National Bank (Germany) Backtesting

NB9 -- Germany Stock  

EUR 30.00  0.30  1.01%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of National Bank Holdings Corporation and determine expected loss or profit from investing in National Bank over given investment horizon. Please see also National Bank Hype Analysis, National Bank Correlation, National Bank Valuation, National Bank Volatility as well as analyze National Bank Alpha and Beta and National Bank Performance.
Horizon     30 Days    Login   to change
SymbolX
Backtest

National Bank 'What if' Analysis

October 16, 2018
0.00
No Change 0.00  0.0%
In 2 months and 2 days
December 15, 2018
0.00
If you would invest  0.00  in National Bank on October 16, 2018 and sell it all today you would earn a total of 0.00 from holding National Bank Holdings Corporation or generate 0.0% return on investment in National Bank over 60 days. National Bank is related to or competes with TFS Financial, Hilltop Holdings, German American, and 11 Drillisch. National Bank Holdings Corporation operates as the bank holding company for NBH Bank, N.A

National Bank Upside/Downside Indicators

Maximum Drawdown9.87
Value At Risk(3.25)
Potential Upside2.92
  

National Bank Market Premium Indicators

Risk Adjusted Performance0.01

National Bank Holdings Backtested Returns

Macroaxis considers National Bank to be not too volatile. National Bank Holdings has Sharpe Ratio of -0.0153 which conveys that National Bank Holdings had -0.0153% of return per unit of risk over the last 2 months. Macroaxis philosophy towards estimating risk of any stock is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators. National Bank exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to verify National Bank Holdings Corporation Mean Deviation of 1.52 and Risk Adjusted Performance of 0.01 to check out risk estimate we provide. Macroaxis gives National Bank performance score of 0 on a scale of 0 to 100. The company secures Beta (Market Risk) of 0.0 which conveys that the returns on MARKET and National Bank are completely uncorrelated. Even though it is essential to pay attention to National Bank Holdings price patterns, it is always good to be careful when utilizing equity historical price patterns. Macroaxis philosophy towards estimating future performance of any stock is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. National Bank exposes twenty-one different technical indicators which can help you to evaluate its performance. National Bank Holdings has expected return of -0.0303%. Please be advised to verify National Bank Holdings Corporation Maximum Drawdown, Potential Upside and the relationship between Treynor Ratio and Value At Risk to decide if National Bank Holdings past performance will be repeated at some point in the near future.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.60) 
correlation synergy

Good reverse predictability

National Bank Holdings Corporation has good reverse predictability. Overlapping area represents the amount of predictability between National Bank time series from October 16, 2018 to November 15, 2018 and November 15, 2018 to December 15, 2018. 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 Bank Holdings price movement. The serial correlation of -0.6 indicates that roughly 60.0% of current National Bank price fluctuation can be explain by its past prices. Given that National Bank Holdings Corporation has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of National Bank for similar time interval.
Correlation Coefficient-0.6
Spearman Rank Test0.05
Residual Average0.0
Price Variance0.65

National Bank Holdings lagged returns against current returns

 Current and Lagged Values 
      Timeline 

National Bank regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

National Bank Lagged Returns

 Regressed Prices 
      Timeline 

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Please see also National Bank Hype Analysis, National Bank Correlation, National Bank Valuation, National Bank Volatility as well as analyze National Bank Alpha and Beta and National Bank Performance. Please also try Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
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