NOV (Germany) Market Value

NO8 Stock  EUR 12.89  0.07  0.55%   
NOV's market value is the price at which a share of NOV trades on a public exchange. It measures the collective expectations of NOV Inc investors about its performance. NOV is trading at 12.89 as of the 15th of March 2025. This is a 0.55 percent increase since the beginning of the trading day. The stock's lowest day price was 12.89.
With this module, you can estimate the performance of a buy and hold strategy of NOV Inc and determine expected loss or profit from investing in NOV over a given investment horizon. Check out NOV Correlation, NOV Volatility and NOV Alpha and Beta module to complement your research on NOV.
Symbol

Please note, there is a significant difference between NOV's value and its price as these two are different measures arrived at by different means. Investors typically determine if NOV is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NOV's 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.

NOV '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 NOV's 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 NOV.
0.00
12/15/2024
No Change 0.00  0.0 
In 2 months and 31 days
03/15/2025
0.00
If you would invest  0.00  in NOV on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding NOV Inc or generate 0.0% return on investment in NOV over 90 days. NOV is related to or competes with ADRIATIC METALS, American Airlines, GREENX METALS, ARDAGH METAL, DISTRICT METALS, and Stag Industrial. National Oilwell Varco, Inc. designs, manufactures, and sells systems, components, and products for oil and gas drilling... More

NOV 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 NOV's 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 NOV Inc upside and downside potential and time the market with a certain degree of confidence.

NOV Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for NOV's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NOV's standard deviation. In reality, there are many statistical measures that can use NOV historical prices to predict the future NOV's volatility.
Hype
Prediction
LowEstimatedHigh
10.3612.8915.42
Details
Intrinsic
Valuation
LowRealHigh
10.0912.6215.15
Details

NOV Inc Backtested Returns

NOV Inc has Sharpe Ratio of -0.0449, which conveys that the firm had a -0.0449 % 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 Risk Adjusted Performance of (0.07), market risk adjusted performance of (1.31), and Mean Deviation of 1.69 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.17, which conveys not very significant fluctuations relative to the market. As returns on the market increase, NOV's returns are expected to increase less than the market. However, during the bear market, the loss of holding NOV is expected to be smaller as well. At this point, NOV Inc has a negative expected return of -0.11%. Please make sure to verify NOV's potential upside, kurtosis, rate of daily change, as well as the relationship between the skewness and daily balance of power , to decide if NOV Inc performance from the past will be repeated at some future point.

Auto-correlation

    
  0.02  

Virtually no predictability

NOV Inc has virtually no predictability. Overlapping area represents the amount of predictability between NOV time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of NOV Inc price movement. The serial correlation of 0.02 indicates that only 2.0% of current NOV price fluctuation can be explain by its past prices.
Correlation Coefficient0.02
Spearman Rank Test0.06
Residual Average0.0
Price Variance0.54

NOV Inc lagged returns against current returns

Autocorrelation, which is NOV 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 NOV's stock expected returns. We can calculate the autocorrelation of NOV returns to help us make a trade decision. For example, suppose you find that NOV 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  

NOV 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 NOV stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NOV stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NOV stock over time.
   Current vs Lagged Prices   
       Timeline  

NOV Lagged Returns

When evaluating NOV's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NOV stock have on its future price. NOV 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, NOV autocorrelation shows the relationship between NOV stock current value and its past values and can show if there is a momentum factor associated with investing in NOV Inc.
   Regressed Prices   
       Timeline  

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Additional Information and Resources on Investing in NOV Stock

When determining whether NOV Inc is a strong investment it is important to analyze NOV's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact NOV's future performance. For an informed investment choice regarding NOV Stock, refer to the following important reports:
Check out NOV Correlation, NOV Volatility and NOV Alpha and Beta module to complement your research on NOV.
You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
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...