CHAMPION BREWERIES (Nigeria) Probability of Future Stock Price Finishing Over 13.25
| CHAMPION | 3.90 0.04 1.04% |
CHAMPION |
CHAMPION BREWERIES Target Price Odds to finish over 13.25
The tendency of CHAMPION Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to move over 13.25 or more in 90 days |
| 3.90 | 90 days | 13.25 | close to zero percent |
Based on a normal probability distribution, the odds of CHAMPION BREWERIES to move over 13.25 or more in 90 days from now is close to zero percent (This CHAMPION BREWERIES PLC probability density function shows the probability of CHAMPION Stock to fall within a particular range of prices over 90 days) . Probability of CHAMPION BREWERIES PLC price to stay between its current price of 3.90 and 13.25 at the end of the 90-day period is about 7.79 .
Assuming the 90 days trading horizon CHAMPION BREWERIES PLC has a beta of -0.0512 suggesting as returns on the benchmark increase, returns on holding CHAMPION BREWERIES are expected to decrease at a much lower rate. During a bear market, however, CHAMPION BREWERIES PLC is likely to outperform the market. Additionally CHAMPION BREWERIES PLC has an alpha of 0.4717, implying that it can generate a 0.47 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). CHAMPION BREWERIES Price Density |
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Predictive Modules for CHAMPION BREWERIES
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as CHAMPION BREWERIES PLC. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.CHAMPION BREWERIES Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. CHAMPION BREWERIES is not an exception. The market had few large corrections towards the CHAMPION BREWERIES's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold CHAMPION BREWERIES PLC, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of CHAMPION BREWERIES within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.47 | |
β | Beta against Dow Jones | -0.05 | |
σ | Overall volatility | 0.31 | |
Ir | Information ratio | 0.11 |
CHAMPION BREWERIES Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of CHAMPION BREWERIES for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for CHAMPION BREWERIES PLC can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| CHAMPION BREWERIES had very high historical volatility over the last 90 days |
CHAMPION BREWERIES Technical Analysis
CHAMPION BREWERIES's future price can be derived by breaking down and analyzing its technical indicators over time. CHAMPION Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of CHAMPION BREWERIES PLC. In general, you should focus on analyzing CHAMPION Stock price patterns and their correlations with different microeconomic environments and drivers.
CHAMPION BREWERIES Predictive Forecast Models
CHAMPION BREWERIES's time-series forecasting models is one of many CHAMPION BREWERIES's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary CHAMPION BREWERIES's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about CHAMPION BREWERIES PLC
Checking the ongoing alerts about CHAMPION BREWERIES for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for CHAMPION BREWERIES PLC help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| CHAMPION BREWERIES had very high historical volatility over the last 90 days |