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NOV Forecast

Bearish <—> Bullish

80% Confidence

Bullish Case: NOV has potential upside due to increased energy demand and lower helium implied volatility versus market levels, suggesting trader confidence.

Bearish Case: High market implied volatility and weak historical returns indicate risk, especially amidst uncertain market conditions for energy stocks.

Potential Outcomes: 40% chance: Modest rally driven by energy demand.
30% chance: Flat market as investor sentiment remains cautious.
30% chance: Decline due to high volatility and regulatory pressures.

Trading Oracle: Consider a Bullish Short Volatility strategy by selling ATM put options and buying more OOTM put options. This exploits current high implied volatility, betting on limited downside while capturing premiums as prices stabilize.

March 02, 2025

NOV Forecast

NOV NOV

Price Forecast
Future Uncertainty

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Correlated Assets

Assets that tend to move strongly with NOV

RIG Transocean (0.94)

DVN Devon Energy (0.93)

SLB Schlumberger (0.93)

PSX Phillips 66 (0.93)

WFRD Weatherford International plc - New (0.93)

Uncorrelated Assets

Assets with little price relationship to NOV

VTRS Viatris (-0.0)

VOYA Voya Financial (-0.0)

XPOF Xponential Fitness (0.01)

ITB BTC iShares U.S. Home Construction (0.01)

PHM PulteGroup (0.01)

Anticorrelated Assets

Assets that tend to move strongly against NOV

ONON On (-0.85)

PM Philip Morris International (-0.85)

SAP Sap SE (-0.86)

ARGT Global X Funds - Global X MSCI Argentina (-0.87)

NOK Nokia (-0.87)

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* Disclaimer: Nothing on this website constitutes investment advice, performance data or any recommendation that any particular security, portfolio of securities, transaction or investment strategy is suitable for any specific person. Helium Trades is not responsible in any way for the accuracy of any model predictions or price data. Any mention of a particular security and related prediction data is not a recommendation to buy or sell that security. Investments in securities involve the risk of loss. Past performance is no guarantee of future results. Helium Trades is not responsible for any of your investment decisions, you should consult a financial expert before engaging in any transaction.