MCNICHOLS NIGERIA (Nigeria) Probability of Future Stock Price Finishing Under 1.48
| MCNICHOLS | 1.41 0.01 0.71% |
MCNICHOLS |
MCNICHOLS NIGERIA Target Price Odds to finish below 1.48
The tendency of MCNICHOLS 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 1.48 after 90 days |
| 1.41 | 90 days | 1.48 | about 52.91 |
Based on a normal probability distribution, the odds of MCNICHOLS NIGERIA to stay under 1.48 after 90 days from now is about 52.91 (This MCNICHOLS NIGERIA PLC probability density function shows the probability of MCNICHOLS Stock to fall within a particular range of prices over 90 days) . Probability of MCNICHOLS NIGERIA PLC price to stay between its current price of 1.41 and 1.48 at the end of the 90-day period is about 20.84 .
Assuming the 90 days trading horizon MCNICHOLS NIGERIA has a beta of 0.72. This indicates as returns on the market go up, MCNICHOLS NIGERIA average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding MCNICHOLS NIGERIA PLC will be expected to be much smaller as well. Additionally MCNICHOLS NIGERIA PLC has an alpha of 0.3107, implying that it can generate a 0.31 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). MCNICHOLS NIGERIA Price Density |
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Predictive Modules for MCNICHOLS NIGERIA
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as MCNICHOLS NIGERIA 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of MCNICHOLS NIGERIA's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
MCNICHOLS NIGERIA Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. MCNICHOLS NIGERIA is not an exception. The market had few large corrections towards the MCNICHOLS NIGERIA'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 MCNICHOLS NIGERIA PLC, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of MCNICHOLS NIGERIA within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.31 | |
β | Beta against Dow Jones | 0.72 | |
σ | Overall volatility | 0.13 | |
Ir | Information ratio | 0.05 |
MCNICHOLS NIGERIA 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 MCNICHOLS NIGERIA for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for MCNICHOLS NIGERIA 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.| MCNICHOLS NIGERIA generated a negative expected return over the last 90 days | |
| MCNICHOLS NIGERIA has high historical volatility and very poor performance | |
| MCNICHOLS NIGERIA may become a speculative penny stock |
MCNICHOLS NIGERIA Technical Analysis
MCNICHOLS NIGERIA's future price can be derived by breaking down and analyzing its technical indicators over time. MCNICHOLS Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of MCNICHOLS NIGERIA PLC. In general, you should focus on analyzing MCNICHOLS Stock price patterns and their correlations with different microeconomic environments and drivers.
MCNICHOLS NIGERIA Predictive Forecast Models
MCNICHOLS NIGERIA's time-series forecasting models is one of many MCNICHOLS NIGERIA'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 MCNICHOLS NIGERIA'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 MCNICHOLS NIGERIA PLC
Checking the ongoing alerts about MCNICHOLS NIGERIA for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for MCNICHOLS NIGERIA PLC help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| MCNICHOLS NIGERIA generated a negative expected return over the last 90 days | |
| MCNICHOLS NIGERIA has high historical volatility and very poor performance | |
| MCNICHOLS NIGERIA may become a speculative penny stock |