Nabors Industries Stock Market Value

NBR Stock  USD 72.56  0.87  1.18%   
Nabors Industries' market value is the price at which a share of Nabors Industries trades on a public exchange. It measures the collective expectations of Nabors Industries investors about its performance. Nabors Industries is selling at 72.56 as of the 3rd of December 2024; that is 1.18 percent decrease since the beginning of the trading day. The stock's lowest day price was 71.72.
With this module, you can estimate the performance of a buy and hold strategy of Nabors Industries and determine expected loss or profit from investing in Nabors Industries over a given investment horizon. Check out Nabors Industries Correlation, Nabors Industries Volatility and Nabors Industries Alpha and Beta module to complement your research on Nabors Industries.
To learn how to invest in Nabors Stock, please use our How to Invest in Nabors Industries guide.
Symbol

Nabors Industries Price To Book Ratio

Is Energy Equipment & Services space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Nabors Industries. If investors know Nabors will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Nabors Industries listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(23.97)
Revenue Per Share
318.67
Quarterly Revenue Growth
(0)
Return On Assets
0.034
Return On Equity
(0.04)
The market value of Nabors Industries is measured differently than its book value, which is the value of Nabors that is recorded on the company's balance sheet. Investors also form their own opinion of Nabors Industries' value that differs from its market value or its book value, called intrinsic value, which is Nabors Industries' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Nabors Industries' market value can be influenced by many factors that don't directly affect Nabors Industries' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Nabors Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine if Nabors Industries is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nabors Industries' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Nabors Industries 'What if' Analysis

In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Nabors Industries' stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Nabors Industries.
0.00
11/03/2024
No Change 0.00  0.0 
In 31 days
12/03/2024
0.00
If you would invest  0.00  in Nabors Industries on November 3, 2024 and sell it all today you would earn a total of 0.00 from holding Nabors Industries or generate 0.0% return on investment in Nabors Industries over 30 days. Nabors Industries is related to or competes with Precision Drilling, Sable Offshore, Patterson UTI, Seadrill, Borr Drilling, and Valaris. Nabors Industries Ltd. provides drilling and drilling-related services for land-based and offshore oil and natural gas w... More

Nabors Industries Upside/Downside Indicators

Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Nabors Industries' stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Nabors Industries upside and downside potential and time the market with a certain degree of confidence.

Nabors Industries Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Nabors Industries' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nabors Industries' standard deviation. In reality, there are many statistical measures that can use Nabors Industries historical prices to predict the future Nabors Industries' volatility.
Hype
Prediction
LowEstimatedHigh
69.1972.8476.49
Details
Intrinsic
Valuation
LowRealHigh
65.3089.1292.77
Details
Naive
Forecast
LowNextHigh
65.3769.0172.66
Details
10 Analysts
Consensus
LowTargetHigh
128.82141.56157.13
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Nabors Industries. Your research has to be compared to or analyzed against Nabors Industries' peers to derive any actionable benefits. When done correctly, Nabors Industries' competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Nabors Industries.

Nabors Industries Backtested Returns

Currently, Nabors Industries is very steady. Nabors Industries has Sharpe Ratio of 0.049, which conveys that the firm had a 0.049% return per unit of risk over the last 3 months. We have found twenty-four technical indicators for Nabors Industries, which you can use to evaluate the volatility of the firm. Please verify Nabors Industries' Risk Adjusted Performance of (0.01), mean deviation of 3.09, and Standard Deviation of 3.77 to check out if the risk estimate we provide is consistent with the expected return of 0.18%. Nabors Industries has a performance score of 3 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 1.2, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Nabors Industries will likely underperform. Nabors Industries right now secures a risk of 3.65%. Please verify Nabors Industries treynor ratio, as well as the relationship between the kurtosis and day typical price , to decide if Nabors Industries will be following its current price movements.

Auto-correlation

    
  0.55  

Modest predictability

Nabors Industries has modest predictability. Overlapping area represents the amount of predictability between Nabors Industries time series from 3rd of November 2024 to 18th of November 2024 and 18th of November 2024 to 3rd of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Nabors Industries price movement. The serial correlation of 0.55 indicates that about 55.0% of current Nabors Industries price fluctuation can be explain by its past prices.
Correlation Coefficient0.55
Spearman Rank Test-0.54
Residual Average0.0
Price Variance2.2

Nabors Industries lagged returns against current returns

Autocorrelation, which is Nabors Industries stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Nabors Industries' stock expected returns. We can calculate the autocorrelation of Nabors Industries returns to help us make a trade decision. For example, suppose you find that Nabors Industries has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
   Current and Lagged Values   
       Timeline  

Nabors Industries regressed lagged prices vs. current prices

Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Nabors Industries stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nabors Industries stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nabors Industries stock over time.
   Current vs Lagged Prices   
       Timeline  

Nabors Industries Lagged Returns

When evaluating Nabors Industries' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nabors Industries stock have on its future price. Nabors Industries autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Nabors Industries autocorrelation shows the relationship between Nabors Industries stock current value and its past values and can show if there is a momentum factor associated with investing in Nabors Industries.
   Regressed Prices   
       Timeline  

Pair Trading with Nabors Industries

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Nabors Industries position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Nabors Industries will appreciate offsetting losses from the drop in the long position's value.

Moving together with Nabors Stock

  0.89HP Helmerich and PaynePairCorr

Moving against Nabors Stock

  0.48EC Ecopetrol SA ADRPairCorr
  0.42ICDI Independence ContractPairCorr
  0.38BORR Borr DrillingPairCorr
The ability to find closely correlated positions to Nabors Industries could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Nabors Industries when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Nabors Industries - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Nabors Industries to buy it.
The correlation of Nabors Industries is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Nabors Industries moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nabors Industries moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Nabors Industries can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Additional Tools for Nabors 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.