NORTHERN NIGERIA (Nigeria) Probability of Future Stock Price Finishing Under 24.46
| NNFM Stock | 43.90 3.85 9.61% |
NORTHERN |
NORTHERN NIGERIA Target Price Odds to finish below 24.46
The tendency of NORTHERN 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 drop to 24.46 or more in 90 days |
| 43.90 | 90 days | 24.46 | near 1 |
Based on a normal probability distribution, the odds of NORTHERN NIGERIA to drop to 24.46 or more in 90 days from now is near 1 (This NORTHERN NIGERIA FLOUR probability density function shows the probability of NORTHERN Stock to fall within a particular range of prices over 90 days) . Probability of NORTHERN NIGERIA FLOUR price to stay between 24.46 and its current price of 43.9 at the end of the 90-day period is close to 99 .
Assuming the 90 days trading horizon NORTHERN NIGERIA has a beta of 0.1. This indicates as returns on the market go up, NORTHERN NIGERIA average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding NORTHERN NIGERIA FLOUR will be expected to be much smaller as well. Additionally NORTHERN NIGERIA FLOUR has an alpha of 0.3747, implying that it can generate a 0.37 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). NORTHERN NIGERIA Price Density |
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Predictive Modules for NORTHERN 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 NORTHERN NIGERIA FLOUR. 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.NORTHERN NIGERIA Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. NORTHERN NIGERIA is not an exception. The market had few large corrections towards the NORTHERN 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 NORTHERN NIGERIA FLOUR, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of NORTHERN NIGERIA within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.37 | |
β | Beta against Dow Jones | 0.10 | |
σ | Overall volatility | 2.59 | |
Ir | Information ratio | 0.11 |
NORTHERN 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 NORTHERN NIGERIA for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for NORTHERN NIGERIA FLOUR can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| NORTHERN NIGERIA had very high historical volatility over the last 90 days |
NORTHERN NIGERIA Technical Analysis
NORTHERN NIGERIA's future price can be derived by breaking down and analyzing its technical indicators over time. NORTHERN Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of NORTHERN NIGERIA FLOUR. In general, you should focus on analyzing NORTHERN Stock price patterns and their correlations with different microeconomic environments and drivers.
NORTHERN NIGERIA Predictive Forecast Models
NORTHERN NIGERIA's time-series forecasting models is one of many NORTHERN 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 NORTHERN 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 NORTHERN NIGERIA FLOUR
Checking the ongoing alerts about NORTHERN NIGERIA for important developments is a great way to find new opportunities for your next move. Our 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 had very high historical volatility over the last 90 days |