National Bank (Germany) Market Value
| NB9 Stock | EUR 44.80 1.20 2.75% |
| Symbol | National |
National Bank '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 Bank'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 Bank.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in National Bank on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding National Bank Holdings or generate 0.0% return on investment in National Bank over 510 days. National Bank is related to or competes with Superior Plus, NMI Holdings, Origin Agritech, SIVERS SEMICONDUCTORS, Talanx AG, NorAm Drilling, and Identiv. National Bank Holdings Corporation operates as the bank holding company for NBH Bank, N.A More
National Bank 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 Bank'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 Bank Holdings upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.16 | |||
| Information Ratio | 0.0788 | |||
| Maximum Drawdown | 16.85 | |||
| Value At Risk | (2.99) | |||
| Potential Upside | 4.02 |
National Bank Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for National Bank's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as National Bank's standard deviation. In reality, there are many statistical measures that can use National Bank historical prices to predict the future National Bank's volatility.| Risk Adjusted Performance | 0.1051 | |||
| Jensen Alpha | 0.3655 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | 0.0948 | |||
| Treynor Ratio | (0.92) |
National Bank Holdings Backtested Returns
National Bank appears to be very steady, given 3 months investment horizon. National Bank Holdings has Sharpe Ratio of 0.12, which conveys that the firm had a 0.12% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for National Bank, which you can use to evaluate the volatility of the firm. Please exercise National Bank's Risk Adjusted Performance of 0.1051, mean deviation of 1.73, and Downside Deviation of 2.16 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, National Bank holds a performance score of 9. The company secures a Beta (Market Risk) of -0.35, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning National Bank are expected to decrease at a much lower rate. During the bear market, National Bank is likely to outperform the market. Please check National Bank's maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to make a quick decision on whether National Bank's current price movements will revert.
Auto-correlation | 0.42 |
Average predictability
National Bank Holdings has average predictability. Overlapping area represents the amount of predictability between National Bank time series from 5th of July 2023 to 16th of March 2024 and 16th of March 2024 to 26th of November 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 National Bank Holdings price movement. The serial correlation of 0.42 indicates that just about 42.0% of current National Bank price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.42 | |
| Spearman Rank Test | 0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 16.77 |
National Bank Holdings lagged returns against current returns
Autocorrelation, which is National Bank 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 Bank's stock expected returns. We can calculate the autocorrelation of National Bank returns to help us make a trade decision. For example, suppose you find that National Bank 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 Bank 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 Bank stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if National Bank stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in National Bank stock over time.
Current vs Lagged Prices |
| Timeline |
National Bank Lagged Returns
When evaluating National Bank's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of National Bank stock have on its future price. National Bank 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 Bank autocorrelation shows the relationship between National Bank stock current value and its past values and can show if there is a momentum factor associated with investing in National Bank Holdings.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in National Stock
When determining whether National Bank Holdings offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of National Bank's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of National Bank Holdings Stock. Outlined below are crucial reports that will aid in making a well-informed decision on National Bank Holdings Stock:Check out National Bank Correlation, National Bank Volatility and National Bank Alpha and Beta module to complement your research on National Bank. You can also try the Money Managers module to screen money managers from public funds and ETFs managed around the world.
National Bank 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.