National Australia Bank Stock Market Value
| NAUBF Stock | USD 25.40 0.00 0.00% |
| Symbol | National |
National Australia '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 Australia'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 National Australia.
| 10/07/2024 |
| 11/06/2024 |
If you would invest 0.00 in National Australia on October 7, 2024 and sell it all today you would earn a total of 0.00 from holding National Australia Bank or generate 0.0% return on investment in National Australia over 30 days. National Australia is related to or competes with Banco Bilbao, ABN AMRO, ING Groep, Bank of America, Mitsubishi UFJ, and Natwest Group. National Australia Bank Limited provides financial services to individuals and businesses in Australia, New Zealand, and... More
National Australia 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 Australia'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 National Australia Bank upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 24.7 | |||
| Potential Upside | 2.82 |
National Australia Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for National Australia's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as National Australia's standard deviation. In reality, there are many statistical measures that can use National Australia historical prices to predict the future National Australia's volatility.| Risk Adjusted Performance | 0.0022 | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.61) | |||
| Treynor Ratio | (0.08) |
National Australia Bank Backtested Returns
At this point, National Australia is not too volatile. National Australia Bank has Sharpe Ratio of 0.0457, which conveys that the firm had a 0.0457% return per unit of risk over the last 3 months. We have found eighteen technical indicators for National Australia, which you can use to evaluate the volatility of the firm. Please verify National Australia's Risk Adjusted Performance of 0.0022, mean deviation of 0.9817, and Standard Deviation of 3.1 to check out if the risk estimate we provide is consistent with the expected return of 0.13%. National Australia has a performance score of 3 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.43, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, National Australia's returns are expected to increase less than the market. However, during the bear market, the loss of holding National Australia is expected to be smaller as well. National Australia Bank right now secures a risk of 2.9%. Please verify National Australia Bank maximum drawdown, kurtosis, as well as the relationship between the Kurtosis and day typical price , to decide if National Australia Bank will be following its current price movements.
Auto-correlation | 0.00 |
No correlation between past and present
National Australia Bank has no correlation between past and present. Overlapping area represents the amount of predictability between National Australia time series from 7th of October 2024 to 22nd of October 2024 and 22nd of October 2024 to 6th 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 Australia Bank price movement. The serial correlation of 0.0 indicates that just 0.0% of current National Australia price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
National Australia Bank lagged returns against current returns
Autocorrelation, which is National Australia 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 National Australia's pink sheet expected returns. We can calculate the autocorrelation of National Australia returns to help us make a trade decision. For example, suppose you find that National Australia 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 |
National Australia 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 Australia pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if National Australia pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in National Australia pink sheet over time.
Current vs Lagged Prices |
| Timeline |
National Australia Lagged Returns
When evaluating National Australia's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of National Australia pink sheet have on its future price. National Australia 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 Australia autocorrelation shows the relationship between National Australia pink sheet current value and its past values and can show if there is a momentum factor associated with investing in National Australia Bank.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in National Pink Sheet
National Australia financial ratios help investors to determine whether National Pink Sheet 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 Australia security.