NORTHERN NIGERIA (Nigeria) Performance
| NNFM Stock | 40.00 2.40 6.38% |
The company secures a Beta (Market Risk) of 0.0369, which conveys not very significant fluctuations relative to the market. As returns on the market increase, NORTHERN NIGERIA's returns are expected to increase less than the market. However, during the bear market, the loss of holding NORTHERN NIGERIA is expected to be smaller as well. At this point, NORTHERN NIGERIA FLOUR has a negative expected return of -0.067%. Please make sure to verify NORTHERN NIGERIA's maximum drawdown, skewness, accumulation distribution, as well as the relationship between the potential upside and kurtosis , to decide if NORTHERN NIGERIA FLOUR performance from the past will be repeated at future time.
Risk-Adjusted Performance
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Over the last 90 days NORTHERN NIGERIA FLOUR has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of very healthy technical and fundamental indicators, NORTHERN NIGERIA is not utilizing all of its potentials. The recent stock price disarray, may contribute to short-term losses for the investors. ...more
NORTHERN |
NORTHERN NIGERIA Relative Risk vs. Return Landscape
If you would invest 4,350 in NORTHERN NIGERIA FLOUR on September 13, 2024 and sell it today you would lose (350.00) from holding NORTHERN NIGERIA FLOUR or give up 8.05% of portfolio value over 90 days. NORTHERN NIGERIA FLOUR is generating negative expected returns and assumes 3.6876% volatility on return distribution over the 90 days horizon. Simply put, 32% of stocks are less volatile than NORTHERN, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
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NORTHERN NIGERIA Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for NORTHERN NIGERIA's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as NORTHERN NIGERIA FLOUR, and traders can use it to determine the average amount a NORTHERN NIGERIA's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = -0.0182
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| Negative Returns | NNFM |
Estimated Market Risk
| 3.69 actual daily | 32 68% of assets are more volatile |
Expected Return
| -0.07 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.02 actual daily | 0 Most of other assets perform better |
Based on monthly moving average NORTHERN NIGERIA is not performing at its full potential. However, 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 NORTHERN NIGERIA by adding NORTHERN NIGERIA to a well-diversified portfolio.
Things to note about NORTHERN NIGERIA FLOUR performance evaluation
Checking the ongoing alerts about NORTHERN NIGERIA for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for NORTHERN NIGERIA FLOUR help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| NORTHERN NIGERIA generated a negative expected return over the last 90 days | |
| NORTHERN NIGERIA has high historical volatility and very poor performance |
- Analyzing NORTHERN NIGERIA's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether NORTHERN NIGERIA's stock is overvalued or undervalued compared to its peers.
- Examining NORTHERN NIGERIA's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating NORTHERN NIGERIA's management team can have a significant impact on its success or failure. Reviewing the track record and experience of NORTHERN NIGERIA's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of NORTHERN NIGERIA's stock. These opinions can provide insight into NORTHERN NIGERIA's potential for growth and whether the stock is currently undervalued or overvalued.