NIGERIAN EXCHANGE (Nigeria) Probability of Future Stock Price Finishing Under 25.02
| NGXGROUP | 25.10 0.10 0.40% |
NIGERIAN |
NIGERIAN EXCHANGE Target Price Odds to finish below 25.02
The tendency of NIGERIAN Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to drop to 25.02 or more in 90 days |
| 25.10 | 90 days | 25.02 | under 95 |
Based on a normal probability distribution, the odds of NIGERIAN EXCHANGE to drop to 25.02 or more in 90 days from now is under 95 (This NIGERIAN EXCHANGE GROUP probability density function shows the probability of NIGERIAN Stock to fall within a particular range of prices over 90 days) . Probability of NIGERIAN EXCHANGE price to stay between 25.02 and its current price of 25.1 at the end of the 90-day period is near 1 .
Assuming the 90 days trading horizon NIGERIAN EXCHANGE GROUP has a beta of -0.11. This indicates as returns on the benchmark increase, returns on holding NIGERIAN EXCHANGE are expected to decrease at a much lower rate. During a bear market, however, NIGERIAN EXCHANGE GROUP is likely to outperform the market. Additionally NIGERIAN EXCHANGE GROUP has an alpha of 0.2977, implying that it can generate a 0.3 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). NIGERIAN EXCHANGE Price Density |
| Price |
Predictive Modules for NIGERIAN EXCHANGE
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as NIGERIAN EXCHANGE. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.NIGERIAN EXCHANGE Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. NIGERIAN EXCHANGE is not an exception. The market had few large corrections towards the NIGERIAN EXCHANGE's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold NIGERIAN EXCHANGE GROUP, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of NIGERIAN EXCHANGE within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.30 | |
β | Beta against Dow Jones | -0.11 | |
σ | Overall volatility | 1.57 | |
Ir | Information ratio | 0.05 |
NIGERIAN EXCHANGE Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of NIGERIAN EXCHANGE for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for NIGERIAN EXCHANGE can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| NIGERIAN EXCHANGE had very high historical volatility over the last 90 days |
NIGERIAN EXCHANGE Technical Analysis
NIGERIAN EXCHANGE's future price can be derived by breaking down and analyzing its technical indicators over time. NIGERIAN Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of NIGERIAN EXCHANGE GROUP. In general, you should focus on analyzing NIGERIAN Stock price patterns and their correlations with different microeconomic environments and drivers.
NIGERIAN EXCHANGE Predictive Forecast Models
NIGERIAN EXCHANGE's time-series forecasting models is one of many NIGERIAN EXCHANGE's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary NIGERIAN EXCHANGE's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about NIGERIAN EXCHANGE
Checking the ongoing alerts about NIGERIAN EXCHANGE for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for NIGERIAN EXCHANGE help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| NIGERIAN EXCHANGE had very high historical volatility over the last 90 days |
Additional Tools for NIGERIAN Stock Analysis
When running NIGERIAN EXCHANGE's price analysis, check to measure NIGERIAN EXCHANGE'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 NIGERIAN EXCHANGE is operating at the current time. Most of NIGERIAN EXCHANGE's value examination focuses on studying past and present price action to predict the probability of NIGERIAN EXCHANGE's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NIGERIAN EXCHANGE's price. Additionally, you may evaluate how the addition of NIGERIAN EXCHANGE to your portfolios can decrease your overall portfolio volatility.