Nedbank Group Stock Technical Analysis
| NDBKY Stock | USD 16.23 0.12 0.73% |
As of the 26th of November, Nedbank secures the Mean Deviation of 1.25, downside deviation of 1.59, and Risk Adjusted Performance of 0.0187. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Nedbank Group, as well as the relationship between them.
Nedbank Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Nedbank, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to NedbankNedbank |
Nedbank technical pink sheet 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, pink sheet market cycles, or different charting patterns.
Nedbank Group Technical Analysis
The output start index for this execution was one with a total number of output elements of sixty. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Nedbank Group volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Nedbank Group Trend Analysis
Use this graph to draw trend lines for Nedbank Group. You can use it to identify possible trend reversals for Nedbank as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Nedbank price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Nedbank Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Nedbank Group applied against its price change over selected period. The best fit line has a slop of 0 , which may suggest that Nedbank Group market price will keep on failing further. It has 122 observation points and a regression sum of squares at 0.0, which is the sum of squared deviations for the predicted Nedbank price change compared to its average price change.About Nedbank Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Nedbank Group on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Nedbank Group based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Nedbank Group price pattern first instead of the macroeconomic environment surrounding Nedbank Group. By analyzing Nedbank's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Nedbank's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Nedbank specific price patterns or momentum indicators. Please read more on our technical analysis page.
Nedbank November 26, 2024 Technical Indicators
Most technical analysis of Nedbank help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Nedbank from various momentum indicators to cycle indicators. When you analyze Nedbank charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
| Cycle Indicators | ||
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| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.0187 | |||
| Market Risk Adjusted Performance | 1.17 | |||
| Mean Deviation | 1.25 | |||
| Semi Deviation | 1.55 | |||
| Downside Deviation | 1.59 | |||
| Coefficient Of Variation | 5553.52 | |||
| Standard Deviation | 1.51 | |||
| Variance | 2.27 | |||
| Information Ratio | (0.07) | |||
| Jensen Alpha | 0.0154 | |||
| Total Risk Alpha | (0.22) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | 1.16 | |||
| Maximum Drawdown | 6.21 | |||
| Value At Risk | (2.51) | |||
| Potential Upside | 2.65 | |||
| Downside Variance | 2.53 | |||
| Semi Variance | 2.41 | |||
| Expected Short fall | (1.20) | |||
| Skewness | (0.01) | |||
| Kurtosis | (0.70) |
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.