FIDELITY BANK (Nigeria) Price on June 23, 2024
| FIDELITYBK | 15.30 0.05 0.33% |
If you're considering investing in FIDELITY Stock, it is important to understand the factors that can impact its price. As of today, the current price of FIDELITY BANK stands at 15.30, as last reported on the 30th of November, with the highest price reaching 15.90 and the lowest price hitting 15.30 during the day. FIDELITY BANK appears to be not too volatile, given 3 months investment horizon. FIDELITY BANK PLC secures Sharpe Ratio (or Efficiency) of 0.17, which denotes the company had a 0.17% return per unit of return volatility over the last 3 months. By analyzing FIDELITY BANK's technical indicators, you can evaluate if the expected return of 0.61% is justified by implied risk. Please utilize FIDELITY BANK's mean deviation of 2.41, and Downside Deviation of 3.0 to check if our risk estimates are consistent with your expectations.
FIDELITY Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
FIDELITY |
Sharpe Ratio = 0.1699
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Estimated Market Risk
| 3.58 actual daily | 31 69% of assets are more volatile |
Expected Return
| 0.61 actual daily | 12 88% of assets have higher returns |
Risk-Adjusted Return
| 0.17 actual daily | 13 87% of assets perform better |
Based on monthly moving average FIDELITY BANK is performing at about 13% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of FIDELITY BANK by adding it to a well-diversified portfolio.
FIDELITY BANK Valuation on June 23, 2024
It is possible to determine the worth of FIDELITY BANK on a given historical date. On June 23, 2024 FIDELITY was worth 10.4 at the beginning of the trading date compared to the closed value of 9.9. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of FIDELITY BANK stock. Still, in general, we apply an absolute valuation method to find FIDELITY BANK's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of FIDELITY BANK where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against FIDELITY BANK's related companies.
| Open | High | Low | Close | Volume | |
| 10.85 | 10.85 | 10.15 | 10.40 | 162,079,899 | |
06/21/2024 | 10.40 | 10.80 | 9.90 | 9.90 | 38,446,002 |
| 9.90 | 10.10 | 9.80 | 10.00 | 16,994,685 |
| Backtest FIDELITY BANK | | | FIDELITY BANK History | Previous | Next |
FIDELITY BANK Trading Date Momentum on June 23, 2024
| On June 24 2024 FIDELITY BANK PLC was traded for 10.00 at the closing time. The highest price during the trading period was 10.10 and the lowest recorded bid was listed for 9.80 . The volume for the day was 17 M. This history from June 24, 2024 contributed to the next trading day price appreciation. The overall trading delta to the next closing price was 1.01% . The overall trading delta to the current price is 3.03% . |
Price Boundaries
FIDELITY BANK Period Price Range
Low | November 30, 2024
| High |
0.00 | 0.00 |
FIDELITY BANK PLC cannot be verified against its exchange. Please verify the symbol is currently traded on Nigerian Stock Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
FIDELITY BANK November 30, 2024 Market Strength
Market strength indicators help investors to evaluate how FIDELITY BANK stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading FIDELITY BANK shares will generate the highest return on investment. By undertsting and applying FIDELITY BANK stock market strength indicators, traders can identify FIDELITY BANK PLC entry and exit signals to maximize returns
FIDELITY BANK Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for FIDELITY BANK's price direction in advance. Along with the technical and fundamental analysis of FIDELITY Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of FIDELITY to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.1388 | |||
| Jensen Alpha | 0.5781 | |||
| Total Risk Alpha | 0.0053 | |||
| Sortino Ratio | 0.1553 | |||
| Treynor Ratio | 5.16 |
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Additional Tools for FIDELITY Stock Analysis
When running FIDELITY BANK's price analysis, check to measure FIDELITY BANK'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 FIDELITY BANK is operating at the current time. Most of FIDELITY BANK's value examination focuses on studying past and present price action to predict the probability of FIDELITY BANK's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move FIDELITY BANK's price. Additionally, you may evaluate how the addition of FIDELITY BANK to your portfolios can decrease your overall portfolio volatility.