NESTLE NIGERIA's market value is the price at which a share of NESTLE NIGERIA trades on a public exchange. It measures the collective expectations of NESTLE NIGERIA PLC investors about its performance. NESTLE NIGERIA is trading at 860.00 as of the 17th of December 2024, a 1.18 percent increase since the beginning of the trading day. The stock's open price was 850.0. With this module, you can estimate the performance of a buy and hold strategy of NESTLE NIGERIA PLC and determine expected loss or profit from investing in NESTLE NIGERIA over a given investment horizon. Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.
Symbol
NESTLE
NESTLE 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 NESTLE 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 NESTLE NIGERIA.
0.00
11/17/2024
No Change 0.00
0.0
In 31 days
12/17/2024
0.00
If you would invest 0.00 in NESTLE NIGERIA on November 17, 2024 and sell it all today you would earn a total of 0.00 from holding NESTLE NIGERIA PLC or generate 0.0% return on investment in NESTLE NIGERIA over 30 days.
NESTLE 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 NESTLE 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 NESTLE NIGERIA PLC upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for NESTLE NIGERIA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NESTLE NIGERIA's standard deviation. In reality, there are many statistical measures that can use NESTLE NIGERIA historical prices to predict the future NESTLE NIGERIA's volatility.
NESTLE NIGERIA PLC has Sharpe Ratio of -0.0821, which conveys that the firm had a -0.0821% return per unit of standard deviation over the last 3 months. NESTLE NIGERIA exposes nineteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify NESTLE NIGERIA's Risk Adjusted Performance of 0.0574, market risk adjusted performance of (1.11), and Mean Deviation of 0.3781 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.0803, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning NESTLE NIGERIA are expected to decrease at a much lower rate. During the bear market, NESTLE NIGERIA is likely to outperform the market. At this point, NESTLE NIGERIA PLC has a negative expected return of -0.0516%. Please make sure to verify NESTLE NIGERIA's total risk alpha and day median price , to decide if NESTLE NIGERIA PLC performance from the past will be repeated at future time.
Auto-correlation
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No correlation between past and present
NESTLE NIGERIA PLC has no correlation between past and present. Overlapping area represents the amount of predictability between NESTLE NIGERIA time series from 17th of November 2024 to 2nd of December 2024 and 2nd of December 2024 to 17th of December 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 NESTLE NIGERIA PLC price movement. The serial correlation of 0.0 indicates that just 0.0% of current NESTLE NIGERIA price fluctuation can be explain by its past prices.
Correlation Coefficient
0.0
Spearman Rank Test
1.0
Residual Average
0.0
Price Variance
24.79
NESTLE NIGERIA PLC lagged returns against current returns
Autocorrelation, which is NESTLE 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 NESTLE NIGERIA's stock expected returns. We can calculate the autocorrelation of NESTLE NIGERIA returns to help us make a trade decision. For example, suppose you find that NESTLE 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
Timeline
NESTLE 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 NESTLE NIGERIA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NESTLE NIGERIA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NESTLE NIGERIA stock over time.
Current vs Lagged Prices
Timeline
NESTLE NIGERIA Lagged Returns
When evaluating NESTLE NIGERIA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NESTLE NIGERIA stock have on its future price. NESTLE 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, NESTLE NIGERIA autocorrelation shows the relationship between NESTLE NIGERIA stock current value and its past values and can show if there is a momentum factor associated with investing in NESTLE NIGERIA PLC.
Regressed Prices
Timeline
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.