Nedbank (South Africa) Odds of Future Stock Price Finishing Over 29,055
| NED Stock | 28,289 159.00 0.56% |
Nedbank |
Nedbank Target Price Odds to finish over 29,055
The tendency of Nedbank Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to move above the current price in 90 days |
| 28,289 | 90 days | 28,289 | about 98.0 |
Based on a normal probability distribution, the odds of Nedbank to move above the current price in 90 days from now is about 98.0 (This Nedbank Group probability density function shows the probability of Nedbank Stock to fall within a particular range of prices over 90 days) .
Assuming the 90 days trading horizon Nedbank has a beta of 0.33. This indicates as returns on the market go up, Nedbank average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Nedbank Group will be expected to be much smaller as well. Additionally Nedbank Group has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Nedbank Price Density |
| Price |
Predictive Modules for Nedbank
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Nedbank Group. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Nedbank Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Nedbank is not an exception. The market had few large corrections towards the Nedbank's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Nedbank Group, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Nedbank within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.08 | |
β | Beta against Dow Jones | 0.33 | |
σ | Overall volatility | 584.28 | |
Ir | Information ratio | -0.08 |
Nedbank Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Nedbank for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Nedbank Group can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Nedbank Group generated a negative expected return over the last 90 days | |
| About 70.0% of the company shares are owned by institutional investors |
Nedbank Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Nedbank Stock often depends not only on the future outlook of the current and potential Nedbank's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Nedbank's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 494.8 M | |
| Cash And Short Term Investments | 64.4 B |
Nedbank Technical Analysis
Nedbank's future price can be derived by breaking down and analyzing its technical indicators over time. Nedbank Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Nedbank Group. In general, you should focus on analyzing Nedbank Stock price patterns and their correlations with different microeconomic environments and drivers.
Nedbank Predictive Forecast Models
Nedbank's time-series forecasting models is one of many Nedbank's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Nedbank's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Nedbank Group
Checking the ongoing alerts about Nedbank for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Nedbank Group help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Nedbank Group generated a negative expected return over the last 90 days | |
| About 70.0% of the company shares are owned by institutional investors |
Other Information on Investing in Nedbank Stock
Nedbank financial ratios help investors to determine whether Nedbank 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 Nedbank with respect to the benefits of owning Nedbank security.