National Stock Yards Stock Market Value
| NSYC Stock | USD 305.00 0.00 0.00% |
| Symbol | National |
National Stock '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 Stock's 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 National Stock.
| 01/16/2023 |
| 01/05/2025 |
If you would invest 0.00 in National Stock on January 16, 2023 and sell it all today you would earn a total of 0.00 from holding National Stock Yards or generate 0.0% return on investment in National Stock over 720 days. National Stock is related to or competes with Pardee Resources, Keweenaw Land, Merchants National, Burnham Holdings, and Monarch Cement. National Stock Yards Company engages in the auction of livestock More
National Stock 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 Stock's 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 National Stock Yards upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.99 | |||
| Information Ratio | 0.126 | |||
| Maximum Drawdown | 33.78 | |||
| Value At Risk | (4.76) | |||
| Potential Upside | 6.66 |
National Stock Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for National Stock's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as National Stock's standard deviation. In reality, there are many statistical measures that can use National Stock historical prices to predict the future National Stock's volatility.| Risk Adjusted Performance | 0.1146 | |||
| Jensen Alpha | 0.5341 | |||
| Total Risk Alpha | 0.4752 | |||
| Sortino Ratio | 0.1055 | |||
| Treynor Ratio | 1.46 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of National Stock's 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.
National Stock Yards Backtested Returns
National Stock appears to be out of control, given 3 months investment horizon. National Stock Yards 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. By analyzing National Stock's technical indicators, you can evaluate if the expected return of 0.55% is justified by implied risk. Please exercise National Stock's Mean Deviation of 2.0, risk adjusted performance of 0.1146, and Downside Deviation of 4.99 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, National Stock holds a performance score of 10. The company secures a Beta (Market Risk) of 0.37, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, National Stock's returns are expected to increase less than the market. However, during the bear market, the loss of holding National Stock is expected to be smaller as well. Please check National Stock's total risk alpha, potential upside, as well as the relationship between the Potential Upside and kurtosis , to make a quick decision on whether National Stock's current price movements will revert.
Auto-correlation | 0.27 |
Poor predictability
National Stock Yards has poor predictability. Overlapping area represents the amount of predictability between National Stock time series from 16th of January 2023 to 11th of January 2024 and 11th of January 2024 to 5th 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 Stock Yards price movement. The serial correlation of 0.27 indicates that nearly 27.0% of current National Stock price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.27 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 899.17 |
National Stock Yards lagged returns against current returns
Autocorrelation, which is National Stock 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 National Stock's pink sheet expected returns. We can calculate the autocorrelation of National Stock returns to help us make a trade decision. For example, suppose you find that National Stock 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 |
National Stock 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 Stock pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if National Stock pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in National Stock pink sheet over time.
Current vs Lagged Prices |
| Timeline |
National Stock Lagged Returns
When evaluating National Stock's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of National Stock pink sheet have on its future price. National Stock 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 Stock autocorrelation shows the relationship between National Stock pink sheet current value and its past values and can show if there is a momentum factor associated with investing in National Stock Yards.
Regressed Prices |
| Timeline |
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Other Information on Investing in National Pink Sheet
National Stock financial ratios help investors to determine whether National 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 National with respect to the benefits of owning National Stock security.