Nabors Industries Stock Probability of Future Stock Price Finishing Over 74.23
| NBR Stock | USD 74.23 3.87 5.50% |
Closest to current price Nabors long CALL Option Payoff at Expiration
Nabors |
Nabors Industries Target Price Odds to finish over 74.23
The tendency of Nabors Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to move above the current price in 90 days |
| 74.23 | 90 days | 74.23 | more than 93.0 |
Based on a normal probability distribution, the odds of Nabors Industries to move above the current price in 90 days from now is more than 93.0 (This Nabors Industries probability density function shows the probability of Nabors Stock to fall within a particular range of prices over 90 days) .
Considering the 90-day investment horizon the stock has the beta coefficient of 2.38 . This indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Nabors Industries will likely underperform. Additionally Nabors Industries has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite. Nabors Industries Price Density |
| Price |
Predictive Modules for Nabors Industries
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Nabors Industries. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Nabors Industries' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Nabors Industries Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Nabors Industries is not an exception. The market had few large corrections towards the Nabors Industries' value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Nabors Industries, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Nabors Industries within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | -0.33 | |
β | Beta against NYSE Composite | 2.38 | |
σ | Overall volatility | 5.01 | |
Ir | Information ratio | -0.08 |
Nabors Industries Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Nabors Industries for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Nabors Industries can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Nabors Industries generated a negative expected return over the last 90 days | |
| Over 75.0% of the company shares are owned by institutional investors | |
| Latest headline from simplywall.st: We Like These Underlying Return On Capital Trends At Nabors Industries |
Nabors Industries Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Nabors Stock often depends not only on the future outlook of the current and potential Nabors Industries' investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Nabors Industries' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 9.2 M | |
| Cash And Short Term Investments | 1.1 B |
Nabors Industries Technical Analysis
Nabors Industries' future price can be derived by breaking down and analyzing its technical indicators over time. Nabors Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Nabors Industries. In general, you should focus on analyzing Nabors Stock price patterns and their correlations with different microeconomic environments and drivers.
Nabors Industries Predictive Forecast Models
Nabors Industries' time-series forecasting models is one of many Nabors Industries' stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Nabors Industries' historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Nabors Industries
Checking the ongoing alerts about Nabors Industries for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Nabors Industries help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Nabors Industries generated a negative expected return over the last 90 days | |
| Over 75.0% of the company shares are owned by institutional investors | |
| Latest headline from simplywall.st: We Like These Underlying Return On Capital Trends At Nabors Industries |
Check out Nabors Industries Backtesting, Nabors Industries Valuation, Nabors Industries Correlation, Nabors Industries Hype Analysis, Nabors Industries Volatility, Nabors Industries History as well as Nabors Industries Performance. To learn how to invest in Nabors Stock, please use our How to Invest in Nabors Industries guide.Note that the Nabors Industries information on this page should be used as a complementary analysis to other Nabors Industries' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
Complementary 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.
| Bollinger Bands Use Bollinger Bands indicator to analyze target price for a given investing horizon | |
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| Portfolio Suggestion Get suggestions outside of your existing asset allocation including your own model portfolios | |
| Aroon Oscillator Analyze current equity momentum using Aroon Oscillator and other momentum ratios | |
| Headlines Timeline Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity | |
| Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated | |
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| Portfolio Anywhere Track or share privately all of your investments from the convenience of any device | |
| Share Portfolio Track or share privately all of your investments from the convenience of any device |
Is Nabors Industries' industry 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 (14.42) | Revenue Per Share 323.098 | Quarterly Revenue Growth (0.06) | Return On Assets 0.0343 | Return On Equity (0.02) |
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.