NOV Total Liab from 2010 to 2024
| NOV Stock | USD 17.75 1.07 5.69% |
Total Liabilities | First Reported 1996-09-30 | Previous Quarter 5.1 B | Current Value 5 B | Quarterly Volatility 3.8 B |
Check NOV financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among NOV's main balance sheet or income statement drivers, such as Depreciation And Amortization of 359.8 M, Interest Expense of 46.8 M or Total Revenue of 8.8 B, as well as many indicators such as Price To Sales Ratio of 1.49, Dividend Yield of 0.0151 or PTB Ratio of 2.1. NOV financial statements analysis is a perfect complement when working with NOV Valuation or Volatility modules.
NOV | Total Liab |
Latest NOV's Total Liab Growth Pattern
Below is the plot of the Total Liab of NOV Inc over the last few years. It is the total amount of all liabilities that a company has, including both short-term and long-term liabilities. NOV's Total Liabilities historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in NOV's overall financial position and show how it may be relating to other accounts over time.
| Total Liab | 10 Years Trend |
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Total Liab |
| Timeline |
NOV Total Liab Regression Statistics
| Arithmetic Mean | 6,909,945,802 | |
| Geometric Mean | 5,361,720,617 | |
| Coefficient Of Variation | 49.77 | |
| Mean Deviation | 2,683,910,025 | |
| Median | 5,907,000,000 | |
| Standard Deviation | 3,439,362,225 | |
| Sample Variance | 11829212.5T | |
| Range | 12.6B | |
| R-Value | (0.36) | |
| Mean Square Error | 11088951.6T | |
| R-Squared | 0.13 | |
| Significance | 0.19 | |
| Slope | (276,796,753) | |
| Total Sum of Squares | 165608975.2T |
NOV Total Liab History
About NOV Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include NOV income statement, its balance sheet, and the statement of cash flows. NOV investors use historical funamental indicators, such as NOV's Total Liab, to determine how well the company is positioned to perform in the future. Although NOV investors may use each financial statement separately, they are all related. The changes in NOV's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on NOV's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on NOV Financial Statements. Understanding these patterns can help to make the right decision on long term investment in NOV. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Total Liabilities | 5.1 B | 5.5 B |
Pair Trading with NOV
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 NOV 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 NOV will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to NOV could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NOV 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 NOV - 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 NOV Inc to buy it.
The correlation of NOV 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 NOV moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if NOV Inc 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 NOV 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.Additional Tools for NOV Stock Analysis
When running NOV's price analysis, check to measure NOV'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 NOV is operating at the current time. Most of NOV's value examination focuses on studying past and present price action to predict the probability of NOV's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NOV's price. Additionally, you may evaluate how the addition of NOV to your portfolios can decrease your overall portfolio volatility.