Nedbank (South Africa) Price on October 10, 2024

NED Stock   29,160  18.00  0.06%   
If you're considering investing in Nedbank Stock, it is important to understand the factors that can impact its price. As of today, the current price of Nedbank stands at 29,160, as last reported on the 17th of December 2024, with the highest price reaching 29,605 and the lowest price hitting 28,985 during the day. At this point, Nedbank is very steady. Nedbank Group has Sharpe Ratio of 0.0075, which conveys that the firm had a 0.0075% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Nedbank, which you can use to evaluate the volatility of the firm. Please verify Nedbank's Mean Deviation of 0.9818, downside deviation of 1.55, and Risk Adjusted Performance of 0.0215 to check out if the risk estimate we provide is consistent with the expected return of 0.0101%.
  
Nedbank Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = 0.0075

Best PortfolioBest Equity
Good Returns
Average Returns
Small Returns
CashSmall RiskAverage RiskHigh RiskHuge Risk
Negative ReturnsNED

Estimated Market Risk

 1.35
  actual daily
12
88% of assets are more volatile

Expected Return

 0.01
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 0.01
  actual daily
0
Most of other assets perform better
Based on monthly moving average Nedbank is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Nedbank by adding Nedbank to a well-diversified portfolio.

Nedbank Valuation on October 10, 2024

It is possible to determine the worth of Nedbank on a given historical date. On October 10, 2024 Nedbank was worth 29214.0 at the beginning of the trading date compared to the closed value of 29170.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Nedbank stock. Still, in general, we apply an absolute valuation method to find Nedbank's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Nedbank where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Nedbank's related companies.
 Open High Low Close Volume
  29,330    29,566    28,775    29,045    1,255,135  
10/10/2024
  29,214    29,372    28,680    29,170    1,185,678  
  28,721    29,667    28,721    29,635    937,374  
Backtest Nedbank  |  Nedbank History  |  Nedbank Valuation   PreviousNext  
Open Value
29214.0
29,210
Downside
29170.0
Closing Value
29,218
Upside

Nedbank Trading Date Momentum on October 10, 2024

On October 11 2024 Nedbank Group was traded for  29,635  at the closing time. The highest price during the trading period was 29,667  and the lowest recorded bid was listed for  28,721 . The volume for the day was 937.4 K. This history from October 11, 2024 contributed to the next trading day price growth. The trading delta at closing time to the next closing price was 1.59% . The trading delta at closing time to the current price is 2.72% .

Nedbank Group Fundamentals Correlations and Trends

By evaluating Nedbank's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Nedbank's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Nedbank financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Nedbank Stock history

Nedbank investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Nedbank is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Nedbank Group will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Nedbank stock prices may prove useful in developing a viable investing in Nedbank

Nedbank Stock Technical Analysis

Nedbank 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.
A focus of Nedbank technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Nedbank trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Nedbank Period Price Range

Low
December 17, 2024
0.00  NaN%
High

 0.00 

     

 0.00 

Nedbank Group cannot be verified against its exchange. Please verify the symbol is currently traded on Johannesburg Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.

Nedbank December 17, 2024 Market Strength

Market strength indicators help investors to evaluate how Nedbank stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Nedbank shares will generate the highest return on investment. By undertsting and applying Nedbank stock market strength indicators, traders can identify Nedbank Group entry and exit signals to maximize returns

Nedbank Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Nedbank's price direction in advance. Along with the technical and fundamental analysis of Nedbank Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Nedbank to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.

Complementary Tools for Nedbank Stock analysis

When running Nedbank's price analysis, check to measure Nedbank'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 Nedbank is operating at the current time. Most of Nedbank's value examination focuses on studying past and present price action to predict the probability of Nedbank's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nedbank's price. Additionally, you may evaluate how the addition of Nedbank to your portfolios can decrease your overall portfolio volatility.
Instant Ratings
Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance
Performance Analysis
Check effects of mean-variance optimization against your current asset allocation
ETF Categories
List of ETF categories grouped based on various criteria, such as the investment strategy or type of investments
Stock Screener
Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook.
Alpha Finder
Use alpha and beta coefficients to find investment opportunities after accounting for the risk
Latest Portfolios
Quick portfolio dashboard that showcases your latest portfolios
Watchlist Optimization
Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm
AI Portfolio Architect
Use AI to generate optimal portfolios and find profitable investment opportunities
Investing Opportunities
Build portfolios using our predefined set of ideas and optimize them against your investing preferences