Expect quick gains in National Oilwell Varco shares?

Shares of National Oilwell Varco (NYSE: NOV) have trended lower in recent weeks despite the sharp increases seen in benchmark prices. The number of US platforms remains 43% below pre-Covid levels and the EIA expects a slow improvement in the coming months as benchmark prices are expected to observe a correction – indicating a contraction in the figure business for National Oilwell Varco in 2021. The company provides technological equipment and services, including drilling, completion, automation, etc., to the upstream oil and gas industry. According to the Trefis Machine Learning Engine, which identifies trends in the company’s stock price data, National Oilwell Varco stock is subject to change 3% during the period of one month (twenty-one trading days) after having undergone -12.5% contraction during the past week (five trading days).

But how would those numbers change if you wanted to hold National Oilwell Varco shares for a longer or shorter period? You can test the answer and many other combinations on the Trefis Machine learning engine to test the chances of National Oilwell Varco shares rising after a decline. You can test the chances of recovery over different time intervals of a quarter, a month, or even a single day!

MACHINE LEARNING MOTOR – try it yourself:

IF The NOV share changed by -5% over 5 trading days, SO over the next twenty-one trading days, the NOV share evolves medium 1.7%, with a 54.2% probability of a positive return over that period.

There is a 54% chance that a positive return over the next twenty-one trading days and a 46% probability of a positive excess return.

Some fun scenarios, FAQs, and explanation of Oilwell Varco’s domestic stock movements:

Question 1: Is the average return on the National Oilwell Varco share higher after a decline?


Consider two situations,

Case 1: National Oilwell Varco stock drops -5% or more in a week

Case 2: The action of National Oilwell Varco increases by 5% or more in a week

Is the average return on the National Oilwell Varco share higher in the next month after Case 1 or Case 2?

November stock fares better after case 1, with an average return of 1.6% during the following month (21 trading days) in case 1 (where the stock has just suffered a loss of 5% during the previous week), against an average return -1.3% for case 2.

In comparison, the S&P 500 has an average return of 3.1% over the next 21 trading days in case 1, and an average return of only 0.5% for case 2, as detailed in our dashboard. which details the average return of the S&P 500 after a fall or rise.

Try the Trefis machine learning engine above to see for yourself how the National Oilwell Varco stock is likely to behave after a specific gain or loss over a period of time.

Question 2: Does patience pay?


If you buy and hold National Oilwell Varco stock, it is expected that over time short-term fluctuations will cancel each other out and the long-term positive trend will be in your favor, at least if the company is through. elsewhere solid.

Overall, according to data and calculations from the machine learning engine Trefis, patience absolutely pays for most actions!

For the NOV share, the returns over the following N days after a variation of -5% over the last 5 trading days are detailed in the table below, as well as the returns of the S & P500:

Question 3: What about the average return after a rise if you wait a while?


The average return after a rise is naturally lower than that after a fall, as detailed in the previous question. Interestingly, however, if a stock has won in the last few days, you’d better avoid short-term bets for most stocks.

The returns of NOV over the next N days after a 5% change in the last 5 trading days are detailed in the table below, along with the returns of the S & P500:

It is powerful enough to test the trend for yourself for National Oilwell Varco stock by changing the entries in the charts above.

Are the actions of upstream companies a better bet? EOG Resources Stock Comparison With Peers summarizes how EOG stacks up against its peers on the metrics that matter. You may find other useful comparisons on peer-to-peer comparisons.

See everything Featured analyzes from Trefis and To download Trefis data here

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