NAB 2648 14 JAN 41 Market Value
| 632525AW1 | 69.21 0.40 0.58% |
| Symbol | 632525AW1 |
Please note, there is a significant difference between 632525AW1's value and its price as these two are different measures arrived at by different means. Investors typically determine if 632525AW1 is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 632525AW1'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.
632525AW1 '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 632525AW1'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 632525AW1.
| 11/21/2024 |
| 12/21/2024 |
If you would invest 0.00 in 632525AW1 on November 21, 2024 and sell it all today you would earn a total of 0.00 from holding NAB 2648 14 JAN 41 or generate 0.0% return on investment in 632525AW1 over 30 days. 632525AW1 is related to or competes with Seadrill, Sapiens International, Q2 Holdings, Kaltura, Joint Stock, Yuexiu Transport, and Lion One. More
632525AW1 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 632525AW1'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 2648 14 JAN 41 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.02 | |||
| Information Ratio | 0.0413 | |||
| Maximum Drawdown | 10.57 | |||
| Value At Risk | (1.72) | |||
| Potential Upside | 2.26 |
632525AW1 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 632525AW1's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 632525AW1's standard deviation. In reality, there are many statistical measures that can use 632525AW1 historical prices to predict the future 632525AW1's volatility.| Risk Adjusted Performance | 0.0508 | |||
| Jensen Alpha | 0.1174 | |||
| Total Risk Alpha | 0.0514 | |||
| Sortino Ratio | 0.0449 | |||
| Treynor Ratio | (0.54) |
NAB 2648 14 Backtested Returns
NAB 2648 14 retains Efficiency (Sharpe Ratio) of -0.22, which signifies that the bond had a -0.22% return per unit of price deviation over the last 3 months. 632525AW1 exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm 632525AW1's Standard Deviation of 2.19, market risk adjusted performance of (0.53), and Mean Deviation of 1.27 to double-check the risk estimate we provide. The entity owns a Beta (Systematic Risk) of -0.21, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning 632525AW1 are expected to decrease at a much lower rate. During the bear market, 632525AW1 is likely to outperform the market.
Auto-correlation | 0.27 |
Poor predictability
NAB 2648 14 JAN 41 has poor predictability. Overlapping area represents the amount of predictability between 632525AW1 time series from 21st of November 2024 to 6th of December 2024 and 6th of December 2024 to 21st 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 2648 14 price movement. The serial correlation of 0.27 indicates that nearly 27.0% of current 632525AW1 price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.27 | |
| Spearman Rank Test | 0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.18 |
NAB 2648 14 lagged returns against current returns
Autocorrelation, which is 632525AW1 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 632525AW1's bond expected returns. We can calculate the autocorrelation of 632525AW1 returns to help us make a trade decision. For example, suppose you find that 632525AW1 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 |
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632525AW1 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 632525AW1 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 632525AW1 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 632525AW1 bond over time.
Current vs Lagged Prices |
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632525AW1 Lagged Returns
When evaluating 632525AW1's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 632525AW1 bond have on its future price. 632525AW1 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, 632525AW1 autocorrelation shows the relationship between 632525AW1 bond current value and its past values and can show if there is a momentum factor associated with investing in NAB 2648 14 JAN 41.
Regressed Prices |
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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 632525AW1 Bond
632525AW1 financial ratios help investors to determine whether 632525AW1 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 632525AW1 with respect to the benefits of owning 632525AW1 security.