NOV Inc. (NOV)
NOV Inc. is an American multinational corporation based in Houston, Texas. It is a leading worldwide provider of equipment and components used in oil and gas drilling and production operations, oilfield services, and supply chain integration services to the upstream oil and gas industry.
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is decreasing.
- The decline rate of the primary trend is 18.31% per annum.
- NOV price at the close of March 31, 2025 was $15.22 and was inside the primary price channel.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 25.92% per annum.
- NOV price at the close of March 31, 2025 was inside the secondary price channel.
Linear Regression Model
Model equation:
Yi = α + β × Xi + εi
Top border of price channel:
Exp(Yi) = Exp(a + b × Xi + 2 × s)
Bottom border of price channel:
Exp(Yi) = Exp(a + b × Xi – 2 × s)
where:
i - observation number
Yi - natural logarithm of NOV price
Xi - time index, 1 day interval
σ - standard deviation of εi
a - estimator of α
b - estimator of β
s - estimator of σ
Exp() - calculates the exponent of e
Primary Trend
Start date: July 31, 2023
End date: March 31, 2025
a = 3.7025
b = -0.0006
s = 0.0526
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0006) – 1
= -18.31%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0526) – 1
= 23.41%
July 31, 2023 calculations
Top border of price channel:
Exp(Y837)
= Exp(a + b × X837 + 2 × s)
= Exp(a + b × 1,216 + 2 × s)
= Exp(3.7025 + -0.0006 × 1,216 + 2 × 0.0526)
= Exp(3.1340)
= $22.97
Bottom border of price channel:
Exp(Y837)
= Exp(a + b × X837 – 2 × s)
= Exp(a + b × 1,216 – 2 × s)
= Exp(3.7025 + -0.0006 × 1,216 – 2 × 0.0526)
= Exp(2.9237)
= $18.61
March 31, 2025 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,825 + 2 × s)
= Exp(3.7025 + -0.0006 × 1,825 + 2 × 0.0526)
= Exp(2.7967)
= $16.39
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(3.7025 + -0.0006 × 1,825 – 2 × 0.0526)
= Exp(2.5863)
= $13.28
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 18.31% per annum.
- NOV price at the close of March 31, 2025 was $15.22 and was inside the primary price channel.
Secondary Trend
Start date: March 20, 2024
End date: March 31, 2025
a = 4.1525
b = -0.0008
s = 0.0439
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0008) – 1
= -25.92%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0439) – 1
= 19.19%
March 20, 2024 calculations
Top border of price channel:
Exp(Y998)
= Exp(a + b × X998 + 2 × s)
= Exp(a + b × 1,449 + 2 × s)
= Exp(4.1525 + -0.0008 × 1,449 + 2 × 0.0439)
= Exp(3.0491)
= $21.10
Bottom border of price channel:
Exp(Y998)
= Exp(a + b × X998 – 2 × s)
= Exp(a + b × 1,449 – 2 × s)
= Exp(4.1525 + -0.0008 × 1,449 – 2 × 0.0439)
= Exp(2.8735)
= $17.70
March 31, 2025 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,825 + 2 × s)
= Exp(4.1525 + -0.0008 × 1,825 + 2 × 0.0439)
= Exp(2.7400)
= $15.49
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(4.1525 + -0.0008 × 1,825 – 2 × 0.0439)
= Exp(2.5644)
= $12.99
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 25.92% per annum.
- NOV price at the close of March 31, 2025 was inside the secondary price channel.