Nationwide Building (UK) Market Value
| NBS Stock | 132.00 0.00 0.00% |
| Symbol | Nationwide |
Nationwide Building '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 Nationwide Building'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 Nationwide Building.
| 06/05/2024 |
| 12/02/2024 |
If you would invest 0.00 in Nationwide Building on June 5, 2024 and sell it all today you would earn a total of 0.00 from holding Nationwide Building Society or generate 0.0% return on investment in Nationwide Building over 180 days. Nationwide Building is related to or competes with Veolia Environnement, Blackstone Loan, United States, Impax Environmental, Supermarket Income, Global Net, and Monster Beverage. Nationwide Building is entity of United Kingdom More
Nationwide Building 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 Nationwide Building'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 Nationwide Building Society upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.67) | |||
| Maximum Drawdown | 1.89 | |||
| Potential Upside | 0.3802 |
Nationwide Building Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nationwide Building's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nationwide Building's standard deviation. In reality, there are many statistical measures that can use Nationwide Building historical prices to predict the future Nationwide Building's volatility.| Risk Adjusted Performance | 0.0169 | |||
| Jensen Alpha | 0.0063 | |||
| Total Risk Alpha | (0.03) | |||
| Treynor Ratio | (0.05) |
Nationwide Building Backtested Returns
At this point, Nationwide Building is very steady. Nationwide Building has Sharpe Ratio of 0.063, which conveys that the firm had a 0.063% return per unit of risk over the last 3 months. We have found seventeen technical indicators for Nationwide Building, which you can use to evaluate the volatility of the firm. Please verify Nationwide Building's Standard Deviation of 0.1869, risk adjusted performance of 0.0169, and Mean Deviation of 0.0561 to check out if the risk estimate we provide is consistent with the expected return of 0.0119%. Nationwide Building has a performance score of 4 on a scale of 0 to 100. The company secures a Beta (Market Risk) of -0.0362, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Nationwide Building are expected to decrease at a much lower rate. During the bear market, Nationwide Building is likely to outperform the market. Nationwide Building right now secures a risk of 0.19%. Please verify Nationwide Building Society mean deviation, information ratio, skewness, as well as the relationship between the standard deviation and maximum drawdown , to decide if Nationwide Building Society will be following its current price movements.
Auto-correlation | 0.30 |
Below average predictability
Nationwide Building Society has below average predictability. Overlapping area represents the amount of predictability between Nationwide Building time series from 5th of June 2024 to 3rd of September 2024 and 3rd of September 2024 to 2nd 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 Nationwide Building price movement. The serial correlation of 0.3 indicates that nearly 30.0% of current Nationwide Building price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.3 | |
| Spearman Rank Test | 0.46 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
Nationwide Building lagged returns against current returns
Autocorrelation, which is Nationwide Building 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 Nationwide Building's stock expected returns. We can calculate the autocorrelation of Nationwide Building returns to help us make a trade decision. For example, suppose you find that Nationwide Building 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 |
Nationwide Building 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 Nationwide Building stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nationwide Building stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nationwide Building stock over time.
Current vs Lagged Prices |
| Timeline |
Nationwide Building Lagged Returns
When evaluating Nationwide Building's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nationwide Building stock have on its future price. Nationwide Building 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, Nationwide Building autocorrelation shows the relationship between Nationwide Building stock current value and its past values and can show if there is a momentum factor associated with investing in Nationwide Building Society.
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.Other Information on Investing in Nationwide Stock
Nationwide Building financial ratios help investors to determine whether Nationwide Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Nationwide with respect to the benefits of owning Nationwide Building security.