WEMA BANK (Nigeria) Probability of Future Stock Price Finishing Under 0.12
| WEMABANK | 8.75 0.15 1.69% |
WEMA |
WEMA BANK Target Price Odds to finish below 0.12
The tendency of WEMA 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 0.12 or more in 90 days |
| 8.75 | 90 days | 0.12 | near 1 |
Based on a normal probability distribution, the odds of WEMA BANK to drop to 0.12 or more in 90 days from now is near 1 (This WEMA BANK PLC probability density function shows the probability of WEMA Stock to fall within a particular range of prices over 90 days) . Probability of WEMA BANK PLC price to stay between 0.12 and its current price of 8.75 at the end of the 90-day period is about 90.65 .
Assuming the 90 days trading horizon WEMA BANK PLC has a beta of -0.77. This entails as returns on the benchmark increase, returns on holding WEMA BANK are expected to decrease at a much lower rate. During a bear market, however, WEMA BANK PLC is likely to outperform the market. Additionally WEMA BANK PLC has an alpha of 0.6407, implying that it can generate a 0.64 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). WEMA BANK Price Density |
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Predictive Modules for WEMA 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 WEMA 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 WEMA BANK. Your research has to be compared to or analyzed against WEMA BANK's peers to derive any actionable benefits. When done correctly, WEMA 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 WEMA BANK PLC.WEMA BANK Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. WEMA BANK is not an exception. The market had few large corrections towards the WEMA 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 WEMA BANK PLC, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of WEMA BANK within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.64 | |
β | Beta against Dow Jones | -0.77 | |
σ | Overall volatility | 0.81 | |
Ir | Information ratio | 0.14 |
WEMA BANK Technical Analysis
WEMA BANK's future price can be derived by breaking down and analyzing its technical indicators over time. WEMA Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of WEMA BANK PLC. In general, you should focus on analyzing WEMA Stock price patterns and their correlations with different microeconomic environments and drivers.
WEMA BANK Predictive Forecast Models
WEMA BANK's time-series forecasting models is one of many WEMA 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 WEMA 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.
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 WEMA BANK 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, WEMA BANK's short interest history, or implied volatility extrapolated from WEMA BANK options trading.