Nedbank Group Stock Price on September 30, 2021
| NDBKY Stock | USD 11.49 0.18 1.54% |
If you're considering investing in Nedbank Pink Sheet, it is important to understand the factors that can impact its price. As of today, the current price of Nedbank stands at 11.49, as last reported on the 25th of April, with the highest price reaching 11.49 and the lowest price hitting 11.49 during the day. We consider Nedbank not too volatile. Nedbank Group has Sharpe Ratio of 0.0257, which conveys that the firm had a 0.0257% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Nedbank, which you can use to evaluate the volatility of the firm. Please verify Nedbank's Mean Deviation of 1.43, risk adjusted performance of 0.0381, and Downside Deviation of 1.9 to check out if the risk estimate we provide is consistent with the expected return of 0.0446%.
Nedbank Pink Sheet price history is provided at the adjusted basis, taking into account all of the recent filings.
Nedbank |
Sharpe Ratio = 0.0257
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| Negative Returns | NDBKY |
Estimated Market Risk
| 1.74 actual daily | 15 85% of assets are more volatile |
Expected Return
| 0.04 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.03 actual daily | 2 98% of assets perform better |
Based on monthly moving average Nedbank is performing at about 2% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Nedbank by adding it to a well-diversified portfolio.
Nedbank Valuation on September 30, 2021
It is possible to determine the worth of Nedbank on a given historical date. On September 30, 2021 Nedbank was worth 15.17 at the beginning of the trading date compared to the closed value of 12.92. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Nedbank pink sheet. Still, in general, we apply an absolute valuation method to find Nedbank's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Nedbank where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Nedbank's related companies.
| Open | High | Low | Close | Volume | |
04/11/2022 | 15.17 | 15.30 | 12.92 | 12.92 | 7,547 |
| 15.25 | 15.25 | 12.75 | 12.75 | 7,341 |
| Backtest Nedbank | | | Nedbank History | | | Nedbank Valuation | Next |
Nedbank Trading Date Momentum on September 30, 2021
The event impact on price volatility cannot be determined at this time. Please check this event after some time to allow current data to be analyzed.Nedbank Group Fundamentals Correlations and Trends
By evaluating Nedbank's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Nedbank's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Nedbank financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Nedbank Pink Sheet history
Nedbank investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Nedbank is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Nedbank Group will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Nedbank stock prices may prove useful in developing a viable investing in Nedbank
Nedbank Group Limited, together with its subsidiaries, provides various wholesale and retail banking services in South Africa and internationally. Nedbank Group Limited was founded in 1831 and is headquartered in Sandton, South Africa. Nedbank is traded on OTC Exchange in the United States.
Nedbank Pink Sheet Technical Analysis
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.
Price Boundaries
Nedbank Period Price Range
Low | April 11, 2022
| High |
15.17 | 12.92 |
Nedbank April 25, 2024 Market Strength
Market strength indicators help investors to evaluate how Nedbank pink sheet reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Nedbank shares will generate the highest return on investment. By undertsting and applying Nedbank pink sheet market strength indicators, traders can identify Nedbank Group entry and exit signals to maximize returns
| Accumulation Distribution | 1173.98 | |||
| Daily Balance Of Power | (0.95) | |||
| Rate Of Daily Change | 0.85 | |||
| Day Median Price | 14.11 | |||
| Day Typical Price | 13.71 | |||
| Market Facilitation Index | 3.0E-4 | |||
| Price Action Indicator | (2.32) | |||
| Period Momentum Indicator | (1.43) | |||
| Relative Strength Index | 32.25 |
Nedbank Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Nedbank's price direction in advance. Along with the technical and fundamental analysis of Nedbank Pink Sheet historical price patterns, it is also worthwhile for investors to track various predictive indicators of Nedbank to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0381 | |||
| Jensen Alpha | 0.0368 | |||
| Total Risk Alpha | (0.16) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | 0.1579 |
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| Volume Indicators |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nedbank Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in industry. You can also try the Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.
Complementary 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.
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