National Australia (Australia) Market Value
| NAB Stock | 39.10 0.43 1.09% |
| Symbol | National |
National Australia '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 National Australia'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 National Australia.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in National Australia on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding National Australia Bank or generate 0.0% return on investment in National Australia over 30 days. National Australia is related to or competes with Hudson Investment, REGAL ASIAN, WiseTech Global, Flagship Investments, Clime Investment, and Diversified United. National Australia is entity of Australia More
National Australia 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 National Australia'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 National Australia Bank upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.44 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 4.47 | |||
| Value At Risk | (2.13) | |||
| Potential Upside | 1.47 |
National Australia Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for National Australia's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as National Australia's standard deviation. In reality, there are many statistical measures that can use National Australia historical prices to predict the future National Australia's volatility.| Risk Adjusted Performance | 0.054 | |||
| Jensen Alpha | 0.0198 | |||
| Total Risk Alpha | (0.13) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.1825 |
National Australia Bank Backtested Returns
Currently, National Australia Bank is very steady. National Australia Bank has Sharpe Ratio of 0.0501, which conveys that the firm had a 0.0501% return per unit of risk over the last 3 months. We have found thirty technical indicators for National Australia, which you can use to evaluate the volatility of the firm. Please verify National Australia's Risk Adjusted Performance of 0.054, downside deviation of 1.44, and Mean Deviation of 0.9054 to check out if the risk estimate we provide is consistent with the expected return of 0.0568%. National Australia has a performance score of 3 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.36, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, National Australia's returns are expected to increase less than the market. However, during the bear market, the loss of holding National Australia is expected to be smaller as well. National Australia Bank right now secures a risk of 1.13%. Please verify National Australia Bank sortino ratio, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to decide if National Australia Bank will be following its current price movements.
Auto-correlation | -0.15 |
Insignificant reverse predictability
National Australia Bank has insignificant reverse predictability. Overlapping area represents the amount of predictability between National Australia time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st 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 National Australia Bank price movement. The serial correlation of -0.15 indicates that less than 15.0% of current National Australia price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.15 | |
| Spearman Rank Test | -0.69 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
National Australia Bank lagged returns against current returns
Autocorrelation, which is National Australia 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 National Australia's stock expected returns. We can calculate the autocorrelation of National Australia returns to help us make a trade decision. For example, suppose you find that National Australia 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 |
National Australia 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 National Australia stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if National Australia stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in National Australia stock over time.
Current vs Lagged Prices |
| Timeline |
National Australia Lagged Returns
When evaluating National Australia's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of National Australia stock have on its future price. National Australia 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, National Australia autocorrelation shows the relationship between National Australia stock current value and its past values and can show if there is a momentum factor associated with investing in National Australia Bank.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for National Stock Analysis
When running National Australia's price analysis, check to measure National Australia's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy National Australia is operating at the current time. Most of National Australia's value examination focuses on studying past and present price action to predict the probability of National Australia's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move National Australia's price. Additionally, you may evaluate how the addition of National Australia to your portfolios can decrease your overall portfolio volatility.