CORONATION INSURANCE (Nigeria) Price on July 1, 2024
| WAPIC Stock | 1.05 0.01 0.96% |
If you're considering investing in CORONATION Stock, it is important to understand the factors that can impact its price. As of today, the current price of CORONATION INSURANCE stands at 1.05, as last reported on the 26th of November, with the highest price reaching 1.05 and the lowest price hitting 1.04 during the day. CORONATION INSURANCE appears to be extremely dangerous, given 3 months investment horizon. CORONATION INSURANCE PLC secures Sharpe Ratio (or Efficiency) of 0.12, which signifies that the company had a 0.12% return per unit of risk over the last 3 months. By analyzing CORONATION INSURANCE's technical indicators, you can evaluate if the expected return of 0.52% is justified by implied risk. Please makes use of CORONATION INSURANCE's risk adjusted performance of 0.1008, and Mean Deviation of 2.79 to double-check if our risk estimates are consistent with your expectations.
CORONATION Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
CORONATION |
Sharpe Ratio = 0.1246
| Best Portfolio | Best Equity | |||
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| Small Returns | WAPIC | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 4.16 actual daily | 37 63% of assets are more volatile |
Expected Return
| 0.52 actual daily | 10 90% of assets have higher returns |
Risk-Adjusted Return
| 0.12 actual daily | 9 91% of assets perform better |
Based on monthly moving average CORONATION INSURANCE is performing at about 9% 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 CORONATION INSURANCE by adding it to a well-diversified portfolio.
CORONATION INSURANCE Valuation on July 1, 2024
It is possible to determine the worth of CORONATION INSURANCE on a given historical date. On July 1, 2024 CORONATION was worth 0.67 at the beginning of the trading date compared to the closed value of 0.73. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of CORONATION INSURANCE stock. Still, in general, we apply an absolute valuation method to find CORONATION INSURANCE'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 CORONATION INSURANCE where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against CORONATION INSURANCE's related companies.
| Open | High | Low | Close | Volume | |
| 0.67 | 0.67 | 0.67 | 0.67 | 70,375 | |
07/01/2024 | 0.67 | 0.73 | 0.67 | 0.73 | 7,136,224 |
| 0.73 | 0.80 | 0.73 | 0.80 | 12,928,575 |
| Backtest CORONATION INSURANCE | | | CORONATION INSURANCE History | Previous | Next |
CORONATION INSURANCE Trading Date Momentum on July 1, 2024
| On July 02 2024 CORONATION INSURANCE PLC was traded for 0.80 at the closing time. The highest price during the trading period was 0.80 and the lowest recorded bid was listed for 0.73 . The volume for the day was 12.9 M. This history from July 2, 2024 contributed to the next trading day price jump. The trading price change to the next closing price was 9.59% . The overall trading delta to the current price is 9.59% . |
Price Boundaries
CORONATION INSURANCE Period Price Range
Low | November 26, 2024
| High |
0.00 | 0.00 |
CORONATION INSURANCE 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.
CORONATION INSURANCE November 26, 2024 Market Strength
Market strength indicators help investors to evaluate how CORONATION INSURANCE stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading CORONATION INSURANCE shares will generate the highest return on investment. By undertsting and applying CORONATION INSURANCE stock market strength indicators, traders can identify CORONATION INSURANCE PLC entry and exit signals to maximize returns
CORONATION INSURANCE Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for CORONATION INSURANCE's price direction in advance. Along with the technical and fundamental analysis of CORONATION Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of CORONATION 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 | 0.1008 | |||
| Jensen Alpha | 0.4839 | |||
| Total Risk Alpha | (0.15) | |||
| Sortino Ratio | 0.0564 | |||
| Treynor Ratio | 31.14 |
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Additional Tools for CORONATION Stock Analysis
When running CORONATION INSURANCE's price analysis, check to measure CORONATION INSURANCE'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 CORONATION INSURANCE is operating at the current time. Most of CORONATION INSURANCE's value examination focuses on studying past and present price action to predict the probability of CORONATION INSURANCE's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CORONATION INSURANCE's price. Additionally, you may evaluate how the addition of CORONATION INSURANCE to your portfolios can decrease your overall portfolio volatility.