Nine Energy Service Stock Price on October 23, 2024
| NINE Stock | USD 1.68 0.07 4.00% |
If you're considering investing in Nine Stock, it is important to understand the factors that can impact its price. As of today, the current price of Nine Energy stands at 1.68, as last reported on the 3rd of December, with the highest price reaching 1.85 and the lowest price hitting 1.67 during the day. Nine Energy appears to be abnormally volatile, given 3 months investment horizon. Nine Energy Service has Sharpe Ratio of 0.12, which conveys that the firm had a 0.12% return per unit of risk over the last 3 months. By analyzing Nine Energy's technical indicators, you can evaluate if the expected return of 0.86% is justified by implied risk. Please exercise Nine Energy's Mean Deviation of 5.06, risk adjusted performance of 0.0997, and Downside Deviation of 5.48 to check out if our risk estimates are consistent with your expectations.
Nine Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Nine |
Sharpe Ratio = 0.1188
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | NINE | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 7.23 actual daily | 64 64% of assets are less volatile |
Expected Return
| 0.86 actual daily | 17 83% of assets have higher returns |
Risk-Adjusted Return
| 0.12 actual daily | 9 91% of assets perform better |
Based on monthly moving average Nine Energy is performing at about 9% 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 Nine Energy by adding it to a well-diversified portfolio.
Related Headline
ChampionX Headline on 23rd of October 2024
ChampionX Non-GAAP EPS of 0.44 misses by 0.07, revenue of 90... by seekingalpha.com
ChampionX reports Q3 2024 results with Non-GAAP EPS missing by 0.07 and revenue missing by 46.57M.
Nine Energy Valuation on October 23, 2024
It is possible to determine the worth of Nine Energy on a given historical date. On October 23, 2024 Nine was worth 1.02 at the beginning of the trading date compared to the closed value of 1.03. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Nine Energy stock. Still, in general, we apply an absolute valuation method to find Nine Energy's 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 Nine Energy where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Nine Energy's related companies.
| Open | High | Low | Close | Volume | |
| 1.05 | 1.06 | 1.03 | 1.04 | 303,212 | |
10/23/2024 | 1.02 | 1.06 | 1.02 | 1.03 | 136,258 |
| 1.02 | 1.07 | 1.00 | 1.02 | 460,935 |
| Backtest Nine Energy | | | Nine Energy History | | | Nine Energy Valuation | Previous | Next |
Nine Energy Trading Date Momentum on October 23, 2024
| On October 24 2024 Nine Energy Service was traded for 1.02 at the closing time. The top price for the day was 1.07 and the lowest listed price was 1.00 . The trading volume for the day was 460.9 K. The trading history from October 24, 2024 was a factor to the next trading day price decrease. The trading delta at closing time against the next closing price was 0.97% . The trading delta at closing time against the current closing price is 0.97% . |
Nine Energy Service Fundamentals Correlations and Trends
By evaluating Nine Energy's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Nine Energy's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Nine financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Nine Energy Stock history
Nine Energy 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 Nine is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Nine Energy Service 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 Nine Energy stock prices may prove useful in developing a viable investing in Nine Energy
Nine Energy Service, Inc. operates as an onshore completion services provider that targets unconventional oil and gas resource development across North American basins and internationally. Nine Energy Service, Inc. was incorporated in 2011 and is headquartered in Houston, Texas. Nine Energy operates under Oil Gas Equipment Services classification in the United States and is traded on New York Stock Exchange. It employs 944 people.
Nine Energy Stock Technical Analysis
Nine Energy technical 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, stock market cycles, or different charting patterns.
Price Boundaries
Nine Energy Period Price Range
Low | December 3, 2024
| High |
0.00 | 0.00 |
Nine Energy Service cannot be verified against its exchange. Please verify the symbol is currently traded on New York Stock 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.
Nine Energy December 3, 2024 Market Strength
Market strength indicators help investors to evaluate how Nine Energy stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Nine Energy shares will generate the highest return on investment. By undertsting and applying Nine Energy stock market strength indicators, traders can identify Nine Energy Service entry and exit signals to maximize returns
Nine Energy Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Nine Energy's price direction in advance. Along with the technical and fundamental analysis of Nine Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Nine 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 | 0.0997 | |||
| Jensen Alpha | 0.4371 | |||
| Total Risk Alpha | (0.23) | |||
| Sortino Ratio | 0.1342 | |||
| Treynor Ratio | 0.2354 |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Complementary Tools for Nine Stock analysis
When running Nine Energy's price analysis, check to measure Nine Energy'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 Nine Energy is operating at the current time. Most of Nine Energy's value examination focuses on studying past and present price action to predict the probability of Nine Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nine Energy's price. Additionally, you may evaluate how the addition of Nine Energy to your portfolios can decrease your overall portfolio volatility.
| Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings | |
| ETFs Find actively traded Exchange Traded Funds (ETF) from around the world | |
| Bollinger Bands Use Bollinger Bands indicator to analyze target price for a given investing horizon | |
| Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated | |
| Competition Analyzer Analyze and compare many basic indicators for a group of related or unrelated entities | |
| Global Correlations Find global opportunities by holding instruments from different markets | |
| Portfolio Anywhere Track or share privately all of your investments from the convenience of any device | |
| Performance Analysis Check effects of mean-variance optimization against your current asset allocation | |
| Theme Ratings Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance |