Nedbank Group Stock Market Value
| NDBKY Stock | USD 16.23 0.12 0.73% |
| Symbol | Nedbank |
Nedbank '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'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.
| 01/31/2024 |
| 11/26/2024 |
If you would invest 0.00 in Nedbank on January 31, 2024 and sell it all today you would earn a total of 0.00 from holding Nedbank Group or generate 0.0% return on investment in Nedbank over 300 days. Nedbank is related to or competes with Standard Bank, Sanlam, Absa Group, Bank Mandiri, and Kasikornbank Public. Nedbank Group Limited, together with its subsidiaries, provides various wholesale and retail banking services in South A... More
Nedbank 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'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 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.54 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 6.21 | |||
| Value At Risk | (2.51) | |||
| Potential Upside | 2.65 |
Nedbank Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nedbank's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nedbank's standard deviation. In reality, there are many statistical measures that can use Nedbank historical prices to predict the future Nedbank's volatility.| Risk Adjusted Performance | 0.0267 | |||
| Jensen Alpha | 0.0345 | |||
| Total Risk Alpha | (0.20) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | (2.12) |
Nedbank Group Backtested Returns
At this stage we consider Nedbank Pink Sheet to be not too volatile. Nedbank Group has Sharpe Ratio of 0.0283, which conveys that the firm had a 0.0283% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Nedbank, which you can use to evaluate the volatility of the firm. Please verify Nedbank's Downside Deviation of 1.54, risk adjusted performance of 0.0267, and Mean Deviation of 1.23 to check out if the risk estimate we provide is consistent with the expected return of 0.042%. Nedbank has a performance score of 2 on a scale of 0 to 100. The company secures a Beta (Market Risk) of -0.0154, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Nedbank are expected to decrease at a much lower rate. During the bear market, Nedbank is likely to outperform the market. Nedbank Group right now secures a risk of 1.48%. Please verify Nedbank Group downside variance, and the relationship between the total risk alpha and daily balance of power , to decide if Nedbank Group will be following its current price movements.
Auto-correlation | 0.48 |
Average predictability
Nedbank Group has average predictability. Overlapping area represents the amount of predictability between Nedbank time series from 31st of January 2024 to 29th of June 2024 and 29th of June 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 Nedbank Group price movement. The serial correlation of 0.48 indicates that about 48.0% of current Nedbank price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.48 | |
| Spearman Rank Test | 0.66 | |
| Residual Average | 0.0 | |
| Price Variance | 1.59 |
Nedbank Group lagged returns against current returns
Autocorrelation, which is Nedbank 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's pink sheet expected returns. We can calculate the autocorrelation of Nedbank returns to help us make a trade decision. For example, suppose you find that Nedbank 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 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 pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nedbank 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 pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Nedbank Lagged Returns
When evaluating Nedbank's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nedbank pink sheet have on its future price. Nedbank 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 autocorrelation shows the relationship between Nedbank pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Nedbank Group.
Regressed Prices |
| Timeline |
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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.Additional Tools for Nedbank Pink Sheet 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.