Nigerian Stock Competition
| NGSEASI Index | 105,799 196.00 0.18% |
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Nigerian Stock Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Nigerian Stock and its competitors represents the degree of relationship between the price movements of corresponding indexs. A correlation of about +1.0 implies that the price of Nigerian and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Nigerian Stock Exchange does not affect the price movement of the other competitor.
| 0.28 | 0.73 | 0.0 | 0.0 | 0.0 | 0.13 | -0.17 | FIDELITYBK | ||
| 0.28 | 0.62 | 0.0 | 0.0 | 0.0 | 0.23 | 0.38 | TRANSCOHOT | ||
| 0.73 | 0.62 | 0.0 | 0.0 | 0.0 | 0.51 | 0.1 | MANSARD | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | ASOSAVINGS | ||
| 0.0 | 0.0 | 0.0 | 0.0 | -1.0 | 0.0 | 0.0 | AFROMEDIA | ||
| 0.0 | 0.0 | 0.0 | 0.0 | -1.0 | 0.0 | 0.0 | MULTITREX | ||
| 0.13 | 0.23 | 0.51 | 0.0 | 0.0 | 0.0 | -0.36 | CORNERST | ||
| -0.17 | 0.38 | 0.1 | 0.0 | 0.0 | 0.0 | -0.36 | ABCTRANS | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Nigerian Index performing well and Nigerian Stock Index doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Nigerian Stock's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FIDELITYBK | 1.56 | 0.18 | 0.13 | 1.39 | 1.74 | 4.95 | 15.16 | |||
| TRANSCOHOT | 0.86 | 0.24 | 0.00 | (0.81) | 0.00 | 0.00 | 19.76 | |||
| MANSARD | 1.80 | 0.31 | 0.18 | 3.27 | 1.60 | 4.33 | 15.48 | |||
| ASOSAVINGS | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| AFROMEDIA | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| MULTITREX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| CORNERST | 2.91 | 0.22 | 0.08 | (0.51) | 3.58 | 9.25 | 19.98 | |||
| ABCTRANS | 2.55 | 0.26 | 0.07 | (0.43) | 3.11 | 8.13 | 19.28 |
Nigerian Stock Competitive Analysis
The better you understand Nigerian Stock competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Nigerian Stock's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Nigerian Stock's competition over several years is one of the best ways to analyze its investment potential.| Better Than Average | Worse Than Peers | View Performance Chart |
Nigerian Stock Competition Performance Charts
Five steps to successful analysis of Nigerian Stock Competition
Nigerian Stock's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Nigerian Stock Exchange in relation to its competition. Nigerian Stock's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of Nigerian Stock in the market, both direct and indirect, as well as new entrants and disruptive technologies.
- Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
- Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Nigerian Stock's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Nigerian Stock Exchange, and developing a strategy to address them.
- Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
Complement your Nigerian Stock position
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Air
Companies specializing in air services and air delivery. The Air theme has 32 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Air Theme or any other thematic opportunities.
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