Now Inc Stock Market Value
| DNOW Stock | USD 15.15 0.62 4.27% |
| Symbol | Now |
Now Inc Price To Book Ratio
Is Now's 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 Now. If investors know Now 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 Now listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 3.812 | Earnings Share 2.24 | Revenue Per Share 21.612 | Quarterly Revenue Growth 0.015 | Return On Assets 0.0645 |
The market value of Now Inc is measured differently than its book value, which is the value of Now that is recorded on the company's balance sheet. Investors also form their own opinion of Now's value that differs from its market value or its book value, called intrinsic value, which is Now'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 Now's market value can be influenced by many factors that don't directly affect Now's 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 Now's value and its price as these two are different measures arrived at by different means. Investors typically determine if Now is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Now'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.
Now 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Now's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Now.
| 05/06/2022 |
| 04/25/2024 |
If you would invest 0.00 in Now on May 6, 2022 and sell it all today you would earn a total of 0.00 from holding Now Inc or generate 0.0% return on investment in Now over 720 days. Now is related to or competes with Oil States, Oceaneering International, Geospace Technologies, Newpark Resources, Enerflex, Bristow, and Forum Energy. NOW Inc. distributes downstream energy and industrial products for petroleum refining, chemical processing, LNG terminal... More
Now Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Now's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Now Inc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.63 | |||
| Information Ratio | 0.2141 | |||
| Maximum Drawdown | 22.13 | |||
| Value At Risk | (2.36) | |||
| Potential Upside | 3.32 |
Now Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Now's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Now's standard deviation. In reality, there are many statistical measures that can use Now historical prices to predict the future Now's volatility.| Risk Adjusted Performance | 0.1598 | |||
| Jensen Alpha | 0.7503 | |||
| Total Risk Alpha | 0.3459 | |||
| Sortino Ratio | 0.3937 | |||
| Treynor Ratio | (1.85) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Now'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.
Now Inc Backtested Returns
Now appears to be not too volatile, given 3 months investment horizon. Now Inc has Sharpe Ratio of 0.21, which conveys that the firm had a 0.21% return per unit of risk over the last 3 months. By analyzing Now's technical indicators, you can evaluate if the expected return of 0.66% is justified by implied risk. Please exercise Now's Risk Adjusted Performance of 0.1598, downside deviation of 1.63, and Mean Deviation of 1.83 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Now holds a performance score of 16. The company secures a Beta (Market Risk) of -0.39, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Now are expected to decrease at a much lower rate. During the bear market, Now is likely to outperform the market. Please check Now's downside variance, as well as the relationship between the daily balance of power and period momentum indicator , to make a quick decision on whether Now's current price movements will revert.
Auto-correlation | -0.2 |
Insignificant reverse predictability
Now Inc has insignificant reverse predictability. Overlapping area represents the amount of predictability between Now time series from 6th of May 2022 to 1st of May 2023 and 1st of May 2023 to 25th of April 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Now Inc price movement. The serial correlation of -0.2 indicates that over 20.0% of current Now price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.2 | |
| Spearman Rank Test | 0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 2.84 |
Now Inc lagged returns against current returns
Autocorrelation, which is Now stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Now's stock expected returns. We can calculate the autocorrelation of Now returns to help us make a trade decision. For example, suppose you find that Now has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Now regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Now stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Now stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Now stock over time.
Current vs Lagged Prices |
| Timeline |
Now Lagged Returns
When evaluating Now's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Now stock have on its future price. Now autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Now autocorrelation shows the relationship between Now stock current value and its past values and can show if there is a momentum factor associated with investing in Now Inc.
Regressed Prices |
| Timeline |
Pair Trading with Now
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Now position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Now will appreciate offsetting losses from the drop in the long position's value.Moving together with Now Stock
| 0.72 | B | Barnes Group Earnings Call Tomorrow | PairCorr |
| 0.75 | CR | Crane Company Financial Report 8th of May 2024 | PairCorr |
| 0.74 | HI | Hillenbrand Earnings Call This Week | PairCorr |
| 0.89 | IR | Ingersoll Rand Financial Report 1st of May 2024 | PairCorr |
Moving against Now Stock
| 0.85 | ATS | ATS Corporation | PairCorr |
| 0.51 | RR | Richtech Robotics Class | PairCorr |
| 0.43 | BW | Babcock Wilcox Enter Buyout Trend | PairCorr |
The ability to find closely correlated positions to Now could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Now when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Now - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Now Inc to buy it.
The correlation of Now is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Now moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Now Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Now can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Now Correlation, Now Volatility and Now Alpha and Beta module to complement your research on Now. You can also try the My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.
Complementary Tools for Now Stock analysis
When running Now's price analysis, check to measure Now'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 Now is operating at the current time. Most of Now's value examination focuses on studying past and present price action to predict the probability of Now's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Now's price. Additionally, you may evaluate how the addition of Now to your portfolios can decrease your overall portfolio volatility.
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Now 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.