National Bankshares Stock Market Value
| NKSH Stock | USD 32.04 1.32 4.30% |
| Symbol | National |
National Bankshares Price To Book Ratio
Is Regional Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of National Bankshares. If investors know National will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about National Bankshares listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.19) | Dividend Share 1.51 | Earnings Share 1.46 | Revenue Per Share 7.192 | Quarterly Revenue Growth 0.051 |
The market value of National Bankshares is measured differently than its book value, which is the value of National that is recorded on the company's balance sheet. Investors also form their own opinion of National Bankshares' value that differs from its market value or its book value, called intrinsic value, which is National Bankshares' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because National Bankshares' market value can be influenced by many factors that don't directly affect National Bankshares' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between National Bankshares' value and its price as these two are different measures arrived at by different means. Investors typically determine if National Bankshares is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, National Bankshares' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
National Bankshares '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 Bankshares' 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 Bankshares.
| 04/02/2023 |
| 11/22/2024 |
If you would invest 0.00 in National Bankshares on April 2, 2023 and sell it all today you would earn a total of 0.00 from holding National Bankshares or generate 0.0% return on investment in National Bankshares over 600 days. National Bankshares is related to or competes with Finward Bancorp, Community West, First Financial, Oak Valley, Home Federal, First Northwest, and First Community. National Bankshares, Inc. operates as the bank holding company for the National Bank of Blacksburg that provides retail ... More
National Bankshares 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 Bankshares' 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 Bankshares upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.32 | |||
| Information Ratio | (0) | |||
| Maximum Drawdown | 10.92 | |||
| Value At Risk | (3.48) | |||
| Potential Upside | 3.67 |
National Bankshares Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for National Bankshares' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as National Bankshares' standard deviation. In reality, there are many statistical measures that can use National Bankshares historical prices to predict the future National Bankshares' volatility.| Risk Adjusted Performance | 0.0412 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.21) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | 0.0684 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of National Bankshares' 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 Bankshares Backtested Returns
National Bankshares is very steady at the moment. National Bankshares has Sharpe Ratio of 0.045, which conveys that the firm had a 0.045% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for National Bankshares, which you can use to evaluate the volatility of the firm. Please verify National Bankshares' Mean Deviation of 1.87, risk adjusted performance of 0.0412, and Downside Deviation of 2.32 to check out if the risk estimate we provide is consistent with the expected return of 0.11%. National Bankshares has a performance score of 3 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 1.4, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, National Bankshares will likely underperform. National Bankshares right now secures a risk of 2.36%. Please verify National Bankshares potential upside, as well as the relationship between the kurtosis and day typical price , to decide if National Bankshares will be following its current price movements.
Auto-correlation | 0.05 |
Virtually no predictability
National Bankshares has virtually no predictability. Overlapping area represents the amount of predictability between National Bankshares time series from 2nd of April 2023 to 27th of January 2024 and 27th of January 2024 to 22nd 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 Bankshares price movement. The serial correlation of 0.05 indicates that only as little as 5.0% of current National Bankshares price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.05 | |
| Spearman Rank Test | -0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 2.54 |
National Bankshares lagged returns against current returns
Autocorrelation, which is National Bankshares 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 Bankshares' stock expected returns. We can calculate the autocorrelation of National Bankshares returns to help us make a trade decision. For example, suppose you find that National Bankshares 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 |
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National Bankshares 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 Bankshares stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if National Bankshares stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in National Bankshares stock over time.
Current vs Lagged Prices |
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National Bankshares Lagged Returns
When evaluating National Bankshares' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of National Bankshares stock have on its future price. National Bankshares 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 Bankshares autocorrelation shows the relationship between National Bankshares stock current value and its past values and can show if there is a momentum factor associated with investing in National Bankshares.
Regressed Prices |
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Currently Active Assets on Macroaxis
When determining whether National Bankshares offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of National Bankshares' 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 Bankshares Stock. Outlined below are crucial reports that will aid in making a well-informed decision on National Bankshares Stock:Check out National Bankshares Correlation, National Bankshares Volatility and National Bankshares Alpha and Beta module to complement your research on National Bankshares. For more detail on how to invest in National Stock please use our How to Invest in National Bankshares guide.You can also try the Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.
National Bankshares 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.