CONOIL PLC (Nigeria) Price on January 5, 2024
| CONOIL Stock | 387.20 35.20 10.00% |
If you're considering investing in CONOIL Stock, it is important to understand the factors that can impact its price. As of today, the current price of CONOIL PLC stands at 387.20, as last reported on the 17th of December 2024, with the highest price reaching 387.20 and the lowest price hitting 387.20 during the day. CONOIL PLC is very steady given 3 months investment horizon. CONOIL PLC secures Sharpe Ratio (or Efficiency) of 0.41, which signifies that the company had a 0.41% return per unit of risk over the last 3 months. We were able to collect and analyze data for twenty different technical indicators, which can help you to evaluate if expected returns of 1.39% are justified by taking the suggested risk. Use CONOIL PLC risk adjusted performance of 0.296, and Mean Deviation of 2.38 to evaluate company specific risk that cannot be diversified away.
CONOIL Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
CONOIL |
Sharpe Ratio = 0.4099
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Estimated Market Risk
| 3.39 actual daily | 30 70% of assets are more volatile |
Expected Return
| 1.39 actual daily | 27 73% of assets have higher returns |
Risk-Adjusted Return
| 0.41 actual daily | 32 68% of assets perform better |
Based on monthly moving average CONOIL PLC is performing at about 32% 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 CONOIL PLC by adding it to a well-diversified portfolio.
CONOIL PLC Valuation on January 5, 2024
It is possible to determine the worth of CONOIL PLC on a given historical date. On January 5, 2024 CONOIL was worth 95.0 at the beginning of the trading date compared to the closed value of 95.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of CONOIL PLC stock. Still, in general, we apply an absolute valuation method to find CONOIL PLC'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 CONOIL PLC where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against CONOIL PLC's related companies.
| Open | High | Low | Close | Volume | |
| 89.80 | 95.00 | 89.80 | 95.00 | 248,676 | |
01/05/2024 | 95.00 | 95.00 | 95.00 | 95.00 | 149,058 |
| 102.00 | 102.00 | 102.00 | 102.00 | 242,911 |
| Backtest CONOIL PLC | | | CONOIL PLC History | Previous | Next |
CONOIL PLC Trading Date Momentum on January 5, 2024
| On January 08 2024 CONOIL PLC was traded for 102.00 at the closing time. The highest price during the trading period was 102.00 and the lowest recorded bid was listed for 102.00 . The volume for the day was 242.9 K. This history from January 8, 2024 contributed to the next trading day price jump. The overall trading delta to the next closing price was 7.37% . The overall trading delta to the current price is 7.37% . |
Price Boundaries
CONOIL PLC Period Price Range
Low | December 17, 2024
| High |
0.00 | 0.00 |
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CONOIL PLC December 17, 2024 Market Strength
Market strength indicators help investors to evaluate how CONOIL PLC stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading CONOIL PLC shares will generate the highest return on investment. By undertsting and applying CONOIL PLC stock market strength indicators, traders can identify CONOIL PLC entry and exit signals to maximize returns
CONOIL PLC Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for CONOIL PLC's price direction in advance. Along with the technical and fundamental analysis of CONOIL Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of CONOIL 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 | 0.296 | |||
| Jensen Alpha | 1.31 | |||
| Total Risk Alpha | 0.9686 | |||
| Treynor Ratio | 53.02 |
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| Volume Indicators |
Complementary Tools for CONOIL Stock analysis
When running CONOIL PLC's price analysis, check to measure CONOIL PLC'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 CONOIL PLC is operating at the current time. Most of CONOIL PLC's value examination focuses on studying past and present price action to predict the probability of CONOIL PLC's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CONOIL PLC's price. Additionally, you may evaluate how the addition of CONOIL PLC to your portfolios can decrease your overall portfolio volatility.
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