Correlation
The correlation between NBR and PTN is 0.14, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
NBR vs. PTN
Compare and contrast key facts about Nabors Industries Ltd. (NBR) and Palatin Technologies, Inc. (PTN).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NBR or PTN.
Performance
NBR vs. PTN - Performance Comparison
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Key characteristics
NBR:
-0.88
PTN:
-0.71
NBR:
-1.49
PTN:
-1.80
NBR:
0.83
PTN:
0.75
NBR:
-0.67
PTN:
-0.95
NBR:
-1.52
PTN:
-1.74
NBR:
43.56%
PTN:
54.49%
NBR:
72.89%
PTN:
133.85%
NBR:
-99.51%
PTN:
-100.00%
NBR:
-98.76%
PTN:
-100.00%
Fundamentals
NBR:
$414.62M
PTN:
$2.45M
NBR:
-$15.30
PTN:
-$1.54
NBR:
-0.68
PTN:
0.00
NBR:
0.14
PTN:
6.99
NBR:
1.18
PTN:
15.83
NBR:
$2.93B
PTN:
$350.00K
NBR:
$549.61M
PTN:
$180.09K
NBR:
$855.09M
PTN:
-$23.04M
Returns By Period
In the year-to-date period, NBR achieves a -54.85% return, which is significantly higher than PTN's -90.99% return. Over the past 10 years, NBR has outperformed PTN with an annualized return of -27.54%, while PTN has yielded a comparatively lower -41.82% annualized return.
NBR
-54.85%
-5.60%
-64.85%
-65.48%
-46.31%
-6.98%
-27.54%
PTN
-90.99%
-54.13%
-91.23%
-94.44%
-77.73%
-62.03%
-41.82%
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Risk-Adjusted Performance
NBR vs. PTN — Risk-Adjusted Performance Rank
NBR
PTN
NBR vs. PTN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Nabors Industries Ltd. (NBR) and Palatin Technologies, Inc. (PTN). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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Dividends
NBR vs. PTN - Dividend Comparison
Neither NBR nor PTN has paid dividends to shareholders.
TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
NBR Nabors Industries Ltd. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.86% | 1.39% | 12.00% | 3.51% | 1.46% | 2.82% | 1.54% |
PTN Palatin Technologies, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
NBR vs. PTN - Drawdown Comparison
The maximum NBR drawdown since its inception was -99.51%, roughly equal to the maximum PTN drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for NBR and PTN.
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Volatility
NBR vs. PTN - Volatility Comparison
The current volatility for Nabors Industries Ltd. (NBR) is 23.42%, while Palatin Technologies, Inc. (PTN) has a volatility of 85.26%. This indicates that NBR experiences smaller price fluctuations and is considered to be less risky than PTN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Financials
NBR vs. PTN - Financials Comparison
This section allows you to compare key financial metrics between Nabors Industries Ltd. and Palatin Technologies, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities