JAIZ BANK (Nigeria) Probability of Future Stock Price Finishing Under 2.51
| JAIZBANK | 2.40 0.03 1.27% |
JAIZ |
JAIZ BANK Target Price Odds to finish below 2.51
The tendency of JAIZ 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 stay under 2.51 after 90 days |
| 2.40 | 90 days | 2.51 | about 92.62 |
Based on a normal probability distribution, the odds of JAIZ BANK to stay under 2.51 after 90 days from now is about 92.62 (This JAIZ BANK PLC probability density function shows the probability of JAIZ Stock to fall within a particular range of prices over 90 days) . Probability of JAIZ BANK PLC price to stay between its current price of 2.40 and 2.51 at the end of the 90-day period is about 25.18 .
Assuming the 90 days trading horizon JAIZ BANK PLC has a beta of -0.57. This indicates as returns on the benchmark increase, returns on holding JAIZ BANK are expected to decrease at a much lower rate. During a bear market, however, JAIZ BANK PLC is likely to outperform the market. Additionally JAIZ BANK PLC has an alpha of 0.2974, implying that it can generate a 0.3 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). JAIZ BANK Price Density |
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Predictive Modules for JAIZ BANK
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as JAIZ BANK 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.Please note, it is not enough to conduct a financial or market analysis of a single entity such as JAIZ BANK. Your research has to be compared to or analyzed against JAIZ BANK's peers to derive any actionable benefits. When done correctly, JAIZ BANK's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in JAIZ BANK PLC.JAIZ BANK Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. JAIZ BANK is not an exception. The market had few large corrections towards the JAIZ BANK'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 JAIZ BANK PLC, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of JAIZ BANK within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.30 | |
β | Beta against Dow Jones | -0.57 | |
σ | Overall volatility | 0.11 | |
Ir | Information ratio | 0.03 |
JAIZ BANK 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 JAIZ BANK for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for JAIZ BANK 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.| JAIZ BANK PLC had very high historical volatility over the last 90 days |
JAIZ BANK Technical Analysis
JAIZ BANK's future price can be derived by breaking down and analyzing its technical indicators over time. JAIZ Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of JAIZ BANK PLC. In general, you should focus on analyzing JAIZ Stock price patterns and their correlations with different microeconomic environments and drivers.
JAIZ BANK Predictive Forecast Models
JAIZ BANK's time-series forecasting models is one of many JAIZ BANK'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 JAIZ BANK'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 JAIZ BANK PLC
Checking the ongoing alerts about JAIZ BANK for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for JAIZ BANK PLC help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| JAIZ BANK PLC had very high historical volatility over the last 90 days |