Nabors Industries Stock Price on May 8, 2024
NBRWF Stock | USD 3.68 0.48 15.00% |
If you're considering investing in Nabors OTC Stock, it is important to understand the factors that can impact its price. As of today, the current price of Nabors Industries stands at 3.68, as last reported on the 21st of December, with the highest price reaching 3.68 and the lowest price hitting 3.35 during the day. Nabors Industries has Sharpe Ratio of -0.0564, which conveys that the firm had a -0.0564% return per unit of risk over the last 3 months. Nabors Industries exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nabors Industries' Mean Deviation of 4.02, standard deviation of 6.33, and Risk Adjusted Performance of (0.10) to check out the risk estimate we provide.
Nabors OTC Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Nabors |
Sharpe Ratio = -0.0564
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Estimated Market Risk
5.73 actual daily | 51 51% of assets are less volatile |
Expected Return
-0.32 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.06 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Nabors Industries is not performing at its full potential. However, 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 Nabors Industries by adding Nabors Industries to a well-diversified portfolio.
Nabors Industries Valuation on May 8, 2024
It is possible to determine the worth of Nabors Industries on a given historical date. On May 8, 2024 Nabors was worth 7.75 at the beginning of the trading date compared to the closed value of 7.98. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Nabors Industries otc stock. Still, in general, we apply an absolute valuation method to find Nabors Industries' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Nabors Industries where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Nabors Industries' related companies.
Open | High | Low | Close | Volume | |
7.30 | 8.10 | 7.30 | 8.10 | 2,500 | |
05/08/2024 | 7.75 | 7.98 | 7.75 | 7.98 | 1,200 |
7.86 | 8.05 | 7.86 | 8.00 | 2,800 |
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Nabors Industries Trading Date Momentum on May 8, 2024
On May 09 2024 Nabors Industries was traded for 8.00 at the closing time. The highest daily price throughout the period was 8.05 and the lowest price was 7.86 . The daily volume was 2.8 K. The net trading volume on 05/09/2024 added to the next day price rise. The trading delta at closing time to closing price of the next trading day was 0.25% . The trading delta at closing time to current closing price is 0.25% . |
Nabors Industries Fundamentals Correlations and Trends
By evaluating Nabors Industries' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Nabors Industries' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Nabors financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Nabors Industries OTC Stock history
Nabors Industries investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Nabors is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Nabors Industries will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Nabors Industries stock prices may prove useful in developing a viable investing in Nabors Industries
Nabors Industries Ltd. provides drilling and drilling-related services for land-based and offshore oil and natural gas wells. Nabors Industries Ltd. was founded in 1952 and is headquartered in Hamilton, Bermuda. Nabors Industries is traded on OTC Exchange in the United States.
Nabors Industries OTC Stock Technical Analysis
Nabors Industries technical otc 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, otc market cycles, or different charting patterns.
Price Boundaries
Nabors Industries Period Price Range
Low | December 21, 2024
| High |
0.00 | 0.00 |
Nabors Industries cannot be verified against its exchange. Please verify the symbol is currently traded on OTCQB Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Nabors Industries December 21, 2024 Market Strength
Market strength indicators help investors to evaluate how Nabors Industries otc stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Nabors Industries shares will generate the highest return on investment. By undertsting and applying Nabors Industries otc stock market strength indicators, traders can identify Nabors Industries entry and exit signals to maximize returns
Nabors Industries Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Nabors Industries' price direction in advance. Along with the technical and fundamental analysis of Nabors OTC Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Nabors to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
Risk Adjusted Performance | (0.10) | |||
Jensen Alpha | (0.93) | |||
Total Risk Alpha | (1.08) | |||
Treynor Ratio | (0.65) |
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Complementary Tools for Nabors OTC 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.
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