ECOBANK TRANSNATIONAL (Nigeria) Price on August 28, 2024
| ETI Stock | 27.00 1.50 5.88% |
If you're considering investing in ECOBANK Stock, it is important to understand the factors that can impact its price. As of today, the current price of ECOBANK TRANSNATIONAL stands at 27.00, as last reported on the 16th of December 2024, with the highest price reaching 27.00 and the lowest price hitting 25.50 during the day. Currently, ECOBANK TRANSNATIONAL INCORPORATED is very steady. ECOBANK TRANSNATIONAL secures Sharpe Ratio (or Efficiency) of 0.16, which denotes the company had a 0.16% return per unit of risk over the last 3 months. We have found twenty-two technical indicators for ECOBANK TRANSNATIONAL INCORPORATED, which you can use to evaluate the volatility of the entity. Please confirm ECOBANK TRANSNATIONAL's Standard Deviation of 1.69, coefficient of variation of 480.88, and Mean Deviation of 0.7091 to check if the risk estimate we provide is consistent with the expected return of 0.19%.
ECOBANK Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
ECOBANK |
Sharpe Ratio = 0.1582
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Estimated Market Risk
| 1.21 actual daily | 10 90% of assets are more volatile |
Expected Return
| 0.19 actual daily | 3 97% of assets have higher returns |
Risk-Adjusted Return
| 0.16 actual daily | 12 88% of assets perform better |
Based on monthly moving average ECOBANK TRANSNATIONAL is performing at about 12% 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 ECOBANK TRANSNATIONAL by adding it to a well-diversified portfolio.
ECOBANK TRANSNATIONAL Valuation on August 28, 2024
It is possible to determine the worth of ECOBANK TRANSNATIONAL on a given historical date. On August 28, 2024 ECOBANK was worth 20.45 at the beginning of the trading date compared to the closed value of 21.8. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of ECOBANK TRANSNATIONAL stock. Still, in general, we apply an absolute valuation method to find ECOBANK TRANSNATIONAL'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 ECOBANK TRANSNATIONAL where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against ECOBANK TRANSNATIONAL's related companies.
| Open | High | Low | Close | Volume | |
| 20.45 | 20.45 | 20.45 | 20.45 | 116,203 | |
08/28/2024 | 20.45 | 21.80 | 20.45 | 21.80 | 430,863 |
| 21.80 | 21.80 | 21.80 | 21.80 | 71,936 |
| Backtest ECOBANK TRANSNATIONAL | | | ECOBANK TRANSNATIONAL History | Previous | Next |
ECOBANK TRANSNATIONAL Trading Date Momentum on August 28, 2024
| On August 29 2024 ECOBANK TRANSNATIONAL INCORPORATED was traded for 21.80 at the closing time. The highest price during the trading period was 21.80 and the lowest recorded bid was listed for 21.80 . The volume for the day was 71.9 K. This history from August 29, 2024 did not affect price variability. The overall trading delta to the current price is 0.46% . |
Price Boundaries
ECOBANK TRANSNATIONAL Period Price Range
Low | December 16, 2024
| High |
0.00 | 0.00 |
ECOBANK TRANSNATIONAL INCORPORATED cannot be verified against its exchange. Please verify the symbol is currently traded on Nigerian Stock Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
ECOBANK TRANSNATIONAL December 16, 2024 Market Strength
Market strength indicators help investors to evaluate how ECOBANK TRANSNATIONAL stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading ECOBANK TRANSNATIONAL shares will generate the highest return on investment. By undertsting and applying ECOBANK TRANSNATIONAL stock market strength indicators, traders can identify ECOBANK TRANSNATIONAL INCORPORATED entry and exit signals to maximize returns
ECOBANK TRANSNATIONAL Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for ECOBANK TRANSNATIONAL's price direction in advance. Along with the technical and fundamental analysis of ECOBANK Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of ECOBANK 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 | 0.1565 | |||
| Jensen Alpha | 0.3177 | |||
| Total Risk Alpha | 0.1317 | |||
| Treynor Ratio | 1.27 |
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Additional Tools for ECOBANK Stock Analysis
When running ECOBANK TRANSNATIONAL's price analysis, check to measure ECOBANK TRANSNATIONAL'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 ECOBANK TRANSNATIONAL is operating at the current time. Most of ECOBANK TRANSNATIONAL's value examination focuses on studying past and present price action to predict the probability of ECOBANK TRANSNATIONAL's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ECOBANK TRANSNATIONAL's price. Additionally, you may evaluate how the addition of ECOBANK TRANSNATIONAL to your portfolios can decrease your overall portfolio volatility.