NAB 2332 21 AUG 30 Market Value
| 632525AU5 | 80.15 5.50 6.42% |
| Symbol | 632525AU5 |
Please note, there is a significant difference between 632525AU5's value and its price as these two are different measures arrived at by different means. Investors typically determine if 632525AU5 is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 632525AU5's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
632525AU5 '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 632525AU5's bond 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 632525AU5.
| 11/20/2024 |
| 12/20/2024 |
If you would invest 0.00 in 632525AU5 on November 20, 2024 and sell it all today you would earn a total of 0.00 from holding NAB 2332 21 AUG 30 or generate 0.0% return on investment in 632525AU5 over 30 days. 632525AU5 is related to or competes with Eldorado Gold, Uranium Energy, Delta Air, and Aegean Airlines. More
632525AU5 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 632525AU5's bond 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 NAB 2332 21 AUG 30 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 4.92 | |||
| Value At Risk | (0.89) | |||
| Potential Upside | 0.8417 |
632525AU5 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 632525AU5's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 632525AU5's standard deviation. In reality, there are many statistical measures that can use 632525AU5 historical prices to predict the future 632525AU5's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.09) | |||
| Treynor Ratio | 0.8876 |
NAB 2332 21 Backtested Returns
NAB 2332 21 retains Efficiency (Sharpe Ratio) of -0.17, which signifies that the bond had a -0.17% return per unit of price deviation over the last 3 months. 632525AU5 exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm 632525AU5's Information Ratio of (0.07), market risk adjusted performance of 0.8976, and Mean Deviation of 0.528 to double-check the risk estimate we provide. The entity owns a Beta (Systematic Risk) of -0.065, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning 632525AU5 are expected to decrease at a much lower rate. During the bear market, 632525AU5 is likely to outperform the market.
Auto-correlation | -0.73 |
Almost perfect reverse predictability
NAB 2332 21 AUG 30 has almost perfect reverse predictability. Overlapping area represents the amount of predictability between 632525AU5 time series from 20th of November 2024 to 5th of December 2024 and 5th of December 2024 to 20th 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 NAB 2332 21 price movement. The serial correlation of -0.73 indicates that around 73.0% of current 632525AU5 price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.73 | |
| Spearman Rank Test | -0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 7.94 |
NAB 2332 21 lagged returns against current returns
Autocorrelation, which is 632525AU5 bond'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 632525AU5's bond expected returns. We can calculate the autocorrelation of 632525AU5 returns to help us make a trade decision. For example, suppose you find that 632525AU5 has exhibited high autocorrelation historically, and you observe that the bond 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 |
632525AU5 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 632525AU5 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 632525AU5 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 632525AU5 bond over time.
Current vs Lagged Prices |
| Timeline |
632525AU5 Lagged Returns
When evaluating 632525AU5's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 632525AU5 bond have on its future price. 632525AU5 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, 632525AU5 autocorrelation shows the relationship between 632525AU5 bond current value and its past values and can show if there is a momentum factor associated with investing in NAB 2332 21 AUG 30.
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 632525AU5 Bond
632525AU5 financial ratios help investors to determine whether 632525AU5 Bond 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 632525AU5 with respect to the benefits of owning 632525AU5 security.