NOV (Germany) Chance of Future Stock Price Finishing Under 14.13
| NO8 Stock | EUR 13.88 0.15 1.09% |
NOV |
NOV Target Price Odds to finish below 14.13
The tendency of NOV 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 € 14.13 after 90 days |
| 13.88 | 90 days | 14.13 | about 25.39 |
Based on a normal probability distribution, the odds of NOV to stay under € 14.13 after 90 days from now is about 25.39 (This NOV Inc probability density function shows the probability of NOV Stock to fall within a particular range of prices over 90 days) . Probability of NOV Inc price to stay between its current price of € 13.88 and € 14.13 at the end of the 90-day period is about 12.27 .
Assuming the 90 days horizon NOV has a beta of 0.27. This indicates as returns on the market go up, NOV average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding NOV Inc will be expected to be much smaller as well. Additionally NOV Inc 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. NOV Price Density |
| Price |
Predictive Modules for NOV
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as NOV Inc. 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.NOV Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. NOV is not an exception. The market had few large corrections towards the NOV's 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 NOV Inc, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of NOV within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.11 | |
β | Beta against Dow Jones | 0.27 | |
σ | Overall volatility | 0.55 | |
Ir | Information ratio | -0.07 |
NOV 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 NOV for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for NOV Inc can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| NOV Inc generated a negative expected return over the last 90 days | |
| NOV Inc has accumulated about 1.27 B in cash with (179 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 3.29. | |
| Over 95.0% of the company shares are owned by institutional investors |
NOV 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 NOV Stock often depends not only on the future outlook of the current and potential NOV's 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. NOV's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 392.8 M |
NOV Technical Analysis
NOV's future price can be derived by breaking down and analyzing its technical indicators over time. NOV Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of NOV Inc. In general, you should focus on analyzing NOV Stock price patterns and their correlations with different microeconomic environments and drivers.
NOV Predictive Forecast Models
NOV's time-series forecasting models is one of many NOV's 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 NOV's 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 NOV Inc
Checking the ongoing alerts about NOV for important developments is a great way to find new opportunities for your next move. Our 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 Inc generated a negative expected return over the last 90 days | |
| NOV Inc has accumulated about 1.27 B in cash with (179 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 3.29. | |
| Over 95.0% of the company shares are owned by institutional investors |
Additional Information and Resources on Investing in NOV Stock
When determining whether NOV Inc is a strong investment it is important to analyze NOV'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 NOV's future performance. For an informed investment choice regarding NOV Stock, refer to the following important reports:Check out NOV Backtesting, NOV Valuation, NOV Correlation, NOV Hype Analysis, NOV Volatility, NOV History as well as NOV Performance. You can also try the Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.