Inc, and traders can use it to determine the average amount a NOV's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.

Sharpe Ratio = 0.1514

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Estimated Market Risk
 3.14
  actual daily
 
 27 %
of total potential
 
2727
Expected Return
 0.48
  actual daily
 
 9 %
of total potential
 
99
Risk-Adjusted Return
 0.15
  actual daily
 
 11 %
of total potential
 
1111
Based on monthly moving average NOV is performing at about 11% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of NOV by adding it to a well-diversified portfolio.

About NOV Performance

To evaluate NOV Inc Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when NOV generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare NOV Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand NOV Inc market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents NOV's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.
Last ReportedProjected for 2022
Effect of Exchange Rate Changes on Cash-1.8 M-1.9 M
Return on Investment(1.95) (2.10) 
Return on Average Assets(2.57) (2.77) 
Return on Average Equity(4.90) (5.28) 
Return on Invested Capital(0.32) (0.33) 
Return on Sales(0.40) (0.41) 

Things to note about NOV Inc

Checking the ongoing alerts about NOV for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for NOV Inc help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.

NOV Alerts

Equity Alerts and Improvement Suggestions

NOV Inc has very high historical volatility over the last 90 days
The company reported the last year's revenue of 5.52 B. Reported Net Loss for the year was (245 M) with profit before taxes, overhead, and interest of 774 M.
NOV Inc has a poor financial position based on the latest SEC disclosures
Over 97.0% of the company shares are owned by institutional investors
Latest headline from news.google.com: Stock market news live updates Stocks plummet after midterms as Wall Street turns eyes toward inflation data - Yahoo Finance
Additionally, see Correlation Analysis. You can also try Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.

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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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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
8.8 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.