MCNICHOLS NIGERIA (Nigeria) Market Value
| MCNICHOLS | 1.40 0.01 0.71% |
| Symbol | MCNICHOLS |
MCNICHOLS NIGERIA 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to MCNICHOLS NIGERIA's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of MCNICHOLS NIGERIA.
| 09/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in MCNICHOLS NIGERIA on September 30, 2024 and sell it all today you would earn a total of 0.00 from holding MCNICHOLS NIGERIA PLC or generate 0.0% return on investment in MCNICHOLS NIGERIA over 60 days.
MCNICHOLS NIGERIA Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure MCNICHOLS NIGERIA's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess MCNICHOLS NIGERIA PLC upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.69 | |||
| Information Ratio | 0.1235 | |||
| Maximum Drawdown | 20.0 | |||
| Value At Risk | (9.40) | |||
| Potential Upside | 10.0 |
MCNICHOLS NIGERIA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MCNICHOLS NIGERIA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MCNICHOLS NIGERIA's standard deviation. In reality, there are many statistical measures that can use MCNICHOLS NIGERIA historical prices to predict the future MCNICHOLS NIGERIA's volatility.| Risk Adjusted Performance | 0.1201 | |||
| Jensen Alpha | 0.9401 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.1057 | |||
| Treynor Ratio | (0.80) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of MCNICHOLS NIGERIA'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.
MCNICHOLS NIGERIA PLC Backtested Returns
MCNICHOLS NIGERIA PLC has Sharpe Ratio of -0.0064, which conveys that the company had a -0.0064% return per unit of volatility over the last 3 months. MCNICHOLS NIGERIA exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify MCNICHOLS NIGERIA's Market Risk Adjusted Performance of (0.79), downside deviation of 6.69, and Mean Deviation of 4.32 to check out the risk estimate we provide. The firm secures a Beta (Market Risk) of -1.03, which conveys a somewhat significant risk relative to the market. As the market becomes more bullish, returns on owning MCNICHOLS NIGERIA are expected to decrease slowly. On the other hand, during market turmoil, MCNICHOLS NIGERIA is expected to outperform it slightly. At this point, MCNICHOLS NIGERIA PLC has a negative expected return of -0.0335%. Please make sure to verify MCNICHOLS NIGERIA's semi variance, rate of daily change, and the relationship between the value at risk and kurtosis , to decide if MCNICHOLS NIGERIA PLC performance from the past will be repeated in the future.
Auto-correlation | 0.10 |
Insignificant predictability
MCNICHOLS NIGERIA PLC has insignificant predictability. Overlapping area represents the amount of predictability between MCNICHOLS NIGERIA time series from 30th of September 2024 to 30th of October 2024 and 30th of October 2024 to 29th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of MCNICHOLS NIGERIA PLC price movement. The serial correlation of 0.1 indicates that less than 10.0% of current MCNICHOLS NIGERIA price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.1 | |
| Spearman Rank Test | 0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
MCNICHOLS NIGERIA PLC lagged returns against current returns
Autocorrelation, which is MCNICHOLS NIGERIA stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting MCNICHOLS NIGERIA's stock expected returns. We can calculate the autocorrelation of MCNICHOLS NIGERIA returns to help us make a trade decision. For example, suppose you find that MCNICHOLS NIGERIA has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
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MCNICHOLS NIGERIA regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If MCNICHOLS NIGERIA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MCNICHOLS NIGERIA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MCNICHOLS NIGERIA stock over time.
Current vs Lagged Prices |
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MCNICHOLS NIGERIA Lagged Returns
When evaluating MCNICHOLS NIGERIA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MCNICHOLS NIGERIA stock have on its future price. MCNICHOLS NIGERIA autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, MCNICHOLS NIGERIA autocorrelation shows the relationship between MCNICHOLS NIGERIA stock current value and its past values and can show if there is a momentum factor associated with investing in MCNICHOLS NIGERIA PLC.
Regressed Prices |
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