TRANS NATIONWIDE (Nigeria) Probability of Future Stock Price Finishing Over 2.53
| TRANSEXPR | 1.38 0.12 9.52% |
TRANS |
TRANS NATIONWIDE Target Price Odds to finish over 2.53
The tendency of TRANS 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 2.53 or more in 90 days |
| 1.38 | 90 days | 2.53 | close to zero percent |
Based on a normal probability distribution, the odds of TRANS NATIONWIDE to move over 2.53 or more in 90 days from now is close to zero percent (This TRANS NATIONWIDE EXPRESS PLC probability density function shows the probability of TRANS Stock to fall within a particular range of prices over 90 days) . Probability of TRANS NATIONWIDE EXP price to stay between its current price of 1.38 and 2.53 at the end of the 90-day period is near 1 .
Assuming the 90 days trading horizon TRANS NATIONWIDE EXPRESS PLC has a beta of -0.0826. This usually implies as returns on the benchmark increase, returns on holding TRANS NATIONWIDE are expected to decrease at a much lower rate. During a bear market, however, TRANS NATIONWIDE EXPRESS PLC is likely to outperform the market. Additionally TRANS NATIONWIDE EXPRESS PLC has an alpha of 0.1731, implying that it can generate a 0.17 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). TRANS NATIONWIDE Price Density |
| Price |
Predictive Modules for TRANS NATIONWIDE
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as TRANS NATIONWIDE EXP. 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 TRANS NATIONWIDE'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.
TRANS NATIONWIDE Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. TRANS NATIONWIDE is not an exception. The market had few large corrections towards the TRANS NATIONWIDE'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 TRANS NATIONWIDE EXPRESS PLC, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of TRANS NATIONWIDE within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.17 | |
β | Beta against Dow Jones | -0.08 | |
σ | Overall volatility | 0.05 | |
Ir | Information ratio | 0.12 |
TRANS NATIONWIDE 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 TRANS NATIONWIDE for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for TRANS NATIONWIDE EXP can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| TRANS NATIONWIDE EXP may become a speculative penny stock |
TRANS NATIONWIDE Technical Analysis
TRANS NATIONWIDE's future price can be derived by breaking down and analyzing its technical indicators over time. TRANS Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of TRANS NATIONWIDE EXPRESS PLC. In general, you should focus on analyzing TRANS Stock price patterns and their correlations with different microeconomic environments and drivers.
TRANS NATIONWIDE Predictive Forecast Models
TRANS NATIONWIDE's time-series forecasting models is one of many TRANS NATIONWIDE'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 TRANS NATIONWIDE'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 TRANS NATIONWIDE EXP
Checking the ongoing alerts about TRANS NATIONWIDE for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for TRANS NATIONWIDE EXP help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| TRANS NATIONWIDE EXP may become a speculative penny stock |
Additional Tools for TRANS Stock Analysis
When running TRANS NATIONWIDE's price analysis, check to measure TRANS NATIONWIDE's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy TRANS NATIONWIDE is operating at the current time. Most of TRANS NATIONWIDE's value examination focuses on studying past and present price action to predict the probability of TRANS NATIONWIDE's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move TRANS NATIONWIDE's price. Additionally, you may evaluate how the addition of TRANS NATIONWIDE to your portfolios can decrease your overall portfolio volatility.