NATIONAL RURAL UTILS Market Value
| 63743FA22 | 85.45 0.00 0.00% |
| Symbol | NATIONAL |
NATIONAL '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'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 NATIONAL.
| 08/28/2024 |
| 11/26/2024 |
If you would invest 0.00 in NATIONAL on August 28, 2024 and sell it all today you would earn a total of 0.00 from holding NATIONAL RURAL UTILS or generate 0.0% return on investment in NATIONAL over 90 days. NATIONAL is related to or competes with Xponential Fitness, KNOT Offshore, 17 Education, 51Talk Online, WEBTOON Entertainment, Canlan Ice, and Universal Technical. More
NATIONAL 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'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 NATIONAL RURAL UTILS upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.44 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 10.42 | |||
| Value At Risk | (3.29) | |||
| Potential Upside | 3.93 |
NATIONAL Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NATIONAL's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NATIONAL's standard deviation. In reality, there are many statistical measures that can use NATIONAL historical prices to predict the future NATIONAL's volatility.| Risk Adjusted Performance | 0.0149 | |||
| Jensen Alpha | 0.0135 | |||
| Total Risk Alpha | (0.35) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 1.21 |
NATIONAL RURAL UTILS Backtested Returns
NATIONAL RURAL UTILS has Sharpe Ratio of -0.25, which conveys that the bond had a -0.25% return per unit of standard deviation over the last 3 months. NATIONAL exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify NATIONAL's downside deviation of 2.44, and Mean Deviation of 1.8 to check out the risk estimate we provide. The entity secures a Beta (Market Risk) of 0.0123, which conveys not very significant fluctuations relative to the market. As returns on the market increase, NATIONAL's returns are expected to increase less than the market. However, during the bear market, the loss of holding NATIONAL is expected to be smaller as well.
Auto-correlation | 0.58 |
Modest predictability
NATIONAL RURAL UTILS has modest predictability. Overlapping area represents the amount of predictability between NATIONAL time series from 28th of August 2024 to 12th of October 2024 and 12th of October 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 RURAL UTILS price movement. The serial correlation of 0.58 indicates that roughly 58.0% of current NATIONAL price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.58 | |
| Spearman Rank Test | -0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 7.5 |
NATIONAL RURAL UTILS lagged returns against current returns
Autocorrelation, which is NATIONAL 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 NATIONAL's bond expected returns. We can calculate the autocorrelation of NATIONAL returns to help us make a trade decision. For example, suppose you find that NATIONAL 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 |
NATIONAL 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 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NATIONAL bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NATIONAL bond over time.
Current vs Lagged Prices |
| Timeline |
NATIONAL Lagged Returns
When evaluating NATIONAL's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NATIONAL bond have on its future price. NATIONAL 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 autocorrelation shows the relationship between NATIONAL bond current value and its past values and can show if there is a momentum factor associated with investing in NATIONAL RURAL UTILS.
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 NATIONAL Bond
NATIONAL financial ratios help investors to determine whether NATIONAL 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 NATIONAL with respect to the benefits of owning NATIONAL security.