National Grid (Germany) Market Value
| NNGF Stock | 11.50 0.40 3.60% |
| Symbol | National |
National Grid '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 Grid'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 Grid.
| 10/25/2024 |
| 01/23/2025 |
If you would invest 0.00 in National Grid on October 25, 2024 and sell it all today you would earn a total of 0.00 from holding National Grid PLC or generate 0.0% return on investment in National Grid over 90 days. National Grid is related to or competes with NTT DATA, Townsquare Media, Fuji Media, Pembina Pipeline, TOWNSQUARE MEDIA, Nexstar Media, and LINMON MEDIA. More
National Grid 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 Grid'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 Grid PLC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 5.02 | |||
| Value At Risk | (1.75) | |||
| Potential Upside | 2.53 |
National Grid Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for National Grid's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as National Grid's standard deviation. In reality, there are many statistical measures that can use National Grid historical prices to predict the future National Grid's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.12) | |||
| Treynor Ratio | (0.19) |
National Grid PLC Backtested Returns
National Grid PLC has Sharpe Ratio of -0.0421, which conveys that the firm had a -0.0421 % return per unit of risk over the last 3 months. National Grid exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify National Grid's Risk Adjusted Performance of (0.04), mean deviation of 0.94, and Standard Deviation of 1.3 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.44, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, National Grid's returns are expected to increase less than the market. However, during the bear market, the loss of holding National Grid is expected to be smaller as well. At this point, National Grid PLC has a negative expected return of -0.0552%. Please make sure to verify National Grid's skewness, accumulation distribution, and the relationship between the potential upside and kurtosis , to decide if National Grid PLC performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.1 |
Very weak reverse predictability
National Grid PLC has very weak reverse predictability. Overlapping area represents the amount of predictability between National Grid 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 Grid PLC price movement. The serial correlation of -0.1 indicates that less than 10.0% of current National Grid price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.1 | |
| Spearman Rank Test | 0.54 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
National Grid PLC lagged returns against current returns
Autocorrelation, which is National Grid 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 Grid's stock expected returns. We can calculate the autocorrelation of National Grid returns to help us make a trade decision. For example, suppose you find that National Grid 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 Grid 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 Grid stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if National Grid stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in National Grid stock over time.
Current vs Lagged Prices |
| Timeline |
National Grid Lagged Returns
When evaluating National Grid's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of National Grid stock have on its future price. National Grid 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 Grid autocorrelation shows the relationship between National Grid stock current value and its past values and can show if there is a momentum factor associated with investing in National Grid PLC.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for National Stock Analysis
When running National Grid's price analysis, check to measure National Grid'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 Grid is operating at the current time. Most of National Grid's value examination focuses on studying past and present price action to predict the probability of National Grid'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 Grid's price. Additionally, you may evaluate how the addition of National Grid to your portfolios can decrease your overall portfolio volatility.