NBS BANK's market value is the price at which a share of NBS BANK trades on a public exchange. It measures the collective expectations of NBS BANK LIMITED investors about its performance. NBS BANK is trading at 152.00 as of the 14th of December 2024, a 0.02 percent increase since the beginning of the trading day. The stock's lowest day price was 151.99. With this module, you can estimate the performance of a buy and hold strategy of NBS BANK LIMITED and determine expected loss or profit from investing in NBS 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
NBS
NBS 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 NBS 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 NBS BANK.
0.00
06/17/2024
No Change 0.00
0.0
In 5 months and 30 days
12/14/2024
0.00
If you would invest 0.00 in NBS BANK on June 17, 2024 and sell it all today you would earn a total of 0.00 from holding NBS BANK LIMITED or generate 0.0% return on investment in NBS BANK over 180 days.
NBS 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 NBS 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 NBS BANK LIMITED 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 NBS BANK's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NBS BANK's standard deviation. In reality, there are many statistical measures that can use NBS BANK historical prices to predict the future NBS BANK's volatility.
At this point, NBS BANK is very steady. NBS BANK LIMITED has Sharpe Ratio of 0.17, which conveys that the company had a 0.17% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for NBS BANK, which you can use to evaluate the volatility of the entity. Please verify NBS BANK's mean deviation of 0.0464, and Coefficient Of Variation of 613.77 to check out if the risk estimate we provide is consistent with the expected return of 0.0245%. NBS BANK has a performance score of 13 on a scale of 0 to 100. The firm secures a Beta (Market Risk) of -0.028, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning NBS BANK are expected to decrease at a much lower rate. During the bear market, NBS BANK is likely to outperform the market. NBS BANK LIMITED currently secures a risk of 0.15%. Please verify NBS BANK LIMITED value at risk, kurtosis, market facilitation index, as well as the relationship between the semi variance and rate of daily change , to decide if NBS BANK LIMITED will be following its current price movements.
Auto-correlation
0.44
Average predictability
NBS BANK LIMITED has average predictability. Overlapping area represents the amount of predictability between NBS BANK time series from 17th of June 2024 to 15th of September 2024 and 15th of September 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 NBS BANK LIMITED price movement. The serial correlation of 0.44 indicates that just about 44.0% of current NBS BANK price fluctuation can be explain by its past prices.
Correlation Coefficient
0.44
Spearman Rank Test
0.1
Residual Average
0.0
Price Variance
1.23
NBS BANK LIMITED lagged returns against current returns
Autocorrelation, which is NBS 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 NBS BANK's stock expected returns. We can calculate the autocorrelation of NBS BANK returns to help us make a trade decision. For example, suppose you find that NBS 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
NBS 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 NBS BANK stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NBS BANK stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NBS BANK stock over time.
Current vs Lagged Prices
Timeline
NBS BANK Lagged Returns
When evaluating NBS BANK's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NBS BANK stock have on its future price. NBS 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, NBS BANK autocorrelation shows the relationship between NBS BANK stock current value and its past values and can show if there is a momentum factor associated with investing in NBS BANK LIMITED.
Regressed Prices
Timeline
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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.