NOV (Germany) Price on February 24, 2023

NO8 Stock  EUR 13.70  0.29  2.07%   
If you're considering investing in NOV Stock, it is important to understand the factors that can impact its price. As of today, the current price of NOV stands at 13.70, as last reported on the 20th of December, with the highest price reaching 13.70 and the lowest price hitting 13.70 during the day. NOV Inc has Sharpe Ratio of -0.0777, which conveys that the firm had a -0.0777% return per unit of standard deviation over the last 3 months. NOV exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify NOV's Market Risk Adjusted Performance of (0.08), mean deviation of 1.41, and Risk Adjusted Performance of (0.02) to check out the risk estimate we provide.
  
NOV Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.0777

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Estimated Market Risk

 1.89
  actual daily
16
84% of assets are more volatile

Expected Return

 -0.15
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.08
  actual daily
0
Most of other assets perform better
Based on monthly moving average NOV 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 NOV by adding NOV to a well-diversified portfolio.

NOV Valuation on February 24, 2023

It is possible to determine the worth of NOV on a given historical date. On February 24, 2023 NOV was worth 19.8 at the beginning of the trading date compared to the closed value of 19.8. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of NOV stock. Still, in general, we apply an absolute valuation method to find NOV'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 NOV where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against NOV's related companies.
 Open High Low Close Volume
  19.12    19.12    19.12    19.12    1.00  
02/24/2023
  19.80    19.80    19.80    19.80    1.00  
  19.61    19.61    19.61    19.61    1.00  
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Open Value
19.8
19.8
Closing Value
25.47
Upside

NOV Trading Date Momentum on February 24, 2023

On February 27 2023 NOV Inc was traded for  19.61  at the closing time. The highest daily price throughout the period was 19.61  and the lowest price was  19.61 . There was no trading activity during the period 1.0. Lack of trading volume on 02/27/2023 added to the next day price reduction. The trading delta at closing time to closing price of the next trading day was 0.96% . The trading delta at closing time to current closing price is 4.90% .

NOV Inc Fundamentals Correlations and Trends

By evaluating NOV'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 NOV's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. NOV financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About NOV Stock history

NOV 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 NOV is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in NOV Inc 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 NOV stock prices may prove useful in developing a viable investing in NOV
National Oilwell Varco, Inc. designs, manufactures, and sells systems, components, and products for oil and gas drilling and production worldwide. The company was founded in 1862 and is based in Houston, Texas. National Oilwell operates under Oil Gas Equipment Services classification in Germany and is traded on Frankfurt Stock Exchange. It employs 34220 people.

NOV Stock Technical Analysis

NOV 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.
A focus of NOV technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of NOV trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

NOV Period Price Range

Low
December 20, 2024
0.00  NaN%
High

 0.00 

     

 0.00 

NOV Inc cannot be verified against its exchange. Please verify the symbol is currently traded on Frankfurt 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.

NOV December 20, 2024 Market Strength

Market strength indicators help investors to evaluate how NOV stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading NOV shares will generate the highest return on investment. By undertsting and applying NOV stock market strength indicators, traders can identify NOV Inc entry and exit signals to maximize returns

NOV Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for NOV's price direction in advance. Along with the technical and fundamental analysis of NOV Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of NOV 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.

Complementary Tools for NOV Stock analysis

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