Nabors Industries Stock Forecast - Double Exponential Smoothing
| NBR Stock | USD 80.13 0.52 0.64% |
The Double Exponential Smoothing forecasted value of Nabors Industries on the next trading day is expected to be 80.00 with a mean absolute deviation of 1.85 and the sum of the absolute errors of 110.99. 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. Nabors |
Open Interest Against 2024-05-17 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.
Double exponential smoothing - also known as Holt exponential smoothing is a refinement of the popular simple exponential smoothing model with an additional trending component. Double exponential smoothing model for Nabors Industries works best with periods where there are trends or seasonality. Nabors Industries Double Exponential Smoothing Price Forecast For the 26th of April
Given 90 days horizon, the Double Exponential Smoothing forecasted value of Nabors Industries on the next trading day is expected to be 80.00 with a mean absolute deviation of 1.85, mean absolute percentage error of 5.61, and the sum of the absolute errors of 110.99.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 Industries | Nabors Industries Price Prediction | Buy 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 77.21 and 82.78, 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.
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Double Exponential Smoothing 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.| AIC | Akaike Information Criteria | Huge |
| Bias | Arithmetic mean of the errors | -0.286 |
| MAD | Mean absolute deviation | 1.8498 |
| MAPE | Mean absolute percentage error | 0.0223 |
| SAE | Sum of the absolute errors | 110.985 |
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.
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.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
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.
| Accumulation Distribution | 10018.69 | |||
| Daily Balance Of Power | (0.21) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 79.28 | |||
| Day Typical Price | 79.56 | |||
| Price Action Indicator | 0.59 | |||
| Period Momentum Indicator | (0.52) | |||
| Relative Strength Index | 51.47 |
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.
| Mean Deviation | 2.32 | |||
| Semi Deviation | 2.48 | |||
| Standard Deviation | 2.83 | |||
| Variance | 8.0 | |||
| Downside Variance | 6.49 | |||
| Semi Variance | 6.17 | |||
| Expected Short fall | (2.52) |
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.
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectCheck 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 Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
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.
| Global Correlations Find global opportunities by holding instruments from different markets | |
| Portfolio Optimization Compute new portfolio that will generate highest expected return given your specified tolerance for risk | |
| Equity Search Search for actively traded equities including funds and ETFs from over 30 global markets | |
| Sign In To Macroaxis Sign in to explore Macroaxis' wealth optimization platform and fintech modules | |
| Cryptocurrency Center Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency | |
| Bollinger Bands Use Bollinger Bands indicator to analyze target price for a given investing horizon | |
| FinTech Suite Use AI to screen and filter profitable investment opportunities | |
| Fundamentals Comparison Compare fundamentals across multiple equities to find investing opportunities | |
| Bond Analysis Evaluate and analyze corporate bonds as a potential investment for your portfolios. | |
| Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets | |
| Sectors List of equity sectors categorizing publicly traded companies based on their primary business activities | |
| Price Exposure Probability Analyze equity upside and downside potential for a given time horizon across multiple markets |
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.