NIGERIAN EXCHANGE (Nigeria) Market Value
| NGXGROUP | 31.00 1.00 3.12% |
| Symbol | NIGERIAN |
NIGERIAN EXCHANGE 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to NIGERIAN EXCHANGE's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of NIGERIAN EXCHANGE.
| 01/28/2025 |
| 02/27/2025 |
If you would invest 0.00 in NIGERIAN EXCHANGE on January 28, 2025 and sell it all today you would earn a total of 0.00 from holding NIGERIAN EXCHANGE GROUP or generate 0.0% return on investment in NIGERIAN EXCHANGE over 30 days.
NIGERIAN EXCHANGE Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure NIGERIAN EXCHANGE's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess NIGERIAN EXCHANGE GROUP upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.12 | |||
| Information Ratio | 0.1339 | |||
| Maximum Drawdown | 19.17 | |||
| Value At Risk | (1.34) | |||
| Potential Upside | 7.01 |
NIGERIAN EXCHANGE Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NIGERIAN EXCHANGE's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NIGERIAN EXCHANGE's standard deviation. In reality, there are many statistical measures that can use NIGERIAN EXCHANGE historical prices to predict the future NIGERIAN EXCHANGE's volatility.| Risk Adjusted Performance | 0.107 | |||
| Jensen Alpha | 0.4122 | |||
| Total Risk Alpha | 0.4399 | |||
| Sortino Ratio | 0.0684 | |||
| Treynor Ratio | (12.50) |
NIGERIAN EXCHANGE Backtested Returns
NIGERIAN EXCHANGE appears to be not too volatile, given 3 months investment horizon. NIGERIAN EXCHANGE has Sharpe Ratio of 0.12, which conveys that the firm had a 0.12 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for NIGERIAN EXCHANGE, which you can use to evaluate the volatility of the firm. Please exercise NIGERIAN EXCHANGE's risk adjusted performance of 0.107, and Mean Deviation of 1.54 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, NIGERIAN EXCHANGE holds a performance score of 9. The company secures a Beta (Market Risk) of -0.033, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning NIGERIAN EXCHANGE are expected to decrease at a much lower rate. During the bear market, NIGERIAN EXCHANGE is likely to outperform the market. Please check NIGERIAN EXCHANGE's potential upside, and the relationship between the total risk alpha and kurtosis , to make a quick decision on whether NIGERIAN EXCHANGE's current price movements will revert.
Auto-correlation | 0.06 |
Virtually no predictability
NIGERIAN EXCHANGE GROUP has virtually no predictability. Overlapping area represents the amount of predictability between NIGERIAN EXCHANGE time series from 28th of January 2025 to 12th of February 2025 and 12th of February 2025 to 27th of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of NIGERIAN EXCHANGE price movement. The serial correlation of 0.06 indicates that barely 6.0% of current NIGERIAN EXCHANGE price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.06 | |
| Spearman Rank Test | 0.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.94 |
NIGERIAN EXCHANGE lagged returns against current returns
Autocorrelation, which is NIGERIAN EXCHANGE stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting NIGERIAN EXCHANGE's stock expected returns. We can calculate the autocorrelation of NIGERIAN EXCHANGE returns to help us make a trade decision. For example, suppose you find that NIGERIAN EXCHANGE has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
NIGERIAN EXCHANGE regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If NIGERIAN EXCHANGE stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NIGERIAN EXCHANGE stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NIGERIAN EXCHANGE stock over time.
Current vs Lagged Prices |
| Timeline |
NIGERIAN EXCHANGE Lagged Returns
When evaluating NIGERIAN EXCHANGE's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NIGERIAN EXCHANGE stock have on its future price. NIGERIAN EXCHANGE autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, NIGERIAN EXCHANGE autocorrelation shows the relationship between NIGERIAN EXCHANGE stock current value and its past values and can show if there is a momentum factor associated with investing in NIGERIAN EXCHANGE GROUP.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.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.