Nabors Industries Stock Forecast - 20 Period Moving Average

NBR Stock  USD 87.96  3.24  3.82%   
The 20 Period Moving Average forecasted value of Nabors Industries on the next trading day is expected to be 85.75 with a mean absolute deviation of  3.08  and the sum of the absolute errors of 129.31. Nabors Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Nabors Industries stock prices and determine the direction of Nabors Industries's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Nabors Industries' historical fundamentals, such as revenue growth or operating cash flow patterns. Although Nabors Industries' naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Nabors Industries' systematic risk associated with finding meaningful patterns of Nabors Industries fundamentals over time.
Check out Historical Fundamental Analysis of Nabors Industries to cross-verify your projections.
To learn how to invest in Nabors Stock, please use our How to Invest in Nabors Industries guide.
  
At this time, Nabors Industries' Inventory Turnover is relatively stable compared to the past year. As of 03/28/2024, Payables Turnover is likely to grow to 9.34, while Fixed Asset Turnover is likely to drop 1.02. . As of 03/28/2024, Common Stock Shares Outstanding is likely to drop to about 5.4 M. In addition to that, Net Loss is likely to grow to about (299.5 M).

Open Interest Against 2024-04-19 Nabors Option Contracts

Although open interest is a measure utilized in the options markets, it could be used to forecast Nabors Industries' spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in Nabors Industries' options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Nabors Industries stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current Nabors Industries' open interest, investors have to compare it to Nabors Industries' spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of Nabors Industries is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in Nabors. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
Most investors in Nabors Industries cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the Nabors Industries' time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Nabors Industries' price structures and extracts relationships that further increase the generated results' accuracy.
A commonly used 20-period moving average forecast model for Nabors Industries is based on a synthetically constructed Nabors Industriesdaily price series in which the value for a trading day is replaced by the mean of that value and the values for 20 of preceding and succeeding time periods. This model is best suited for price series data that changes over time.

Nabors Industries 20 Period Moving Average Price Forecast For the 29th of March

Given 90 days horizon, the 20 Period Moving Average forecasted value of Nabors Industries on the next trading day is expected to be 85.75 with a mean absolute deviation of 3.08, mean absolute percentage error of 14.00, and the sum of the absolute errors of 129.31.
Please note that although there have been many attempts to predict Nabors Stock prices using its time series forecasting, we generally do not recommend using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that Nabors Industries' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Nabors Industries Stock Forecast Pattern

Backtest Nabors IndustriesNabors Industries Price PredictionBuy or Sell Advice 

Nabors Industries Forecasted Value

In the context of forecasting Nabors Industries' Stock value on the next trading day, we examine the predictive performance of the model to find good statistically significant boundaries of downside and upside scenarios. Nabors Industries' downside and upside margins for the forecasting period are 82.99 and 88.51, respectively. We have considered Nabors Industries' daily market price to evaluate the above model's predictive performance. Remember, however, there is no scientific proof or empirical evidence that traditional linear or nonlinear forecasting models outperform artificial intelligence and frequency domain models to provide accurate forecasts consistently.
Market Value
87.96
85.75
Expected Value
88.51
Upside

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the 20 Period Moving Average forecasting method's relative quality and the estimations of the prediction error of Nabors Industries stock data series using in forecasting. Note that when a statistical model is used to represent Nabors Industries stock, the representation will rarely be exact; so some information will be lost using the model to explain the process. AIC estimates the relative amount of information lost by a given model: the less information a model loses, the higher its quality.
AICAkaike Information Criteria85.8298
BiasArithmetic mean of the errors -1.6912
MADMean absolute deviation3.0788
MAPEMean absolute percentage error0.0365
SAESum of the absolute errors129.311
The eieght-period moving average method has an advantage over other forecasting models in that it does smooth out peaks and valleys in a set of daily observations. Nabors Industries 20-period moving average forecast can only be used reliably to predict one or two periods into the future.

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.
Hype
Prediction
LowEstimatedHigh
85.0987.8590.61
Details
Intrinsic
Valuation
LowRealHigh
79.16113.28116.04
Details
10 Analysts
Consensus
LowTargetHigh
128.82141.56157.13
Details
Earnings
Estimates (0)
LowProjected EPSHigh
-2.95-1.49-0.25
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Nabors Industries. Your research has to be compared to or analyzed against Nabors Industries' peers to derive any actionable benefits. When done correctly, Nabors Industries' competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Nabors Industries.

Other Forecasting Options for Nabors Industries

For every potential investor in Nabors, whether a beginner or expert, Nabors Industries' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Nabors Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Nabors. Basic forecasting techniques help filter out the noise by identifying Nabors Industries' price trends.

Nabors Industries Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Nabors Industries stock to make a market-neutral strategy. Peer analysis of Nabors Industries could also be used in its relative valuation, which is a method of valuing Nabors Industries by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

Nabors Industries Technical and Predictive Analytics

The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Nabors Industries' price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Nabors Industries' current price.

Nabors Industries Market Strength Events

Market strength indicators help investors to evaluate how Nabors Industries stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Nabors Industries shares will generate the highest return on investment. By undertsting and applying Nabors Industries stock market strength indicators, traders can identify Nabors Industries entry and exit signals to maximize returns.

Nabors Industries Risk Indicators

The analysis of Nabors Industries' basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Nabors Industries' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting nabors stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.

Nabors Industries Investors Sentiment

The influence of Nabors Industries' investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Nabors. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Nabors Industries' public news can be used to forecast risks associated with an investment in Nabors. The trend in average sentiment can be used to explain how an investor holding Nabors can time the market purely based on public headlines and social activities around Nabors Industries. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Nabors Industries' market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Nabors Industries' and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Nabors Industries' news discussions. The higher the estimated score, the more favorable is the investor's outlook on Nabors Industries.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Nabors Industries in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Nabors Industries' short interest history, or implied volatility extrapolated from Nabors Industries options trading.

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When determining whether Nabors Industries is a strong investment it is important to analyze Nabors Industries' 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 Nabors Industries' future performance. For an informed investment choice regarding Nabors Stock, refer to the following important reports:
Check out Historical Fundamental Analysis of Nabors Industries to cross-verify your projections.
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 Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.

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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.
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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
(5.49)
Revenue Per Share
328.2
Quarterly Revenue Growth
(0.04)
Return On Assets
0.0337
Return On Equity
0.04
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.