Natural Gas Services Stock Market Value
| NGS Stock | USD 27.92 0.16 0.58% |
| Symbol | Natural |
Natural Gas Services Price To Book Ratio
Is Oil & Gas 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 Natural Gas. If investors know Natural 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 Natural Gas listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 7.5 | Earnings Share 1.28 | Revenue Per Share 11.545 | Quarterly Revenue Growth 0.428 | Return On Assets 0.0418 |
The market value of Natural Gas Services is measured differently than its book value, which is the value of Natural that is recorded on the company's balance sheet. Investors also form their own opinion of Natural Gas' value that differs from its market value or its book value, called intrinsic value, which is Natural Gas' 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 Natural Gas' market value can be influenced by many factors that don't directly affect Natural Gas' 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 Natural Gas' value and its price as these two are different measures arrived at by different means. Investors typically determine if Natural Gas is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Natural Gas' 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.
Natural Gas '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 Natural Gas' 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 Natural Gas.
| 09/09/2023 |
| 12/02/2024 |
If you would invest 0.00 in Natural Gas on September 9, 2023 and sell it all today you would earn a total of 0.00 from holding Natural Gas Services or generate 0.0% return on investment in Natural Gas over 450 days. Natural Gas is related to or competes with Newpark Resources, RPC, Oil States, TechnipFMC PLC, Ranger Energy, Bristow, and NOV. Natural Gas Services Group, Inc. provides natural gas compression services and equipment to the energy industry in the U... More
Natural Gas 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 Natural Gas' 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 Natural Gas Services upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.33 | |||
| Information Ratio | 0.1052 | |||
| Maximum Drawdown | 14.29 | |||
| Value At Risk | (3.04) | |||
| Potential Upside | 4.13 |
Natural Gas Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Natural Gas' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Natural Gas' standard deviation. In reality, there are many statistical measures that can use Natural Gas historical prices to predict the future Natural Gas' volatility.| Risk Adjusted Performance | 0.1245 | |||
| Jensen Alpha | 0.1972 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | 0.1295 | |||
| Treynor Ratio | 0.2362 |
Natural Gas Services Backtested Returns
Natural Gas appears to be not too volatile, given 3 months investment horizon. Natural Gas Services has Sharpe Ratio of 0.19, which conveys that the firm had a 0.19% return per unit of risk over the last 3 months. By analyzing Natural Gas' technical indicators, you can evaluate if the expected return of 0.53% is justified by implied risk. Please exercise Natural Gas' Risk Adjusted Performance of 0.1245, downside deviation of 2.33, and Mean Deviation of 2.16 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Natural Gas holds a performance score of 15. The company secures a Beta (Market Risk) of 1.82, 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, Natural Gas will likely underperform. Please check Natural Gas' potential upside, as well as the relationship between the kurtosis and day typical price , to make a quick decision on whether Natural Gas' current price movements will revert.
Auto-correlation | 0.46 |
Average predictability
Natural Gas Services has average predictability. Overlapping area represents the amount of predictability between Natural Gas time series from 9th of September 2023 to 21st of April 2024 and 21st of April 2024 to 2nd 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 Natural Gas Services price movement. The serial correlation of 0.46 indicates that about 46.0% of current Natural Gas price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.46 | |
| Spearman Rank Test | -0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 4.74 |
Natural Gas Services lagged returns against current returns
Autocorrelation, which is Natural Gas 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 Natural Gas' stock expected returns. We can calculate the autocorrelation of Natural Gas returns to help us make a trade decision. For example, suppose you find that Natural Gas 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 |
Natural Gas 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 Natural Gas stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Natural Gas stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Natural Gas stock over time.
Current vs Lagged Prices |
| Timeline |
Natural Gas Lagged Returns
When evaluating Natural Gas' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Natural Gas stock have on its future price. Natural Gas 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, Natural Gas autocorrelation shows the relationship between Natural Gas stock current value and its past values and can show if there is a momentum factor associated with investing in Natural Gas Services.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Natural Stock Analysis
When running Natural Gas' price analysis, check to measure Natural Gas' 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 Natural Gas is operating at the current time. Most of Natural Gas' value examination focuses on studying past and present price action to predict the probability of Natural Gas' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Natural Gas' price. Additionally, you may evaluate how the addition of Natural Gas to your portfolios can decrease your overall portfolio volatility.