Novatek Competitors

NOVKY -  USA Stock  

USD 280.00  10.00  3.70%

Novatek Jt Stk competes with Eog Resources, ConocoPhillips, Pioneer Natural, Mitsui Company, and Canadian Natural; as well as few others. The company classifies itself under Energy sector and is part of Oil & Gas E&P industry. Analyzing Novatek Jt competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of Novatek Jt to its intrinsic valuation because they are able to contrast its competitors on a relative basis.
You can use the Comparative Equity Analysis module to analyze the advantages of investing in your portfolio's related equities across multiple sectors and thematic ideas. Please use the input box below to enter symbols for particular investments you would like to analyze. With the equity comparison module, you can estimate the relative effect of Novatek Jt competition on your existing holdings. Additionally, see Novatek Jt Correlation with its peers.

Novatek Competition 

 
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Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Novatek Jt's 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. Please use the tools below to analyze the current value of Novatek Jt in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
277.35280.00282.65
Details
Intrinsic
Valuation
LowReal ValueHigh
252.00324.80327.45
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Novatek Jt. Your research has to be compared to or analyzed against Novatek Jt's peers to derive any actionable benefits. When done correctly, Novatek Jt's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Novatek Jt Stk.

Novatek Jt Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Novatek Jt and its competitors represents the degree of relationship between the price movements of corresponding stocks. A correlation of about +1.0 implies that the price of Novatek and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Novatek Jt Stk does not affect the price movement of the other competitor.
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Novatek Jt Competition Risk-Adjusted Indicators

Nowadays, there is a big difference between Novatek Jt stock performing well and Novatek Jt company doing well compared to the competition. There are way too many exceptions to the normal that investors can tell for sure what's good or bad unless they analyze Novatek Jt's multiple risk-adjusted performance indicators. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

Novatek Jt Competitive Analysis

The better you understand Novatek Jt competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Novatek Jt's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Novatek Jt's competition over several years is one of the best ways to analyze its investment potential.
    
 Better Than Average     
    
 Worse Than Peers    View Performance Chart
NOV
EOG
COP
PXD
MIT
CNQ
 3.70 
 280.00 
Novatek
 1.05 
 89.62 
Eog Resources
 0.39 
 74.14 
ConocoPhillips
 0.61 
 190.09 
Pioneer
 0.29 
 456.33 
Mitsui
 1.71 
 42.35 
Canadian
Market Volatility
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(90 Days Stock Performance)
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Novatek Jt Competition Performance Charts

Complement your Novatek Jt position

In addition to having Novatek Jt in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

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Manufacturing
Manufacturing Theme
Companies that provide goods across residential, commercial and industrial construction such as machinery, tools, or lumber production. Manufacturing theme has 20 constituents.
View All  Next Launch Manufacturing
Additionally, see Novatek Jt Correlation with its peers. Note that the Novatek Jt Stk information on this page should be used as a complementary analysis to other Novatek Jt's 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 Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.

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When running Novatek Jt Stk price analysis, check to measure Novatek Jt'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 Novatek Jt is operating at the current time. Most of Novatek Jt's value examination focuses on studying past and present price action to predict the probability of Novatek Jt's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Novatek Jt's price. Additionally, you may evaluate how the addition of Novatek Jt to your portfolios can decrease your overall portfolio volatility.
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The market value of Novatek Jt Stk is measured differently than its book value, which is the value of Novatek that is recorded on the company's balance sheet. Investors also form their own opinion of Novatek Jt's value that differs from its market value or its book value, called intrinsic value, which is Novatek Jt's 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 Novatek Jt's market value can be influenced by many factors that don't directly affect Novatek Jt Stk underlying business (such as pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Novatek Jt's value and its price as these two are different measures arrived at by different means. Investors typically determine Novatek Jt value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Novatek Jt'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.