Noble Corp PLC Shares Down 3.61 percent on Dec 6 - GuruFocus.com

About 67% of NOBLE P's investor base is looking to short. The analysis of overall sentiment of trading NOBLE P PLC stock suggests that many investors are alarmed at this time. The current market sentiment, together with NOBLE P's historical and current headlines, can help investors time the market. In addition, many technical investors use NOBLE P PLC stock news signals to limit their universe of possible portfolio assets.
  
Noble Corp PLC Shares Down 3.61 percent on Dec 6 GuruFocus.com

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NOBLE P PLC Potential Pair-trading

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with NOBLE P stock to make a market-neutral strategy. Peer analysis of NOBLE P could also be used in its relative valuation, which is a method of valuing NOBLE P by comparing valuation metrics with similar companies.

Peers

NOBLE P Related Equities

NBRNabors Industries   5.38   
0%
100.0%
BORRBorr Drilling   4.84   
0%
89.0%
NENoble Plc   3.29   
0%
61.0%
PDSPrecision Drilling   2.81   
0%
52.0%
RIGTransocean   2.46   
0%
45.0%
HPHelmerich   1.97   
0%
36.0%
PTENPatterson UTI   1.85   
0%
34.0%
SDRLSeadrill   1.51   
0%
28.0%
EEni SPA   0.59   
0%
10.0%
SOCSable Offshore   3.78   
70.0%
0%
Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing.
You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.

Other Tools for NOBLE Stock

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