National Bank (Germany) Market Value
| NBC Stock | EUR 88.26 0.60 0.68% |
| Symbol | National |
National 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 National 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 National Bank.
| 10/25/2024 |
| 01/23/2025 |
If you would invest 0.00 in National Bank on October 25, 2024 and sell it all today you would earn a total of 0.00 from holding National Bank of or generate 0.0% return on investment in National Bank over 90 days. National Bank is related to or competes with Discover Financial, ANGANG STEEL, RELIANCE STEEL, Virtu Financial, SUN LIFE, and Synovus Financial. National Bank of Canada provides various financial products and services to retail, commercial, corporate, and instituti... More
National 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 National 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 National Bank of upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.31 | |||
| Information Ratio | 0.009 | |||
| Maximum Drawdown | 5.55 | |||
| Value At Risk | (1.73) | |||
| Potential Upside | 1.48 |
National Bank Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for National Bank's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as National Bank's standard deviation. In reality, there are many statistical measures that can use National Bank historical prices to predict the future National Bank's volatility.| Risk Adjusted Performance | 0.0389 | |||
| Jensen Alpha | 0.0317 | |||
| Total Risk Alpha | 0.0043 | |||
| Sortino Ratio | 0.0068 | |||
| Treynor Ratio | 0.3368 |
National Bank Backtested Returns
At this point, National Bank is very steady. National Bank has Sharpe Ratio of 0.0419, which conveys that the firm had a 0.0419 % return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for National Bank, which you can use to evaluate the volatility of the firm. Please verify National Bank's Risk Adjusted Performance of 0.0389, downside deviation of 1.31, and Mean Deviation of 0.6929 to check out if the risk estimate we provide is consistent with the expected return of 0.0439%. National Bank has a performance score of 3 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.1, which conveys not very significant fluctuations relative to the market. As returns on the market increase, National Bank's returns are expected to increase less than the market. However, during the bear market, the loss of holding National Bank is expected to be smaller as well. National Bank right now secures a risk of 1.05%. Please verify National Bank of maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to decide if National Bank of will be following its current price movements.
Auto-correlation | 0.41 |
Average predictability
National Bank of has average predictability. Overlapping area represents the amount of predictability between National Bank time series from 25th of October 2024 to 9th of December 2024 and 9th of December 2024 to 23rd of January 2025. 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 Bank price movement. The serial correlation of 0.41 indicates that just about 41.0% of current National Bank price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.41 | |
| Spearman Rank Test | 0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 0.9 |
National Bank lagged returns against current returns
Autocorrelation, which is National 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 National Bank's stock expected returns. We can calculate the autocorrelation of National Bank returns to help us make a trade decision. For example, suppose you find that National 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 |
National 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 National Bank stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if National Bank stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in National Bank stock over time.
Current vs Lagged Prices |
| Timeline |
National Bank Lagged Returns
When evaluating National Bank's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of National Bank stock have on its future price. National 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, National Bank autocorrelation shows the relationship between National Bank stock current value and its past values and can show if there is a momentum factor associated with investing in National Bank of.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in National Stock
National Bank financial ratios help investors to determine whether National 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 National with respect to the benefits of owning National Bank security.