North Dallas Bank Stock Market Value
| NODB Stock | USD 48.25 0.25 0.52% |
| Symbol | North |
North Dallas '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 North Dallas' pink sheet 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 North Dallas.
| 06/05/2024 |
| 12/02/2024 |
If you would invest 0.00 in North Dallas on June 5, 2024 and sell it all today you would earn a total of 0.00 from holding North Dallas Bank or generate 0.0% return on investment in North Dallas over 180 days. North Dallas is related to or competes with CCSB Financial, Delhi Bank, Bank of Utica, First Community, National Capital, Community Heritage, and Washington Business. North Dallas Bank Trust Co. provides personal and business banking products and services in Texas More
North Dallas 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 North Dallas' pink sheet 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 North Dallas Bank upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.69 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 7.28 | |||
| Value At Risk | (0.22) | |||
| Potential Upside | 0.9574 |
North Dallas Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for North Dallas' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as North Dallas' standard deviation. In reality, there are many statistical measures that can use North Dallas historical prices to predict the future North Dallas' volatility.| Risk Adjusted Performance | 0.1163 | |||
| Jensen Alpha | 0.1379 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | (0.65) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of North Dallas' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
North Dallas Bank Backtested Returns
At this point, North Dallas is very steady. North Dallas Bank has Sharpe Ratio of 0.13, which conveys that the firm had a 0.13% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for North Dallas, which you can use to evaluate the volatility of the firm. Please verify North Dallas' Risk Adjusted Performance of 0.1163, downside deviation of 1.69, and Mean Deviation of 0.3493 to check out if the risk estimate we provide is consistent with the expected return of 0.11%. North Dallas has a performance score of 10 on a scale of 0 to 100. The company secures a Beta (Market Risk) of -0.18, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning North Dallas are expected to decrease at a much lower rate. During the bear market, North Dallas is likely to outperform the market. North Dallas Bank right now secures a risk of 0.84%. Please verify North Dallas Bank skewness, day typical price, and the relationship between the downside variance and daily balance of power , to decide if North Dallas Bank will be following its current price movements.
Auto-correlation | 0.18 |
Very weak predictability
North Dallas Bank has very weak predictability. Overlapping area represents the amount of predictability between North Dallas time series from 5th of June 2024 to 3rd of September 2024 and 3rd of September 2024 to 2nd 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 North Dallas Bank price movement. The serial correlation of 0.18 indicates that over 18.0% of current North Dallas price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.18 | |
| Spearman Rank Test | 0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 1.34 |
North Dallas Bank lagged returns against current returns
Autocorrelation, which is North Dallas pink sheet'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 North Dallas' pink sheet expected returns. We can calculate the autocorrelation of North Dallas returns to help us make a trade decision. For example, suppose you find that North Dallas has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
North Dallas 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 North Dallas pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if North Dallas pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in North Dallas pink sheet over time.
Current vs Lagged Prices |
| Timeline |
North Dallas Lagged Returns
When evaluating North Dallas' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of North Dallas pink sheet have on its future price. North Dallas 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, North Dallas autocorrelation shows the relationship between North Dallas pink sheet current value and its past values and can show if there is a momentum factor associated with investing in North Dallas Bank.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in North Pink Sheet
North Dallas financial ratios help investors to determine whether North Pink Sheet 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 North with respect to the benefits of owning North Dallas security.