NABORS INDS LTD Market Value
| 629571AB6 | 87.82 4.68 5.06% |
| Symbol | NABORS |
NABORS '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's bond 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.
| 12/19/2024 |
| 03/19/2025 |
If you would invest 0.00 in NABORS on December 19, 2024 and sell it all today you would earn a total of 0.00 from holding NABORS INDS LTD or generate 0.0% return on investment in NABORS over 90 days. NABORS is related to or competes with 00108WAF7, Bayer AG, Sailfish Royalty, GoGold Resources, Mediwound, and Telecom Italia. More
NABORS 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's bond 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 INDS LTD upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 8.97 | |||
| Value At Risk | (1.28) | |||
| Potential Upside | 1.37 |
NABORS Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NABORS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NABORS's standard deviation. In reality, there are many statistical measures that can use NABORS historical prices to predict the future NABORS's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | 0.0601 | |||
| Treynor Ratio | 1.53 |
NABORS INDS LTD Backtested Returns
NABORS INDS LTD retains Efficiency (Sharpe Ratio) of -0.0597, which conveys that the bond had a -0.0597 % return per unit of risk over the last 3 months. NABORS exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify NABORS's Mean Deviation of 0.7855, coefficient of variation of (1,462), and Market Risk Adjusted Performance of 1.54 to check out the risk estimate we provide. The entity owns a Beta (Systematic Risk) of -0.0818, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning NABORS are expected to decrease at a much lower rate. During the bear market, NABORS is likely to outperform the market.
Auto-correlation | -0.48 |
Modest reverse predictability
NABORS INDS LTD has modest reverse predictability. Overlapping area represents the amount of predictability between NABORS time series from 19th of December 2024 to 2nd of February 2025 and 2nd of February 2025 to 19th 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 NABORS INDS LTD price movement. The serial correlation of -0.48 indicates that about 48.0% of current NABORS price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.48 | |
| Spearman Rank Test | -0.71 | |
| Residual Average | 0.0 | |
| Price Variance | 3.51 |
NABORS INDS LTD lagged returns against current returns
Autocorrelation, which is NABORS bond'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's bond expected returns. We can calculate the autocorrelation of NABORS returns to help us make a trade decision. For example, suppose you find that NABORS has exhibited high autocorrelation historically, and you observe that the bond 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 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 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NABORS bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NABORS bond over time.
Current vs Lagged Prices |
| Timeline |
NABORS Lagged Returns
When evaluating NABORS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NABORS bond have on its future price. NABORS 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 autocorrelation shows the relationship between NABORS bond current value and its past values and can show if there is a momentum factor associated with investing in NABORS INDS LTD.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in NABORS Bond
NABORS financial ratios help investors to determine whether NABORS Bond is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in NABORS with respect to the benefits of owning NABORS security.