NOBLE Competitors

Summary

NOBLE P PLC competes with Helmerich, Noble Plc, Nabors Industries, Precision Drilling, and Transocean; as well as few others. Analyzing NOBLE P competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of NOBLE P to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing.

You can use the Comparative Equity Analysis module to analyze the advantages of investing in your portfolio's related equities across multiple sectors and thematic ideas. Please use the input box below to enter symbols for particular investments you would like to analyze. With the equity comparison module, you can estimate the relative effect of NOBLE P competition on your existing holdings.

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Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of NOBLE P'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 P Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between NOBLE P and its competitors represents the degree of relationship between the price movements of corresponding stocks. A correlation of about +1.0 implies that the price of NOBLE and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of NOBLE P PLC does not affect the price movement of the other competitor.

	HP	NE	NBR	PDS	RIG	SOC	PTEN	SDRL	BORR	BKV
HP		0.09	0.8	0.35	0.35	-0.19	0.64	0.16	-0.25	-0.01	HP
NE	0.09		0.37	0.72	0.78	0.41	0.54	0.47	0.62	-0.19	NE
NBR	0.8	0.37		0.54	0.63	0.12	0.68	0.33	0.16	-0.43	NBR
PDS	0.35	0.72	0.54		0.75	0.57	0.77	0.79	0.31	0.09	PDS
RIG	0.35	0.78	0.63	0.75		0.42	0.66	0.6	0.41	-0.22	RIG
SOC	-0.19	0.41	0.12	0.57	0.42		0.39	0.66	0.24	0.07	SOC
PTEN	0.64	0.54	0.68	0.77	0.66	0.39		0.61	0.12	0.09	PTEN
SDRL	0.16	0.47	0.33	0.79	0.6	0.66	0.61		0.04	0.25	SDRL
BORR	-0.25	0.62	0.16	0.31	0.41	0.24	0.12	0.04		-0.58	BORR
BKV	-0.01	-0.19	-0.43	0.09	-0.22	0.07	0.09	0.25	-0.58		BKV
	HP	NE	NBR	PDS	RIG	SOC	PTEN	SDRL	BORR	BKV

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High positive correlations

NBR	+ 0.8	HP
SDRL	+ 0.79	PDS
RIG	+ 0.78	NE
PTEN	+ 0.77	PDS
RIG	+ 0.75	PDS
PDS	+ 0.72	NE

High negative correlations

BKV	- 0.58	BORR
BKV	- 0.43	NBR
BORR	- 0.25	HP
BKV	- 0.22	RIG
BKV	- 0.19	NE
SOC	- 0.19	HP

Risk-Adjusted Indicators

There is a big difference between NOBLE Stock performing well and NOBLE P Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze NOBLE P's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
HP	1.92	(0.08)	0.00	(0.04)	0.00	0.00	3.70	(5.21)	12.16
NE	1.72	(0.32)	0.00	(0.96)	0.00	0.00	2.54	(3.49)	15.43
NBR	2.90	(0.34)	0.00	(0.26)	0.00	0.00	5.20	(6.23)	15.91
PDS	1.72	(0.26)	0.00	(0.48)	0.00	0.00	3.44	(3.75)	11.68
RIG	2.28	(0.36)	0.00	(0.79)	0.00	0.00	4.94	(5.25)	14.43
SOC	3.77	(0.27)	0.00	(0.15)	0.00	0.00	6.22	(8.18)	21.55
PTEN	2.16	(0.14)	0.00	(0.07)	0.00	0.00	3.86	(4.41)	18.37
SDRL	1.81	(0.20)	0.00	(0.29)	0.00	0.00	3.83	(3.21)	13.86
BORR	2.46	(0.69)	0.00	(1.60)	0.00	0.00	4.04	(5.32)	12.96
BKV	1.32	0.30	0.19	0.43	1.24	(1.53)	3.92	(2.22)	10.08

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All Fundamental Data

NOBLE P Competitive Analysis

The better you understand NOBLE P competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, NOBLE P's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across NOBLE P's competition over several years is one of the best ways to analyze its investment potential.

Better Than Average

Worse Than Peers

View Performance Chart

	HP	NE	NBR	PDS	RIG	SOC	PTEN	SDRL	BORR	BKV
	0.50 30.45 Helmerich	0.55 28.85 Noble	1.86 53.77 Nabors	1.29 56.58 Precision	1.93 3.55 Transocean	0.04 22.27 Sable	5.35 7.68 Patterson	0.39 36.32 Seadrill	1.64 3.60 Borr	0.60 21.69 BKV
Market Volatility (90 Days Market Risk)	Very steady	Very steady	Very steady	Very steady	Slightly risky	Not too volatile	Somewhat reliable	Very steady	Slightly risky	Very steady
Market Performance (90 Days Performance)	Very Weak	Very Weak	Very Weak	Very Weak	Very Weak	Very Weak	Very Weak	Very Weak	Very Weak	Good
Odds of Financial Distress (Probability Of Bankruptcy)	Low	Very Low	Below Average	Very Low	About Average	Average	Below Average	Very Small	Very Low	Below Average
Current Valuation (Equity Enterprise Value)	Under Valued	Under Valued	Under Valued	Under Valued	Under Valued	Fairly Valued	Under Valued	Under Valued	Under Valued	Under Valued
Buy or Sell Advice (Average Analysts Consensus)	Buy	Strong Buy	Hold	Strong Buy	Buy	Strong Buy	Strong Buy	Strong Buy	Strong Buy	Strong Buy
Trade Advice (90 Days Macroaxis Advice)	Hold	Strong Sell	Cautious Hold	Cautious Hold	Cautious Hold	Strong Sell	Cautious Hold	Cautious Hold	Strong Sell	Strong Buy
Current Ratio	2.36	1.94	1.73	1.39	1.64	N/A	1.55	2.51	0.32	N/A
Net Asset	5.78 B	5.51 B	5.28 B	3.02 B	20.25 B	63.92 M	7.42 B	4.22 B	3.08 B	2.68 B
Profit Margin	0.12	0.19	-0.0475	0.13	-0.19	N/A	-0.15	0.29	0.087	N/A
EBITDA	849.27 M	872.73 M	959.7 M	599.35 M	501 M	(4.92 M)	1.09 B	494 M	361.24 M	N/A
Operating Margin	0.16	0.24	0.0854	0.14	0.16	N/A	0.0113	0.15	0.35	N/A
Current Valuation	4.37 B	6.22 B	2.57 B	1.38 B	9.63 B	2.14 B	4.04 B	2.38 B	2.69 B	N/A
Price To Book	1.03	0.99	2.73	0.68	0.3	11.98	0.8	0.8	0.91	N/A
Retained Earnings	2.88 B	541.16 M	(1.89 B)	(1.01 B)	(4.03 B)	(55.58 M)	57.03 M	501 M	(1.36 B)	267.37 M
Current Asset	1.57 B	1.24 B	1.48 B	561.95 M	4.79 B	N/A	486.54 M	2.94 B	283.67 M	N/A
Five Year Return	6.14	5.21	3.99	N/A	N/A	N/A	1.53	N/A	N/A	N/A
Beta	1.39	1.0	2.1	2.75	2.79	0.26	2.13	1.58	2.5	N/A
Number Of Employees	N/A	3.6 K	12 K	5 K	5.43 K	106	10.6 K	2.5 K	1.88 K	355
Shares Outstanding	98.76 M	160.38 M	9.55 M	14.07 M	875.8 M	64.85 M	389.96 M	64.66 M	248.71 M	N/A
Cash Flow From Operations	684.66 M	574.34 M	637.86 M	500.57 M	164 M	(3.84 M)	1.01 B	287 M	(50.7 M)	123.08 M
Annual Yield	0.033	0.0693	N/A	N/A	N/A	N/A	0.0439	N/A	0.0667	N/A
Total Debt	1.86 B	611.87 M	3.15 B	992.19 M	7.85 B	7.51 M	1.35 B	608 M	1.7 B	127 M
Return On Equity	0.12	0.12	-0.0392	0.16	-0.0606	-6.46	-0.2	0.14	0.0883	N/A
Return On Asset	0.054	0.0596	0.034	0.054	0.0061	-0.0894	0.0281	0.0404	0.0691	N/A
Number Of Shares Shorted	12.07 M	10.62 M	1.4 M	125.58 K	145.12 M	3.01 M	25.72 M	4.18 M	12.44 M	N/A
Book Value Per Share	29.54	29.22	20.04	117.77	11.68	1.88	9.14	44.61	3.93	N/A
Current Liabilities	330.12 M	863.58 M	1.01 B	175.5 M	2.67 B	N/A	316.62 M	3.47 B	206.7 M	N/A
Total Asset	5.78 B	5.51 B	5.28 B	3.02 B	20.25 B	63.92 M	7.42 B	4.22 B	3.08 B	2.68 B
Debt To Equity	0.2	0.14	2.03	1.02	0.64	N/A	0.54	0.68	2.11	N/A
Short Ratio	8.66	4.86	4.35	1.79	7.56	8.77	3.19	4.2	4.74	N/A
Target Price	40.93	43.73	87.5	91.07	5.31	27.33	10.81	54.78	7.03	N/A
Last Dividend Paid	N/A	1.7	N/A	N/A	N/A	N/A	0.32	N/A	0.05	N/A
Shares Owned By Institutions	96.53	78.59	74.53	57.43	71.36	51.42	97.47	84.84	73.84	N/A
Market Capitalization	2.99 B	4.63 B	523.13 M	795.93 M	3.11 B	1.46 B	2.99 B	2.34 B	1.01 B	N/A
Price To Earnings To Growth	5.78	0.01	-0.68	0.4	-22.91	N/A	0.78	-0.04	N/A	N/A
Price To Earning	N/A	29.72	-2.5	-6.85	-3.44	N/A	37.63	0.98	-3.16	N/A
Price To Sales	1.09	1.75	0.18	0.41	0.94	N/A	0.52	1.61	0.92	N/A
Net Income	344.17 M	481.9 M	49.9 M	289.24 M	(954 M)	(32.18 M)	246.29 M	300 M	22.1 M	116.92 M
Earnings Per Share	3.43	3.4	-23.52	11.47	-0.76	-2.86	-2.2	5.78	0.34	N/A
Shares Owned By Insiders	3.47	20.63	5.17	2.1	16.67	31.72	2.53	N/A	7.3	N/A
Revenue	2.76 B	2.59 B	3.01 B	1.94 B	2.83 B	N/A	4.15 B	1.47 B	771.6 M	739.28 M
Working Capital	587.69 M	420.07 M	431.7 M	145.24 M	729 M	(16.41 M)	435.26 M	769 M	49.5 M	(100.1 M)
Cash And Equivalents	257.17 M	194.14 M	451.02 M	51.64 M	683 M	N/A	42.73 M	336 M	279 M	N/A
Cash Per Share	3.32	2.39	45.15	3.8	1.32	N/A	0.2	6.72	1.22	N/A
Gross Profit	1.16 B	435.75 M	987.76 M	492.59 M	907 M	N/A	801.04 M	277 M	178.9 M	N/A
Day Typical Price	30.42	29.17	54.48	56.53	3.6	22.4	7.51	36.32	3.57	21.85
Accumulation Distribution	186535.0	0.0421	30925.11	4266.95	0.0536	290381.0	2.2 M	41347.99	228192.0	124740.0
Market Facilitation Index	N/A	1.26	0.0	0.0	0.2	N/A	N/A	0.0	N/A	N/A
Daily Balance Of Power	0.1531	(0.13)	(0.37)	0.3064	(0.35)	0.0065	0.6964	0.0843	(0.35)	(0.16)
Period Momentum Indicator	0.15	(0.16)	(1.02)	0.72	(0.07)	0.01	0.39	0.14	(0.06)	(0.13)
Rate Of Daily Change	1.0	0.99	0.98	1.01	0.98	1.0	1.05	1.0	0.98	0.99
Day Median Price	30.4	29.33	54.83	56.51	3.63	22.47	7.43	36.32	3.56	21.94
Price Action Indicator	0.12	(0.56)	(1.57)	0.43	(0.12)	(0.20)	0.44	0.07	0.015	(0.31)
Relative Strength Index	47.27	39.59	37.75	43.68	38.25	49.39	44.1	43.37	44.33	67.82
Coefficient Of Variation	(5,700)	(778.70)	(1,194)	(932.44)	(856.34)	(2,273)	(2,887)	(1,394)	(461.45)	564.04
Mean Deviation	1.92	1.72	2.9	1.72	2.28	3.77	2.16	1.81	2.46	1.32
Jensen Alpha	(0.08)	(0.32)	(0.34)	(0.26)	(0.36)	(0.27)	(0.14)	(0.20)	(0.69)	0.2961
Total Risk Alpha	(0.12)	(0.38)	(0.41)	(0.31)	(0.43)	(0.38)	(0.19)	(0.25)	(0.76)	0.2613
Sortino Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	0.1917
Downside Variance	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	2.29
Standard Deviation	2.51	2.38	3.62	2.19	2.91	5.14	2.86	2.45	3.08	1.82
Kurtosis	0.4402	7.28	(0.05)	0.8637	0.6556	3.69	2.17	3.62	0.046	2.0
Potential Upside	3.7	2.54	5.2	3.44	4.94	6.22	3.86	3.83	4.04	3.92
Treynor Ratio	(0.04)	(0.96)	(0.26)	(0.48)	(0.79)	(0.15)	(0.07)	(0.29)	(1.60)	0.4296
Maximum Drawdown	12.16	15.43	15.91	11.68	14.43	21.55	18.37	13.86	12.96	10.08
Variance	6.29	5.68	13.12	4.77	8.5	26.46	8.2	5.99	9.5	3.3
Market Risk Adjusted Performance	(0.03)	(0.95)	(0.25)	(0.47)	(0.78)	(0.14)	(0.06)	(0.28)	(1.59)	0.4396
Risk Adjusted Performance	(0.01)	(0.1)	(0.06)	(0.08)	(0.09)	(0.03)	(0.02)	(0.05)	(0.16)	0.1461
Skewness	(0.40)	1.58	0.2776	0.3285	0.575	(1.00)	0.5102	1.42	0.2194	0.7083
Semi Deviation	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	1.24
Information Ratio	(0.03)	(0.14)	(0.09)	(0.12)	(0.13)	(0.05)	(0.05)	(0.08)	(0.23)	0.1596
Value At Risk	(5.21)	(3.49)	(6.23)	(3.75)	(5.25)	(8.18)	(4.41)	(3.21)	(5.32)	(2.22)
Expected Short fall	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	(1.53)
Downside Deviation	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	1.51
Semi Variance	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	1.53

NOBLE P Competition Performance Charts

Five steps to successful analysis of NOBLE P Competition

NOBLE P's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by NOBLE P PLC in relation to its competition. NOBLE P's competition analysis typically involves several steps, including:

Identifying the key players in the market: This involves identifying the major competitors of NOBLE P in the market, both direct and indirect, as well as new entrants and disruptive technologies.
Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact NOBLE P's competitive landscape.
Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to NOBLE P PLC, and developing a strategy to address them.
Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.

Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

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Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing.

You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.

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When running NOBLE P's price analysis, check to measure NOBLE P'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 NOBLE P is operating at the current time. Most of NOBLE P's value examination focuses on studying past and present price action to predict the probability of NOBLE P's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NOBLE P's price. Additionally, you may evaluate how the addition of NOBLE P to your portfolios can decrease your overall portfolio volatility.

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