Nabors Industries Stock Probability of Future Stock Price Finishing Under 56.12
| NBR Stock | USD 54.04 0.27 0.50% |
Nabors |
Nabors Industries Target Price Odds to finish below 56.12
The tendency of Nabors Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to stay under $ 56.12 after 90 days |
| 54.04 | 90 days | 56.12 | near 1 |
Based on a normal probability distribution, the odds of Nabors Industries to stay under $ 56.12 after 90 days from now is near 1 (This Nabors Industries probability density function shows the probability of Nabors Stock to fall within a particular range of prices over 90 days) . Probability of Nabors Industries price to stay between its current price of $ 54.04 and $ 56.12 at the end of the 90-day period is near 1 .
Considering the 90-day investment horizon the stock has the beta coefficient of 1.21 . This indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Nabors Industries will likely underperform. Additionally Nabors Industries has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Nabors Industries Price Density |
| Price |
Predictive Modules for Nabors Industries
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Nabors Industries. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Nabors Industries Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Nabors Industries is not an exception. The market had few large corrections towards the Nabors Industries' value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Nabors Industries, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Nabors Industries within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.34 | |
β | Beta against Dow Jones | 1.21 | |
σ | Overall volatility | 6.52 | |
Ir | Information ratio | -0.09 |
Nabors Industries Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Nabors Industries for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Nabors Industries can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Nabors Industries generated a negative expected return over the last 90 days | |
| Nabors Industries has high historical volatility and very poor performance | |
| About 75.0% of the company shares are owned by institutional investors | |
| Latest headline from gurufocus.com: TOCKHOLDER ALERT The MA Class Action Firm Encourages Shareholders of USAP, NBR, ALTR, ... |
Nabors Industries Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Nabors Stock often depends not only on the future outlook of the current and potential Nabors Industries' investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Nabors Industries' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 9.2 M | |
| Cash And Short Term Investments | 1.1 B |
Nabors Industries Technical Analysis
Nabors Industries' future price can be derived by breaking down and analyzing its technical indicators over time. Nabors Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Nabors Industries. In general, you should focus on analyzing Nabors Stock price patterns and their correlations with different microeconomic environments and drivers.
Nabors Industries Predictive Forecast Models
Nabors Industries' time-series forecasting models is one of many Nabors Industries' stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Nabors Industries' historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Nabors Industries
Checking the ongoing alerts about Nabors Industries for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Nabors Industries help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Nabors Industries generated a negative expected return over the last 90 days | |
| Nabors Industries has high historical volatility and very poor performance | |
| About 75.0% of the company shares are owned by institutional investors | |
| Latest headline from gurufocus.com: TOCKHOLDER ALERT The MA Class Action Firm Encourages Shareholders of USAP, NBR, ALTR, ... |
Additional Tools for Nabors Stock Analysis
When running Nabors Industries' price analysis, check to measure Nabors Industries' 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 Nabors Industries is operating at the current time. Most of Nabors Industries' value examination focuses on studying past and present price action to predict the probability of Nabors Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nabors Industries' price. Additionally, you may evaluate how the addition of Nabors Industries to your portfolios can decrease your overall portfolio volatility.