Bank Nationalnobu (Indonesia) Market Value
| NOBU Stock | IDR 685.00 10.00 1.48% |
| Symbol | Bank |
Bank Nationalnobu '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 Bank Nationalnobu'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 Bank Nationalnobu.
| 12/12/2022 |
| 12/01/2024 |
If you would invest 0.00 in Bank Nationalnobu on December 12, 2022 and sell it all today you would earn a total of 0.00 from holding Bank Nationalnobu Tbk or generate 0.0% return on investment in Bank Nationalnobu over 720 days. Bank Nationalnobu is related to or competes with HK Metals, Equity Development, Trinitan Metals, Garuda Metalindo, PT Bank, Mahaka Media, and Visi Media. PT Bank Nationalnobu Tbk provides general banking products and services More
Bank Nationalnobu 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 Bank Nationalnobu'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 Bank Nationalnobu Tbk upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.93 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 12.14 | |||
| Value At Risk | (2.80) | |||
| Potential Upside | 5.43 |
Bank Nationalnobu Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bank Nationalnobu's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bank Nationalnobu's standard deviation. In reality, there are many statistical measures that can use Bank Nationalnobu historical prices to predict the future Bank Nationalnobu's volatility.| Risk Adjusted Performance | 0.0456 | |||
| Jensen Alpha | 0.1093 | |||
| Total Risk Alpha | (0.27) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | (4.71) |
Bank Nationalnobu Tbk Backtested Returns
As of now, Bank Stock is very steady. Bank Nationalnobu Tbk secures Sharpe Ratio (or Efficiency) of 0.0737, which signifies that the company had a 0.0737% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Bank Nationalnobu Tbk, which you can use to evaluate the volatility of the firm. Please confirm Bank Nationalnobu's Downside Deviation of 1.93, risk adjusted performance of 0.0456, and Mean Deviation of 1.62 to double-check if the risk estimate we provide is consistent with the expected return of 0.17%. Bank Nationalnobu has a performance score of 5 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.0226, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Bank Nationalnobu are expected to decrease at a much lower rate. During the bear market, Bank Nationalnobu is likely to outperform the market. Bank Nationalnobu Tbk right now shows a risk of 2.29%. Please confirm Bank Nationalnobu Tbk jensen alpha, sortino ratio, maximum drawdown, as well as the relationship between the total risk alpha and treynor ratio , to decide if Bank Nationalnobu Tbk will be following its price patterns.
Auto-correlation | -0.25 |
Weak reverse predictability
Bank Nationalnobu Tbk has weak reverse predictability. Overlapping area represents the amount of predictability between Bank Nationalnobu time series from 12th of December 2022 to 7th of December 2023 and 7th of December 2023 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 Bank Nationalnobu Tbk price movement. The serial correlation of -0.25 indicates that over 25.0% of current Bank Nationalnobu price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.25 | |
| Spearman Rank Test | -0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 6588.34 |
Bank Nationalnobu Tbk lagged returns against current returns
Autocorrelation, which is Bank Nationalnobu 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 Bank Nationalnobu's stock expected returns. We can calculate the autocorrelation of Bank Nationalnobu returns to help us make a trade decision. For example, suppose you find that Bank Nationalnobu 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 |
Bank Nationalnobu 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 Bank Nationalnobu stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bank Nationalnobu stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bank Nationalnobu stock over time.
Current vs Lagged Prices |
| Timeline |
Bank Nationalnobu Lagged Returns
When evaluating Bank Nationalnobu's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bank Nationalnobu stock have on its future price. Bank Nationalnobu 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, Bank Nationalnobu autocorrelation shows the relationship between Bank Nationalnobu stock current value and its past values and can show if there is a momentum factor associated with investing in Bank Nationalnobu Tbk.
Regressed Prices |
| Timeline |
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Bank Nationalnobu financial ratios help investors to determine whether Bank 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 Bank with respect to the benefits of owning Bank Nationalnobu security.