NATIONAL BANK's market value is the price at which a share of NATIONAL BANK trades on a public exchange. It measures the collective expectations of NATIONAL BANK OF investors about its performance. NATIONAL BANK is trading at 3450.01 as of the 14th of December 2024, a 0.0003 percent increase since the beginning of the trading day. The stock's lowest day price was 3450.01. With this module, you can estimate the performance of a buy and hold strategy of NATIONAL BANK OF and determine expected loss or profit from investing in NATIONAL BANK over a given investment horizon. Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.
Symbol
NATIONAL
NATIONAL BANK 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to NATIONAL BANK's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of NATIONAL BANK.
0.00
11/14/2024
No Change 0.00
0.0
In 30 days
12/14/2024
0.00
If you would invest 0.00 in NATIONAL BANK on November 14, 2024 and sell it all today you would earn a total of 0.00 from holding NATIONAL BANK OF or generate 0.0% return on investment in NATIONAL BANK over 30 days.
NATIONAL BANK Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure NATIONAL BANK's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess NATIONAL BANK OF upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for NATIONAL BANK's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NATIONAL BANK's standard deviation. In reality, there are many statistical measures that can use NATIONAL BANK historical prices to predict the future NATIONAL BANK's volatility.
At this point, NATIONAL BANK is very steady. NATIONAL BANK has Sharpe Ratio of 0.0377, which conveys that the company had a 0.0377% return per unit of standard deviation over the last 3 months. We have found twenty-three technical indicators for NATIONAL BANK, which you can use to evaluate the volatility of the entity. Please verify NATIONAL BANK's standard deviation of 3.0E-4, and Downside Deviation of 4.0E-4 to check out if the risk estimate we provide is consistent with the expected return of 0.0%. NATIONAL BANK has a performance score of 2 on a scale of 0 to 100. The firm secures a Beta (Market Risk) of 0.0, which conveys not very significant fluctuations relative to the market. the returns on MARKET and NATIONAL BANK are completely uncorrelated. NATIONAL BANK currently secures a risk of 3.0E-4%. Please verify NATIONAL BANK OF kurtosis, day typical price, and the relationship between the expected short fall and rate of daily change , to decide if NATIONAL BANK OF will be following its current price movements.
Auto-correlation
-0.29
Weak reverse predictability
NATIONAL BANK OF has weak reverse predictability. Overlapping area represents the amount of predictability between NATIONAL BANK time series from 14th of November 2024 to 29th of November 2024 and 29th of November 2024 to 14th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of NATIONAL BANK price movement. The serial correlation of -0.29 indicates that nearly 29.0% of current NATIONAL BANK price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.29
Spearman Rank Test
0.32
Residual Average
0.0
Price Variance
0.0
NATIONAL BANK lagged returns against current returns
Autocorrelation, which is NATIONAL BANK stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting NATIONAL BANK's stock expected returns. We can calculate the autocorrelation of NATIONAL BANK returns to help us make a trade decision. For example, suppose you find that NATIONAL BANK has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values
Timeline
NATIONAL BANK regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If NATIONAL BANK stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NATIONAL BANK stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NATIONAL BANK stock over time.
Current vs Lagged Prices
Timeline
NATIONAL BANK Lagged Returns
When evaluating NATIONAL BANK's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NATIONAL BANK stock have on its future price. NATIONAL BANK autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, NATIONAL BANK autocorrelation shows the relationship between NATIONAL BANK stock current value and its past values and can show if there is a momentum factor associated with investing in NATIONAL BANK OF.
Regressed Prices
Timeline
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.