Noble Plc Stock Market Value
| NE Stock | USD 46.05 1.06 2.25% |
| Symbol | Noble |
Noble plc Price To Book Ratio
Is Noble Plc'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 Noble Plc. If investors know Noble 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 Noble Plc 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 0.123 | Dividend Share 0.7 | Earnings Share 3.32 | Revenue Per Share 17.79 | Quarterly Revenue Growth 0.04 |
The market value of Noble plc is measured differently than its book value, which is the value of Noble that is recorded on the company's balance sheet. Investors also form their own opinion of Noble Plc's value that differs from its market value or its book value, called intrinsic value, which is Noble Plc'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 Noble Plc's market value can be influenced by many factors that don't directly affect Noble Plc'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 Noble Plc's value and its price as these two are different measures arrived at by different means. Investors typically determine if Noble Plc is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Noble Plc'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.
Noble Plc '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 Noble Plc'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 Noble Plc.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Noble Plc on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding Noble plc or generate 0.0% return on investment in Noble Plc over 30 days. Noble Plc is related to or competes with Seadrill, Borr Drilling, Patterson UTI, Transocean, Diamond Offshore, Nabors Industries, and Helmerich. Noble Corporation plc, together with its subsidiaries, operates as an offshore drilling contractor for the oil and gas i... More
Noble Plc 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 Noble Plc'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 Noble plc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.44 | |||
| Information Ratio | 0.029 | |||
| Maximum Drawdown | 6.47 | |||
| Value At Risk | (2.29) | |||
| Potential Upside | 3.1 |
Noble Plc Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Noble Plc's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Noble Plc's standard deviation. In reality, there are many statistical measures that can use Noble Plc historical prices to predict the future Noble Plc's volatility.| Risk Adjusted Performance | 0.0618 | |||
| Jensen Alpha | 0.0294 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | 0.0317 | |||
| Treynor Ratio | 0.11 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Noble Plc'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.
Noble plc Backtested Returns
We consider Noble Plc very steady. Noble plc has Sharpe Ratio of 0.0431, which conveys that the firm had a 0.0431% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Noble Plc, which you can use to evaluate the volatility of the firm. Please verify Noble Plc's Downside Deviation of 1.44, risk adjusted performance of 0.0618, and Mean Deviation of 1.26 to check out if the risk estimate we provide is consistent with the expected return of 0.0705%. Noble Plc has a performance score of 3 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 1.19, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Noble Plc will likely underperform. Noble plc right now secures a risk of 1.64%. Please verify Noble plc downside variance, day median price, and the relationship between the treynor ratio and kurtosis , to decide if Noble plc will be following its current price movements.
Auto-correlation | -0.78 |
Almost perfect reverse predictability
Noble plc has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Noble Plc time series from 26th of March 2024 to 10th of April 2024 and 10th of April 2024 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 Noble plc price movement. The serial correlation of -0.78 indicates that around 78.0% of current Noble Plc price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.78 | |
| Spearman Rank Test | -0.67 | |
| Residual Average | 0.0 | |
| Price Variance | 2.73 |
Noble plc lagged returns against current returns
Autocorrelation, which is Noble Plc 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 Noble Plc's stock expected returns. We can calculate the autocorrelation of Noble Plc returns to help us make a trade decision. For example, suppose you find that Noble Plc 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 |
Noble Plc 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 Noble Plc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Noble Plc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Noble Plc stock over time.
Current vs Lagged Prices |
| Timeline |
Noble Plc Lagged Returns
When evaluating Noble Plc's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Noble Plc stock have on its future price. Noble Plc 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, Noble Plc autocorrelation shows the relationship between Noble Plc stock current value and its past values and can show if there is a momentum factor associated with investing in Noble plc.
Regressed Prices |
| Timeline |
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Try AI Portfolio ArchitectCheck out Noble Plc Correlation, Noble Plc Volatility and Noble Plc Alpha and Beta module to complement your research on Noble Plc. For information on how to trade Noble Stock refer to our How to Trade Noble Stock guide.Note that the Noble plc information on this page should be used as a complementary analysis to other Noble Plc'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 the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
Complementary Tools for Noble Stock analysis
When running Noble Plc's price analysis, check to measure Noble Plc'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 Noble Plc is operating at the current time. Most of Noble Plc's value examination focuses on studying past and present price action to predict the probability of Noble Plc's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Noble Plc's price. Additionally, you may evaluate how the addition of Noble Plc to your portfolios can decrease your overall portfolio volatility.
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Noble Plc 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.