Nedbank (South Africa) Price on November 15, 2024
| NED Stock | 28,878 44.00 0.15% |
If you're considering investing in Nedbank Stock, it is important to understand the factors that can impact its price. As of today, the current price of Nedbank stands at 28,878, as last reported on the 30th of November, with the highest price reaching 29,370 and the lowest price hitting 28,642 during the day. At this point, Nedbank is very steady. Nedbank Group has Sharpe Ratio of 0.0115, which conveys that the firm had a 0.0115% return per unit of risk over the last 3 months. We have found thirty technical indicators for Nedbank, which you can use to evaluate the volatility of the firm. Please verify Nedbank's Risk Adjusted Performance of 0.0091, downside deviation of 1.14, and Mean Deviation of 0.8857 to check out if the risk estimate we provide is consistent with the expected return of 0.0129%.
Nedbank Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Nedbank |
Sharpe Ratio = 0.0115
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | NED |
Estimated Market Risk
| 1.12 actual daily | 9 91% of assets are more volatile |
Expected Return
| 0.01 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.01 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Nedbank is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Nedbank by adding Nedbank to a well-diversified portfolio.
Nedbank Valuation on November 15, 2024
It is possible to determine the worth of Nedbank on a given historical date. On November 15, 2024 Nedbank was worth 29179.0 at the beginning of the trading date compared to the closed value of 28960.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Nedbank stock. Still, in general, we apply an absolute valuation method to find Nedbank's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Nedbank where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Nedbank's related companies.
| Open | High | Low | Close | Volume | |
| 29,059 | 29,474 | 28,842 | 29,177 | 958,436 | |
11/15/2024 | 29,179 | 29,286 | 28,736 | 28,960 | 1,042,679 |
| 29,100 | 29,299 | 28,762 | 28,944 | 784,911 |
| Backtest Nedbank | | | Nedbank History | | | Nedbank Valuation | Previous | Next |
Nedbank Trading Date Momentum on November 15, 2024
| On November 18 2024 Nedbank Group was traded for 28,944 at the closing time. The highest price during the trading period was 29,299 and the lowest recorded bid was listed for 28,762 . The volume for the day was 784.9 K. This history from November 18, 2024 contributed to the next trading day price decline. The trading delta at closing time to the next closing price was 0.06% . The trading delta at closing time to the current price is 1.17% . |
Nedbank Group Fundamentals Correlations and Trends
By evaluating Nedbank's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Nedbank's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Nedbank financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Nedbank Stock history
Nedbank investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Nedbank is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Nedbank Group will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Nedbank stock prices may prove useful in developing a viable investing in Nedbank
Nedbank Stock Technical Analysis
Nedbank technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Nedbank Period Price Range
Low | November 30, 2024
| High |
0.00 | 0.00 |
Nedbank Group cannot be verified against its exchange. Please verify the symbol is currently traded on Johannesburg Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Nedbank November 30, 2024 Market Strength
Market strength indicators help investors to evaluate how Nedbank stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Nedbank shares will generate the highest return on investment. By undertsting and applying Nedbank stock market strength indicators, traders can identify Nedbank Group entry and exit signals to maximize returns
Nedbank Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Nedbank's price direction in advance. Along with the technical and fundamental analysis of Nedbank Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Nedbank to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0091 | |||
| Jensen Alpha | 0.009 | |||
| Total Risk Alpha | (0.19) | |||
| Sortino Ratio | (0.11) | |||
| Treynor Ratio | 0.0163 |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Complementary Tools for Nedbank Stock analysis
When running Nedbank's price analysis, check to measure Nedbank'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 Nedbank is operating at the current time. Most of Nedbank's value examination focuses on studying past and present price action to predict the probability of Nedbank's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nedbank's price. Additionally, you may evaluate how the addition of Nedbank to your portfolios can decrease your overall portfolio volatility.
| Price Exposure Probability Analyze equity upside and downside potential for a given time horizon across multiple markets | |
| Stock Screener Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook. | |
| Portfolio Analyzer Portfolio analysis module that provides access to portfolio diagnostics and optimization engine | |
| Idea Analyzer Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas | |
| Analyst Advice Analyst recommendations and target price estimates broken down by several categories | |
| FinTech Suite Use AI to screen and filter profitable investment opportunities | |
| Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated | |
| Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments | |
| Pattern Recognition Use different Pattern Recognition models to time the market across multiple global exchanges |