SOVEREIGN TRUST (Nigeria) Price on January 19, 2024
| SOVRENINS | 0.86 0.06 7.50% |
If you're considering investing in SOVEREIGN Stock, it is important to understand the factors that can impact its price. As of today, the current price of SOVEREIGN TRUST stands at 0.86, as last reported on the 11th of December 2024, with the highest price reaching 0.86 and the lowest price hitting 0.80 during the day. SOVEREIGN TRUST appears to be abnormally volatile, given 3 months investment horizon. SOVEREIGN TRUST INSURANCE owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.13, which indicates the firm had a 0.13% return per unit of standard deviation over the last 3 months. By evaluating SOVEREIGN TRUST's technical indicators, you can evaluate if the expected return of 0.61% is justified by implied risk. Please review SOVEREIGN TRUST's risk adjusted performance of 0.0664, and Coefficient Of Variation of 1246.48 to confirm if our risk estimates are consistent with your expectations.
SOVEREIGN Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
SOVEREIGN |
Sharpe Ratio = 0.1292
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Estimated Market Risk
| 4.75 actual daily | 42 58% of assets are more volatile |
Expected Return
| 0.61 actual daily | 12 88% of assets have higher returns |
Risk-Adjusted Return
| 0.13 actual daily | 10 90% of assets perform better |
Based on monthly moving average SOVEREIGN TRUST is performing at about 10% 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 SOVEREIGN TRUST by adding it to a well-diversified portfolio.
SOVEREIGN TRUST Valuation on January 19, 2024
It is possible to determine the worth of SOVEREIGN TRUST on a given historical date. On January 19, 2024 SOVEREIGN was worth 0.66 at the beginning of the trading date compared to the closed value of 0.6. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of SOVEREIGN TRUST stock. Still, in general, we apply an absolute valuation method to find SOVEREIGN TRUST'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 SOVEREIGN TRUST where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against SOVEREIGN TRUST's related companies.
| Open | High | Low | Close | Volume | |
| 0.72 | 0.72 | 0.66 | 0.66 | 2,204,869 | |
01/19/2024 | 0.66 | 0.66 | 0.60 | 0.60 | 2,776,768 |
| 0.54 | 0.54 | 0.54 | 0.54 | 6,569,763 |
| Backtest SOVEREIGN TRUST | | | SOVEREIGN TRUST History | Previous | Next |
SOVEREIGN TRUST Trading Date Momentum on January 19, 2024
| On January 22 2024 SOVEREIGN TRUST INSURANCE was traded for 0.54 at the closing time. The highest price during the trading period was 0.54 and the lowest recorded bid was listed for 0.54 . The volume for the day was 6.6 M. This history from January 22, 2024 contributed to the next trading day price decline. The trading price change to the next closing price was 10.00% . The trading price change to the current price is 11.67% . |
Price Boundaries
SOVEREIGN TRUST Period Price Range
Low | December 11, 2024
| High |
0.00 | 0.00 |
SOVEREIGN TRUST INSURANCE 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.
SOVEREIGN TRUST December 11, 2024 Market Strength
Market strength indicators help investors to evaluate how SOVEREIGN TRUST stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading SOVEREIGN TRUST shares will generate the highest return on investment. By undertsting and applying SOVEREIGN TRUST stock market strength indicators, traders can identify SOVEREIGN TRUST INSURANCE entry and exit signals to maximize returns
SOVEREIGN TRUST Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for SOVEREIGN TRUST's price direction in advance. Along with the technical and fundamental analysis of SOVEREIGN Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of SOVEREIGN 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 | 0.0664 | |||
| Jensen Alpha | 0.3945 | |||
| Total Risk Alpha | (0.38) | |||
| Sortino Ratio | 0.0449 | |||
| Treynor Ratio | (1.66) |
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Complementary Tools for SOVEREIGN Stock analysis
When running SOVEREIGN TRUST's price analysis, check to measure SOVEREIGN TRUST'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 SOVEREIGN TRUST is operating at the current time. Most of SOVEREIGN TRUST's value examination focuses on studying past and present price action to predict the probability of SOVEREIGN TRUST's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move SOVEREIGN TRUST's price. Additionally, you may evaluate how the addition of SOVEREIGN TRUST to your portfolios can decrease your overall portfolio volatility.
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