On a scale of 0 to 100, National Oilwell holds a
performance score of 3. The company secures a Beta (Market Risk) of 2.5521, which conveys a somewhat significant risk relative to the market. Let's try to break down what National's beta means in this case. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, National Oilwell will likely underperform. Although it is vital to follow
National Oilwell Varco price patterns, it is good to be conservative about what you can do with the information regarding equity historical
price patterns. The philosophy towards estimating
future performance of any stock is to evaluate the business as a whole together with its past performance, including all
available fundamental and
technical indicators. By analyzing
National Oilwell Varco technical indicators, you can presently evaluate if the expected return of 0.28% will be sustainable into the future. Please exercises National Oilwell Varco
information ratio and
downside variance to make a quick decision on whether National Oilwell Varco current price movements will revert.
The successful prediction of NOV
stock price could yield a significant profit to investors. But is it possible? The efficient-market hypothesis suggests that all published
stock prices of traded companies, such as NOV Inc, already reflect all publicly available information. This academic statement is a fundamental principle of many financial and investing theories used today. However, the typical investor usually disagrees with a 'textbook' version of this hypothesis and continually tries to find mispriced stocks to increase returns. We use internally-developed statistical techniques to arrive at
the intrinsic value of NOV based on NOV hews, social hype, general headline patterns, and widely used
predictive technical indicators. We also calculate exposure to NOV's
market risk, different
technical and
fundamental indicators, relevant financial multiples and ratios, and then
comparing them to NOV's related companies.
Use Technical Analysis to project NOV expected Price
NOV technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of NOV technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of NOV trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions.
More Info...NOV Gross Profit
NOV Gross Profit growth is one of the most critical measures in evaluating the company. The Gross Profit growth rate is calculated simply by comparing NOV previous period's values with its current period's values. Each time period you're measuring should be of equal lengths the increase or decrease, in a company's Gross Profit between two periods. Here we show NOV Gross Profit growth over the last 10 years. Please check NOV's
gross profit and other
fundamental indicators for more details.
A Deeper look at NOV
National Oilwell Varco reported the last year's revenue of 8.42
B. Reported Net Loss for the year was (8.06
B) with profit before taxes, overhead, and interest of 845
M.
| 2015 | 2019 (projected) |
Long Term Debt to Equity | 0.24 | 0.26 | Interest Coverage | 3.1 | 3.57 |
Deferred Revenue Breakdown
National Oilwell Deferred Revenue yearly trend continues to be fairly stable with very little volatility. Deferred Revenue is likely to outpace its year average in 2020. Deferred Revenue usually refers to a component of Total Liabilities representing the carrying amount of consideration received or receivable on potential earnings that were not recognized as revenue; including sales; license fees; and royalties; but excluding interest income. National Oilwell Deferred Revenue is fairly stable at the moment as compared to the past year. National Oilwell reported Deferred Revenue of 506 Million in 2019
| 2011 | 865 Million |
| 2012 | 1.19 Billion |
| 2013 | 1.77 Billion |
| 2014 | 1.77 Billion |
| 2015 | 785 Million |
| 2016 | 440 Million |
| 2019 | 506 Million |
| 2020 | 519.32 Million |
National may start a reversion in August
The standard deviation is down to 5.56 as of today. National Oilwell Varco exhibits above-average semi-deviation for your current time horizon. We encourage investors to investigate National Oilwell Varco individually to make sure intended market timing strategies and available technical indicagtors are consistent with their estimates about National Oilwell future systematic risk.
Our Conclusion on National Oilwell
While some firms within the oil & gas equipment & services industry are still a little expensive, even after the recent corrections, National Oilwell may offer a potential longer-term growth to sophisticated investors. The inconsistency in the assessment between current National valuation and our trade advice on National Oilwell is due to the recent market swings and your selection of investing horizon. Please use our equity advice module to run different scenarios to ensure your current risk level and investment horizon are fully reflective of your current investing preferences in regards to National Oilwell.
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Ellen Johnson is a Member of Macroaxis Editorial Board. Ellen covers public companies in North America, focusing primarily on valuation and volatility. Six years of experience in predictive investment analytics and risk management.
View Profile This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Ellen Johnson do not own shares of NOV Inc. Please refer to our
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