Nedbank Group Limited Stock Market Value
| NDBKF Stock | USD 16.92 0.00 0.00% |
| Symbol | Nedbank |
Nedbank Group '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 Nedbank Group'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 Nedbank Group.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in Nedbank Group on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding Nedbank Group Limited or generate 0.0% return on investment in Nedbank Group over 720 days. Nedbank Group is related to or competes with First Capital, Finward Bancorp, Community West, QCR Holdings, First Financial, First Foundation, and Heritage Financial. Nedbank Group Limited, together with its subsidiaries, provides various wholesale and retail banking services in South A... More
Nedbank Group 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 Nedbank Group'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 Nedbank Group Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 23.83 | |||
| Potential Upside | 0.7143 |
Nedbank Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nedbank Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nedbank Group's standard deviation. In reality, there are many statistical measures that can use Nedbank Group historical prices to predict the future Nedbank Group's volatility.| Risk Adjusted Performance | 0.036 | |||
| Jensen Alpha | 0.0373 | |||
| Total Risk Alpha | (0.29) | |||
| Treynor Ratio | 0.2562 |
Nedbank Group Limited Backtested Returns
At this point, Nedbank Group is out of control. Nedbank Group Limited has Sharpe Ratio of 0.0392, which conveys that the firm had a 0.0392% return per unit of risk over the last 3 months. We have found eighteen technical indicators for Nedbank Group, which you can use to evaluate the volatility of the firm. Please verify Nedbank Group's Standard Deviation of 2.18, mean deviation of 0.5616, and Risk Adjusted Performance of 0.036 to check out if the risk estimate we provide is consistent with the expected return of 0.0869%. Nedbank Group has a performance score of 3 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.29, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Nedbank Group's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nedbank Group is expected to be smaller as well. Nedbank Group Limited right now secures a risk of 2.22%. Please verify Nedbank Group Limited maximum drawdown, and the relationship between the variance and kurtosis , to decide if Nedbank Group Limited will be following its current price movements.
Auto-correlation | -0.29 |
Weak reverse predictability
Nedbank Group Limited has weak reverse predictability. Overlapping area represents the amount of predictability between Nedbank Group time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 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 Nedbank Group Limited price movement. The serial correlation of -0.29 indicates that nearly 29.0% of current Nedbank Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.29 | |
| Spearman Rank Test | -0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 7.19 |
Nedbank Group Limited lagged returns against current returns
Autocorrelation, which is Nedbank Group 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 Nedbank Group's pink sheet expected returns. We can calculate the autocorrelation of Nedbank Group returns to help us make a trade decision. For example, suppose you find that Nedbank Group 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 |
Nedbank Group 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 Nedbank Group pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nedbank Group pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nedbank Group pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Nedbank Group Lagged Returns
When evaluating Nedbank Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nedbank Group pink sheet have on its future price. Nedbank Group 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, Nedbank Group autocorrelation shows the relationship between Nedbank Group pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Nedbank Group Limited.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Nedbank Pink Sheet
Nedbank Group financial ratios help investors to determine whether Nedbank 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 Nedbank with respect to the benefits of owning Nedbank Group security.