NBNAUS 25 08 JAN 32 Market Value
| 62878U2E1 | 78.76 6.58 7.71% |
| Symbol | NBNAUS |
Please note, there is a significant difference between NBNAUS's value and its price as these two are different measures arrived at by different means. Investors typically determine if NBNAUS is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NBNAUS's 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.
NBNAUS '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 NBNAUS's bond 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 NBNAUS.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in NBNAUS on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding NBNAUS 25 08 JAN 32 or generate 0.0% return on investment in NBNAUS over 30 days. NBNAUS is related to or competes with ATT, Home Depot, Cisco Systems, Dupont De, GE Aerospace, Johnson Johnson, and Intel. More
NBNAUS 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 NBNAUS's bond 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 NBNAUS 25 08 JAN 32 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 14.2 | |||
| Value At Risk | (1.16) | |||
| Potential Upside | 1.29 |
NBNAUS Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NBNAUS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NBNAUS's standard deviation. In reality, there are many statistical measures that can use NBNAUS historical prices to predict the future NBNAUS's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.50) | |||
| Treynor Ratio | (0.28) |
NBNAUS 25 08 Backtested Returns
NBNAUS 25 08 has Sharpe Ratio of -0.089, which conveys that the bond had a -0.089% return per unit of volatility over the last 3 months. NBNAUS exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify NBNAUS's Standard Deviation of 2.48, mean deviation of 1.02, and Market Risk Adjusted Performance of (0.27) to check out the risk estimate we provide. The entity secures a Beta (Market Risk) of 0.31, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, NBNAUS's returns are expected to increase less than the market. However, during the bear market, the loss of holding NBNAUS is expected to be smaller as well.
Auto-correlation | 0.84 |
Very good predictability
NBNAUS 25 08 JAN 32 has very good predictability. Overlapping area represents the amount of predictability between NBNAUS time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 NBNAUS 25 08 price movement. The serial correlation of 0.84 indicates that around 84.0% of current NBNAUS price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.84 | |
| Spearman Rank Test | 0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 8.79 |
NBNAUS 25 08 lagged returns against current returns
Autocorrelation, which is NBNAUS bond'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 NBNAUS's bond expected returns. We can calculate the autocorrelation of NBNAUS returns to help us make a trade decision. For example, suppose you find that NBNAUS has exhibited high autocorrelation historically, and you observe that the bond 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 |
NBNAUS 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 NBNAUS bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NBNAUS bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NBNAUS bond over time.
Current vs Lagged Prices |
| Timeline |
NBNAUS Lagged Returns
When evaluating NBNAUS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NBNAUS bond have on its future price. NBNAUS 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, NBNAUS autocorrelation shows the relationship between NBNAUS bond current value and its past values and can show if there is a momentum factor associated with investing in NBNAUS 25 08 JAN 32.
Regressed Prices |
| Timeline |
Also Currently Popular
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.Other Information on Investing in NBNAUS Bond
NBNAUS financial ratios help investors to determine whether NBNAUS Bond 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 NBNAUS with respect to the benefits of owning NBNAUS security.