NIGERIAN BREWERIES (Nigeria) Probability of Future Stock Price Finishing Under 27.84
| NB Stock | 27.15 0.15 0.55% |
NIGERIAN |
NIGERIAN BREWERIES Target Price Odds to finish below 27.84
The tendency of NIGERIAN 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 27.84 after 90 days |
| 27.15 | 90 days | 27.84 | about 41.55 |
Based on a normal probability distribution, the odds of NIGERIAN BREWERIES to stay under 27.84 after 90 days from now is about 41.55 (This NIGERIAN BREWERIES PLC probability density function shows the probability of NIGERIAN Stock to fall within a particular range of prices over 90 days) . Probability of NIGERIAN BREWERIES PLC price to stay between its current price of 27.15 and 27.84 at the end of the 90-day period is about 25.75 .
Assuming the 90 days trading horizon NIGERIAN BREWERIES has a beta of 0.18. This indicates as returns on the market go up, NIGERIAN BREWERIES average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding NIGERIAN BREWERIES PLC will be expected to be much smaller as well. Additionally NIGERIAN BREWERIES PLC has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. NIGERIAN BREWERIES Price Density |
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Predictive Modules for NIGERIAN 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 NIGERIAN 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.NIGERIAN BREWERIES Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. NIGERIAN BREWERIES is not an exception. The market had few large corrections towards the NIGERIAN 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 NIGERIAN BREWERIES PLC, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of NIGERIAN BREWERIES within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.0083 | |
β | Beta against Dow Jones | 0.18 | |
σ | Overall volatility | 0.88 | |
Ir | Information ratio | -0.06 |
NIGERIAN BREWERIES Technical Analysis
NIGERIAN BREWERIES's future price can be derived by breaking down and analyzing its technical indicators over time. NIGERIAN Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of NIGERIAN BREWERIES PLC. In general, you should focus on analyzing NIGERIAN Stock price patterns and their correlations with different microeconomic environments and drivers.
NIGERIAN BREWERIES Predictive Forecast Models
NIGERIAN BREWERIES's time-series forecasting models is one of many NIGERIAN 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 NIGERIAN 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.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards NIGERIAN BREWERIES in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, NIGERIAN BREWERIES's short interest history, or implied volatility extrapolated from NIGERIAN BREWERIES options trading.